According to MarkNtel Advisors who is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently released a report on Wound Care Market – Industry Trends and Forecast to 2030 and provides a comprehensive analysis of the current and future market conditions. The market research insights offered in this report enhance understanding of the market landscape, potential challenges, and strategies to establish a strong brand presence. With detailed market segmentation, in-depth analysis of key players, examination of consumer and supply chain trends, and exploration of new geographic markets, the insights presented in this report simplify the effective marketing of products and services.
Global Wound Care Market Analysis and Size
The Global Wound Care Market is estimated to grow at a CAGR of around 5.3% during the forecast period, i.e., 2024-30.
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Some of the major players operating in the Wound Care Market are 3M Company, Cardinal Health, Medtronic Plc, Smith & Nephew Plc, Molnlycke Health Care AB, Johnson & Johnson Services, Inc., Baxter International, Urgo Group, Integra LifeSciences Corporation, Applied Tissue Technologies LLC, Advancis Medical, Coloplast Corp., Convatec Group PLC, Paul Hartmann AG, Axio Biosolutions Pvt Ltd., Other.
Wound Care Market Growth Driver:
Rising Prevalence of Acute & Chronic Wounds Worldwide to Elevate the Market Growth – A significant rise in the incidence of diabetic foot ulcers, venous leg ulcers, surgical & traumatic wounds, burns, as well as surgical sites has positively driven the Global Wound Care Market. Further, there are a large number of patients with diabetes globally. For instance, as per the International Diabetes Federation (IDF), worldwide, approximately 537 million adults aged between 20-79 years were living with diabetes in 2021. Additionally, the total number of patients with diabetes is projected to rise to 643 million by 2030 and 783 million by 2045.
Also, diabetes foot ulcers are a type of chronic wound that largely affects individuals with diabetes, for instance, around 15% of diabetes patients suffer from diabetes foot ulcers. Hence, considering the large patient population with diabetes, the risk for diabetes foot ulcers has increased and has eventually pushed the demand for wound care products for their effective management.
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Market Segment and Geographical Analysis
By Product
- Advanced Wound Dressings- Market Size & Forecast 2019-2030, USD Million
- Foam Dressings- Market Size & Forecast 2019-2030, USD Million
- Hydrocolloid Dressings- Market Size & Forecast 2019-2030, USD Million
- Film Dressings- Market Size & Forecast 2019-2030, USD Million
- Alginate Dressings- Market Size & Forecast 2019-2030, USD Million
- Hydrogel Dressings- Market Size & Forecast 2019-2030, USD Million
- Collagen Dressings- Market Size & Forecast 2019-2030, USD Million
- Others (Hydrofibers, Honey Dressings, etc.)- Market Size & Forecast 2019-2030, USD Million
- Surgical Wound Care- Market Size & Forecast 2019-2030, USD Million
- Sutures & Staples- Market Size & Forecast 2019-2030, USD Million
- Tissue Adhesives and Sealants- Market Size & Forecast 2019-2030, USD Million
- Anti-infective Dressing- Market Size & Forecast 2019-2030, USD Million
- Traditional Wound Care Products- Market Size & Forecast 2019-2030, USD Million
- Medical Tapes- Market Size & Forecast 2019-2030, USD Million
- Cotton- Market Size & Forecast 2019-2030, USD Million
- Bandages- Market Size & Forecast 2019-2030, USD Million
- Gauzes- Market Size & Forecast 2019-2030, USD Million
- Sponges- Market Size & Forecast 2019-2030, USD Million
- Cleansing Agents- Market Size & Forecast 2019-2030, USD Million
- Wound Therapy Devices- Market Size & Forecast 2019-2030, USD Million
- Negative Pressure Wound Therapy- Market Size & Forecast 2019-2030, USD Million
- Oxygen & Hyperbaric Oxygen Equipment- Market Size & Forecast 2019-2030, USD Million
- Electric Stimulation Devices- Market Size & Forecast 2019-2030, USD Million
- Pressure Relief Devices- Market Size & Forecast 2019-2030, USD Million
By Application
- Chronic Wounds- Market Size & Forecast 2019-2030, USD Million
- Acute Wounds- Market Size & Forecast 2019-2030, USD Million
By End User
- Hospitals- Market Size & Forecast 2019-2030, USD Million
- Homecare- Market Size & Forecast 2019-2030, USD Million
- Others (Specialty Clinics, Ambulatory Surgical Centers, etc.)- Market Size & Forecast 2019-2030, USD Million
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
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