Published Mon, Apr 16th 2018
Global Wound Care Market Research Report, Product (Wound Therapy Devices, Traditional and Active Wound Care Products), Type (Chronic, Acute), Application (Ulcers, Burn, Trauma Wounds), End Users (Hospitals, Clinics, Trauma Center) - Forecast till 2023
The Global Wound Care Market is expected to grow at a CAGR of 6.20% during the forecast period 2017-2023.
Chronic wound treatment can be done through various wound care and closure products. The cases of chronic wounds patients have been increasing, so are the demands of wound care and closure. According to the American Burn Association, in 2014, approximately 486,000 burn injuries were reported which boosted the market growth during the forecasted period.
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Moreover, rising per capita income, increasing prevalence of diabetes and other chronic diseases along with growing number of surgeries and development in the medical technology have boosted the market growth during the forecasted period. However, the high cost of advanced wound care products is expected to restrain the market growth.
The Americas dominates the global wound care market owing to a well-developed healthcare sector and high per capita healthcare expenditures. Moreover, the presence of global players like 3M and Baxter in the developed economies like U.S and Canada within the region fuels the market growth.
Europe is the second largest market for wound care, which is followed by Asia Pacific. Availability of funds for research, high healthcare expenditures, huge patient population and government support for research & development will drive the market in the Europe. In the U.K,the cost to the National Health Service for caring for patients with chronic wounds was estimated to be around USD 3.4-4.6 billion per year.
Asia Pacific is the fastest growing region for the wound care market due to the presence of developing economies like India and China. This along with favorable government policies and rising healthcare expenditure boosted the market growth in the presence of huge opportunity for the untapped market within the region.
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The Middle East & Africa has the least share in the global wound care market due to presence of poor economies especially in the African region. Majority of the market of Middle & Africa region is held by the Middle East due to a well-developed healthcare sector.
1 Report Prologue
2 Market Introduction
2.2 Scope of Study
2.3 Research Objective
2.4 Assumptions & Limitations
2.5 Market Structure
3 Research Methodology
3.1 Research Process
3.2 Market Size Estimation
3.2.1 Market Share analysis
3.3 Forecast Model
4 Market Dynamics
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