Wound Biologics Global Market Analysis: Trends And Future Prospects 2018-2024Posted by Kavita on August 6th, 2019 Bharat Book Bureau Provides the Trending Market Research Report on “Global Wound Biologics Market Report 2018-2024” under Medical Devices Category. The report provides information on industry overview, market size, latest developments, industry trends, Key Manufacturers, global presence,device to communicate and their future prospects. Global Wound Care Solutions Market – Drivers, Restraints, Opportunities, Trends, and Forecast up to 2025 This market research report includes a detailed segmentation of the global wound care solutions market by product type (advanced wound care [foam, alginate, hydrogel, NPWT, active], traditional wound care [surgical sutures, wound closure strips, staples, ligating clips, adhesives & sealants, hemostats, dressings]); by wound type (chronic wound, acute wound); and by region (North America, Europe, Asia Pacific, Rest of the World) Overview of the Global Wound Care Solutions Market Request a Free Sample Copy of Wound Biologics Market Report @ The Market research report predicts that the “Global Wound Care Solutions Market” will grow at a CAGR of ~5.0% during the forecast period 2019–2025. The market has witnessed steady growth in the past few years and is sustaining due to increasing prevalence of diabetes, increase in the number of surgical procedures, rising incidence of chronic wounds, and technological advancements in the wound care product. Increase in the funding to develop next-generation technology and rising focus on creating awareness among the people for better wound care treatment and management are providing opportunities for the growth of the wound care solutions market. Merger & acquisition has been one of the significant trends seen in the market place, and many vendors are concentrating on acquisitions to enhance their market position and existing portfolio. The majority of the revenue is generated from the leading players in the market with dominating sales from 3M, Acelity L.P.Inc, Johnson & Johnson, Medtronic Plc, Coloplast A/S, Baxter International Inc, Smith & Nephew Plc, ConvaTec Group Plc, Derma Sciences Inc (Integra Lifesciences), Hollister Co, and Molnlycke Health Care. According to the analysis, North America accounted for the largest share of the global wound care solutions market in 2018. The Asia Pacific region is expected to witness the fastest growth rate due to large patient pool, increasing surgeries, and rising healthcare expenditure. By Product Type: Traditional wound care products held a significant share in the global wound care solutions market in 2018. The market for advanced wound care is expected to grow at the fastest rate during the forecast period 2019–2025. By Wound Type: Chronic wound holds the major share of the market, followed by acute wound. Nearly 2% of the population in developed countries suffer from some form of a chronic wound. In the US, about 8.2 million individuals receiving Medicare benefits have chronic wounds. By Regions: North America was dominant in the global wound care solutions market in 2018. The significant share of the North American region comes from the US, owing to the accessibility to good quality healthcare and good reimbursement facilities. Wound Care Solutions Market Research Competitive Analysis – Mergers & acquisitions have been a significant strategy followed by major players in the market to maintain their leadership. In May 2019, 3M entered into a definitive agreement to acquire Acelity L.P. Inc. and its KCI subsidiaries worldwide. This acquisition strengthens 3M’s medical solutions business and supports the company’s growth strategy in advanced and surgical wound care solutions. Key Vendors: Key Competitive Facts Benefits – The report provides complete details about the sub-segments of the wound care solutions market. Through this report, the key stakeholders can know about the major trends, drivers, investments, vertical player’s initiatives, and government initiatives toward the disease management in the upcoming years along with details of the existing pure-play companies and new players entering the market. Moreover, the report provides details about the major challenges that are going to impact the market growth. Additionally, the report gives complete details about the key business opportunities to key stakeholders in order to expand their business and capture the revenue in specific verticals, and to analyze before investing or expanding the business in this market. Key Takeaways: Browse our full report with Table of Contents : About Bharat Book Bureau: Contact us at: Like it? Share it!More by this author |