Global Advanced Wound Care Market – Analysis and Forecast (2019-2025)

1. Advanced Wound Care Market

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3. Advanced Wound Care Market From USD 11.0 billion in 2019, the global advanced wound care market is predicted to grow to USD 15.8 billion by 2025, registering a CAGR of 6.3% during the forecast period (2020–2025). The advanced wound care industry is anticipated to experience significant growth during the forecast period, owing to the rising prevalence of diabetes-associated ulcers, pressure ulcers, obesity, ageing population and venous leg ulcers and intensifying need for inventive & innovative wound dressings for the treatment of such wounds.

4. Advanced Wound Care Market Growing geriatric population, increasing number of diabetes patient globally, rising occurrence of wound ulcer and surgical wounds, growing research and development activities, introduction of novel treatments for advanced wounds, favorable reimbursement scenario, and technological advancement in advanced wound care products are the key factors enhancing the growth of the global advanced wound care market. Geographically, North America was the largest advanced wound care market in 2019, owing to the introduction of novel treatments for advanced wounds, and escalating healthcare expenditure. In addition, expanding the geriatric population, technological advancement in advanced wound care products, the upsurge in the prevalence of chronic wounds, and mounting occurrence of diabetes are also fueling the growth of the North American advanced wound care market. European countries like France, Germany, Italy have the excellent acceptance of the Advance wound care treatment process.

5. Advanced Wound Care Market Market players in the advanced wound care industry are investing capital to develop technologically advanced systems. In June 2018, Acelity L.P. Inc., acquired Crawford Healthcare, to expand its product portfolio of advanced wound dressings. Some of the major players operating in the global advanced wound care market are The 3M Company, Smith & Nephew, Medtronic Plc., Mölnlycke Healthcare (A Part of Investor AB), Coloplast Corporation, Paul Hartmann, Cardinal Health, B. Braun, Mimedx Group, Convatec Group, Integra Lifesciences Holdings Corp., and Acelity L.P. Inc.

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