Advanced Wound Care Management Market Research Report by Geographical Analysis and Forecast to 2024
Transparency Market Research estimates that the advanced wound care management market will expand at a CAGR of 6.3% from 2016 to 2024 and rise from a valuation of at US$6,457.0 mn in 2015 to US$11,161.6 mn by 2024.
Based on product type, advanced wound care dressings was the dominant segment of the global advanced wound care management market, accounting for a share of nearly 62.4% of the overall market in 2015. In terms of geography, North America dominated with a 42.6% of the market in the said year.
Read Full Report: http://www.transparencymarketresearch.com/advanced-wound-care-management-market.html
Increasing prevalence of lifestyle diseases and disorders is leading to the increased prevalence of chronic wounds such as venous leg ulcer, diabetic foot ulcer, and pressure ulcer globally. As chronic wounds generally take longer to heal and levy vast socioeconomic burdens on any society, the demand for advanced wound care therapies for their effective treatment is rising globally.
Diabetic ulcers are growing rapidly due to the increased incidence of both type I and maturity-onset diabetes in developed as well as developing economies across the world. The prevalence of diabetic ulcers is rising at 9% annually, which is much faster than the rate of development of new treatment technologies. Currently, there are over 4.5 million pressure ulcer patients in the world that require treatment every year. Moreover, there are more than 9.7 million venous ulcers and approximately 10 million diabetic ulcers patients in the world that require treatment.
Apart from this, factors such as the rising population of geriatrics, a demographic that is highly vulnerable to several chronic diseases, and availability of a vast array of highly effective products such as skin substitutes are also stimulating market’s growth. According to the Wound Healing Society, nearly 15% of older adults in the U.S. suffer from chronic wounds, such as venous stasis ulcers, pressure ulcers (bedsores), and diabetic (neuropathic) foot ulcers.
Download exclusive Sample of this report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=16139
The costs of advanced wound dressing products are comparatively higher than traditional wound dressing products. Therefore, many patients opt for traditional dressings despite their slow healing process. This trend significantly hampers the overall consumption of advanced wound care products, especially in certain low-income and emerging economies. Markets in Asia Pacific, for instance, are price sensitive and have inhibitions on investing in advanced wound care. These are often only affordable for the high-income population, therefore leaving scope for a comparatively smaller market.
Moreover, developing regions such as Asia Pacific, Latin America, and the Middle East and certain developed economies do not have established provisions for reimbursement for advanced wound treatment. High cost of advanced wound care products combined with the non-availability of favorable reimbursement norms are expected to exert a sizeable negative impact on the development of the global advanced wound care management market in the near future.
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.
Transparency Market Research
90 State Street,
NY - 12207
USA - Canada Toll Free 866-552-3453
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Advanced Wound Care Management Market Research Report by Geographical Analysis and Forecast to 2024 here
News-ID: 505754 • Views: 167
More Releases from Transparency Market Research
Distributed Operating System Market: A Latest Research Report to Share Industry …
A distributed operating system is a software which is a collection of distinct computational nodes that are networked, independent, and communicating in order to perform certain operations The distributed operating system manages the jobs that are serviced by multiple processing units. Every distinct node holds a precise software subset of the global collective operating system. Each subset is a composite of two distinct service provisions. The first subset is a universal kernel,
Research Outlines Huge Growth In Automatic Dependent Surveillance Broadcast Mark …
Automatic dependent surveillance-broadcast (ADS-B) is surveillance technology which enables an aircraft to determine its position through satellite navigation. Automatic dependent surveillance-broadcast (ADS-B) helps to track an aircraft through periodical broadcasts. As a replacement for secondary surveillance radar, automatic dependent surveillance - broadcast (ADS–B) technology can be used by air traffic control ground stations to gather information regarding tracking of the aircraft. It can also be used by other aircrafts to enable
RF Shielded Test Enclosures Market: Structure and Overview of Key Industry
RF shielded test enclosures, also called RF shielded test boxes, are used for testing of RF and microwave devices in an isolated test environment, which lacks interference of other devices as well as the external environment These test boxes are used in isolation from unintended electromagnetic interference in noisy surroundings. In order to check whether a device is functioning up to the mark in an isolated environment, these boxes are used
Pitot Tube Anemometers Market Will Escalate Rapidly in the Near Future
A pitot tube anemometer is a flow measurement device that is designed to measure and display air pressure, air velocity, volumetric flow, and air temperature Pitot tube anemometers involve use of the microprocessor technology for signal processing, which ensures quick and accurate measuring results Pitot tube anemometers are available in two types i.e. portable and fixed When not in use, a pitot tube anemometer should be placed in dry conditions and be protected
More Releases for Wound
Global Moist Wound Dressings Market Research Report
This report studies the global Moist Wound Dressings market status and forecast, categorizes the global Moist Wound Dressings market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, and other regions (India, Southeast Asia). The major manufacturers covered in this report Smith & Nephew Molnlycke Health Care 3M Health Care ConvaTec Coloplast A/S BSN Medical Hartmann
Advanced Wound Care Management Market Report 2018: Segmentation by Product (Mois …
Global Advanced Wound Care Management market research report provides company profile for Smith & Nephew plc, Acelity L.P., Inc., Molnlycke Health Care AB, ConvaTec Inc., B. Braun Melsungen AG, Coloplast A/S, 3M Healthcare, Integra LifeSciences Corporation and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY
Traditional Wound Management Market | MarketResearchReports.biz
Latest industry research report on: Traditional Wound Management Market : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts The global traditional wound management market is expected to reach a market value of US$ 5,746.0 Mn by the end of 2026, expanding at a CAGR of 3.1% during the forecast period (2016-2026). The market is segmented by product type into Bandages, Gauzes, Gauze Sponges, and Sponges. Out of
Wound Closure Products Industry Shares
Injury is a common event in all age groups and varies in severity. Although majority of the injuries are healed without treatment, some injuries such as diabetic foot ulcers and pressure ulcers are difficult to treat. Wound closure can help avoid infection and can accelerate healing. Products used in wound closure include sutures, surgical staples, wound closure strips, adhesives and tissue sealants, and hemostats. Although each of these have their
Wound healing therapy from Ayurveda :
As we all think, healing wounds is indeed a natural process. But in some cases the unhealed wounds pose some serious threats of illness. Chronic ulcers, diabetic ulcers, varicose ulcers, calloused and hypertrophic ulcers are some of the wounds that require special treatments for cure. A friend of mine benefited from Ayurvedic treatment for healing his Ulcerative Colitis. Ayurveda attributes unhealed wounds to weaker immune system and damaged re-building capacity
Global Wound Management Technologies Market
The Wound Management Technologies Market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. Wound refers to a physical injury leading to disruption of normal structure of cells or tissues. Wound management technologies refer to the different technologies that are applied for proper management