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Bioactive Wound Management Market (Covid-19) Impact and Analysis By 2027 | Smith+Nephew, MiMedx, Integra LifeSciences, Organogenesis, Tissue Regenix Group, Coloplast, Hartmann, Covalon Technologies, ConvaTec, and ETS Wound Care
Bioactive Wound Management Market
The study provides details such as the market share, Market Insights, Strategic Insights, Segmentation and key players in the Bioactive Wound Management Market.
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The bioactive wound management market was valued at US$ 1,751.38 million in 2019 and is projected to reach US$ 3,057.12 million by 2027; it is expected to grow at a CAGR of 7.3% from 2020 to 2027.
Some of the Major Market Players Are:
• Smith+Nephew
• MiMedx
• Integra LifeSciences
• Organogenesis
• Tissue Regenix Group Plc
• Coloplast
• Hartmann plc
• Covalon Technologies Ltd.
• ConvaTec
• ETS Wound Care, LLC
Market Insights
Increasing Incidences of Wounds and Ulcers
Rising diabetes-associated risks such as diabetic foot ulcers and pressure sores are increasing the demand for bioactive wound care products. In addition, factors such as antimicrobial resistance, adoption of unhealthy lifestyles, alcohol consumption, and smoking contribute to the rise in the prevalence of non-communicable diseases. As per the International Diabetes Federation, in 2019, approximately 463 million adults had diabetes, and this number is expected to reach 700 million by 2045.
Moreover, complications associated with diabetes, such as diabetic foot ulcers, are also facilitating the need for advanced wound care management products. For instance, as per the International Diabetes Federation, persons with diabetes are 15–40 times more likely to require lower-leg amputation. Approximately 85% of amputations are followed by the development of a neuropathic foot ulcer.
Product-Based Insights
Based on product, the bioactive wound management market is segmented into alginates, collagen-based dressings, antimicrobial dressings, bioengineered skin substitutes, and hydrocolloids. The alginates segment held the largest share of the market in 2019. Alginate dressings are preferred choice for chronic wound dressings owing to their high utility in exuding wounds, and great absorbance capacity in keeping wounds clean and dry. Additionally, owing to their gel forming ability, they are preferred in the management of bleeding wounds; further, these dressings also help in reducing pain. Moreover, collagen is the most widely used extracellular matrix (ECM) component in wound dressings. Products such as Puracol Plus, and Fibracol Plusor BIOPAD are designed as topical wound dressings
Strategic Insights
Product launches, mergers and acquisitions, collaborations, and expansions are the commonly adopted by strategies by various companies to expand their footprint worldwide and meet the growing demand by expanding their respective product portfolios. The players operating in the bioactive wound management market adopted the strategy of product innovations to cater to changing customer demand worldwide, which also permits them to maintain their brand name globally.
The report segments global bioactive wound management market as follows:
By Product
• Bioengineered Skin Substitutes
• Collagen-based Dressings
• Antimicrobial Dressings
• Alginates
• Hydrocolloids
By Application
• Pressure Ulcers,
• Diabetic Foot Ulcers
• Venous Leg Ulcers
• Burn Wounds
• Surgical Wounds
By End User
• Hospitals and Clinics
• Ambulatory Surgical Centers
• Others
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Bioactive Wound Management Market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2027 with respect to five major regions. The Bioactive Wound Management Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
Promising Regions & Countries Mentioned in The Bioactive Wound Management Market Report:
• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East & Africa
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
Major Features of Bioactive Wound Management Market Report:
• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Bioactive Wound Management market
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the global Bioactive Wound Management market, thereby allowing players across the value chain to develop effective long-term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.
Purchase a copy of Bioactive Wound Management Market research report @ https://www.theinsightpartners.com/buy/TIPMD00002256/?openpr-10225
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About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Life Science, Technology, Healthcare, Manufacturing, Automotive and Defense, Food Beverages, Chemical etc.
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