Advanced Wound Care Market Set for Rapid
Growth and Trend by 2023
Global Advanced Wound Care Market report explores future trends
for supply, demand and market growth rate, market size, prices,
trading, competition and value chain as well as Key Players of the
industry’s information with forecast from 2019 to 2023.
Global Advanced Wound Care Market Synopsis:
According to Market Analyst, The Global Advanced Wound Care Market is expected to grow at an
impressive Compound Annual Growth Rate (CAGR) from 2019 to 2023.
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Advanced wound care products are gradually replacing the traditional wound care products due to their
efficacy and effectiveness in managing wounds by enabling faster healing. Some of the significant
factors driving the growth of the Advanced Wound Care Market are rapid increase in the incidence of
chronic diseases, such as diabetes, due to a change in lifestyle factors and the attempts to reduce the
duration of hospital stays to bound the surgical costs.
In addition, the demand for the advanced wound care market is driven by favorable reimbursement
scenario, increase in healthcare expenditure by the government, and rise in inclination towards products
that enhance therapeutic outcomes.
The highly fragmented nature of the wound dressings market has encouraged market players to shift
focus toward relatively niche segments such as advanced wound dressings. Venous ulcer, diabetic foot
ulcers, and pressure ulcers are major types of chronic wounds, while surgical and burn cases are major
type of acute wounds.
The global advanced wound care market has been segmented based on product, wound type, end-user,
and region. In terms of end-user, the global advanced wound care management market has been
divided into hospitals & clinics, ambulatory surgical centers, home health care, and others. Expansion of
the hospitals & clinics segment can be attributed to the increase in prevalence of chronic wounds in
inpatient settings, especially in ICUs.
Regionally, North America dominated the global advanced wound care management market in 2018
owing to a highly developed health care sector, increase in awareness among health care providers
about wound care management, and continuous evolution of advanced wound care products. Europe is
also an attractive market, in term of revenue.