August 29, 2022 15:20 ET | Source: Straits Research Straits Research
New York, United States, Aug. 29, 2022 (GLOBE NEWSWIRE) -- The global demand for Wound Care products is increasing as the number of patients with chronic and acute wounds rises. Market leaders continually focus on introducing innovative wound care products to meet unmet demand. As a result, more people are using conventional, bioactive, and other wound care products. In addition, governments in developing nations and other for-profit and non-profit organizations are increasingly focusing on various awareness campaigns to educate the public about innovative product offerings and therapeutic options for chronic and advanced wounds.
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Growing Popularity of Ambulatory Surgery Centers (ASCs) and Expanding funding for R&D Activities Drives the Global Market
The increase in Ambulatory Surgical centers (ASCs) is also anticipated to impact the wound care market. Surgery, testing, and preventive care are just a few of the many services that ASCs provide. Surgery for pain management, urology, orthopedics, restorative, reconstructive, alternative plastic surgery, and gastrointestinal (GI) surgery are all performed in ambulatory surgery facilities. ASCs have become more prevalent, their services have improved, and they have become more affordable.
Due to increased R&D spending and the launch of innovative products by market players like B. Braun Melsungen AG and ConvaTec Group PLC, demand for these products is predicted to increase, especially in developed countries. Additionally, the distinct clinical benefits of negative pressure wound therapy and the introduction of cutting-edge features like single use by market players entice medical professionals worldwide to use NPWT devices.
Growing Need for Refined Products Creates Tremendous Opportunities
Numerous manufacturers attempt to expand the market primarily through acquisitions in developing regions. In addition, market participants are anticipated to adopt mergers or acquisitions with regional players and other expansion strategies to expand their market offerings. In addition, the growth of the markets for sealants, glues, and hemostats has been strong enough to captivate market participants.
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North America has dominated the wound care market with the highest revenue share and is expected to increase during the forecast period. Significant factors influencing the market growth in this region include a sizable population base and an expanding patient pool in nations like the U.S.
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Global Wound Care Market: Segmentation
Table of Content and Figure @ https://straitsresearch.com/report/wound-care-market/toc
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Active Wound Care Market: Information by Product (Biomaterials, Skin-substitute), Application (Chronic Wounds, Acute Wounds), and Region — Forecast till 2030
Acute Wound Care Market: Information by Product (Advanced Wound Dressing, Surgical Wound Care), Application (Chronic Wounds and Acute Wounds), End-User, and Region — Forecast till 2030
Advanced Wound Care Market: Information by Product (Advanced Wound Dressings), Wound Type(Surgical and Traumatic Wounds), End-User(Hospitals), and Region — Forecast till 2029
Wound Care Biologics Market: Information by Product (Biological Skin Substitutes), Wound Type (Ulcers, Burns, Surgical & Traumatic Wounds), End User and Regional Outlook—Forecast Till 2026
Surgical Lights Market: Information by Technology (LED and Halogen Lights), Application (Surgical Wound Treatment), End-User (Hospitals, Clinics) and Regions-Forecast till 2029
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