Market Overview:

According to the market report for Wound Care Management Devices published by Market Data Forecast, the total price was 20,130 million dollars in 2018, and its growth would be estimated at a CAGR of 3.8% to 24.26 billion dollars in 2023. With regards to the use of wound closure devices, medical device companies that are about to launch new innovative tools will benefit from many advantages.

Market Drivers and Restraints:

Attempts to decrease the duration of hospital stay to limit medical healthcare expenses and the increasing proclivity towards products that improve therapeutic outcomes are driving the demand for advanced wound care & closure products. The risks coupled with ineffective wound healing promote the demand for combination dressings, which is a modern trend in the market that is replacing traditional wound dressing methods.

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Report segmented as:

By Product:

• Advanced Wound Management Products
  • Advanced Wound Dressings
    • Foam Dressings
    • Hydrocolloid Dressings
    • Film Dressings
    • Alginate Dressings
    • Hydrogel Dressings
    • Collagen Dressings
    • Other Dressings
  • Therapy Devices
    • Negative Pressure Wound Therapy
    • Pressure Relief Devices
    • Oxygen and Hyperbaric Oxygen Devices
    • Electrical Stimulation Devices
    • Other Therapy Devices
  • Active Wound Care
    • Artificial Skin and Skin Substitutes
    • Topical Agents
  • Surgical Wound Care
    • Tissue Adhesives, Sealants & Glues
    • Anti-infective Dressings
  • Traditional/Basic Wound Care
    • Medical Tapes
    • Dressings
    • Cleansing Agents

By Type of Wound:

• Chronic Wounds
  • Diabetic Foot Ulcers
  • Pressure Ulcer
  • Venous Leg Ulcer
  • Other Chronic Wounds
• Acute Wounds
• Surgical & Traumatic Wounds
• Burns

By End-user:

• Hospitals
• Clinics
• Home Care Settings

Geographical segmentation:

Based on geography, the market is analyzed in different regions: North America, Latin America, Europe, Asia-Pacific and the Middle East and Africa. Currently, North America dominates the market for wound management devices and is expected to maintain its dominance for a few more years. It is expected that the Asia-Pacific region will increase its market share in the future due to the acceleration of technological progress.

Key Market Players:

• Coloplast A/S (Denmark.)
• Baxter International Inc. (U.S.)
• Hollister Inc. (U.S.)
• Mölnlycke Health Care (Sweden)
• 3M Company (U.S.)
• Covidien P.L.C. (Ireland)
• Ethicon Inc. (U.S.)
• Derma Sciences Inc. (U.S.)
• Convatec Healthcare B.S.A.R.L. (U.S.)
• Acelity L.P/ (U.S.),
• Smith & Nephew (U.K.)

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The Scope of the report:

The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along with this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed, and the prospects with colossal growth potential identified and debated.

About Us:

Market Data Forecast is a firm working in the areas of market research, business intelligence and research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.

For more information:   

Abhishek Shukla

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