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Advanced Wound Care Market Size

From USD 11.0 billion in 2019, the Global Advanced Wound Care Market is predicted to grow to USD 15.8 billion by 2025, registering a CAGR of 6.3% during the forecast period (2020u20132025). Owing to the rising prevalence of diabetes-associated ulcers, pressure ulcers, obesity, aging population, and venous leg ulcers, the industry is anticipated to experience growth. Also, faster and efficient recovery enabling fast healing triggers the growth of the said market.

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Advanced Wound Care Market Size

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  1. Advanced Wound Care Market From USD 11.0 billion in 2019, the Global Advanced Wound Care Market is predicted to grow to USD 15.8 billion by 2025, registering a CAGR of 6.3% during the forecast period (2020–2025). Owing to the rising prevalence of diabetes-associated ulcers, pressure ulcers, obesity, ageing population and venous leg ulcers, the industry is anticipated to experience a growth. Also, faster and efficient recovery enabling fast healing triggers the growth of the said market. By product, the advanced category holds the largest share in the market and is also expected to grow at fastest rate during the forecast period. By application, the surgical wound category held the largest share and is also predicted to witness the highest CAGR during the forecast period due to the growing occurrence of post- operative surgical wounds, and different ulcers. By end user, the advanced wound care market size for inpatient category is expected to grow at the faster rate during the forecast period. The main factors that enhance the growth of the global advanced wound care are increasing geriatric population, increasing number of diabetes patients worldwide, increasing incidence of wound ulcer and surgical wounds, increasing research and development activities, launch of new advanced wound therapies, favourable reimbursement scenario, and technological innovation in advanced wound care products.

  2. The increasing adoption of evidence-based treatment for chronic wounds, growing healthcare spending, and awareness campaigns for advanced wound care treatment and management are some of the other primary factors driving the growth of the advanced wound care industry. Recent News: In March 2020, Smith and Nephew Plc. (UK) launched PICO 14 Single- use NPWT device and dressings in US. In February 2020, Smith and Nephew Plc. (UK) opened a new high-technology manufacturing facility in Batu Kawan Industrial Park in Penang, Malaysia. Competitive Insights: The major players in the global advanced wound care market are The 3M Company, Smith & Nephew, Medtronic Plc., Mölnlycke Healthcare, Coloplast Corporation, Paul Hartmann, Cardinal Health, B. Braun, Mimedx Group, Convatec Group, Integra Lifesciences Holdings Corp., and Acelity L.P. Inc. VynZ Research Call: +91-996-028-8381 Toll-Free (U.S. and Canada): +1-888-253-3960 Email: enquiry@vynzresearch.com Web: https://www.vynzresearch.com Connect with Us:LinkedIn | Facebook | Twitter

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