advanced wound care market size was valued at $9,255.70 million in 2019, and is estimated to reach at $15,305.94 million by 2027

20/nov/2020 15:40:31 Automotive Market Research Reports Contatta l'autore

Growth of the global advanced wound care market is attributed to increase in geriatric population and increase in incidences of diabetes, ulcer, obesity, and chronic conditions. Furthermore, surge in awareness related to advanced wound care applications and advantages are some of the factors that contribute to the growth of the market.

The advanced wound care market size was valued at $9,255.70 million in 2019, and is estimated to reach at $15,305.94 million by 2027, registering a CAGR of 11.6% from 2020 to 2027.

COVID-19 scenario:

  • The spread of COVID-19 have caused a major disruption in health care services. As a result, the treatment processes has been interfered due to the redeployment of the doctors for treating Covid-19 patients.
  • The demand for advanced wound care, on the other hand, is anticipated to increase during the pandemic as patients with multiple comorbidities may have an increased risk of getting infected from the corona virus.

The chronic wounds segment to lead the trail through 2027-

Based on application, the chronic wounds segment accounted for the largest share in 2019, holding more than two-thirds of the advanced wound care market, and is expected to maintain the largest share throughout the forecast period. In addition, the segment is expected to register the highest CAGR of 12.1% from 2020 to 2027.

Leading market players-

  • 3M (Acelity Inc.)
  • Adynxx, Inc.
  • B Braun Melsungen AG
  • Coloplast A/S
  • ConvaTec Group plc
  • Essity AB (BSN Medical GmbH)
  • Integra Lifesciences (Derma sciences)
  • Investor AB (M√∂lnlycke Health Care AB)
  • Johnson & Johnson
  • Medline Industries, Inc.
  • Medtronic plc.
  • Organogenesis Holdings Inc.
  • Smith & Nephew Plc.

Based on geography, North America held the major share in 2018, generating nearly two-fifths of the global advanced wound care market.

Development of advanced systems, upsurge in adoption of wound care products for the treatment of chronic & acute wounds, increase in incidence of chronic diseases, and surge in geriatric population have boosted the market in the province. The region across Asia-Pacific, on the other hand, would cite the fastest CAGR of 8.4% throughout the estimated period.

Source: https://www.whatech.com/markets-research/medical/673747-advanced-wound-care-market-latest-industry-trends-competitive-research-growth-at-highest-cagr-of-11-6-by-2027-worth-15-94-million

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