Day: January 21, 2021

Pune, India, Jan. 21, 2021 (GLOBE NEWSWIRE) — The global chronic wound care market size is projected to reach USD 16.36 billion by the end of 2027. The increasing investment in the technological integration will open up a huge potential for the growth of the overall market. According to a report published by Fortune Business Insights, the market was worth USD 10.12 billion in 2019 and will exhibit a CAGR of 6.2% during the forecast period, 2020-2027. As of 2019, the market in North America was worth 3.87 billion and this value is projected to increase at a considerable pace in the coming years.Chronic wounds are diseases that haven’t been successfully treated during the process of treatment of repair. The costs associated with chronic wounds are much higher than normal disease treatment. According to data published by the US National...

Pune, India, Jan. 21, 2021 (GLOBE NEWSWIRE) — The global dialysis market size is projected to reach USD 177.56 billion by 2027, exhibiting a CAGR of 7.7% during the forecast period. Complications caused in the renal system by the COVID-19 infection is likely to spike the demand for dialysis during the current year, states Fortune Business Insights™ in its report.The COVID-19 infection, according to researchers at the Johns Hopkins University, has been affecting kidney function in patients, even among those who have no history of kidney disease or any underlying renal condition. The university’s preliminary reports found that around 30% of the coronavirus patients in New York and China suffered from moderate to severe kidney malfunction during their hospital stay.KEY INDUSTRY DEVELOPMENTS:October 2019 – The USFDA granted breakthrough...

CHATTANOOGA, Tenn., Jan. 21, 2021 (GLOBE NEWSWIRE) — Bridges Consumer Healthcare LLC (“Bridges”) has announced the acquisition of Clarion Brands, LLC, (“Clarion” or the “Company”) from Swander Pace Capital, adding to its platform of North American over-the-counter (“OTC”) consumer healthcare brands. Bridges was formed in November 2020 by industry veterans Robert Long (Chief Executive Officer) and Blair Ramey (EVP and Chief Commercial Officer) and Charlesbank Capital Partners, a leading private investment firm focused on the middle market. As part of its formation, Bridges acquired the North American rights to ThermaCare® HeatWraps (“ThermaCare”). With Clarion, Bridges diversifies its portfolio, adding several premier OTC brands with strong product differentiation.Clarion is a scale OTC business anchored by premier brands that target...