Rising prevalence of diabetes will help the global active wound care market gain momentum, predicts Fortune Business Insights, in their recent study. The study is titled “Active Wound Care Market: Global Market Analysis, Insights, and Forecasts, 2018 – 2025.” The market, as per the study is prognosticated to exhibit a CAGR of 5.3% and be worth US$ 2039.9 Mn from US$ 1361.7 Mn within the forecast period of 2018 to 2025.
In terms of ulcer, diabetic foot ulcer segment is expected to register high rate of growth because of the rising prevalence of diabetes worldwide. According to the National Institute of Health (NIH), foot ulcer is a common problem associated with diabetes, comprising 15% of diabetics worldwide. Healing of ulcer may get complicated if not taken proper care. This factor fuels demand in the ulcer segment, which is expected to continue dominating the global market in coming years.
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Leading Players operating in the Active Wound Care Market are:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
Integra Life Sciences Corporation,
Cytori Therapeutics Inc.,
Smith & Nephew,
Osiris Therapeutics, Inc.
Increasing Demand for Emergency Medical Aid Services to Propel Market
With the rise in geriatric population and their vulnerability to contract various diseases, especially chronic diseases, the demand for active wound care is expected to rise. Besides this, the rise in the number of road accidents and increasing demand for emergency medical aid will also help the market to gain momentum in the coming years
Furthermore, the market is expected to benefit from governments initiatives and rising investment towards the research and development (R&D) of novel healthcare solutions. Technological advancements aimed at transforming the prevailing active wound care trends will also help the market gain momentum.
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Integra Life Sciences Corporation, Organogenesis, Inc., and MiMedex to Lead Market
Geographically, the global active wound care market is witnessing immense growth opportunities in North America. This is because of the increasing prevalence of diabetic population and wound cases in the region, resulting from road accidents. The presence of sophisticated healthcare services in the region is also aiding the growth of the market. On the other side, wound dressing market in Asia Pacific is anticipated to show significant rise in future owing to the considerable growth of the healthcare sector in the emerging nations of India, and China. Rise in population and increasing healthcare awareness in these nations will drive the market in Asia Pacific, making it the fastest growing region during the forecast period.
Detailed Table of Content:
Definitions and Assumptions
Prevalence of Key Disease Indications (Diabetic Foot Ulcers, Pressure Ulcers, Lower Limb Ulcers Etc.) for Key Countries/Region
Recent Industry Developments such as Partnerships, Mergers & Acquisitions
New Product Launches
Regulatory Framework by Key Countries
Reimbursement Scenario, Key Countries
Economic Cost Burden For The Treatment Of Chronic Wounds By Key Countries/ Region
Global Active Wound Care Market Analysis, Insights and Forecast, 2014-2025
Key Findings / Summary
Market Analysis, Insights and Forecast – By Product Type
Biological Skin Equivalents
Epidermal Growth Factors
Platelet-derived Growth Factors
Active Dressings (Honey Impregnated Dressings, etc.)
Market Analysis, Insights and Forecast – By Indication
Diabetic Foot Ulcers
Lower Limb Ulcers
Market Analysis, Insights and Forecast – By End User
Home Care Settings
Market Analysis, Insights and Forecast – By Region
Middle East & Africa
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Extensive product offerings
Customer research services
Robust research methodology
Latest technological developments
Value chain analysis
Potential Active Wound Care Market opportunities
Regular report updates
Reasons to Purchase this Report:
Comprehensive analysis of the Active Wound Care Market growth drivers, obstacles, opportunities, and other related challenges.
Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
Identifies market restraints and boosters.
Identifies all the possible segments present in the market to aid organizations in strategic business planning.
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