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Hong Kong Wound Care Market Outlook and Opportunities in Grooming Regions

People aged 65 or above have steadily risen in Hong Kong, from 0.46 million in 1988 to 1.27 million in 2018, as per government sources. The rising geriatric population is one of the key factors fuelling the demand for wound care products in the metropolis. This is mainly due to the fact that the elderly are more vulnerable to various chronic diseases, such as cancer, cardiovascular diseases, and neurological disorders. In addition to this, the whole process of wound healing takes more time in the geriatric population, due to the slower collagen production in their bodies and the reduced elasticity of their skin.

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Hong Kong Wound Care Market Outlook and Opportunities in Grooming Regions

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  1. Medical Devices Hong Kong Wound Care Market Is Projected to Generate $80.7 Million by 2030 © P&S Intelligence. All rights reserved Page 1

  2. What are Key Factors Fuelling Surge of Hong Kong Wound Care Market? People aged 65 or above have steadily risen in Hong Kong, from 0.46 million in 1988 to 1.27 million in 2018, as per government sources. The rising geriatric population is one of the key factors fuelling the demand for wound care products in the metropolis. This is mainly due to the fact that the elderly are more vulnerable to various chronic diseases, such as cancer, cardiovascular diseases, and neurological disorders. In addition to this, the whole process of wound healing takes more time in the geriatric population, due to the slower collagen production in their bodies and the reduced elasticity of their skin. Receive Sample Copy of this Report:https://www.psmarketresearch.com/market-analysis/hong-kong- wound-care-market/report-sample Due to these factors, the Hong Kong wound care market is expected to generate $80.7 million revenue by 2030, witnessing a CAGR of 5.4% during the forecast period (2020–2030). There are two types of wound care products available in the megacity, advanced and traditional. Of these, the advanced wound care products, owing to their ability to induce swift healing with minimal discomfort to patients, are expected to record higher demand in the coming years. Make an Enquiry before Purchase:https://www.psmarketresearch.com/send-enquiry?enquiry- url=hong-kong-wound-care-market In Hong Kong, wound care is provided in hospitals and specialty clinics, long-term care settings, and home healthcare facilities. Amongst these, the highest utilization of wound care products is observed in hospitals and specialty clinics, and the situation would be the same in the coming years. This is ascribed to the fact most of the patients in the city prefer to undergo wound care treatment in hospitals and specialty clinics, as compared to the other healthcare facilities, especially if they are suffering from severe injuries. Those who are able to tend to their wounds themselves or with the help of someone who is not a qualified medical practitioner can purchase wound care products at pharmacies or through various online platforms. Of these, pharmacies are expected to register faster growth, in terms of the sale of such products, during the forecast period. This is primarily attributed to the easier availability and reliability of the wound care products sold at pharmacies, as compared to those available on various online channels. © P&S Intelligence. All rights reserved Page 2

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