Wound Care Management - Emerging Countries (China, India, Brazil) Opportunity Assessment, Competitive Landscape and Market Forecasts to 2016
The Wound Care Management Market in Emerging Economies is Expected to Grow at a CAGR of 3% from 2009 to 2016 The wound care management market in emerging economies is forecast to grow from $722.9m in 2009 to $906.6m by 2016 with a Compound Annual Growth Rate (CAGR) of 3%. The wound care management market of China is the biggest market in terms of market size and accounted for about 49% of the total revenue of the wound care management market in 2009. China and India will continue to witness high growth, mainly because of the high elderly population and the increase in awareness of advanced wound care products. The wound care management market in India is forecast to grow from $148.2m in 2009 to about $179.7m by 2016 with a CAGR of 3%. China is the Biggest Market for Wound Care Management in Emerging Economies The wound care management market in China was valued at $355.4m in 2009 and is forecast to grow at a CAGR of 3% to reach $448.7m in 2016. China is the biggest market, contributing 49% towards to the emerging economies wound care management market in 2009. The demand for advanced wound care products in China is mainly driven by high population growth, increased lifestyle disorders and high awareness of advanced wound care products.
For further details, please click or add the below link to your browser: http://www.globaldata.com/reportstore/Report.aspx?ID=Wound-Care-Management-Emerging-Countries-China-India-Brazil-Opportunity-Assessment-Competitive-Landscape-and-Market-Forecasts-to-2016&ReportType=Industry_Report&coreindustry=Industry_Report&Title=Medical_Devices Increasing Diabetes Prevalence and Chronic Wounds are Expected to Drive the Wound Care Management Market Type II Diabetes is one of the most common causes of chronic wounds in emerging economies. In future the diabetes and other lifestyle diseases are going to replace infectious diseases and malnutrition as the main cause of morbidity and mortality in emerging economies. According to the World Diabetes Foundation (WDF), an estimated 285 million people or 6.6% in the age group 20-79 will live with diabetes in 2010. In this total diabetic population, 70% of patients live in emerging economies. Globally in the next 20 years, the number of diabetic patients is expected to increase by more than 50%. In this patient population the largest increases will take place in emerging economies. In emerging economies, many people with diabetes are unaware of the importance of routine foot care. The increasing diabetic population, chronic wounds and a long healing process are expected to drive the wound care management market in the emerging economies.
Medical Tourism and Increasing Number of Surgeries to Drive the Wound Closure Devices Market in Emerging Economies such as India The medical tourism sector in India is growing at a double digit rate. It is expected to grow at a CAGR of 27% from 2009 to 2012. The major driver for growth in the sector is the cost advantage achieved from treatment in India without compromising on the quality. Cosmetic, obesity and cardiac surgeries are the most sought after surgeries in the Indian medical tourism sectors. The cost and waiting time for cosmetic surgeries is high in developed countries. India is a lucrative destination for medical treatment because corporate hospitals are equipped with state-of-the-art medical equipment and qualified medical professionals, providing a quality service with almost no waiting time and a cost advantage. In India, the number of hospitals catering to international patients demand for surgeries has been rising over the last 10 years. The quality of the service also comes as an integrated advantage to medical tourism in India. There are nearly 300 hospitals identified as being capable of treating international patients with appropriate care. Many of these hospitals are targeted by international insurance players. This makes the process of obtaining reimbursement easier. Along with the cost, the high popularity of the nation as a destination for medical tourism coupled with the increasing popularity of
cosmetic, obesity and cardiac surgeries are expected to drive the wound care management market in emerging economies such as India. Emerging Economies Wound Care Management Market is Highly Fragmented The wound care management market is competitive, with the top seven manufacturers accounting for 29% of the market in 2009. The market is highly fragmented with small players occupy a majority of the market share. In 2009, ConvaTec (7%), Covidien (5%), Smith and Nephew (4%), Coloplast (4%) and 3M Health Care (4%) were the leading players in the wound care management markets of emerging economies. The market is conspicuous by the absence of large conglomerates and is characterized by the high degree of innovation, with many small companies actively engaged in product development. The market lacks large conglomerates and is characterized by a high degree of innovation, with many small companies actively engaged in product development. Smaller companies are matching the pace of bigger players in terms of innovations. Smaller companies with a market share of less than 1% occupy a majority (70%) of the market share in emerging economies.
GlobalData’s new report, “Wound Care Management - Emerging Countries (China, India, Brazil) Opportunity Assessment, Competitive Landscape and Market Forecasts to 2016” provides key data, information and analysis on the global wound care management market. The report provides market landscape, competitive landscape and market trends information on the wound care management market. The report provides comprehensive information on the key trends affecting the market, and key analytical content on the market dynamics. The report also reviews the competitive landscape and technology offerings. For further details, please click or add the below link to your browser: http://www.globaldata.com/reportstore/Report.aspx?ID=Wound-Care-Management-Emerging-Countries-China-India-Brazil-Opportunity-Assessment-Competitive-Landscape-and-Market-Forecasts-to-2016&ReportType=Industry_Report&coreindustry=Industry_Report&Title=Medical_Devices Visit our report store: http://www.globaldata.com
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