Stratview Research has published a new report titled “Wound Care Products Market” which is segmented By Type (Collagen Products, Antimicrobial Dressings, Foam Dressings, Gauze, Hydrocolloids, Film Dressings, Other), By Application (Acute Wounds, Chronic Wounds, Surgical Wounds), By End User (Hospitals and Specialty Wound Care Clinics, Long Term Care Facilities, Home Healthcare), and Region.
As per the study, the Global Wound Care Products Market is estimated to grow from USD 20.2 billion in 2020 to USD 27.0 billion by 2026 at a healthy CAGR of 5.1% during the forecast period.
Report Highlights
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
Based on end user, the market has been divided into hospitals and specialty wound care clinics, long term care facilities, and home healthcare. Hospitals and specialty wound care clinics accounted for the largest share in 2020 on account of widespread product usage and rising number of hospitals and clinics. The long term care facilities segment is likely to register healthy growth during the review period.
The market in Europe accounted for the largest share in 2020 due to the presence of an established healthcare industry and key market players such as Smith and Nephew Plc. (U.K). Additionally, the high demand for advanced wound care products coupled with the rising geriatric population in the developed markets is another factor fuelling the product demand. The market in the Asia-Pacific region is projected to register a healthy growth rate on account of high product in developing countries including India and China with increased spending on healthcare infrastructure development.
Who are the Key Players in the Market?
This report provides market intelligence in the most comprehensive way. It also provides critical insights into the key players active in the market, that will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players activen in the Wound Care Products Market:
· 3M Health Care (The U.S),
· Smith and Nephew Plc. (UK),
· Integra Lifesciences Corporation (The U.S),
· Acelity L.P., Inc. (The U.S),
· Molnlycke Health Care (Sweden),
· ConvaTec, Inc. (The U.S),
· Organogenesis Inc. (The U.S),
· Coloplast Corp. (Denmark),
· Medline Industries, Inc. (The U.S),
· MPM Medical, Inc. (The U.S),
· Derma Sciences (The U.S), and
· Medtronic plc (Ireland).
Key questions answered by the report
- What is the projected CAGR for revenue from the Wound Care Products Market during the forecast period?
- What would be the market be valued at by 2026?
- What is a major driving factor for growth of the market?
- Which region accounted for largest revenue share in the Wound Care Products Market?
- Which are the major market players?
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