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Advanced Wound Care Management Market Players to Open Facilities Worldwide 2016 - 2024

02-21-2018 07:27 AM CET | Health & Medicine

Press release from: TMR Research

Advanced Wound Care Management Market Players to Open

Global Advanced Wound Care Management Market: Overview

The global advanced wound care management market is anticipated to experience substantial growth owing to several research and development based activities taking place through intensive efforts made by well-established competitive players. Several advanced techniques involving healing complex and deep wounds for those affected has now come into the picture, thus offering faster recovery.

The global advanced wound care management is divided into several segments based on product type, wound type, end user type and region. Under product type, the wound dressings segment holds a leading position owing to the high need for treating wounds in hospitals, clinics, and other healthcare centers. The end use criteria is also expected to provide effective and enhanced facilities through hospital inpatient and outpatient settings segments, which are expected to rake in a large revenue during the forecast period.

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The worldwide advanced wound care management market registered a valuation of US$6457.0 mn in 2015. On the basis of extensive research, the same market is prophesized to clock a valuation of US$11161.6 million by the end of forecast period, i.e. until 2014. This growth is anticipated to occur at a healthy CAGR of 6.30%, during the same forecast period.

Global Advanced Wound Care Management Market: Drivers and Trends

From an overall perspective, the growing population of patients showing wound development due to various reasons has contributed towards positive growth in the global advanced wound care management market. Rising cases of illnesses also is another factor that has been significantly increasing the need for wound dressing products to be utilized on a large-scale, thus fueling the relevant market. Various chronic illnesses such as leg ulcers, diabetes, hemophilia, and others, may cause a frequent need for wound care dressings, thus contributing towards betterment of the market. A surge in the number of accidents has been recorded all over the globe, especially in high population economies, and nations where haphazard traffic rules exist. Accidents may cause extensive bodily damage to the victims, thus causing a great need for wound care management products. In terms of business growth, several companies are broadening the scope of their product portfolio, thus generating an interest in the product generation industry, ultimately providing tailwind to the advanced wound care management market.

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Global Advanced Wound Care Management Market: Geographical Outlook

The global advanced wound care management market is divided into five key regional segments: Europe, North America, Latin America, Middle East and Africa, and Asia Pacific. Among these, North America held leading market shares in 2015, thus achieving the ranking of chief regional segment. Impressive growth is also expected to continue in this region in future, owing to rising cases of accidents and injuries over here. Increasing efforts made to improve treatments for identification of pathogens is also highly contributing towards a healthy growth in North America. Apart from this region, even Europe is expected to show a handsome rise in sales of products that are required for wound treatment processes.

Global Advanced Wound Care Management Market: Competitive Landscape

Regarding the vendor landscape, the global advanced wound care management market has a consolidated competitive scenario. In this context, Acelity L.P. Inc., Molnlycke Health Care, ConvaTec Group plc., and Smith and Nephew plc, are four key players that had registered a total market share of around 65.0% in 2015. The vendor landscape is majorly characterized by rapid investments made by the players for research and development activities. Apart from the main players, Coloplast A/S, Medtronic, B. Braun Melsungen AG, 3M, Organogenesis, Inc., BSN medical GmbH, and Medline Industries, Inc., are few other businesses operating in the global advanced wound care management market.

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About Us

TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.

Our savvy custom-built reports span a gamut of industries such as pharmaceuticals, chemicals and metals, food and beverages, and technology and media, among others. With actionable insights uncovered through in-depth research of the market, we try to bring about game-changing success for our clients.

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