Wound closure and advanced wound care products are gaining ground over traditional methods of wound care, globally. Factors propelling the advanced wound care products are the minimal need of bed capacity in hospitals, and shifting inclination towards homecare therapies that enhance healing and minimize hospital time. Therapies and products that promote faster wound healing are gaining prominence due to the recovery time taken by these products. Though the product ingression is minimalistic currently, the global market for advanced wound care products is a potent market. The growing population, rising awareness levels in patients, and buying power due to higher disposable incomes are a few factors that would push the application of the market globally.
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Advancements in wound care technologies have ignited the growth in wound closure market. The prevalence of lifestyle diseases and their widespread influence would intensify the need for advanced wound care surgeries. The witnessed growth due to lifestyle diseases would prevail in the future, as rising incidences of traumatic cases are registered more frequently than ever. Adoption in surgical sealants and haemostat technologies has ignited the need for wound care service providers. Advanced wound care products market would dominate the wound care sector in the future. The highly favored reimbursement policies would further add fuel to the growth of the wound care products market. Insurance companies in most of the developing economics are contributing positively with reimbursements policies that are highly favorable towards the patients. Value chain scenario of the market is balanced and in control due to mutual understanding between intermediaries. Market drivers of this market are over riding the restraints. However, the cost associated with the wound closure surgeries is the major of challenge to the industry players. Most of the time, it is found that the cost of supplementary treatments would cross the value of actual treatment. This situation is majorly hindering the growth of wound care market. Therefore, the players operating in this market are continuously working towards increasing the efficiency of surgeries and eliminate unnecessary tests conducted during the procedures.
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- This report gives a detailed analysis of drivers and factors limiting market expansion
- Projections are made for the next eight years by considering values for 2012 as reference
- Porter's five forces and SWOT analysis discussed would help the decision makers in making strategic decisions
- Analysis of key market players and strategies adopted by them are dealt in the report to give a deep dive intelligence to the stake holders about the top contenders in the advance wound care market
- Micro level analysis is conducted based on derivative types, applications and geographies to give comparative analysis of the global market
- Comprehensive and quantitative data about changing market trends, competition and opportunities in Product and Application Market is provided in the report to help the stake holders in making strategic decisions
- Identification of key investment pockets for the applications Market would unravel the potential opportunities present in the market
KEY MARKET SEGMENTS
GLOBAL MARKET, BY TYPES
- Traditional Wound Care
- Advanced Wound Care
- Active Wound Care
- Therapy Devices
GLOBAL MARKET, BY APPLICATIONS
- Ulcers Major
- Surgical Wounds
- End users
- Community Health Centers
GLOBAL MARKET, BY GEOGRAPHY
- North America
- Asia Pacific
- Healthcare device Manufacturing Companies
- Public and Private Healthcare Facilities
- Research Institutes
- Academic and Medical Institutes
Key companies included in the report are
- 3M Health Care
- Bard Medical Division
- Baxter International, Inc.
- Coloplast A/S
- Convatec, Inc.
- Covidien Plc.
- Derma Sciences, Inc.
- Ethicon, Inc.
- Genzyme Biosurgery,
- Integra Life Sciences Corp.
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