Wound Management Devices Market by product, application, and end user:
Opportunity Analysis and Industry Forecast, 2019–2026, the global wound management devices market size
is expected to reach $18.8 billion by 2026, registering a CAGR of 4.3% from
2019 to 2026, in terms of value. Wounds are one of the most common afflictions
that affect billions of people worldwide. Wounds can be classified into acute
and chronic based on the severity. Acute wounds are often recovered by natural
healing process whereas chronic wounds are hard to heal due to complications
from cardiovascular diseases (CVD), obesity, diabetes, and other lifestyle
diseases.
Request
Sample Report: https://www.alliedmarketresearch.com/request-sample/6637
Increasing geriatric population across the globe, need for fast
acting wound closure devices for prevention of blood loss during surgeries, and
rise in number of people suffering from chronic wounds and ulcers due to
various diseases such as diabetes and CVDs primarily drives the market growth.
In addition, technological advancements in wound healing procedures adopted by
hospitals and clinics are further expected to boost the market growth. However,
higher cost of treatments involved in wound management techniques is
anticipated to restrain the market globally. Moreover, lack of proper
reimbursement policies in developing countries also hamper the growth of the
wound management devices market. However, introduction of novel therapies for
wound healing and growing number of therapy approvals such as negative pressure
wound therapies and extra corporeal shock wave therapies, create newer
opportunities for the growth of the market.
Moreover, growing geriatric population along with chronic diseases
and rise in awareness regarding wound management devices through medical
tourism programs in the region are anticipated to propel the market growth in
this region. Asia-Pacific is anticipated to grow at the highest growth rate
during the forecast period due to large pool of population with unmet medical
needs and changes in lifestyle. The growth is mainly attributed to the attempts
of reducing surgical costs by minimizing the duration of hospital stays. Furthermore,
developing countries such as China and India are expected to fuel the wound
management devices market growth, owing to increasing incidences of diseases
such as obesity and diabetes.
Key Findings Of The
Study
- North America occupied 44.88%the global wound management devices market sharein 2018.
- By application, diabetic foot ulcers segment is anticipated to grow with the highest CAGR throughout the forecast period.
- The hospitals segment is anticipated to grow at the 4.2% during the analysis period.
Leading Market Players:
Comprehensive competitive analysis and profiles of major market players
such as Baxter International Inc., Coloplast A/S, ConvaTec Inc., Derma Sciences
Inc., Hollister Inc., Johnson & Johnson, 3M Company, Medtronic Plc.,
Mölnlycke Health Care, and Smith & Nephew have been provided in this
report.
0 Comments