Inkwood Research estimates that the Global Advanced Wound Care Management Market is evaluated to project a CAGR of 11.63% in terms of revenue during the forecasting years of 2021-2028.
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Advanced wound care includes products utilized for the
treatment of chronic and acute wounds, such as burns, ulcers, and postoperative
wounds. In addition, advanced wound care products like hydrogels,
hydrocolloids, film and foam dressings, as well as alginates keep wounds
hydrated in order to facilitate fast healing.
Technical
Advancements to Fuel Market Growth
Innovations for the development of affordable and
cost-effective therapies are anticipated to influence the global advanced wound
care management market. According to the estimations of the United States
Centers for Disease Control and Prevention (CDC), the present wound care sector
is significant and is anticipated to augment rapidly, annually. This is
primarily credited to the availability of numerous products for treating
chronic wounds like ACTICOAT, AQUACEL, and Tegaderm, in addition to impregnated
sterile dressings, including cuticell classic as well as cuticell contact.
Furthermore, researchers primarily concentrate on developing innovative
wound-healing technologies, expected to provide the global market with
potential growth opportunities.
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Community Health Service Centers to be the Fastest-Growing End-User
Community health service centers are characterized as agencies that
offer community health programs and support services like sanitation, health
education, and prevention of illness for improving the well-being and health of
people. Moreover, community health service centers also provide wound healing
therapies such as hyperbaric oxygen therapy, debridement, and special dressings
and wraps. Different wound types, including pressure ulcers, burns, diabetic
ulcers, wounds caused by lymphedema, and radiation tissue damage, are efficiently
treated in wound and ostomy care centers, as well.
Asia-Pacific to Lead the Global Market by 2028
The Asia-Pacific advanced wound care management market
growth is predominantly attributed to the increasing patient awareness about
advanced wound care products, the growing incidence of chronic diseases, the
surging requirement for advanced wound care products, and high disposable
income. Besides, the improvement in health awareness and the rising number of
laboratories with advanced medical facilities also play a vital role in fueling
the regional market’s growth.
However, in order to enter the market, products must adhere
to the regulations issued by different regional governments. As a result, the
process tends to be slow and delays market penetration. Hence, the stringent
regulations are anticipated to challenge the Asia-Pacific advanced wound care
management market expansion.
While the industrial rivalry among existing companies is
intense, the price pressure across vendors has continued to escalate. Despite
the increased number of market participants, the majority of the revenue share
is controlled only by a smaller number of participants. Some of the top players
operating in the global market are Johnson & Johnson (Ethicon Inc), 3M
Company, Medline Industries Inc, etc.
About Inkwood
Research
Inkwood Research specializes in syndicated & customized
research reports and consulting services. Market intelligence studies with
relevant fact-based research are customized across industry verticals such as technology,
automotive, chemicals, materials, healthcare, and energy, with an objective
comprehension that acknowledges the business environments. Our geographical
analysis comprises North & South America, CEE, CIS, Middle East, Europe,
Asia, and Africa.
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