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Advanced Wound Care Devices Market Size, Insights, and Forecasts Leading to 2032 || 3M, Coloplast Corporation, ConvaTec Group PLC
Advanced Wound Care Devices Market
The Business Research Company's Advanced Wound Care Devices Global Market Report 2023 identifies the increasing number of surgeries is expected to propel the growth of the advanced wound care devices market going forward. Surgery refers to the process of treating illnesses or injuries in humans or animals by opening up the body and removing or repairing the affected area. Advanced wound care devices are helpful for patients undergoing surgeries for treating wounds by improving metabolism, and oxygen flow of the patient. For instance, in February 2022, The American Academy of Facial Plastic and Reconstructive Surgery (AAFPRS), a US-based world's largest association of facial plastic surgeons, in 2021, 1.4 million surgical and non-surgical procedures were performed, with plastic surgeons performing 600 more procedures than they did in 2020, a 40% increase. The average plastic surgeon performed 320 surgical procedures in 2021, compared with 220 in 2020.
The global advanced wound care devices market size is expected to grow from $10.78 billion in 2022 to $11.40 billion in 2023 at a compound annual growth rate (CAGR) of 5.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global advanced wound care devices market size is expected to reach $13.89 billion in 2027 at a CAGR of 5.1%.
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Major competitors in the advanced wound care devices market are 3M, Coloplast Corporation, ConvaTec Group PLC., Smith & Nephew PLC., Integra LifeSciences, Organogenesis Holdings Inc., Medtronic PLC., MiMedx Group Inc.
A key trend in the advanced wound care devices market includes technological advancement. Major companies operating in the advanced wound care devices market are adopting new technologies to strengthen their position in the market. For instance, in September 2022, Colzyx Ab, a Sweden-based manufacturer of wound care devices, develops an innovative wound matrix, WOUNDCOM, effector molecules that are bioactive components of the biological host-defense protein human collagen VI. These have evolved to initiate, stimulate, and control normal physiological wound-healing processes while also exhibiting clear antimicrobial effects.
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The advanced wound care devices market is segmented -
1) By Product: Moist, Antimicrobial, Active
2) By Application: Chronic Wounds, Acute Wounds
3) By End User: Hospitals, Speciality Clinics, Home Healthcare, Other Types
4) By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the advanced wound care devices.
The Business Research Company's "Global Advanced Wound Care Devices Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Advanced Wound Care Devices Market Include:
1. Executive Summary
2. Advanced Wound Care Devices Market Characteristic
3. Advanced Wound Care Devices Market Trends And Strategies
4. Advanced Wound Care Devices Market - Macro Economic Scenario
5. Advanced Wound Care Devices Market Size And Growth
……………
27. Advanced Wound Care Devices Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Advanced Wound Care Devices Market
29. Advanced Wound Care Devices Market Future Outlook And Potential Analysis
30. Appendix
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