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Global Wound Care Market Size Worth USD 15.68 Billion at 6.0% CAGR; Rising Prevalence of Acute and Chronic Diseases to Propel Growth: Fortune Business Insights™

Pune, India, Jan. 19, 2021 (GLOBE NEWSWIRE) -- The global wound care market size is projected to showcase significant progress and earn USD 24.55 billion by 2027. This is accountable to the increasing prevalence of chronic diseases such as diabetes, blood pressure, and the wounds that result from them, such as diabetic foot ulcers and pressure ulcers. Wound care is used for injuries that are unable to heal by themselves.

If untreated, they may result in severe consequences, such as mobility issues, decreased elasticity of blood vessels, and others. A recent report by Fortune Business Insights offers an elaborative overview of the market. According to this report, the market value stood at USD 15.68 billion in 2019 and is likely to exhibit a CAGR of 6.0% between 2020 to 2027.


Request a Sample Copy of the Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/wound-care-market-103268


Increasing Popularity of Bioactive Therapy to Add Impetus to Market

The rising prevalence of acute and chronic diseases such as diabetic foot ulcers, pressure ulcers, and others are some of the key factors promoting this market growth. This, coupled with the advent and adoption of technologically advanced wound care products, will also add impetus to the market. Additionally, continuous research and development, as well as increasing investments in the launch of advanced wound care products are likely to bolster growth in the coming years.

On the contrary, high treatment costs and the presence of limited or no reimbursement policies, especially in the underdeveloped nations, may challenge the growth of the market. Nevertheless, the advent of bioactive therapy for treating chronic wounds is expected to create a lucrative growth opportunity for the market in the coming years.

The worldwide pandemic of COVID-19 has shaken the world economy. Most businesses are at a halt, import-export is not possible, and the entire world is hoping to come out of this situation. With government support and necessary measures, we soon hope to overcome this situation and step into a better tomorrow. We, at Fortune Business Insights, are offering special reports on various markets impacted by the coronavirus pandemic and its future objectives. These reports will help investors study the market thoroughly and accordingly chalk out business strategies for generating future revenues.


Click here to get the short-term and long-term impacts of COVID-19 on this Market.
Please visit: https://www.fortunebusinessinsights.com/wound-care-market-103268


North America is Holding Dominance on Account of Well-established Healthcare Infrastructure

North America earned a revenue of USD 6.09 billion in 2019 and emerged dominant, followed by Europe. This is on account of the increasing prevalence of acute and chronic wounds. This coupled with the presence of well-established healthcare infrastructure and facilities, as well as favorable reimbursement policies by the governments of developed nations are likely to aid in the expansion of the regional market.

On the other side, the market in Asia Pacific is likely to exhibit rapid growth in the coming years on account of the increasing prevalence of acute and chronic diseases as a result of the rising patient population and improving healthcare and medical infrastructure.

Companies Investing in Launch of Technologically Advanced Products for Gaining Competitive Edge

The nature of the market is fragmented due to the presence of key players of all sizes. The key players functioning in this global market are investing heavily in the research, development, and launch of technologically advanced products that will help them to gain a strategic position. Others are engaging in mergers and acquisitions, contracts and agreements, and joint ventures to hold a vital position in the market and gather high revenue.


Quick Buy -  Wound Care Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/103268


Major Industry Developments of the Market Include:

November 2019 – DermGEN was launched for regenerative medicine (RegenMed) by Lake Superior Centre. This is an acellular dermal matrix for the healing of wounds.

February 2019 – MaxioCel, a dressing for wound care made of chitosan, was launched by Axio Biosolutions, offering quick healing and comfort to patients with chronic wounds such as diabetic foot ulcers, pressure ulcers, and others.


As per a report by Fortune Business Insights™, some of the significant players in the market are as follows:

  • Johnson & Johnson Services, Inc.
  • Smith & Nephew
  • Coloplast Corp
  • Cardinal Health
  • ConvaTec Inc.
  • Medtronic
  • 3M
  • BSN Medical (Essity)
  • PAUL HARTMANN AG
  • Other players


Have Any Query? Ask Our Experts: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/wound-care-market-103268


Table of Contents:

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  • Key Insights
    • Impact of COVID-19 Outbreak on Wound Care Market
    • Key Market Players – Analyzing the Impact of COVID-19
    • Prevalence of Diabetes Foot Ulcer By Key Countries, 2019
    • New Product Launches, Key Market Players
    • Key Industry Developments (Mergers, Acquisitions, etc.)
  • Global Wound Care Market Analysis, Insights and Forecast, 2016-2027
    • Key Findings / Summary
    • Market Analysis, Insights and Forecast – By Type
      • Advanced Wound Dressing
      • Traditional Wound Care Products
      • Negative Pressure Wound Therapy
      • Bioactives
      • Others
    • Market Analysis, Insights and Forecast – By Application
      • Chronic Wounds
      • Acute Wounds
    • Market Analysis, Insights and Forecast – By End User
      • Hospitals
      • Clinics
      • Homecare Settings
      • Others
    • Market Analysis, Insights and Forecast – By Region
      • North America
      • Europe
      • Asia Pacific
      • Latin America
      • Middle East & Africa
  • North America Wound Care Market Analysis, Insights and Forecast, 2016-2027
    • Key Findings / Summary
    • Market Analysis – By Type
      • Advanced Wound Dressing
      • Traditional Wound Care Products
      • Negative Pressure Wound Therapy
      • Bioactives
      • Others
    • Market Analysis – By Application
      • Chronic Wounds
      • Acute Wounds
    • Market Analysis – By End User
      • Hospitals
      • Clinics
      • Homecare Settings
      • Others
    • Market Analysis – By Country
      • U.S.
      • Canada


TOC Continued….!


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Segmentations:

By Type

•              Advanced Wound Dressing

•              Traditional Wound Care Products

•              Negative Pressure Wound Therapy

•              Bioactives

•              Others

By Application

•              Chronic Wounds

•              Acute Wounds

By End User

•              Hospitals

•              Clinics

•              Homecare Settings

•              Others

By Geography

•              North America (the U.S. and Canada)

•              Europe (Germany, U.K., France, Italy, Spain, Scandinavia, and the Rest of Europe)

•              Asia-Pacific (China, Japan, India, Australia & New Zealand, Southeast Asia, and the Rest of Asia-Pacific)

•              Latin America (Brazil, Mexico, and the Rest of Latin America)

•              The Middle East & Africa (South Africa, GCC Countries, and the Rest of the Middle East & Africa)


SECONDARY RESEARCH IS CONDUCTED TO DERIVE THE FOLLOWING INFORMATION:

  • Details such as revenues, market share, strategies, growth rate, product & their pricing by region/country for all major companies
  • Details in relation to prevalence, incidence, patient numbers, distribution of patients, average price of treatment, etc.
  • Number of end user facilities by region/country and average annual spending or procurement of devices by type of end user facility
  • Number of procedures and average price of procedures
  • Replacement rate and pricing of capital equipment
  • Market dynamics in relation to the market under focus – Drivers, restraints, trends, and opportunities
  • Market & technological trends, new product developments, product pipeline.


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About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.


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Press Release: https://www.fortunebusinessinsights.com/press-release/global-wound-care-market-10083


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