Advanced Wound Care Market to be Dominated by Hospital Through 2028
Increasing demand
for target therapy along with the rising incidence of chronic diseases is
driving the growth of the market in the forecast period, 2024-2028.
According to the TechSci
Research report, “Advanced Wound Care Market - Global Industry Size,
Share, Trends, Opportunity, and Forecast, 2018-2028”, The Global Advanced Wound
Care Market is projected to increase at an impressive rate in the forecast period,
2024-2028. Over the projection period, it is anticipated that the global market
for advanced wound care is expected to grow rapidly. Over the past ten years,
chronic wounds have spread more widely due to global increases in the ageing
population, the incidence of diabetes, and obesity. Obesity and diabetes
increased the frequency of wounds and their treatment-required consequences, such
as ulcers, surgical wounds, and infections. As a result, enhanced wound care is
anticipated to be introduced to the market.
On the
other hand, the high price of modern wound care products would restrain market
expansion. The market for advanced wound care will face significant challenges
from dangers associated with using these treatments and a lack of
understanding. Moreover, the market for advanced wound care will face
significant challenges from dangers associated with using these treatments and
a lack of understanding. However, over the projected period of 2022–2029, the
COVID-19 epidemic and increased rivalry from other businesses would function as
a restraint and further hinder the growth rate of the market.
Browse over XX market
data Figures spread through XX Pages and an in-depth TOC on the "Advanced Wound Care Market”
The global Advanced
Wound Care market is segmented based on product, wound type, and end-use.
Based on product,
the market is categorized into dressings, grafts & matrices, topical
agents, and others. The dressings category is expected to increase at a higher
CAGR than other cancer types in colorectal cancer. This is due to increasing
patient awareness along with patient education, and the occurrence of Healthcare-Associated
Infections.
Based on wound
type, the market is divided into acute wound and chronic wound.
The acute wounds category dominated the market for advanced
wound care in 2021, accounting for highest revenue share. The main driver of
the market is the rise in diverse traumatic wounds, like those caused by auto
accidents.
Based on end-use,
the market is divided into Hospitals & Clinics, Ambulatory Care Centers, and
Homecare. The hospital sector dominated the market for advanced wound care in
2021, accounting for 45.2% of total revenue. An increase in surgical procedures
and a rise in hospital admissions are both responsible for this segment's
growth. For instance, the Australian Institute of Health and Welfare reports a
rise in hospital admissions in Australia.
Major companies operating in
the global Advanced Wound Care market are:
- Abbott Nutrition
- Boston Scientific Corporation
- Amsino International Inc.
- ConMed Corporation
- Moog Inc
- C.R.Bard
- Danone
- Cook Medical
- B. Braun Melsungen AG
- Fresenius SE & Co. KGaA
- Cardinal Health Inc.
Recent Development
AxioBiosolutions have introduced MaxioCel
Cutting-Edge Innovation in advance wound treatment in April 2020. The next
generation of chitosan-based wound dressings exhibits pain relief and scar
enhancement capabilities, accelerating wound healing with maximum comfort.
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“North America acquires the largest market share due to the rising
incidence of Colorectal Cancer diagnoses. Additionally, new product launches
across the region are projected to be the main drivers of growth in the region.
The US dominated the regional market owing to inflated treatment rates, high
prevalence, and the high price of medicines which is expected to drive the
growth of the Advanced Wound Care Market.” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based global management consulting
firm.
“Advanced Wound Care Market-
Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented
By Product (Dressings, Grafts & Matrices, Topical Agents, Others), By Wound
Type (Chronic Wounds, Acute Wounds), By End User (Hospitals & Clinics,
Ambulatory Care Centers, Homecare, By Company and By Region, has evaluated the future growth
potential of global Advanced Wound Care market and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision-makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in the global Advanced Wound Care market.”
Contact
Mr. Ken Mathews
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New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
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