(PharmaNewsWire.Com, March 21, 2017 ) According to the report Global Advanced Wound care market published by Market Data Forecast, the global market was worth $8.25 billion in 2016 and is projected to reach USD 10.08 Billion by 2021, at a CAGR of 4.10% from 2016 to 2021.
Advanced wound care provides comfort and relief from chronic pains, which take significant amount of time to heal. Advanced wound care market has grown diversely. Advanced wound care market is getting popular for their efficacy and usefulness in managing wounds and their faster recovery. They are gradually replacing traditional wound care management methods.
Advanced wound care market provides low-cost medicines and readily avail them in the market for patient suffering from chronic diseases to use them at their own convenience. Treatment in advanced wound care includes interventions therapies and products such as foam dressings, hydrocolloids, antimicrobial dressings, film dressings, alginate dressings, collagen products, gauze composites, and hydrogels among others.
The drivers for growth of this market are increase in geriatric population, recent advancement in technology, lack of efficiency in healing in traditional wound care market. Also increase in the number of patient suffering from chronic diseases and diabetes impacts the growth of the market. Inclination towards products that are increasing effectiveness of therapeutics drugs and decreasing time spent in hospital and healthcare charges also fuels the growth of the market.
The major companies dominating this market for its products and services are Acelity L.P., Inc. (U.S.), Smith and Nephew Plc. (U.K) (market share is around 15-20%), Mφlnlycke Health Care (Sweden), ConvaTec, Inc. (U.S.), Coloplast Corp. (Denmark), 3M Health care (U.S), Medtronic (U.S), Integra Lifesciences Corporation (U.S.), Organogenesis Inc. (U.S.)
The Advanced Wound Care Market study offer following deliverables:
Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analyzing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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