Wound Care Market Anticipated To Reach USD 29.6 Billion By 2030

 San Francisco, 14 June 2022: The Report Wound Care Market Size, Share & Trends Analysis Report By Product (Advanced, Surgical, Traditional), By Application (Chronic Wounds, Acute Wounds), By End-use (Hospitals, Specialty Clinics), By Region, And Segment Forecasts, 2022 - 2030

The global wound care market size is anticipated to reach USD 29.6 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.1% from 2022 to 2030. The increasing number of surgical cases, rapidly aging population, as well as rising number of diabetic patients, are among the major factors driving this market’s growth. For instance, according to Ageing Asia, as of 2019, more than 139 million people i.e., about 10% of the total population in India were over the age of 60. This is expected to increase up to 19.5% in 2050. The geriatric population is more susceptible to wounds, and thus, the increasing elderly population is anticipated to propel the market growth during the forecast period. 

Obesity and overweight are major health concerns that lead to a number of associated diseases or complications such as diabetes and cardiovascular diseases. As per the WHO, in 2016, over 1.9 billion adults were overweight, out of which around 650 million people were obese, and around 2.8 million people die each year being overweight/obese. Such instances are expected to increase the demand for bariatric procedures and other related surgeries, thereby propelling the market growth during the forecast period. 

Furthermore, with the introduction of the COVID-19 vaccine, and the lifting of lockdown impositions, the market is expected to impel in the coming years. Many elective surgeries which were postponed are expected to take place. In addition to this, many leading manufacturers are undergoing strategic initiatives such as product launches, partnerships, and geographic expansions, which may help them to capitalize on the increasing demand for wound care products during the forecast period. For instance, Human Biosciences is planning to launch two new wound care products in the Indian market. The launch of these products in the Indian market is expected to help the company to capture the post-pandemic market in India. Thus, similar initiatives by other market players are anticipated to boost market growth during the post-pandemic time. 

Access Research Report of Wound Care Market @ https://www.grandviewresearch.com/industry-analysis/wound-care-market

Wound Care Market Report Highlights

  • Based on product, the advanced wound dressing segment dominated the market and accounted for a revenue share of 34.6% in 2021, owing to an increase in the number of diabetic pressure ulcer patients
  • Based on application, the chronic wound segment dominated the market and accounted for a revenue share of 59.9% in 2021, owing to the rising incidences of traumatic injuries around the world
  • On the basis of end-use, the hospital segment dominated the market owing to an increasing number of surgical site infections among patients in hospitals. On the other hand, the home healthcare segment is anticipated to witness the fastest growth in the forecast period
  • North America dominated the market and accounted for the highest revenue share of 45.4% in 2021, owing to the increasing number of surgical procedures and technological advancements in the region

List of Key Players in the Wound Care Market

  • Smith & Nephew
  • Mölnlycke Health Care AB
  • ConvaTec Group PLC
  • Ethicon (Johnson & Johnson)
  • Baxter International
  • URGO Medical
  • Coloplast Corp.
  • Medtronic
  • 3M
  • Derma Sciences Inc. (Integra LifeSciences)
  • Medline Industries
  • Advancis Medical
  • Braun Melsungen AG

Access Press Release of Wound Care Market @ https://www.grandviewresearch.com/press-release/global-wound-care-market

 

Comments

Post a Comment

Popular posts from this blog

U.K. Point Of Sale Software Market To Expand Industry Growth At USD 1.05 Billion By 2028

Image
  San Francisco, 21 Jan 2022:   The Report  U.K. Point Of Sale Software Market  Size, Share & Trends Analysis Report By Application (Fixed POS, Mobile POS), By Deployment, By Organization Size, By End-user, And Segment Forecasts, 2021 - 2028 The global U.K. point of sale software market size is expected to reach USD 1.05 billion by 2028, expanding at a CAGR of 8.1% from 2021 to 2028, according to the new study conducted by Grand View Research, Inc. The integration of a Point-Of-Sale (POS) solution with capabilities such as sales reports monitoring, cash flow recording, product demand analysis, tracking delivery status, and inventory management ensure systematic functioning and upscaling of a business. The adoption of POS software is directly impacted by the demand for POS terminals, which is witnessing growth in demand due to changing lifestyles and government policies. However, the COVID-19 pandemic disrupted the industry's business, wherein ...
Read more

Gas Detection Equipment Market Anticipated To Expand At A CAGR 9.7% From 2021 To 2028

  San Francisco, 5 May 2021:   The Report  Gas Detection Equipment Market  Size, Share & Trends Analysis Report By Product, By Technology (Infrared, Catalytic, PID), By End-use, By Region, And Segment Forecasts, 2021 - 2028 The global gas detection equipment market size is expected to reach USD 8.38 billion by 2028, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 9.7% from 2021 to 2028. The market growth can be attributed to the growing awareness among governments regarding the harmful effects of greenhouse gases, coupled with their increased efforts toward protecting the environment. Major industries such as petroleum, oil, and gas, among others are needed to comply with safety and environmental regulations which are also major factors driving the market growth. Many companies are focused on introducing drone-based gas detection equipment, which is expected to create new opportunities for market growth in...
Read more