Global Advanced Wound Care Market Trends and Forecast to 2022 - By Product Type (Dressing, Therapy Device, Active Wound Care), By End User (In-Patient, Out-Patient), By Application (Surgical Wound, Ulcer, Others) By Geography North America, Europe, Asia Pacific, South America, Rest of the World)
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Wound care management is a growing field that has been witnessing a number of technological advancements lately. There are various products available in the market which have made treatment of wounds easier. The companies operating in the global advanced wound care market are focusing on incorporating advanced and innovative features in their products to differentiate them from other products available in the market. Companies operating in this market are focusing on acquisitions to strengthen their product portfolio and enhance their market position.
By end user, the market is further classified into in-patient facility and out-patient facility. The in-patient facility segment accounted for the largest market share of 75.4% in 2015.
Acelity L.P., Inc. (U.S.) held the largest market share in the global advanced wound care market in 2015 and accounted for a market share of about 25.7%. Diversified product portfolio within advanced wound care and consistent alliances to obtain inorganic growth enabled Acelity L.P., Inc. to generate maximum revenues from the market. Smith & Nephew plc (U.K.) & Mölnlycke Health Care (Sweden) followed Acelity L.P., Inc. Other major players operating in this market include Medline Industries, Inc. (U.S.), Organogenesis Inc. (U.S.), Integra LifeSciences Corporation. (U.S.), MiMedx Group, Inc. (U.S.), and others.
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Global Advanced Wound Care Market is forecasted to grow at a CAGR of 4.4% in the forecast period of 2020 to 2027
Global Advanced Wound Care Market is poised to grow at 7.6% till 2024
Global Advanced Wound Care Market is Expected to Grow at CAGR 7.6% To 2024
Advanced Wound Care Market is Growing at 4.4% CAGR Owing to Increasing Ageing and Geriatric Population
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Rapid Growth in the Geriatric Population and Increasing Number of Road Accidents and Trauma Injuries are Expected to Drive the U.S. Advanced Wound Care Market in the forecast period of 2019 -2026
Asia-Pacific Advanced Wound Care Market is Expected to Grow at 4.9% in the Forecast Period of 2020 to 2027
Belgium Advanced Wound Care Market is Expected to Grow at 2.0% in the Forecast Period of 2020 to 2027
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Latin America Advanced Wound Care Market is Expected to Grow at 3.50% in the Forecast Period of 2020 to 2027
Germany Advanced Wound Care Market is Expected to Grow at 5.5% in the Forecast Period of 2020 to 2027
Europe Advanced Wound Care Market is Expected to Grow at 4.1% in the Forecast Period of 2020 to 2027