+1-888-308-5802     
News Contact Us

Advanced Wound Care Market predicted to be worth $13 Billion inside 6 years

Author : Rahul Sankrityayan | Published Date : 2019-03-18 

Global Advanced Wound Care Market is set to exceed USD 13 billion by 2024; according to a new research report by Global Market Insights. Technological advancements in advanced wound care industry leading to the development of better and innovative wound care products with enhanced effectiveness, rapid healing time, and no side effects will drive the industry growth over forecast period. Increasing awareness pertaining to the availability and advantages of these technologically superior products especially in developing regions will further support advanced wound care market growth over the forecast timeframe.

Request for a sample of this research report @ www.gminsights.com/request-sample/detail/2871

Rising geriatric population base that are at high risk of developing chronic wounds will support the demand of advanced wound care products. Rising patient pool suffering from chronic wounds causes significant cost burden on healthcare systems across the globe. The existing and rising cost burden of these chronic wounds is predicted to drive the investments in advance wound care technology rendering significant positive impact on industry growth. However, prohibitive cost of advance wound care products that often undermines treatment affordability will impede the industry growth in foreseeable future.

Speaking of wound healing, it has been speculated that slow healing wounds constitute one of the most dreaded and common complications of diabetes. In the United States alone, around 15 percent of diabetic patients are estimated to get one at some point in their life, with caring costs accounting for $20 billion every year, excluding an estimation of 2 million workdays that are lost due to foot wounds that won’t heal.

Considering the major drawbacks of diabetic wounds, doctors are consistently focused on developing advanced wound care methods, specifically a slew of wound therapy devices and wound dressings, so they don’t lead to severe treatments like limb amputations. Additionally, with technological advancements in wound care, there have lately been fewer cases of amputations. For instance, a study conducted in 2012 stated that the rate of leg and foot amputations among adults affected by diabetes in the U.S. decreased by 65 percent from 1996 to 2008.

Wound dressings, encompassing myriad dressing techniques such as hydrogel dressings, foam dressings, antimicrobial dressings, and the like, form a pivotal part of the product landscape of advanced wound care market. This is primarily on account of the plethora of dressing styles available that can be individually scrutinized and used for numerous types of wounds such as venous ulcers, open wounds, burns, stalled wounds, necrotic wounds, and broken skin. Apparently, in 2017, would dressing held the highest proportion of the advanced wound care market share.

Of late, advanced wound dressings like trauma hydrocolloidal dressings are used to promote oxygen circulation in and around the wound, speeding up wound healing. Other types such as hydrocolloidal dressings that are not just latex free but also biocompatible with the patient’s body are also being deployed extensively. Powered by the massive variety of advanced dressings available and the incredible benefits delivered by these dressings for wound healing, advanced wound care market size from wound dressings is anticipated to depict a CAGR of 4.8% over 2018-2024.

Make an inquiry for purchasing this report @ www.gminsights.com/inquiry-before-buying/2871

U.S. advanced wound care market accounted for USD 3.7 billion in 2018 and is estimated to show lucrative growth over the forecast period due to rising number of surgical procedures and high awareness about wound care. Increasing incidences of chronic diseases such as diabetes and consequent foot ulcers will drive the regional demand. Unhealthy eating habits, sedentary lifestyle further expected to boost prevalence of chronic diseases rendering positive impact on industry growth in coming years.
 
Some of the prominent players involved in advanced wound care market are Medtronic, Smith and Nephew, 3M, Derma Sciences, Acelity, Mölnlycke, Integra LifeSciences Corporation, Organogenesis, MPM Medical, Human Biosciences, Hollister Incorporated, Beiersdorf global, HARTMANN International, and Medline Industries. These firms are adopting strategies like mergers and acquisitions, geographical expansion and new product launch to reap benefits in advanced wound care industry. For instance, in February 2018, Johnson & Johnson acquired Abbott Medical Optics. This acquisition will strengthen the company’s market presence and broaden its product portfolio for long-term growth in future.

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

Related News

Bioimplants Market drivers of growth analyzed in a new research report

Published Date: 2019-08-14         Author: Rahul Sankrityayan

Bioimplants Market size is projected to experience significant growth from 2019 to 2025. Growing prevalence of chronic diseases will significantly impel the bioimplants market growth in forthcoming years. Cardiovascular diseases, cancer, chronic pulmonary diseases and diabetes mellitus are most comm... Read More

Insights into Orthopedic Power Tools Market and it’s growth outlook

Published Date: 2019-08-14         Author: Rahul Sankrityayan

Orthopedic Power Tools Market size is projected to experience significant growth from 2019 to 2025. The instruments and accessories used for cutting, shaping, fixating and dissecting bone are called as orthopedic power tools. They are also utilized for fragmenting, emulsifying and aspirating soft ti... Read More

Hydropower Turbine Market to grow at 9% CAGR by 2025

Published Date: 2019-08-14         Author: Rahul Sankrityayan

Global Market Insights recently introduced report on Hydropower Turbine Market report is an in-depth study providing complete analysis of the industry for the period 2018 to 2024. It provides complete overview of the industry considering all the major industry trends, market dynamics and competitive... Read More

© 2019 Fractovia. All Rights Reserved