Demand of advanced wound care will remain high in medical sector. This trend will continue due to the increasing cases of chronic and surgical wounds in the industry
LONDON, UK / ACCESSWIRE / March 22, 2021 / Adoption of advanced wound care products to grow with the rising prevalence of chronic and surgical wounds, with a latest report by Fact.MR estimating revenues to expand at nearly 4% CAGR through 2021. Rising cases of type-1 diabetes and diabetic ulcers has leveraged the utilization of advanced wound care treatments and products. Hence, fostering the sales of advanced wound care market.
According to the study by Fact.MR, the advanced wound care market is poised to reach a value nearly US$ 15 Bn by 2030-end. Burgeoning cases of chronic diseases such as diabetes and cancer in regions like North America and Europe are prompting the healthcare professionals to invest more in advanced healthcare infrastructure and R&D activities. Therefore, bolstering the demand of advanced wound care market.
For instance, according to National Institute of Health in U.S., over 1.25 million burn cases and 6.5 million chronic skin ulcer cases were registered in 2020, that accounted for an estimated US$ 15 billion in U.S. health care costs for chronic wound treatments. Acknowledging this statistic, the advanced wound care market is expected to expand further in the upcoming years.
“Prominent manufacturing companies are launching their product in U.S. as the cases for chronic wounds are registered more in the region, accelerating the demand for advanced wound care products and prompting higher production,” says a Fact.MR analyst.
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Key Takeaways
Advanced wound care Market- Prominent Drivers
Advanced wound care Market- Key Restraints
Discover more about the advanced wound care market with 91 figures and 24 data tables, along with the table of contents. You will also find detailed market segmentation on https://www.factmr.com/report/4822/advance-wound-care-market
Competitive Landscape
B. Braun Melsungen AG, Molnlycke Healthcare, ConvaTec Group PLC., Coloplast A/S, Johnson and Johnson, Medline Industries Inc., 3M, Essity AB (BSN Medical), and Smith & Nephew PLC are some of the key players profiled by Fact.MR. Leading players are inclined towards using key strategies such as acquisition for expanding the product portfolios for further expansion of their revenue.
For instance, in 2018, B. Braun Melsungen AG launched 1-Ounce Prontosan Wound Gel X, with microbial colonization resistance within the dressing that prevents skin infection and softens necrotic tissue. The launch was approved by FDA and was expected to generate new revenue prospects for the company.
Likewise, in November 2020, Sanara Medtech announced the launch of BIAKOS Antimicrobial wound gel as well as viral testing results for BIAKOS skin and wound cleanser, that provides 93% of bacterial reduction within one hour of application. The launch benefitted the organization across various regions.
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More Valuable Insights on Advanced wound care Market
Fact.MR, in its new offering, presents an in-depth analysis on the global advanced wound care market. The study divulges essential insights on the Advanced wound care market on the basis of product (wound cleansers, honey dressings, antimicrobial gels, semi-permeable films dressing, skin protectants, alginate dressings, hydrocolloid dressings, foam dressings, and others), end-user (hospitals, ambulatory surgical centers, and specialty clinics), and key regions (North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa (MEA)).
Key Questions Covered in the Report
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SOURCE: Fact.MR
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