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Chronic Wound Care Market to Reach USD 16.36 Billion by 2027; High Prevalence of Diabetic Ulcers will Provide Impetus to Market Growth, says Fortune Business Insights™

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Pune, Aug. 03, 2020 (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, titled “Chronic Wound Care Market Size, Share & COVID-19 Impact Analysis, By Type (Diabetic Ulcers, Pressure Ulcers, Venous Ulcers, and Arterial Ulcers), By Product (Advanced Wound Dressings, Wound Care Devices, Active Therapy, and Others), By End User (Hospitals & Wound Care Centers, and Homecare Settings & Others), and Regional Forecast, 2020-2027,” the market was worth USD 10.12 billion in 2019 and will exhibit a CAGR of 6.2% during the forecast period, 2020-2027.https://www.fortunebusinessinsights.com/industry-reports/chronic-wound-care-market-100222
The high emphasis on early detection and treatment of chronic diseases will also contribute to market growth. Chronic wounds can result in severe conditions that can be potentially life-threatening; a factor that has created huge awareness regarding the treatment of the disease. The presence of several large scale healthcare companies, coupled with the massive investments in product R&D, will emerge in favor of growth of the overall chronic wound care market in the coming years.The recent coronavirus outbreak has instilled a sense of panic and confusion among people across the globe. The rapid spread of the disease has compelled people to stay indoors. Moreover, governments of several countries across the world have taken several efforts to curb the spread of the disease; lockdown and social distancing being the most effective measures. As a result, the number of hospital visits during the pandemic has gone down significantly. This factor will negatively affect the chronic wound care market in the immediate future.An Overview of the Impact of COVID-19 on this Market:The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.To get the short-term and long-term impact of COVID-19 on this Market.Please visit: https://www.fortunebusinessinsights.com/industry-reports/chronic-wound-care-market-100222
The report encompasses several factors that have contributed to the growth of the overall market in recent years. Accounting to the rising prevalence of chronic diseases across the world, several large scale companies are looking to invest more in product innovations with a bid to acquiring a wider consumer base. The increasing investments in product innovations will bode well for the growth of the overall market in the coming years.In February 2019, Axio Biosolutions Pvt. Ltd. announced the launch of a new advanced dressing made from an advanced product. The company announced the launch of ‘MaxioCell,’ a product that is made from chitosan. Through this product, the company will look to strengthen its position in the global market. Axio Bioslolutions’s latest product will not just benefit the company but will also have a direct impact on the growth of the overall chronic wound care market in the foreseeable future.North America Likely to Emerge Dominant; Presence of Several Health Reimbursement Policies will Bode Well for Market GrowthThe report analyses the latest market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in North America is projected to emerge dominant in the coming years. The high prevalence of chronic diseases, especially in the Unites States, will create several growth opportunities for the companies operating in this region.
List if the Leading Companies Operating in the Chronic Wound Care Market are:
Smith & Nephew (London, U.K.)Cardinal Health (Dublin, Ohio)Coloplast Corp (Humlebaek, Denmark)ConvaTec Inc. (England, U.K.)Mölnlycke Health Care AB (Gothenburg, Sweden)Integra LifeSciences Corporation (New Jersey, U.S.)3M (Minnesota, U.S)B. Braun Melsungen AG (Melsungen, Germany)Tissue Regenix (West Yorkshire, U.S)Other Players
Industry Developments:July 2018: A team of scientists at Tufts University announced the launch of a new smart bandage to monitor chronic wounds and automatically deliver antibiotics at wound site when they are required.IntroductionResearch ScopeMarket SegmentationResearch MethodologyDefinitions and AssumptionsExecutive SummaryMarket DynamicsMarket DriversMarket RestraintsMarket OpportunitiesKey InsightsPrevalence of Key Chronic Wounds, By Key Countries/ Regions, 2019New Product Launches, By Key Market PlayersKey Industry Developments (Mergers, Acquisitions, etc.)Global Chronic Wound Care Market Analysis, Insights and Forecast, 2016-2027Key Findings / SummaryMarket Analysis, Insights and Forecast – By TypeDiabetic UlcersPressure UlcersVenous UlcersArterial UlcersMarket Analysis, Insights and Forecast – By ProductAdvanced Wound DressingsWound Care DevicesActive TherapyOthersMarket Analysis, Insights and Forecast – By End UserHospitals & Wound Care CentersHomecare Settings & OthersMarket Analysis, Insights and Forecast – By RegionNorth AmericaEuropeAsia PacificLatin AmericaMiddle East & AfricaTOC Continued…!!!
Wound Care Devices Market Size, Share and Industry Analysis By Product Type (Negative Pressure Wound Therapy (NPWT), Hyperbaric Oxygen Therapy (HBOT), Extracorporeal Shock Wave Therapy (ESWT)), Indication (Diabetic Foot Ulcers, Pressure Ulcers, Surgical Wounds), End Users (Hospitals, Clinics, Home Care Settings) and Regional Forecast, 2018 – 2025
Wound Care Market Size, Share & Covid-19 Impact Analysis, By Type (Advanced Wound Dressing, Traditional Wound Care Products, Negative Pressure Wound Therapy, Bioactives, and Others), By Application (Chronic Wounds, and Acute Wounds), By End User (Hospitals, Clinics, Homecare Settings, and Others), and Regional Forecast, 2020-2027
Advanced Wound Care Market Size, Share and Global Trend By Product (Advanced Wound Dressings, Wound Care Devices & Active Wound Care), Indication (Diabetic Foot Ulcers, Pressure Ulcers, Surgical Wounds, Others), End User and Geography Forecast till 2025Advanced Wound Dressings Market Size, Share and Global Trend By Product Type (Alginate Dressings, Hydrogel Dressings, Film Dressings, Hydrocolloid Dressings, Antimicrobial Dressings, Foam Dressings), Indication (Diabetic Foot Ulcers, Pressure Ulcers, Surgical Wounds), End Users (Hospitals, Clinics, Home Care Settings) and Geography Forecast till 2025Active Wound Care Market Size, Share and Global Trend by Product Type (Biological Skin Equivalents, Growth Factors, Biological Dressings), Indication (Diabetic Foot Ulcers, Pressure Ulcers, Lower Limb Ulcers), End User (Hospitals, Clinics, Home Care Settings) and Geography Forecast till 2025Diabetic Foot Ulcer (DFU) Treatment Market Size, Share & Industry Analysis, By Ulcer Type (Neuropathic Ulcer, Ischemic Ulcer, Neuro-ischemic Ulcer), By Product (Wound-care Dressings, Wound-care Devices, Active Therapies, and Others), By End User (Hospitals, Clinics, Ambulatory Surgical Centers, and Homecare Settings), and Regional Forecast, 2019-2026Animal Wound Care Market Size, Share and Global Trend By Animal Type (Companion animal, Livestock animal), By Product Type (Surgical Wound Care products, Advanced Wound Care products, Traditional Wound Care products), By End-user (Veterinary hospitals & clinics, Home care settings, Others) and Geography Forecast till 2026
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.Contact Us:Fortune Business Insights™ Pvt. Ltd.
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Press Release: https://www.fortunebusinessinsights.com/press-release/global-chronic-wound-care-market-10131

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