Advanced Wound Care Market Share & Trends 2022
Global advanced wound care (AWC) market was valued at $7,117 million in 2015 and will reach $12,454 million at an expected CAGR of 8.3% from 2016 to 2022. Active wound care is projected to be the dominant segment by 2022. North America is estimated to maintain its lead position throughout the forecast period with around two-fifths share in 2015. Major factors that boost the market growth include the change in lifestyle conditions that lead to increased diabetic wounds and pressure ulcers, technological advancements, favorable reimbursement scenario in developed economies, and increase in adoption rate of advanced wound care products. Moreover, there is a positive correlation between aged population and frequent occurrences of severe chronic & surgical wounds. High unmet medical needs and rise in preference for products that enhance therapeutic outcome are anticipated to drive the demand for these products. However, high cost of products and unfavorable reimbursement policies in the emerging countries restrict the market growth. Read more details at: https://www.alliedmarketresearch.com/advanced-wound-care-market
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