Wound Irrigation Systems Market will Account for Revenues Worth US$ 300 Mn by 2027
Global Market Study on Wound Irrigation Systems: Factors Impacting Revenue Growth of the Global Market
There are various aspects influencing the growth of the global wound irrigation systems market in a positive as well as in a negative manner. Factors such as increasing initiatives by healthcare facilities, availability of improved product lines for wound care, increasing prevalence of chronic wounds and increasing adoption of advanced wound care products are pushing the growth of the global market for wound irrigation systems. Factors such as relatively higher costs associated with advanced wound care products and limited awareness among the rural population are hindering the growth of the global wound irrigation systems market. The market has also witnessed few trends that are likely to define the market’s growth in the coming years. Increasing acceptance of standardised protocols to manage complex wounds and collaborative agreements between manufacturers and channel partners are few of the trends that are contributing to the growth of the global wound irrigation systems market.
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Global Market Study on Wound Irrigation Systems: Forecast Analysis
The global wound irrigation systems market is expected to grow at a slow rate to register a CAGR of 3.0% throughout the period of assessment and reach a valuation of more than US$ 300 Mn by the end of the year of assessment from a value of about US$ 230 Mn in 2017.
Global Market Study on Wound Irrigation Systems: Segmental Snapshot
The global wound irrigation systems market is segmented by product type, by wound type, by end user and by region.
By product type, the battery operated segment is the largest with a high market valuation. The manually operated segment, however, is gaining traction and is poised to grow at a comparatively high CAGR throughout the period of forecast
By wound type, the chronic wounds segment is projected to grow at a high CAGR of 3.5% during the forecast period. The acute wounds segment is likely to dominate the global market
By end user, the home care centres segment is expected to grow at the fastest pace to reach a CAGR of 4.7% during the forecast period
By region, North America is anticipated to radiate high market attractiveness throughout the forecast period. The wound irrigation systems market in Asia Pacific excluding Japan is projected to grow at a comparatively high rate during 2017-2027
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Global Market Study on Wound Irrigation Systems: Competitive Scenario
The research report on the global wound irrigation systems market covers in-depth analysis on various key players participating in the market. Company overview, SWOT analysis, product portfolio, key developments and various growth strategies of major companies such as Zimmer Biomet, Stryker Corporation, Centurion Medical Products, BSN Medical, Cooper Surgical Inc., C. R. Bard, Inc., Medtronic Plc., Bionix, and Westmed, Inc.
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