openPR Logo
Press release

Philippines Wound Care Market Size on Target to Reach $85 Million by 2025

01-20-2020 01:04 PM CET | Health & Medicine

Press release from: Allied Market Research

Philippines Wound Care Market

Philippines Wound Care Market

The Philippines wound care market was valued at $51 million in 2017, and is projected to reach $85 million by 2025, registering a CAGR of 6.5% from 2016 to 2022. The surgical wound care segment accounted for nearly two-fifths share of the total market in 2017.

Wound care management involves the use of dressing products coupled with drug formulations and offers several benefits such as lower healing time. Wound care products are widely adopted to treat chronic and acute wounds. Advanced wound care products are emerging as a standard solution to treat acute and chronic wounds. Surgical suture is a medical device used to stich the cutaneous wounds, and to close surgical incision site. It is used to hold internal organs, skin, blood vessels, and all other tissues of the human body. Traditional wound care products are increasingly being substituted with advanced wound care products due to their efficiency and effectiveness to treat wounds by enabling faster healing.

Do Enquiry for Sample Report @ https://www.alliedmarketresearch.com/request-sample/2169

Surge in geriatric population & favorable demographics; rise in incidence of diabetes, obesity, and chronic conditions; technological advancements in complex wound management; and increase in awareness to reduce healthcare costs drive the growth of the market. However, reluctance in adoption of new technologies, development of substitute products, and lack of sufficient evidence restrain the growth of the market. Conversely, increased focus toward advanced treatment protocols and significant unmet needs in wound care are expected to offer remunerative opportunities for market players.

Based on product, the market is classified into advance wound care, surgical wound care, and traditional/basic wound care. The surgical wound care segment is expected to maintain its dominant position throughout the analysis period, due to increase in accidents and numbers of surgeries in the country.

Based on application, the market is bifurcated into chronic wounds and acute wounds. The chronic wounds segment is anticipated to exhibit the highest CAGR during the forecast period, due to the rise in geriatric population, increase in awareness toward wound care management, and improved diagnosis fuel the demand for chronic wound care products.

The major companies profiled Are:

• 3M Company
• Smith & Nephew Plc.
• Coloplast A/S
• Medtronic plc
• ConvaTec Group Plc
• Cardinal Health, Inc.
• BSN Medical GmbH
• Mundipharma International Ltd.
• B. Braun Melsungen AG
• Urgo Medical.

Get a purchase Enquiry @ https://www.alliedmarketresearch.com/purchase-enquiry/2169

The other players in the value chain include:

• Mebo International Group
• Total Wound Care Solution Corporation Philippines
• ASO Philippines, Inc.
• Medline Industries, Inc.
• Others.

Key Findings of the Philippines Wound Care Market:

• Based on end user, the community centers segment accounted for a major share (more than three-fifths) of the Philippines wound care market in 2017.
• Based on product, the infection management segment was the major segment of Philippines advanced wound care market (accounting for more than one-third share of the advanced wound care market).
• Based on product, the active wound care segment is projected to grow at a remarkable CAGR of 17.0% from 2018 to 2025.
• Based on application, the chronic wounds segment accounted for a major share (more than three-fifths) of the overall market in 2017.

Obtain Report Details @ https://www.alliedmarketresearch.com/philippines-wound-care-market

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Market Pulse: https://blog.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research

About Us:

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Philippines Wound Care Market Size on Target to Reach $85 Million by 2025 here

News-ID: 1901213 • Views: 82

More Releases from Allied Market Research

Airborne Fire Control Radar Market Global Business Outlook and Professional Surv …
A new report published by Allied Market Research, titled, “World Airborne Fire Control Radar Market by Frequency Band and Geography: Global Opportunity Analysis and Industry Forecast, 2014-2022,” forecasts that the world airborne fire control radar market is expected to reach $3,455 million by 2022, growing at a CAGR of 3.9% from 2016 to 2022. X-band segment is expected to witness highest growth rate, while region-wise North America is projected to
Aerospace Robotics Market Projected To Hit $5,687 Billion By 2022 | Analysis, Sa …
The aerospace robotics market in the LAMEA region is estimated to grow at a significant rate during the forecast period, owing to the heavy inflow of investment by the government to develop the aviation industry. Moreover, it is expected to witness significant growth in emerging countries such as Africa, Brazil, Iran, and Saudi Arabia. Download Sample Report: https://www.alliedmarketresearch.com/request-sample/2152 Aerospace Robotics Market Report, published by Allied Market Research, projects that the global
High Availability Server Market 2020 | Best Growth Opportunities to Generate Hug …
The Objective of the High Availability Server Market report is to depict the trends and upcoming for High Availability Server Industry over the forecast years. In High Availability Server Market report data has been gathered from industry specialists/experts. Although the market size of the market is studied and predicted from 2020 to 2027 mulling over 2019 as the base year of the market study. Attentiveness for the market has increased
U.S. Digital Therapeutics Market Expected to Reach $5.08 Billion by 2027
The U.S. digital therapeutics market is expected to grow at a faster rate during the forecast period, owing to increase in smartphone penetration in the U.S. Moreover, rise in need to curb healthcare costs and increase in prevalence of chronic diseases are anticipated to supplement the market growth. In addition, introduction of more sophisticated devices, which are compatible with smartphones and associated programs augments growth of the market. According to a

All 5 Releases


More Releases for Philippines

ZharBiz Motor Vehicle Inspection System (Philippines)
Zharbiz International Inc. and Aarogya JCH Inc. have launched the private motor vehicle inspection system (PMVIS) which offers new technology aimed at safer emissions and lesser traffic. During launch held at Eastwood in Quezon City recently, the event gave a preview into the technology which the firms provide in compliance with Republic Act No. 4136 of the Department of Transportation-Land Transportation Office. The DOTr-LTO R.A. No. 4136 is an act to compile
Consumer Appliances in the Philippines
ReportsWeb.com has announced the addition of the “Consumer Appliances in the Philippines” to its database. Volume sales of consumer appliances witnessed stable growth in 2016, as rising disposable incomes and changing consumer lifestyles benefited sales. More Filipinos are able to purchase essential appliances such as washing machines and desk fans, while specialised appliances such as countertop blenders are experiencing rising sales due to increased consumer interest. Request a Sample at http://www.reportsweb.com/inquiry&RW0001525756/sample . Publisher's
Retailing in the Philippines
With higher disposable incomes, consumers were encouraged to shop in higher quantities and to spend on more expensive products in 2016. Grocery retailers enjoyed bigger baskets, whilst non-grocery retailers saw an increased preference for and appreciation of higher-priced merchandise. This can be attributed to the continued inflow of remittances from OFW (overseas Filipino workers) and to the sustained growth of the BPO (business process outsourcing) sector, along with a lower
Soft Drinks in the Philippines
ReportsWeb.com has announced the addition of the “Soft Drinks in the Philippines” The report focuses on global major leading industry players with information such as company profiles, product picture and specification. The Philippine soft drinks industry generated stronger growth in 2016 thanks to increasing disposable incomes. Total current value growth was higher than total volume growth at industry level in 2016, a trend which reflects the shift towards smaller pack sizes,
Agrochemicals Market in Philippines
ReportsWorldwide has announced the addition of a new report title Philippines: Agrochemicals: Market Intelligence (2016-2021) to its growing collection of premium market research reports. The report “Philippines: Agrochemicals: Market Intelligence (2016-2021)” provides market intelligence on the different market segments, based on type, active ingredient, formulation, crop, and pest. Market size and forecast (2016-2021) has been provided in terms of both, value (000 USD) and volume (000 KG) in the report. A
Cigarettes In The Philippines, 2016
"Cigarettes in the Philippines, 2016" is an analytical report by GlobalData that provides extensive and highly detailed current and future market trends in the the Philippine market. It covers market size and structure along with per capita and overall consumption. Additionally, it focuses on brand data, retail pricing, prospects and forecasts for sales and consumption to 2025. The cigarette market in the Philippines is large despite showing evidence of falling back