Wound Care Market - Industry Analysis by Size, Share & Growth (2021-2027) | UnivDatos
The increasing number of accidents such as road accidents, burns, and trauma
events across the globe is anticipated to drive the market. For
instance, as per WHO (2018), around 1,000,000 people are severely or moderately
burnt in India per year. In addition, as per NCBI, in 2017, countries such as
Bulgaria, Finland, the Netherlands, China, Australia, and the U.K. reported a
rise in the incidence of burn wounds. Furthermore, as per the American
Association for the Surgery of Trauma, in 2017, around 1.2 million people died
globally, accounting for deaths of around 3,242 people per day in road
accidents every year. Therefore, such instances are anticipated to
surge the demand for traditional wound management products, thereby propelling
the market growth.
The COVID-19 pandemic has impacted several aspects of the wound care
continuum, including compliance with wound care visits, prompting alternative
approaches (use of telemedicine and creation of videos to help with wound
dressing changes among others), and encouraging a do-it-yourself wound dressing
protocol and use of homemade remedies/substitutions.
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According to UnivDatos Market Insights (UMI)’ research
report “Global Wound Care Analysis, 2020”, the
wound care market is projected to grow at a CAGR of around 6.8% during
2021-27F. The significant growth in the market can be attributed to factors,
such as the rising prevalence of diabetes and the increasing number of programs
initiated by various health organizations related to health awareness.
Based on the wound type, the market is fragmented into
chronic wounds and acute wounds. The chronic wounds segment accounted for a
considerable share in 2020 and is anticipated to register a lucrative CAGR during
the forecast period owing to the increasing spending on chronic wounds,
technological advancements, and the growing prevalence of diseases &
conditions affecting wound healing capabilities.
Hospital & Clinics Segment to Witness Robust growth
Based on end-users, the market is segmented into hospitals & clinics,
home care settings, and others. The hospitals & clinics segment had the
highest revenue and CAGR growth in the analyzed period. The growth of this
segment is due to the large number of treatment procedures conducted in
hospitals and the easy availability of reimbursements.
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North America to Grab Lion’s Share, and witnessed Explicit Growth
Based on the region, North America dominated the global wound care market in
2020. The region is projected to maintain its dominance during the forecasted
period 2021-27 owing to the presence of well-established market players and
frequent product launches in the region. North America is expected to skyrocket
with a CAGR of X% in the forecast period owing, as stated in UnivDatos
Market Insights (UMI)’ research report “Global Wound Care
Market Analysis, 2020”.
According to UnivDatos Market Insights (UMI)’, the key
players with a considerable market share in the Wound Care Market include 3M
Company, Smith & Nephew plc, Mölnlycke Health Care AB, ConvaTec Group plc,
B. Braun Melsungen AG, Cardinal Health, Integra LifeSciences Holdings
Corporation, Johnson & Johnson, Medtronic Plc, and Paul Hartmann AG, among
others. The players are focused on launching products for gaining customers'
traction and expanding their geographical reach to get a competitive edge in
the industry.
“Global Wound Care Market Analysis,
2020” provides comprehensive qualitative and quantitative insights on
the industry potential, key factors impacting sales and purchase decisions,
hotspots, and opportunities available for wound care providers across the
Globe. Moreover, the report also encompasses the key strategic imperatives for
success for competitors along with strategic factorial indexing measuring
competitor's capabilities on 16 parameters. This will help companies in the
formulation of go to Market Strategies and identifying the blue ocean for its
offerings.
For more informative information, please visit us – https://univdatos.com/report/wound-care-market/
Market Segmentation:
- By Product Type (Advanced Wound Care Products, Surgical Wound Care Products,
and Traditional Wound Care Products)
- By Wound Type (Chronic Wounds and Acute Wounds)
- By End-Users (Hospitals & Clinics, Home Care Settings, and Others)
- By Region (North America, Europe, Asia-Pacific, Rest of the World)
- By Company (3M Company, Smith & Nephew plc, Mölnlycke Health Care AB,
ConvaTec Group plc, B. Braun Melsungen AG, Cardinal Health, Integra
LifeSciences Holdings Corporation, Johnson & Johnson, Medtronic Plc,
and Paul Hartmann AG, )
Key questions answered in the study:
- What are the current and future trends of the wound care
industry?
- How the industry has been evolving in terms of product type,
wound type, and end-users?
- How the competition has been shaping across the countries
followed by their comparative factorial indexing?
- What are the key growth drivers and challenges for the wound
care industry?
- What is the customer orientation, purchase behavior, and
expectations from wound care firms across various regions?
Table of Content –
1 MARKET INTRODUCTION
2 RESEARCH METHODOLOGY OR ASSUMPTION
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 COVID-19 IMPACT
6 GLOBAL WOUND CARE MARKET REVENUE
7 MARKET INSIGHTS BY PRODUCT TYPE
8 MARKET INSIGHTS BY WOUND TYPE
9 MARKET INSIGHTS BY END-USERS
10 MARKET INSIGHTS BY REGION
11 WOUND CARE MARKET DYNAMICS
12 WOUND CARE MARKET OPPORTUNITIES
13 WOUND CARE MARKET TRENDS & INSIGHTS
14 LEGAL & REGULATORY FRAMEWORK
15 DEMAND AND SUPPLY SIDE ANALYSIS
16 VALUE CHAIN ANALYSIS
17 COMPETITIVE SCENARIO
18 COMPANY PROFILED
19 DISCLAIMER
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Labels: Wound Care Market
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