Kenneth Research recently added a report on ‘Wound Care Market’ in its database of market research reports which provides its readers an in-depth analysis on the latest trends, growth opportunities and growth drivers that are associated with the growth of the market. The report additionally shares critical insights on the COVID-19 impacts on the Wound Care Market, along with the compound growth rate (CAGR) of the market for a projected period between 2021 2025. The report also includes analysis of the market by utilizing different analytical tools, such as PESTEL analysis and Porter’s five forces analysis. These tools also provide an in-depth analysis on the micro and macro-environmental factors that are associated with the growth of the market during the forecast period.
The global Wound Care Market was valued at USD 17.11 billion in 2016 and is projected to reach USD 22.33 billion by 2025, growing at a CAGR of 3% from 2017 to 2025.
Wound Care market covers a large number of medicinal products and devices which are used to treat septic wounds as well as injuries efficiently. The injuries can be accidental or due to some disease or metabolic malfunction like diabetes. With increase in older age group population and sport injuries, the market is currently seeing growing trends in its value.
The Final Report will cover the impact analysis of COVID-19 on this industry:
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1. Market Drivers
1.1 Increasing Cases of Diabetes
1.2 Growingtechnical support in wound care
1.3 Increase in funds in wound care
1.4 Awareness programs and seminars
2. Market Restraints
2.1 High Cost associated with wound care products
1. Global Wound Care Market, by Wound Type:
1.1 Chronic Wounds
1.1.1 Diabetic Foot Ulcers (DFUS)
1.1.2 Pressure Ulcers
1.1.3 Venous Leg Ulcers
1.1.4 Other Chronic Wounds
1.2 Acute Wounds
1.2.1 Surgical & Traumatic Wounds
2. Global Wound Care Market, by Products:
2.1 Advanced wound management products
2.1.1 Advanced Wound Dressings
18.104.22.168 Foam Dressings
22.214.171.124 Hydrocolloid Dressings
126.96.36.199 Film Dressings
188.8.131.52 Alginate Dressings
184.108.40.206 Hydrogel Dressings
220.127.116.11 Collagen Dressings
18.104.22.168 Other Advanced Dressings
2.1.2 Wound Therapy Devices
22.214.171.124 Pressure Relief Devices
126.96.36.199 Negative Pressure Wound Therapy (NPWT) Systems
188.8.131.52 Oxygen and Hyperbaric Oxygen Equipment
184.108.40.206 Electrical Stimulation Devices
2.1.3 Active Wound Care Products
220.127.116.11 Artificial Skin and Skin Substitutes
18.104.22.168 Topical Agents
2.2 Surgical Wound Care Products
2.2.1 Sutures and Staples
2.2.2 Tissue Adhesives, Sealants, and Glues
22.214.171.124 Fibrin-Based Sealants
126.96.36.199 Collagen-Based Sealants
188.8.131.52 Synthetic Adhesives/Glues
2.2.3 Anti-Infective Dressings
2.3 Traditional Wound Care Products
2.3.1 Medical Tapes
2.3.3 Cleansing Agents
3. Global Wound Care Market, by End User:
3.1 Hospitals & Specialty Wound Care Clinics
3.2 Inpatient Settings
3.3 Outpatient Settings
3.4 Long-Term Care Facilities
3.5 Home Healthcare
4. Global Wound Care Market, by Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
1. Smith & Nephew PLC
2. MÃ¶lnlycke Health Care AB (A Subsidiary of Investor AB)
3. Acelity L.P. Inc.
4. Convatec Group PLC
5. Ethicon Inc. (Subsidary of Johnson & Johnson)
6. Baxter International Inc.
7. Coloplast A/S
8. Medtronic PLC
9. 3M Company
10. Derma Sciences, Inc. (Integra Lifesciences Holdings Corporation)
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Wound Care Marketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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