Press release
Sales of Advanced Wound Care are projected to increase at a high CAGR Of 5.5% forecast to 2021 - 2031 | Investor AB (Mölnlycke Health Care AB), Johnson & Johnson, Medline Industries, Inc., Medtronic plc
Advanced Wound Care Market
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Market Drivers
Ageing population across the globe
According to the UN Department of Economic and Social Affairs, in 2019, there were 703 million persons aged 65 years or over in the global population. This figure is projected to double to 1.5 billion in 2050. Globally, the share of the population aged 65 years or over increased from 6% in 1990 to 9% in 2019.
That proportion is projected to rise further to 16% in 2050, when it is expected that one in six people across the globe will be aged 65 years or over. Such an intense rise in the population will create opportunities for advanced wound care as the wounds heal slowly and require high medical attention in geriatric people.
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So, in aged people, it becomes difficult to treat wounds owing to the high risk of infection, especially in cases of deep wounds.
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Market Segments
By Product
Dressings
Devices & Accessories
Grafts & Matrices
Topical Agents
By Wound Type
Surgical & Traumatic Wounds
Diabetic Foot Ulcers
Pressure Ulcers
Venous Leg Ulcers
Burns & Other Wounds
By End User
Hospitals
Community Health Service Centers
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Market Players of Global Advanced Wound Care Market
The key players in the global advanced wound care market are 3M (Acelity Inc.), Adynxx, Inc., B Braun Melsungen AG, Coloplast A/S, ConvaTec Group plc, Essity AB (BSN Medical GmbH), Integra Lifesciences (Derma sciences), Investor AB (Mölnlycke Health Care AB), Johnson & Johnson, Medline Industries, Inc., Medtronic plc., Organogenesis Holdings Inc., and Smith & Nephew Plc. among others.
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