The Wound Care Management Devices Market Is Predicted To Reach USD 24.26 Billion With A CAGR Of 3.8% According To Market Data Forecast Report.

The Wound Care Management Devices Market Is Predicted To Reach USD 24.26 Billion With A CAGR Of 3.8% According To Market Data Forecast Report.

ID: 1650 | October 2018 | Region: Global

The Wound Care Management Devices Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Wound Care Management Devices Market is estimated to be USD 20.13 billion and predicted to rise to USD 24.26 billion with a CAGR of 3.8%. The market is segmented by Product (Advanced Wound Management Products, Surgical Wound Care and Traditional/Basic Wound Care), by Type of Wound (Chronic Wounds, Acute Wounds, Surgical & Traumatic Wounds and Burns), by End Users (Hospitals, Clinics and Home Care Settings). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.

Increase in chronic wounds and ulcers, rising incidence of diabetes, aging population, increasing awareness about new technologies for wound care and government support in the form of funding are driving the growth of the wound care market. Rising incidences cases of obesity and diabetes are also leading to augmented demand for advanced wound care products. However, the market is constrained by challenges, such as costly procedures and lack of proper reimbursements.

Advanced wound management products segment is leading the market with highest revenue and Surgical wound care segment is likely to grow at highest CAGR in the forecast period.

North America currently dominates the market for medical aesthetic devices and is expected to continue its strong hold for a few more years. The leading revenue-generating after North America is Europe whereas Asia-Pacific is projected to grow at a significant CAGR, due to rising geriatric population, growing demand for advanced wound care products and increasing unmet medical needs.

The prominent players in the wound care market are Coloplast A/S (Denmark.), Baxter International Inc. (U.S.), Hollister Inc. (U.S.), Mölnlycke Health Care (Sweden), 3M Company (U.S.), Covidien PLC (Ireland), Ethicon Inc. (U.S.), Derma Sciences Inc. (U.S.), Convatec Healthcare B.S.A.R.L (U.S.), Acelity L.P/ (U.S.), and Smith & Nephew (U.K.).

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