market Research / Analysis advanced wound care market evaluation | Page 2

Smith & Nephew
B.Braun
ConvaTec Group
Integra Lifesciences
3M
Cardinal Heatch
Medtronic
MPM Medical
Paul Hartmann
MiMedx Group (*Financial details might not be captured in case of privately-held companies or
for companies that do not report this information in public domain)
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Increasing Geriatric Population
The population of geriatric population across the world has grown rapidly over the past several
decades. Moreover, this growth has witnessed an unprecedented rate in recent times. In 2016, it
was approximated that the population of individuals aged 65 years or older was 8.5% or 617 million
of the entire world population. Furthermore, it is projected that the figure will witness an increment to
17% i.e. 1.6 billion by the end of 2050. Such rapid growth of geriatric population is anticipated to
present a remunerative growth opportunity for the global advanced wound care market in the coming
times. Since, the utilization of advanced wound care products for assisting treatment and facilitating
faster recovery of wounds among aged population is enormously crucial.
Browse key industry insights spread across 150 pages with market data tables & figures & charts
from the report , Advanced Wound Care Market by Product (Wound Dressings (Foams,
Hydrocolloids, Alginates, Collagen), Therapy Devices (Electrical Devices, Pressure Relief
Devices) Active Wound Care (Autograft, Allograft), Wound Type (Surgical, Trauma, Ulcers,
Burns), End User (Hospital, Home Care) - Global Analysis & Forecast 2019-2030 in detail along
with the table of contents: https://www.marketindustryreports.com/1/advanced-wound-care-
market
High Costs of Advanced Wound Care Products to Restrain the Market
High costs associated with advanced wound care products are one of the major factors affecting the
growth of the advanced wound care market. Availability of affordable and cheaper versions of wound
care products and high surgical costs associated with advanced wound care products is anticipated
to be one of the major hindrances in the growth of the global advanced wound care market.
Rapid Growth of the Asia Pacific Market
Asia Pacific is estimated to witness the highest CAGR during the forecast period. Increasing geriatric
population, continuously growing economy, increasing burden of chronic diseases and increasing
awareness regarding latest healthcare technology is anticipated to present a lucrative growth
scenario for the advanced wound care market in this region. Furthermore, improving healthcare
facilities, coupled with supportive government healthcare regulations and norms is expected to
present an attractive growth prospect for the market in the coming years.