According to a recent assessment of wound care treatment market by IndustryARC, increasing accidental injuries and chronic wounds significantly influences the global wound care market with a wider scope of colossal revenue income in the foreseeable years. Additionally, high blood pressure and weakened immune system worsen diabetic wound healing procedure contributing to the mounting demand for wound care management. As per the report by IndustryArc, the global wound care market size stood at $18.73 billion by the end of FY 2018. An upsurge in technology majorly propels the wound care market demand which is evaluated to grow at a notable compound annual growth rate (CAGR) of 4.06% through to 2025.
The aforementioned report is titled “Wound Care Market: By Type of Wound (Clean, Contaminated, Infected, Chronic); By Procedure (Advanced Wound Therapy, Surgical, Medical); By Dressing Material (Alginate, Hydrogel, Debriding agents, Foam, Hydrocolloid, and Others); By End User (Hospitals, Nursing Homes, Personal First Aid) & Geography – Forecast (2019-2025).” It gives an insight into the wound care market with a comprehensive analysis of certain criteria elucidating vendor’s interests.
Global Wound Care Market: Leading Segments:
According to the U.S. National Institutes of Health, an overwhelming number of 6.5 million chronic wound incidences came to the fore in U.S. as of 2017. North America is the largest wound care market owing to the large scale production of advanced wound care products, innovative antiseptic technology, high-quality medical assistance, and growing economic stability. Additionally, increasing proficiency in dermagraft treatment during complex cases such as pressure ulcers, diabetic ulcers, and burn injuries can be attributed to North America’s regional of 43.00% as of 2018. During the forecast period of 2019-2025, the growing demand for hospital and clinical aided wound care treatment is projected to increase at a CAGR of 5.36%.
Global Wound Care Market: Market Trends and Growth Drivers:
· TrAP Induced NanoTech Cellular Healing:
Biomaterials are gaining the pace in the medical treatment owing to the trend of sustainable product acceptance throughout the world. One such discovery -the traction force-activated payload (TrAP) - in the wound healing procedure is developed by Dr. Ben Almquist and his associates at Imperial College, London which enhances the body’s natural repair system by interacting with the tissues boosting the healing process. These molecules are pulled by the cells and crawls through the injured collagen scaffolds thereby activating the healing proteins and as a result of which the cells multiply and aggravate the wound healing.
· Lactic Acid Bacterial Wound Treatment:
Recently, research conducted at the Upala University and Saint Louis University devised a method induced by lactic acid bacteria as a medium for producing and providing chemokine proteins on the affected area. This procedure facilitates speedy treatment and healing of chronic and severe wounds reducing the overall expenditure on conventional wound care process, also minimizing the use of dressing tools and products.
· Chitosan Bandages:
Chitosan or crab shell bandages are revolutionary bandages which propel the wound healing procedure as well as its antimicrobial property kills certain bacteria thereby acting as a natural shield. Chitosan, extracted from crustacean shells, contains alginate because of which it has gained importance as a holistic ointment for the past century and can be dated back to ancient Chinese medical usage.
· Advanced Nanova Vacuum Systems:
Wound care management includes a vital procedure -debridement- for clearing the injured area of dead skin cells, sands, germs, and maggots (in the case of animals). Nanova therapy the system is a revolutionary vacuum induced device which removes debris from the wound by creating negative pressure and also enhancing the blood flow for effective and faster-wound healing.
Global Wound Care Market: Competitive Landscape:
The key market players of the wound care market includes Molnlycke Health Care, Derma Sciences, Johnson & Johnson, ConvaTec Group plc, Medtronic plc, Inc., Smith & Nephew plc, Acelity L.P. Inc., Baxter International Inc., Coloplast A/S, The 3M The company, Kinetic Concepts, and others.
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The point-of-use water treatment system market is prepared with the main agenda to cover the following 20 points:
1. Market Size by Product Categories & Applications 11. Demand Analysis (Revenue & Volume)
2. Market trends & Relevant Market Data 12. Country-level Analysis
3. Manufacturer Landscape 13. Competitor Analysis
4. Distributor Landscape 14. Market Shares Analysis
5. Pricing Analysis 15. Value Chain Analysis
6. Top 10 End-user Analysis 16. Supply Chain Analysis
7. Product Benchmarking 17. Strategic Analysis
8. Product Developments 18. Current & Future Market Landscape Analysis
9. Mergers & Acquisition Analysis 19. Opportunity Analysis
10. Patent Analysis 20. Revenue and Volume Analysis
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