The wound care market has
been in existence since the longest of time and it has undergone significant
changes while moving from traditional to bioactive wound dressings and the next
stop is active wound dressings. As the disposable income increased, it had a
major impact on the lifestyle across developed countries such as U.S. and
China. With the changes in lifestyle, the incidence of chronic diseases such as
Diabetes came into picture. There are nearly 25 million people affected with
diabetes globally. According to statistics, 25% the diabetic population is
prone to developing diabetic foot ulcers in their lifetime. This gave rise to
the introduction of bioactive wound dressings in the late 1980’s and they
continue to serve patients worldwide. While the earlier dressings included
hydrocolloids, honey and semi-permeable films; the focus slowly shifted towards
silver.
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MARKET
TRENDS & GROWTH:
According
to IndustryARC, the Bioactive Wound Care Market is estimated to grow at a CAGR
of 5.56% with Foam Dressings as the Biggest Market Segment. And research
concludes that the rapid Technological Innovations will accelerate the growth
of this market to cross $4.5 Billion by 2020! Also, North America dominates the
Wound Care Market with the U.S. holding the biggest market share.
Table
of contents and insights:
http://industryarc.com/Report/5344/Bioactive-Wound-Care-Market-Analysis-Report.html
http://industryarc.com/Report/5344/Bioactive-Wound-Care-Market-Analysis-Report.html
Major
Driving Factors:
- Government support in the form of funding for development of wound care products,
- Increasing diabetic and obese population,
- Rising aging population
- A positive trend shall be witnessed because of the aging population in major economies such as China and USA. The reduction in healing time, affordability and clinical efficacy are the major factors for developing a sustainable market.
- Asia is poised to grow at the highest CAGR during the forecast period, owing to the increasing awareness for wound healing products, rising aging population, rising diabetic wounds due to changing lifestyle factors, and growing population with pressure ulcers.
On the other hand, the high
costs of advanced wound care products seem to have the potential to restrain the market growth in the
coming couple of years.
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REPORT
SCOPE: Market Segmentation:
The Bioactive Wound Care
Market is segmented into 2 main classifications based on the following factors:
- By Mode of Interaction: First Line Interactive Dressing and Second Line Interactive Dressing.
- By Geography: North America, USA, Europe, APAC and ROW.
Key
Players:
To mention a few notable
competitors which are ruling this market and studied, mentioned in this report:
- Paul Hartmann Ag
- Hollister Wound Care Inc.
- 3m Corporation
- Medline Industries Inc.
- Smith & Nephew Plc.
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