The Advanced Wound Care Market size was valued at USD 8,978.0 Million in 2020 and is projected to reach USD 14,190.5 Million by 2030, registering a CAGR of 4.6% from 2021 to 2030.
PORTLAND, OREGON, USA, July 12, 2022 /EINPresswire.com/ — According to the report published by Allied Market Research, the global market advanced wound care market was pegged at $8.97 billion in 2020 and is projected to reach $14.19 billion by 2030, growing at a CAGR of 4.6% from 2021 to 2030. The report provides an in-depth analysis of the top pockets of investment, best winning strategies, drivers and opportunities. , market size and estimations, competitive scenario and hesitant market trends.
Rising geriatric population, rising incidence of diabetes, obesity, and chronic diseases, and high-end technological advancements to treat complex wounds are fueling the growth of the global advanced patient care market. sores. On the other hand, the high cost of advanced wound care products is hampering the growth to some extent. Nevertheless, untapped opportunities in developing economies are expected to create a number of opportunities for major players in the industry.
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Impact of Covid-19 on Advanced Wound Care Market-
The Covid-19 pandemic has negatively impacted the market due to the nationwide lockdown and elective surgeries being canceled or postponed. Additionally, the prolonged lockdown has disrupted the supply chain and driven up the prices of medical equipment and raw materials.
However, the increase in skin lesions among medical care providers is expected to drive the demand for advanced wound care.
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The chronic wounds segment will remain lucrative during the estimated period –
Based on applications, the chronic wound segment contributed more than two-thirds of the global advanced wound care market in 2020 and is expected to dominate in 2022-2030. The same segment is also expected to register the fastest CAGR of 6.7% by 2030. Various methods are now available to treat chronic wounds including debridement, moist healing, vacuum assisted closure, oxygenation , warming, etc. segment growth.
Based on product, the exudate management segment held the largest share in 2020, accounting for almost a third of the market. However, the active wound care segment is estimated to register the highest CAGR of 8.0% during the forecast period.
Based on applications, the chronic wound segment dominated the market in 2020, contributing more than two-thirds of the market. Moreover, the segment is expected to show the highest CAGR of 4.7% during the forecast period. The report also analyzes the acute wound segment.
Global Advanced Wound Care Market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The North American market held the largest share in 2020, accounting for more than two-fifths of the market. However, the Asia-Pacific market is expected to register the highest CAGR of 5.7% during the forecast period.
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Global Advanced Wound Care Market Report includes in-depth analysis of major market players such as 3M (Acelity Inc.), B Braun Melsungen AG, Adynxx, Inc., ConvaTec Group plc, Coloplast A/S, Integra Lifesciences (Derma sciences), Essity AB (BSN Medical GmbH), Johnson & Johnson, Investor AB (Mölnlycke Health Care AB), Medtronic plc., Medline Industries, Inc., Smith & Nephew Plc. and Organogenesis Holdings Inc.
We also offer regional and national reports –
Radiotherapy market in Japan
South Korea advanced wound care market
Advanced Wound Care Market in Singapore
China advanced wound care market
Indonesia Advanced Wound Care Market
Australia advanced wound care market
Advanced Wound Care Market in Taiwan
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“We have also published some syndicated market studies in the same field that you may be interested in. Below is the title of the report for your reference, considering the impact of Covid-19 on this market, which will help you to assess the impact of the pandemic on the short and long-term growth trends of this market.
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