If you are new to TikTikTalk ? Your first verification mail might be in your spam folder.Check there and move it to your inbox to complete registration or account verification process..
Sponsored
sociofans

Advanced Wound Care Market worth $17.7 Billion

0
2K

The global advanced wound care market is poised for robust growth in the coming years, according to a new report from marketsandmarkets. The market was valued at $11.2 billion in 2022 and is expected to reach $17.7 billion by 2027, growing at a compound annual growth rate (CAGR) of 9.4%.

The growth is being primarily driven by an increasing number of diseases and conditions that impact wound healing capabilities, a rise in spending on chronic wounds, and technological improvements in wound care products. Other key factors fueling the expansion include a growing number of surgical procedures worldwide, an aging population more susceptible to chronic wounds, and increased healthcare infrastructure and spending in emerging economies.

Request for Free Sample Report

The advanced wound care market is segmented by product type, wound type, end-user, and region. By product, dressings hold the largest market share based on rising patient education and an increasing occurrence of hospital-acquired infections. The dressings segment is further broken down into foam dressings, silicone dressings, hydrocolloid dressings, film dressings, and more.

By wound type, surgical and traumatic wounds make up the largest share of the market. This is attributed to a rise in surgical procedures and surgical site infections globally. Other key wound type segments are diabetic foot ulcers, pressure ulcers, venous leg ulcers, and burns.

Hospitals, ambulatory surgery centers (ASCs), and wound care centers account for the greatest portion of the end-user market currently. However, home healthcare settings are the fastest rising end-user segment.

Geographically, North America represented the largest regional market in 2022. However, emerging economies in the Asia Pacific and Latin America offer lucrative expansion opportunities for major players in the advanced wound care sphere.

Some notable companies operating in the global advanced wound care industry highlighted in the report include 3M Company, Smith & Nephew, ConvaTec Group, Coloplast, and Mölnlycke Health Care AB. These players are focused on new product development, mergers and acquisitions, and expanding their geographic reach to consolidate their positions.

Request for Free Sample Report

The report projects the market to register a healthy CAGR of 9.4% from 2022-2027. With increasing healthcare expenditure worldwide, innovation in advanced wound care technologies, an expanding target patient population, and higher patient awareness, the advanced wound care arena is headed towards a very promising future. Companies that adapt to evolving customer needs and effectively leverage growth opportunities will be favorably positioned in this burgeoning market.

Top 10 Companies in the Tissue Diagnostics Market
Top 10 Companies in Human Capital Management Market
Top 10 Companies Leading the Patient Engagement Solutions Market
Top 10 Companies in the Blood Collection Devices Market

Sponsored
Sponsored
Search
Sponsored
Categories
Read More
Other
What is Powertrac Tractor Price, Features, and Specification in 2023
Powertrac is a brand of tractors manufactured by Escorts Limited, a leading engineering company...
By sahubarkha 2023-05-04 07:33:47 0 4K
Other
Fuel Additives Market Size, Share, Growth Drivers, Opportunities, Top Companies, Industry Overview, and Revenue Forecast 2024-2030
Detailed and insightful market overview for the Fuel Additives Market focusing on the...
By NilamMMR 2025-01-14 08:35:33 0 790
Networking
Pregnant Mare Serum Gonadotropin Market will reach at a CAGR of 4.3% from to 2033
According to the Market Statsville Group (MSG), the Global Pregnant Mare Serum...
By vipinmsg 2025-02-04 13:55:57 0 652
Other
Powder Coatings Market Opportunities & Global Outlook Report 2023
Powder Coatings Market Overview: The research examines a number of major categories and...
By priti1 2023-10-17 11:22:27 0 4K
Shopping
探索植村秀滋養嫩膚霜的獨特魅力,提升肌膚健康與彈性
植村秀(Shu...
By ahr147 2025-01-03 04:39:43 0 611
Sponsored