Wound Care Market in Philippines Size to hit $85 million by 2025, Top Prominent Players: 3M Company, Smith & Nephew Plc., Coloplast A/S, Medtronic plc, ConvaTec Group Plc
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.
Download Report Sample @ 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.
Inquire before buying @ https://www.alliedmarketresearch.com/purchase-enquiry/2169
The Major Key Players 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, and Urgo Medical.
The other Key players Are:
Mebo International Group, Total Wound Care Solution Corporation Philippines, ASO Philippines, Inc., Medline Industries, Inc., and others.
Key Findings of the Philippines Wound Care Market:
o 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.
o 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).
o Based on product, the active wound care segment is projected to grow at a remarkable CAGR of 17.0% from 2018 to 2025.
o Based on application, the chronic wounds segment accounted for a major share (more than three-fifths) of the overall market in 2017.
Access Full Report @ https://www.alliedmarketresearch.com/philippines-wound-care-market
5933 NE Win Sivers Drive
#205, Portland, OR 97220
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Allied Market Research (AMR) is a full-service market research and business -consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
This release was published on openPR.
Permanent link to this press release:
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 Wound Care Market in Philippines Size to hit $85 million by 2025, Top Prominent Players: 3M Company, Smith & Nephew Plc., Coloplast A/S, Medtronic plc, ConvaTec Group Plc here
News-ID: 2005833 • Views: 605
More Releases from Allied Market Research
COVID-19 Impact on Nerve Repair and Regeneration Market Global Industry Size, Sh …
Global Nerve Repair and Regeneration Market are expected to reach $13,938 million by 2023, growing at a CAGR of 13.0 % during the forecast period, 2019-2023. The factors propelling the nerve repair and regeneration market are rise in geriatric population, growing prevalence of neurological and epidemic disorders, and introduction of novel and innovative products for nerve repair and regeneration. However, stringent regulatory requirements for product approvals, lack of skilled professionals, and
Silver Nanoparticles Market Next Big Thing | Major Giants - Nano Products (ANP), …
Rise in demand for silver nanoparticles in the food & beverage, hospitality, electronics & IT, and textile sectors is expected to boost the growth of the global silver nanoparticles market. On the other hand, availability of substitutes impede the growth to some extent. However, increase in R&D activities for the use of the particles in more and more industry domains is expected to create lucrative opportunities for the key players
Advanced Wound Care Market Global Industry Size, Growth, Covid-19 scenario, Key …
the advanced wound care market size was valued at $9.25 billion in 2019, and is estimated to reach at $15.30 billion by 2027, registering a CAGR of 11.6% from 2020 to 2027. Increase in geriatric population, rise in incidences of diabetes, obesity and chronic conditions, and technological advancements to deal with complex wounds drive the growth of the global advanced wound care market Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/903 Surge in geriatric population,
Liver Disease Treatment Market to Hit $19,536 million by upcoming Years | GlaxoS …
The Global Liver Disease Market is projected to reach $19.5 billion by 2022, growing at a CAGR of 11.72% during the forecast period, 2016 – 2022. The antiviral drug segment held major share of the total market in 2015 and is expected to maintain its lead throughout the forecast period. This is attributed to the high incidences of virus infected liver diseases including Hepatitis. However, corticosteroid drug segment registered fastest
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