The growth of the market is driven by the increasing incidences of diabetes and its prevalence, increasing geriatric population and increasing wound ulcer prevalence.
Market Size – USD 10.34 Billion in 2018, Market Growth - CAGR of 4.5%, Market Trends –Rising geriatric population base at high risk of chronic wounds will support demand for advanced wound care products.
NEW YORK, April 25, 2019 (GLOBE NEWSWIRE) -- The Advanced Wound Care Market is forecasted to grow from USD 10.34 Billion in 2018 to USD 14.89 Billion by 2026, at a CAGR of 4.5% during the forecast period. The market is primarily driven by increasing diabetes incidence and prevalence, increasing geriatric population, increasing wound ulcer prevalence, advancing technology in advanced wound care products, increased funding for wound care research, and increasing awareness programs on wound management.
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Rising geriatric population base at high risk of chronic wounds will support the demand for advanced wound care products. The rising pool of patients suffering from chronic injuries causes significant cost burdens on healthcare systems worldwide.
It is predicted that the existing and rising cost burden of these chronic wounds will drive investment in advance wound care technology that will have a significant positive impact on the growth of industry. However, prohibitive costs of advance wound care products, which often undermine affordability of treatment, will in the foreseeable future hinder industry growth.
Impaired or delayed healing of the wound in chronic diseases as well as after surgical procedures poses serious threat to patients and puts them at risk of infection, amputation and death.
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Further key findings from the report suggest
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Segments covered in the report:
This report forecasts volume and revenue growth at a global, regional & country level, and provides an analysis on the industry trends in each of the sub-segments from 2016 to 2026. For the purpose of this study, Reports and Data have segmented the market on the basis of product type, wound type, end user and regional analysis.
Product Type (Revenue, USD Million; 2016-2026)
Wound Type (Revenue, USD Million; 2016-2026)
End User (Revenue, USD Million; 2016-2026)
Region (Revenue, USD Million; 2016-2026)
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