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Recent Developments in the Advanced Wound Care Market Revenue to Cross USD 17.8 Billion by 2032 | CAGR of 5.6%
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Rise in prevalence of diabetes, obesity, and chronic conditions, technological advancements in wound care management and rise in new product launches for wound care treatment are the factors that drive the growth of the global advanced wound care market. However, stringent regulations for manufacturing of wound care products are expected to restrict the market growth. Moreover, the growth opportunities in emerging markets present new opportunities in the coming years.
Key Takeaways:
Growing Prevalence of Chronic Wounds: The advanced wound care market is driven by the increasing prevalence of chronic wounds such as diabetic foot ulcers, venous leg ulcers, and pressure ulcers. These wounds often require specialized treatment due to their complexity and slow healing nature.
Technological Advancements: Technological innovations have led to the development of advanced wound care products that promote faster and more effective wound healing. These include products like hydrogels, foams, films, alginates, and wound dressings with antimicrobial properties.
Impact of Covid-19 on Advanced Wound Care Market-
The Covid-19 pandemic negatively affected the market due to countrywide lockdown and canceled or postponed elective surgeries. Moreover, the prolonged lockdown disrupted the supply chain and increased the prices of medical equipment and raw materials.
However, the increase in skin injuries in medical care providers is expected to boost the demand for advanced wound care.
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Market Segmentation:
By End User:
Hospitals
Homecare Settings
Others
By Product:
Infection Management
Silver Wound Dressings
Non-Silver Dressings
Collagen Dressings
Exudate Management
Hydrocolloids Dressings
Foam Dressings
Alginate Dressings
Hydrogel Dressings
Active Wound Care
By Application
Acute Wounds
Burns and Trauma
Surgical Wounds
Chronic Wounds
Pressure Ulcers
Diabetic Foot Ulcers
Venous Leg Ulcers
Arterial Ulcers
By Region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, Spain, Rest of Europe)
Asia-Pacific (Japan, China, India, Australia, South Korea, Rest of Asia-Pacific)
LAMEA (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
Key Market Players:
Coloplast, B. Braun SE, Cardinal Health Inc., 3M Company, ORGANOGENESIS HOLDINGS INC., MIMEDX Group, Inc., Integra LifeSciences Holdings Corporation, Smith & Nephew plc, ConvaTec Group plc, Molnlycke Health Care AB
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Regional Growth Dynamics:
The global advanced wound care market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across North America held the largest share in 2020, accounting for more than two-fifths of the market. However, the market across Asia-Pacific is expected to register the highest CAGR of 5.7% during the forecast period.
Contact Details:
David Correa
USA/Canada (Toll-Free): +1-800-792-5285, +1-503-894-6022
help@alliedmarketresearch.com
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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