Wound Care Market 2020 Company Profiles, Size, Share and Market Intelligence Forecast to 2027

Wound Care Market Insight

Market Research Future (MRFR) studied the wound care market 2020 through the study period 2016 to 2027. The wound care market can expand at lucrative CAGR in the review period and can value above USD 29,900 Mn by 2027. The increase in cases of chronic wound conditions, such as venous ulcers, arterial ulcers, and diabetic ulcers, requires effective solutions for restoring capabilities of the body. The need to improve the quality of life from unhealed wounds to curb risk of infections and complications can promote the wound care market expansion through the study period. The increase in demand for easy and septic-free surgical recovery and disease management can also promote the wound care market.

Wound Care Market Segmentation

The market for wound care is segmented on the basis of product, type, application, and end-user.

The wound care market, by product, has been segmented into advanced wound management products, wound therapy devices, traditional wound care products, wound care products, and active wound care products. Among these, the advanced wound management products segment will be noting a high surge in terms of global demand as it ensures faster healing, mitigating the possibility of infection.

The types of wound care in the market include chronic wound and acute wound. The chronic wound segment is set to acquire the largest share of the total market, accounting for 60.3% market share, in 2016. The segment will be most likely retaining the substantial share it has amassed, over the next few years.

Application-dependent segments in the global wound care market are surgical wound, ulcer, burn, trauma wounds, and others. Here, the surgical wound segment is forecasted to note a massive surge in demand, reaching the value of over USD 10 Mn by the end of 2027.

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The end-users in the global wound care market are hospitals, clinics, home health care, trauma centers, and others, wherein the hospitals segment amassed the most substantial share of the market in 2016. The segment is postulated to retain its lead, clocking in a CAGR of over 6% during the forecast period.

Wound Care Market Regional Analysis

Americas, APAC, the Middle East & Africa, and Europe are assessed for the regional progress of the global wound care market.

In the Americas, the wound care market is expected to secure the largest share of the worldwide overall market by the end of the analysis period. The wound care market is poised to touch value of nearly USD 16 Mn by 2027, exceeding USD 8,621.4 Mn in 2016. Developments in wound care products and their popularity among the expanding geriatric population base can also promote the wound care market in the assessment period. In addition, the increase in cases of diabetics can also promote America wound care market expansion. Recently, an increase in cases of successful ulcer management in the United States are reported due to the availability of effective technology base in the region. Thus, the US is likely to lead the regional wound care market across the study period.

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In Asia Pacific, the wound care market is likely to exhibit a relatively higher CAGR across the market assessment period. The region is observed to hold numerous growth opportunities that can positively impact the global wound care market through the review period. In Europe, the wound care market can thrive in the approaching years as technical upgradations in medical infrastructure are observed.

Wound Care Market Competitive Dashboard

3M, Kinetic Concepts Inc, Baxter, Ethicon, ConvaTec, B. Braun Melsungen AG Inc, and Smith & Nephew are some reputed companies in the wound care market that are listed by MRFR.

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