Potential Opportunities of Wound Care Devices Market

The Global Wound Care Devices Market is expected to rise at a healthy CAGR of 5.1% between 2017 and 2025 as per a new report by Fortune Business Insights. Fortune Business Insights in a report, titled "Wound Care Devices Market: Global Market Analysis, Insights and Forecast, 2018-2025" provides insights on factors enabling growth in the market. As per the report, the market was valued at US$ 1994.8 Mn in 2017 and is projected to reach a valuation of US$ 2949.2 Mn by 2025.

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https://www.fortunebusinessinsights.com/industry-reports/wound-care-devices-market-100388

Report Highlights:
o Detailed Historical Overview
o Consumer and Pricing Analysis
o Market Dynamics of the Industry
o In-depth Market Segmentation
o Historical and Projected Market Sizing in Terms of Value
o Recent Market Trends and Impact Factors
o R&D Status and Technology Overview
o Extensive Industry Structure Coverage

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Key Companies and Manufacturers Covered:

The study covers key players operating in the market along with prime schemes and strategies implemented by each player to hold high positions in the industry. Such a tough vendor landscape provides a competitive outlook of the industry, consequently existing as a key insight.

o Smith & Nephew
o KCI Licensing, Inc.
o Talley Group Ltd
o Cardinal Health
o ConvaTec
o DeRoyal
o Devon Medical Products
o BSN medical
o Medela AG

Hyperbaric Oxygen Therapy to Witness Considerably High Demand

In terms of product, hyperbaric oxygen therapy offers several clinical benefits for the treatment of necrotizing and hard-to-heal tissue wounds. Considering this factor, the segment is expected to witness high demand among wound care dressings and devices. Moreover, it covered a share of 7% in the global market in the year 2017.

Easy Accessibility of Products to Help Market Grow in North America

The wound care devices market in North America was valued at US$ 796.4 Mn in the year 2017 and is expected to grow at a higher percentage during the forecast years. Growing geriatric pollution and rising awareness about wound care treatment are key factors driving the market in this region.

Furthermore, rising prevalence of different types of ulcers in the U.S. is expected to facilitate growth of the market, stirring demand for wound care dressings. As per a study conducted by the CDC, the U.S., registers 2.5 million patients suffering from pressure ulcers each year. Besides North America, Asia Pacific is projected to show attractive growth owing to large population bases especially in China and India. Also, growing prevalence of diabetes in this region is expected to drive the market Asia Pacific.

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Detailed Table of Content:

1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Prevalence of key Indications, 2017 (Key Countries)
4.2. Economic cost Burden, Chronic wounds (Key Countries)
4.3. Reimbursement Scenario, Key Countries
4.4. Pricing Analysis, Key Players, 2017
TOC Continued..

Research Methodology:

Fortune Business Insights follows a robust research methodology that involves data triangulation based on top-down, bottom-up approaches, and validation of the estimated market numbers through primary research. The information used to estimate the market size and forecast for various segments at the global, regional, and country level is derived from the most credible published sources and through interviews with the right stakeholders.

Growth rate or CAGR exhibited by a market for a certain forecast period is calculated on the basis of various factors and their level of impact on the market. These factors include market drivers, restraints, industry challenges, market and technological developments, market trends, etc.

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Fortune Business Insights(TM) offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

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This release was published on openPR.