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Advanced Wound Care Market To Reach USD 14.89 Billion By 2026 | Smith & Nephew, Mölnlycke Health Care, B. Braun, ConvaTec Group www.reportsanddata.com sales@reportsanddata.com
Market Summary The growth of the market is driven by the increasing incidences of diabetes and its prevalence, increasing geriatric population and increasing wound ulcer prevalence. Market Size – USD 10.34 Billion in 2018, Market Growth - CAGR of 4.5%, Market Trends –Rising geriatric population base at high risk of chronic wounds will support demand for advanced wound care products..
Our Approach Market Summary The market is primarily driven by increasing diabetes incidence and prevalence, increasing geriatric population, increasing wound ulcer prevalence, advancing technology in advanced wound care products, increased funding for wound care research, and increasing awareness programs on wound management. Rising geriatric population base at high risk of chronic wounds will support the demand for advanced wound care products. The rising pool of patients suffering from chronic injuries causes significant cost burdens on healthcare systems worldwide. It is predicted that the existing and rising cost burden of these chronic wounds will drive investment in advance wound care technology that will have a significant positive impact on the growth of industry. However, prohibitive costs of advance wound care products, which often undermine affordability of treatment, will in the foreseeable future hinder industry growth. Request for a sample of this research report @ https://www.reportsanddata.com/sample-enquiry-form/1332
Our Approach Market Summary Further key findings from the report suggest The Advanced Wound Care Market is forecasted to grow from USD 10.34 Billion in 2018 to USD 14.89 Billion by 2026, at a CAGR of 4.5% during the forecast period. The market is primarily driven by increasing diabetes incidence and prevalence, increasing geriatric population, increasing wound ulcer prevalence, advancing technology in advanced wound care products, increased funding for wound care research, and increasing awareness programs on wound management. The market for hospitals and clinics is expected to grow the largest at USD 9.68 Billion in 2026, at a CAGR of 4.7% during the forecast period. Increasing hospital admissions due to chronic wounds (such as pressure ulcer, diabetic foot, and venous leg ulcer) and increased incidence of hospital-acquired pressure ulcer are key market drivers for this end-user segment's growth. Furthermore, extended hospital stays of diabetes patients in this end-user segment further increases demand for advanced wound care products. To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/advanced-wound-care-market
Our Approach Market Summary Key participants Smith & Nephew (UK), Mölnlycke Health Care (Sweden), B. Braun (Germany), ConvaTec Group (UK), Coloplast (Denmark), Integra LifeSciences (US), 3M (US), Cardinal Health (US), Acelity L.P. (US), Medtronic (Ireland), Paul HARTMANN (Germany), Medline Industries (US), Advanced Medical Solutions Group (UK), BSN medical GmbH (Germany), MiMedx Group, Inc. (UK) and others.. For the purpose of this study, Reports and Data have segmented the market on the basis of product type, wound type, end user and regional analysis. Product Type (Revenue, USD Million; 2016-2026) Moist Wound Dressings Foam Hydrocolloid Film Alginate Hydrogel Collagen
Our Approach Market Summary Wound Type (Revenue, USD Million; 2016-2026) Surgical Wounds Ulcers Pressure Ulcers Diabetic Foot Ulcers Venous Ulcers Burns Traumatic Wounds Other Wounds End User (Revenue, USD Million; 2016-2026) Hospitals and Clinics Home Care Settings Other End Users Order Now: https://www.reportsanddata.com/checkout-form/1332
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