(MoneyNewsWire.Net, January 10, 2018 ) According to the report Wound Care Management Devices Market, published by Market Data Forecast, the Global was worth USD 18.684 billion in 2017 and estimated to be growing at a CAGR of 3.8%, to reach USD 22.54 billion by 2022.
Advanced wound care and closure products are used to treat chronic wounds as they offer better results in relatively less time as compared to traditional methods. Chronic wounds being difficult to heal take considerable time to heal and are costly to treat. As a result, advanced wound care and closure products are rising as a standard solution for treating chronic wounds.
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Wound Care Management Devices Market: Drivers & Restraints
Factors such as decrease duration of hospital stay in order to limit surgical healthcare expenses and the increasing proclivity towards products that improve therapeutic outcomes are driving the demand for advanced wound care and closure products. However, factor such as ineffective wound healing which in turn promote the demand for combination dressings, thereby replacing the traditional wound dressing methods.
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Wound Care Management Devices Market: Segmentation
Advanced Wound Management Products
o Advanced Wound Dressings
o Negative Pressure Wound Therapy
o Pressure Relief Devices
o Oxygen and Hyperbaric Oxygen Devices
o Electrical Stimulation Devices
o Other Therapy Devices
Active Wound Care
o Artificial Skin and Skin Substitutes
o Topical Agents
Surgical Wound Care
o Tissue Adhesives, Sealants & Glues
o Anti-infective Dressings
Traditional/Basic Wound Care
o Medical Tapes
o Cleansing Agents
By Type of Wound
o Diabetic Foot Ulcers (DFU)
o Pressure Ulcer
o Venous Leg Ulcer
o Other Chronic Wounds
Surgical & traumatic wounds
By End User
Home Care Settings
o United States
o South Korea
o Rest of Latin America
Middle East & Africa
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Wound Care Management Devices Market: Overview
The chronic wounds segment is estimated to account for the largest share of the global wound care market. The large share of this segment can be attributed to the rising incidence of diabetic foot ulcers, pressure ulcers, and other types of chronic wounds. The hospitals and specialty wound care clinics segment is estimated to account for the largest share of the global wound care market. Rising number of chronic wound cases, growing instances of diabetes, and improving hospital infrastructure in developing countries are some of the major factors driving the growth of this end-user segment.
North America accounts for the largest share of the Wound Care Management Devices market followed by Europe. Asia Pacific region is expected to witness the highest growth rate in the coming years owing to the technological advancements in the region.
Wound Care Management Devices Market: Key Players
The Wound Care Management Devices market is highly competitive with a large number of players. Some of the major Companies are Coloplast A/S, Baxter International Inc., Hollister Inc., Mölnlycke Health Care, 3M Company, Covidien PLC, Ethicon Inc., Derma Sciences Inc., Convatec Healthcare B.S.A.R.L, Acelity L.P., and Smith & Nephew.
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