20.42 Billion by 2027
The growth of the market is driven by the increasing incidences of diabetes and its prevalence and increasing wound ulcer prevalence.
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The global Advanced Wound Care Market is expected to reach USD 20.42 Billion by 2027, according to a new report by Emergen Research. The market is primarily driven by increasing diabetes incidence and prevalence, increasing geriatric population, increasing wound ulcer prevalence, advancing technology in advanced wound care products, increased funding for wound care research, and increasing awareness programs on wound management.
The rising geriatric population base at high risk of chronic wounds will support the demand for advanced wound care products. The rising pool of patients suffering from chronic injuries causes significant cost burdens on healthcare systems worldwide.
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• The large proportion of surgical wounds in the wound type segment can be attributed to the increasing incidence of diabetic foot ulcers & pressure ulcers and post-operative surgical wounds. Surgical wounds extend the stay of the hospital, cause an enormous economic burden, and significantly impair the quality of life. The increasing number of surgeries due to trauma, accidents, and increasing chronic disease prevalence will boost the market over the forecast period.
• Increasing hospital admissions due to chronic and increased incidence of hospital-acquired pressure ulcers are key market drivers for this end-user segment's growth. Furthermore, extended hospital stays of diabetes patients in this end-user segment further increases the demand for advanced wound care products.
• The market for moist wound therapy is expected to grow at a CAGR of 9.5% during the forecast period. Factors that drive this segment's growth include the increasing incidence of diabetes-associated ulcers and increased demand for innovative and advanced wound dressings to treat such wounds. Request Free Sample Copy@ https://www.emergenresearch.com/request-sample/56
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For the purpose of this report, Emergen Research has segmented into the global Advanced Wound Care Market on the basis of product type, wound type, end-user, and region:
Product Type Outlook (Revenue, USD Billion; 2017-2027)
Moist Wound Dressings
Foam
Hydrocolloid
Film
Alginate
Hydrogel
Collagen
Wound Type Outlook (Revenue, USD Billion; 2017-2027)
Surgical Wounds
Ulcers
Burns
Traumatic Wounds
Others
Read More@ https://www.emergenresearch.com/industry-report/advanced-wound-care-market
Parameter Details
Market Size Estimation Period
2020-2027
Base Year Considered 2019
Historical Data
Forecast Period
2016-2018
2020-2027
Quantitative Units Revenue in USD million & CAGR from 2021 to 2028
Segments Covered Types, Application, End-Users, Regions & more.
Countries Included The U.S., Germany, U.K., Italy, China, India, Japan, Brazil
Report Coverage Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends
Regions Scope North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Customization Scope 10 hours of free customization & expert consultation
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