Wilmington, Delaware, United States, March 23, 2017 (GLOBE NEWSWIRE) -- The report “ 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) ”, available on MarketIntelReports, estimates that the Asia-Pacific region is expected to register the highest CAGR of 10.4% till the end of the forecast period.
Browse numerous Market Tables as well as Figures which are spread through 123 Pages and an in-depth TOC on the “ Advanced Wound Care Market 2016 - 2022 ” http://www.marketintelreports.com/report/LI16...ty-centers
Scope & Regional Forecast of the Advanced Wound Care Market
Traditional wound care and advanced wound care products are used to treat acute and chronic wounds. Chronic wounds take substantial time to heal and are expensive to treat. Advanced wound care has emerged as a standard solution for treating chronic wounds. Traditional wound care products are being substituted by advanced wound care products due to their efficacy and effectiveness in managing wounds by enabling faster healing.
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The world advanced wound care market was valued at $7,117 million in 2015 and is expected to reach $12,454 million, growing at a CAGR of 8.3% during 2016-2022. Market growth is attributed to the rapid increase in the incidence of chronic diseases such as diabetes, changing lifestyle factors, and attempts to reduce the duration of hospital stays to limit the surgical costs. In addition, the demand for advanced wound care market is driven by favorable reimbursement scenario, increasing healthcare expenditure by the government, and rising inclination towards products that enhance therapeutic outcomes. However, high cost of advanced wound care products coupled with low awareness, especially in underdeveloped countries such as Nigeria, Afghanistan, and Bhutan, are expected to restrain the market growth.
North America was the leading revenue-generating region, whereas Asia-Pacific is projected to grow at the highest CAGR of 10.4%, owing to growing demand for advanced wound care products, rising geriatric population, and increasing unmet medical needs.
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Prominent Segmentations Involved in the Advanced Wound Care Market
The Advanced Wound Care Market can be broken down into various segmentations on the basis of -
- Product Type : Infection Management, Exudate Management, Active Wound Care and Therapy Devices.
- Application : Chronic Wound Care (Pressure Ulcers, Diabetic Foot Ulcers, Venous Leg Ulcers, Arterial Ulcers) and Acute Wound Care (Burns & Trauma and Surgical Wounds).
- End User : Hospitals and Community Centers.
- Geographical Location : North America, Asia-Pacific, Europe and LAMEA.
Some of the sample companies profiled in the Advanced Wound Care Market report are as follows :
- 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 (a subsidiary of INVESTOR AB)
- BSN Medical GmbH
- Alliqua BioMedical, Inc.
Why buy this report?
- Get a detailed picture of the Advanced Wound Care Market.
- Pinpoint growth sectors and identify factors driving change.
- Understand the competitive environment, the market’s major players and leading brands.
- A five-year forecast method is used in order to assess how the market is predicted to develop.
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