Wound Skin Care Market Forecast and CAGR
According to the latest research by Future Market Insights, Wound Skin Care market is set to witness a 6.2% growth during the year 2021-2031. The market has been a semi-consolidated market growing at a rapid rate and is expected to witness lucrative growth with the rising number of patients with acute and chronic wounds, favorable reimbursement policies in emerging countries and the introduction of advanced products are anticipated to drive the market’s growth in the forecast period.
Wound Skin Care Market Dynamics
There are various factors that are help in driving the wound skin care market. Wound caused by minor and major accidents are constantly increasing since few years whereby depend on effective medications and treatment for rapid healing. Various chronic diseases moreover contribute to the rising concern of the wounds worldwide.
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The high rate of SSI (surgical site infection) occurrences in surgeries for patients with cancer and diabetes likewise requires the negative pressure wound therapy. The market growth in the healthcare sector is proved with the fact that around SSIs holds for 38% of all the nosocomial infections in surgical patients. This indicates the need for wound skin care management and treatment thus boosting the demand for the market.
Increasing prevalence of conditions & diseases affecting wound healing capabilities likely to drive the Wound Skin Care Sales
Physical health conditions, like acute wounds, surgical wounds and chronic wounds have an adverse effect on the wound healing process. The pervasiveness of surgical, chronic, and acute wounds has shown considerably growth over the past decade, mainly because of the rising worldwide geriatric population, the increasing prevalence of conditions like diabetes and obesity, increasing number of surgeries, and rising traumatic wounds.
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US and Canada Wound Skin Care Market Outlook
North America, majorly United States and Canada dominated the Wound Skin Care market. U.S. Wound Skin Care market will forecast significant growth due to rising cases of road accidents, sports injuries, and the presence of various major companies in the country. Also, increase in prevalence of people suffering from various chronic diseases is anticipated to have a positive impact on the market growth. In addition, rise in initiatives undertaken by governments and authorities to develop healthcare systems and spread awareness regarding advantages of wound care products are furthermore projected to drive the growth of the market.
Key Manufacturers and Suppliers in Wound Skin Care Market
Some of the leading manufacturers and suppliers of Wound Skin Care include
- Derma Sciences Inc. (Integra LifeSciences)
- Medline Industries, Inc
- Advancis Medical USA LLC
- B. Braun Melsungen AG
- Baxter International, Inc.
- Coloplast Corp.
- Medtronic PLC
- The 3M Company Smith & Nephew PLC
- Mölnlycke Health Care AB
- Acelity (KCI Licensing, Inc.)
- ConvaTec Group PLC
- Ethicon Inc. (Johnson & Johnson)
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Key Market Segments:
By Product:
- Advanced Wound Care Products
- Surgical Wound Care Products
- Traditional Wound Care Products
- Negative Pressure Wound Therapy
- Wound Therapy Devices
By Application:
- Acute Wounds
- Traumatic and Surgical Wounds
- Burns
- Chronic Wounds
- Pressure Ulcers
- Diabetic Foot Ulcers
- Venous Leg Ulcers
- Others
By End User:
- Hospitals & Clinics
- Specialty Clinics
- Home Care Settings
- Others
About FMI:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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