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Advanced Wound Care Market Grow At A Significant Rate Throughout The Forecast Period

Advanced Wound Care Market (AWC Market) Report, published by Allied Market Research, forecasts that the global market is expected to garner $12,454 million by 2022, registering a CAGR of 8.3% during the period 2016-2022.Active wound care is projected to be the dominant segment by 2022. North America is estimated to maintain its lead position throughout the forecast period with around two-fifths share in 2015.

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Advanced Wound Care Market Grow At A Significant Rate Throughout The Forecast Period

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  1. Advanced Wound Care Market  Global Opportunity Analysis and Industry Forecast, 2014 to 2022

  2. Advanced Wound Care Market (AWC Market) was valued at $7,117 million, and is expected to reach $12,454 million by 2022, supported by a CAGR of 8.3%. Advanced wound care products and traditional wound care products are used to treat acute and chronic wounds. Chronic wounds take considerable time to heal and are expensive to treat. Due to its high cost, advanced wound care has emerged as a standard solution for treating chronic wounds. Advanced wound care products are gradually replacing the traditional wound care products due to their efficacy and effectiveness in managing wounds by enabling faster healing.

  3. Advancements in wound care technologies have ignited the growth in wound closure market. The prevalence of lifestyle diseases and their widespread influence would intensify the need for advanced wound care surgeries. The witnessed growth due to lifestyle diseases would prevail in the future, as rising incidences of traumatic cases are registered more frequently than ever. Adoption in surgical sealants and haemostat technologies has ignited the need for wound care service providers. • Advanced wound care products market would dominate the wound care sector in the future. The highly favored reimbursement policies would further add fuel to the growth of the wound care products market. Insurance companies in most of the developing economics are contributing positively with reimbursements policies that are highly favorable towards the patients. Value chain scenario of the market is balanced and in control due to mutual understanding between intermediaries.

  4. Key findings of the Advanced Wound Care Market: • Therapy device was the leading segment in 2015, and is projected to grow at a CAGR of 4.3% during the forecast period. • The active wound care segment is estimated to grow at a CAGR of 20.6%. • The chronic wounds application segment is expected to grow at the fastest CAGR of 8.8%. • Community center segment is projected to grow at a CAGR of 11.1% in the Asia-Pacific region. • U.S. was the largest country in 2015, and is projected to maintain its lead position until 2022. • China and Japan are the major shareholders, jointly accounting for almost two-fifths share of the Asia-Pacific market, in 2015.

  5. Key players: •  3M Company, • Smith & Nephew plc • Coloplast A/S, Medtronic plc • Acelity L.P. Inc., ConvaTec Healthcare B S.à.r.l. • Mölnlycke Health Care AB

  6. Advanced Wound Care Market by Product Type (Infection Management, Exudate Management, Active Wound Care, Therapy Devices), Application (Chronic Wounds and Acute Wounds), End User (Hospitals and Community Centers) - Global Opportunity Analysis and Industry Forecast, 2014 - 2022

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