Global wound care market is dominated by North America, followed by Europe, Asia, & Rest of the World (RoW). North America will continue to lead market in forecast period, followed by Europe. Over next five years, growth of market in Asian region is likely to be centered on China, Japan, Malaysia, and India.
Complete report on Wound Care Market spread across 301 Pages, Profiling 11 Companies and Supported with 380 Tables and 48 Figures is now available at http://www.reportsnreports.com/reports/165110-wound-care-market-traditional-wound-care-advanced-wound-care-active-wound-care-negative-pressure-wound-therapy-other-therapy-devices-current-trends-opportunities-global-forecasts-2011-2016-.html
Relatively untapped Asian market and active wound care products have opened an array of opportunities for growth of market. However, factors such as high costs of advanced wound care products may restrain growth of this market. Global wound care market is expected to reach USD 20.4 Billion by 2021 from USD 17.0 Billion in 2016, growing at a CAGR of 3.6% from 2016 to 2021. Market is segmented on basis of product, wound type, end users, and region.
Global wound care market involves various products that help in healing and preventing infection. This market is driven by several factors which include rising incidences of hospital-acquired infections and increasing awareness about latest technologies in market. Government initiatives in forms of grants and funds & technological advancements due to which new and innovative products are being launched are other major factors driving growth of this market.
Prominent players in wound care market are 3M Company (U.S.), Baxter International, Inc. (U.S.), Coloplast A/S (Denmark.), Convatec Healthcare B.S.A.R.L (U.S.), Covidien PLC (Ireland), Derma Sciences, Inc. (U.S.), Ethicon, Inc. (U.S.), Hollister, Inc. (U.S.), Kinetic Concept, Inc. (U.S.), Mölnlycke Health Care (Sweden), and Smith & Nephew, Plc (U.K.).
Wound closure products include tissue control devices, sutures (absorbable and non-absorbable), suture needles, suture cannula combination, suture assist devices, and skin staples. Tissue adhesives, sealants, & glues include fibrin-based sealants, collagen-based sealants, and synthetic adhesives & glues. Surgical wound care products segment is further categorized into wound closure products; tissue adhesives, sealants, & glues; anti-infective dressings.
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This research report is useful for following audience
- Wound care device manufacturers
- Wound care associations
- Research and consulting firms
- Distributors of wound care devices
- Contract manufacturers of wound care devices
- Healthcare institutes (hospitals, medical schools, diagnostic centers, and outpatient clinics)
- Research institutes
- Venture capitalists
- Insurance providers (payers)
High growth in this segment is attributed to growth in aging population, rising incidence of chronic diseases, growing awareness for advanced care products, and greater effectiveness of these products in terms of providing rapid wound healing. Active wound care products segment is further segmented into artificial skin & skin substitutes; and topical agents. Advanced wound management products segment is expected to grow at highest CAGR in forecast period.
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