Global Wound Care Management Products Market Top Leading Players with Strategies and Forecast 2028

The global wound care management products market is anticipated to grow at a considerable CAGR of 5.1% during the forecast period (2022-2028). Wound care management products are the products that are used for the treatment or care of acute or chronic wounds on the human body. The major factor attributing to the growth of the global wound care management products market is the application of these products in trauma due to the increasing number of road traffic injuries. According to a report published by the World Health Organization (WHO) in June 2021, around 1.3 million people die due to road traffic accidents every year. The report also shows that around 20 to 50 million people suffer from non-fatal injuries which requires wound care management products. Thus, the application of wound care management products is increasing in hospitals.
In addition, the use of wound care management products for the treatment of post-surgical wounds is increasing due to the increasing number of surgical procedures globally. According to a report published by the US National Library of Medicine, around 310 million major surgeries are performed every year across the globe. Many of these surgeries incurred chronic wounds that need to be treated after the surgical procedures. Thus, increasing the demand for wound care management products. Furthermore, the wounds caused by the increasing cases of burns are also the reason for the rising demand for wound care products. According to WHO, mortality of around 1,80,000 people every year occurs due to burns. Burns is the major reason for causing chronic and acute wounds and are the leading cause of morbidity.
The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in March 2022, WoundGenex partnered with MiMedx Group, Inc. to provide MiDedx's clients an exclusive version of WoundGenex's premier graft program. Furthermore, the US Food and Drug Administration (FDA) approved stratagraft for the treatment of chronic or acute wounds caused by thermal burns.

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Market Coverage
• The market number available for - 2021-2028
• Base year- 2021
• Forecast period- 2022-2028

• Segment Covered-
o By Product Type
o By Wound Type
o By Application
o By End-user

• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World

• Competitive Landscape- Smith & Nephew plc, 3M, Cardinal Health, Inc., Coloplast A/S, and B Braun Holdings GmbH, among others.

Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

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Global Wound Care Managment Products Market Report by Segment

By Product Type
• Dressings
• Topical Agents
• Devices
• Grafts
• Others

By Wound Type
• Chronic Wounds
• Acute Wounds

By Application
• Trauma
• Diabetes
• Surgical
• Burns
• Others

By End-user
• Hospitals
• Clinics
• Community Health Centers
• Ambulatory Surgical Centers

Global Wound Care Managment Products Market Report by Region
North America
• The United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa

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This release was published on openPR.