Description
The global wound care management market was valued at USD 9.1 billion in 2013 and is expected to reach a value of USD 12.6 billion by 2018 , at a CAGR of 6.72 %. Traditional and advanced wound care & closure products are used to treat acute and chronic wounds . Chronic wounds are the
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wounds that are hard to heal , take substantial time to heal and are expensive to treat . Advanced wound care & closure products are emerging as a standard solution for treating chronic wounds . Traditional wound care & closure products are being increasingly substituted with advanced wound care & closure products due to their efficacy and effectiveness in managing wounds by enabling faster healing . Attempts to reduce the duration of hospital stays in order to limit surgical healthcare costs and the rising inclination towards products that enhance therapeutic outcomes are driving the demand for advanced wound care & closure produ cts . The risks associated with ineffective wound healing
promote the demand for combination dressings , which is a modern trend in the market and is replacing traditional wound dressing methods . Global Advanced Wound Care Management Market- Market Dynamics The report details several driving factors and restraints for the advanced wound care management market . Some of these are listed below .
Drivers Increase in aging population Rise in the chronic diseases Technological advancements Government initiatives Increase in surgical procedures
Restraints High cost of procedures Lack of proper reimbursements Reluctance in acceptance of new technologies
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The wound care management market is segmented on the basis of the type of wound , application basis , end-user segment and on the basis of geography . On the basis of the type of wound , the market is segmented into advanced wound closure and advanced wound care . On the basis of applications , the market is segmented into epidemiology , burns , ulcers , surgical wounds and others .
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