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Hong Kong Wound Dressing Market Size, Top Players, Trends in Upcoming Years

As per a report by P&S Intelligence, the Hong Kong wound dressing market reached a value of $38.9 million, and is projected to exhibit a CAGR of 5.9% during the forecast period (2020u20132030). The major factors leading to the growth of the market are rising prevalence of diabetes, increasing incidence of traumatic injuries, and growing geriatric population. On the basis of type, the market is divided into traditional and advanced, between which, the advanced category dominated the market in 2019.

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Hong Kong Wound Dressing Market Size, Top Players, Trends in Upcoming Years

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  1. Healthcare © P&S Intelligence. All rights reserved Page 1

  2. Hong Kong Wound Dressing Market to Witness 5.9% CAGR during 2020–2030 As per a report by P&S Intelligence, the Hong Kong wound dressing market reached a value of $38.9 million, and is projected to exhibit a CAGR of 5.9% during the forecast period (2020–2030). The major factors leading to the growth of the market are rising prevalence of diabetes, increasing incidence of traumatic injuries, and growing geriatric population. On the basis of type, the market is divided into traditional and advanced, between which, the advanced category dominated the market in 2019. Receive Sample Copy of this Report: https://www.psmarketresearch.com/market-analysis/hong- kong-wound-dressing-market/report-sample Advanced wound dressing is highly advantageous for traumatic injuries that are severe and need prompt medical attention to reduce the patient’s susceptibility to infections. Moreover, this dressing type regulate the moisture level and absorb exudate around the wound, and hence protects the wound base and the tissue around it. The advanced division is further categorized into films, foams, hydrocolloids, alginates, superabsorbents, hydrogels, wound contact layers, collagen, hydrofiber, and negative pressure wound therapy, among which, foam held the largest share of the market in 2019. Make an Enquiry before Purchase: https://www.psmarketresearch.com/send-enquiry?enquiry- url=hong-kong-wound-dressing-market On the basis of application the Hong Kong wound dressing market is categorized into active wounds and chronic wounds, between which, the chronic wound is predicted to grow at a faster pace during the forecast period. Chronic wounds need proper attention and care, since an untreated wound of this type result in skin infections and spread to the blood stream and cause sepsis. There are different types of chronic wounds, namely pressure ulcers, diabetic foot ulcers, and venous foot ulcers. In terms of end user, the Hong Kong wound dressing market is classified into long-term care settings, home healthcare, and hospitals and specialty clinics. Out of all these, hospitals and specialty clinics classification accounted for the major share of the market in the past and is further expected to witness the highest CAGR during the forecast period. A large number of patients prefer visiting these healthcare settings when they are affected by severe injuries in the country. © P&S Intelligence. All rights reserved Page 2

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