Advanced Wound Care Market Size, Industry Share and Growth Rate 2018-2025

Posted by Rushikesh Pise on November 5th, 2019

Increasing incidence of chronic diseases such as diabetes and cancer will enable growth in the Global Advanced Wound Care Market. Fortune Business Insights, has published a report, titled “Advanced Wound Care Market Size, Share and Global Trend by Product (Advanced Wound Dressings, Wound Care Devices & Active Wound Care), Indication (Diabetic Foot Ulcers, Pressure Ulcers, Surgical Wounds, Others), End User and Geography Forecast till 2025.” According to the report in 2017, the global Advanced Wound Care Market was valued at US$ 9273.3 Mn. The global advanced wound care market is anticipated to expand at a CAGR of 4.8% and value US$ 13,450 Mn by the end of 2025.

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Top Leaders Overview:

Some of the leading companies in the global Advanced Wound Care Market are

  • Derma Sciences
  • Coloplast
  • ConvaTec
  • Tissue Regenix Group
  • Mölnlycke Health Care DACH
  • Smith & Nephew
  • Organogenesis
  • KCI Licensing, Inc

The report classifies the global advanced wound care market in terms of various segments such as regions, product, type, end users, and others. As per the report, North America emerged dominant in the global advanced wound care market in 2017. The North America market was valued at US$ 3874.4 Mn in 2017.

Growth witnessed in the region is attributable to the high demand for advanced treatment for pressure ulcer, diabetic foot ulcer, surgical procedure, and others ailments in the U.S. The region is also expected to dominate the global market through the forecast period 2018-2025.

The Global Advanced Wound Care Market derives growth from a number of factors such as increasing focus on research and development (R&D), increasing investment from leading companies towards R&D. Besides this, increasing regulatory approvals from organizations such as the Food and Drug Administration (FDA) have contributed significantly to the global Advanced Wound Care Market. 

Furthermore, newer drug discoveries as a result of emphasis on R&D have favored the growth of the global Advanced Wound Care Market and are likely to boost the market in the coming years. Backed by contributions from government as well as private organizations, the global Advanced Wound Care Market is likely to gain traction in the coming years.

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Rushikesh Pise

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Rushikesh Pise
Joined: November 4th, 2019
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