Global Wound Biologics Market – Size by Type, By Distribution Channel, And Forecast till 2022-2031

Global Wound Care Solutions Market – Drivers, Restraints, Opportunities, Trends, and Forecast up to 2031
[83 pages report] This market research report includes a detailed segmentation of the global wound care solutions market by product type (advanced wound care [foam, alginate, hydrogel, NPWT, active], traditional wound care [surgical sutures, wound closure strips, staples, ligating clips, adhesives & sealants, hemostats, dressings]); by wound type (chronic wound, acute wound); and by region (North America, Europe, Asia Pacific, Rest of the World)

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Overview of the Global Wound Care Solutions Market
Infoholic’s market research report predicts that the “Global Wound Care Solutions Market” will grow at a CAGR of ~5.0% during the forecast period. The market has witnessed steady growth in the past few years and is sustaining due to increasing prevalence of diabetes, increase in the number of surgical procedures, rising incidence of chronic wounds, and technological advancements in the wound care product.

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Increase in the funding to develop next-generation technology and rising focus on creating awareness among the people for better wound care treatment and management are providing opportunities for the growth of the wound care solutions market. Merger & acquisition has been one of the significant trends seen in the market place, and many vendors are concentrating on acquisitions to enhance their market position and existing portfolio.
The majority of the revenue is generated from the leading players in the market with dominating sales from 3M, Acelity L.P.Inc, Johnson & Johnson, Medtronic Plc, Coloplast A/S, Baxter International Inc, Smith & Nephew Plc, ConvaTec Group Plc, Derma Sciences Inc (Integra Lifesciences), Hollister Co, and Molnlycke Health Care.
According to the analysis, North America accounted for the largest share of the global wound care solutions market in 2018. The Asia Pacific region is expected to witness the fastest growth rate due to large patient pool, increasing surgeries, and rising healthcare expenditure.
By Product Type:
• Traditional Wound Care
• Advanced Wound Care
Traditional wound care products held a significant share in the global wound care solutions market in 2018. The market for advanced wound care is expected to grow at the fastest rate during the forecast period 2019–2025.
By Wound Type:
• Acute Wound
• Chronic Wound
Chronic wound holds the major share of the market, followed by acute wound. Nearly 2% of the population in developed countries suffer from some form of a chronic wound. In the US, about 8.2 million individuals receiving Medicare benefits have chronic wounds.
By Regions:
• North America
• Europe
• RoW
North America was dominant in the global wound care solutions market in 2018. The significant share of the North American region comes from the US, owing to the accessibility to good quality healthcare and good reimbursement facilities.
Wound Care Solutions Market Research Competitive Analysis – Mergers & acquisitions have been a significant strategy followed by major players in the market to maintain their leadership. In May 2019, 3M entered into a definitive agreement to acquire Acelity L.P. Inc. and its KCI subsidiaries worldwide. This acquisition strengthens 3M’s medical solutions business and supports the company’s growth strategy in advanced and surgical wound care solutions.

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