Wound Care Market 2020 - Key Futuristic Trends and Competitive Landscape 2025 | Smith & Nephew plc, 3M, Coloplast, ConvaTec Group plc, Mölnlycke Health Care AB, Ethicon Inc. (Johnson & Johnson), Medtronic plc, Derma Sciences Inc.

Global Wound Care market would thus note a steady growth over the forecast period of 2020 - 2025. The robust CAGR (Compound Annual Rate Growth) will chart an upward growth curve and create lucrative growth opportunities in the global Wound Care market. In, turn, this will lead to improvement in market worth.

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Global Wound Care Market: Notable Development
Global Wound Care market is set to witness growth and a number of notable developments are paving the way for the same. The competitive landscape is also duly impacted by these developments. A deep dive can be had a published report by Adroit Market Research.

The global Wound Care market is highly consolidated. And, key players in the global Wound Care market are Smith & Nephew plc, 3M, Coloplast, ConvaTec Group plc, Mölnlycke Health Care AB, Ethicon Inc. (Johnson & Johnson), Medtronic plc, Derma Sciences Inc. (Integra LifeSciences Corporation), Baxter International Inc., and Medline Industries, Inc. among others.

Global Wound Care Market: Key trends and driver
The need for rapid wound-healing has significantly increased owing to the increasing number of patients suffering from diabetes and obesity. According to International Diabetes Federation (IDF), 463 million people were living with diabetes globally in 2019 and this number is expected to reach 700 million by 2045. These conditions have contributed to a surge in the number of patients with chronic wounds globally. Chronic wounds such as diabetic foot ulcers, venous leg ulcers and pressure ulcers pose huge healthcare burden.

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Global Wound Care Market: Regional Analysis
Increase in incidence of diabetes and obesity along with surging volume of surgeries performed in the U.S. are major factors expected to drive the wound care market in the region. According to International Diabetes Federation (IDF), approximately 48 million individuals in North America were living with diabetes in 2019 and this is expected to reach 63 million by 2045, witnessing a rise of over 33% by 2045. Presence of such large patient population will increase the demand for wound care products in the future. Furthermore, increase in spending on wound care is other major factor likely to boost the growth of the market in North America.
Key Segments of the Global Wound Care Market
Product Overview:
o Advanced Wound Care Products
o Advanced Wound Dressings
? Foam dressings
? Hydrocolloid dressings
? Antimicrobial dressings
? Film dressings
? Alginate dressings
? Hydrogel dressings
? Collagen dressings
? Others
o Wound Therapy Devices
? Negative Pressure Wound Therapy (NPWT)
? Oxygen and Hyperbaric Oxygen Equipment
? Pressure Relief Devices
? Electric Stimulation Devices
? Others
o Wound Care Bioactives
? Biological Skin Substitutes
? Topical Agents

o Surgical Wound Care Products
o Sutures & Staplers
o Tissue Adhesives, Glues & Sealants
o Anti-infective Dressings

o Traditional Wound Care Products
o Medical Tapes
o Dressings
o Cleansing Agents
o Anti-infective Dressings

Wound Type Overview:
o Chronic Wounds
o Diabetic Foot Ulcers
o Venous Leg Ulcers
o Pressure Ulcers
o Others
o Acute Wounds
o Surgical and Traumatic Wounds
o Burns

End-users Overview:
o Hospitals & Clinics
o Long-term Care Facilities
o Home Care Settings

Regional Overview:
o North America
o U.S.
o Canada
o Europe
o Germany
o United Kingdom
o France
o Rest of Europe
o Asia Pacific
o China
o Japan
o India
o Rest of Asia Pacific
o Latin America
o Brazil
o Mexico
o Rest of Latin America
o Middle East & Africa

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