Global Wound Care Devices Market 2024 New Trends, Business Growth, Segmentation And Key Players Analysis Till 2033 | Major Players Are Cardinal Health Inc., Johnson & Johnson, 3M Company, Medtronic Inc., EssilorLuxottica SA.

"The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company presents an extensive market research report on the Wound Care Devices Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:
The wound care devices market size has grown strongly in recent years. It will grow from $60.43 billion in 2023 to $65.51 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to rise in chronic diseases, prevalence of diabetes, increase in surgical procedures, focus on infection control, government initiatives for wound care, patient preference for non-invasive solutions.

The wound care devices market size is expected to see strong growth in the next few years. It will grow to $88.47 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to global rise in obesity rates, regulatory support and standards, wearable wound monitoring devices, increasing geriatric population, collaboration in wound care research. Major trends in the forecast period include smart wound dressings, 3d bioprinting in wound care, telemedicine in wound management, compression therapy innovations, wearable wound monitoring devices.

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Key Market Players:
Major companies operating in the wound care devices market report are Cardinal Health Inc., Johnson & Johnson, 3M Company, Medtronic Inc., EssilorLuxottica SA, Siemens Healthineers, Fresenius Medical Care AG & Co. KGaA, Essity AB, Boston Scientific Corporation, Henry Schein Inc., B. Braun SE, Olympus Corporation, Zimmer Biomet Holdings Inc., Terumo Corporation, Intuitive Surgical Inc., Smith & Nephew plc, Dentsply Sirona, Cadence, Coloplast A/S, Paul Hartmann AG, Mölnlycke Health Care, ConvaTec Group Plc, Integra lifeSciences, Lohmann & Rauscher, CONMED Corporation, Acelity, Frankenman International Limited, Human Biosciences Inc., Urgo Medical, Meril Life Science Pvt. Ltd., Danaher Corporation

Market Drivers:
Combination dressings are increasingly being used to treat chronic wounds. The most widely used combination dressing is an antimicrobial agent and a biological material that together acts as a combination dressing. Combination dressings blend the chemical and physical properties of two or more types of wound dressing products to provide, waterproofing, anti-bacterial and viral infections, and skin-friendly capabilities. For instance, ConvaTec offers AQUACEL combination dressings that are made up of Hydrofiber Technology that offers stitch bonding functionality and increases the tensile strength of the dressing to be used as a combination dressing with an absorbent for the treatment of chronic wounds. The most widely used combination dressings include silver alginate dressings, silver collagen dressings, collagen hydrochloride dressings, and foam dressings. These dressings are used in the treatment of chronic ulcers, traumatic wounds, and surgical wounds. For instance, according to the National Library of Medicine, a US-based medical library, by 2030, the global prevalence of type 2 diabetes is expected to climb to 7,079 cases per 100,000 people, demonstrating an ongoing rise in all geographical areas.

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The wound care devices market covered in this report is segmented -
1) By Type: Traditional Adhesive Dressings, Negative-pressure Wound Therapy (NPWT), Traditional Gauze Dressings, Advanced Wound Care Devices
2) By End User: Hospitals And Clinics, Diagnostic Laboratories, Other End Users
3) By Type of Expenditure: Public, Private
4) By Product: Instruments/Equipment, Disposables

The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?

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