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Wound Care Management Device Market Trends 2019 – Competitive Analysis by Demand Status, Valuable Insights of Business, Product Scope, Driving Factors Forecast to 2024

Wound

The “Wound Care Management Device Market” report 2019 provides information for market players, stakeholders, investors, and business strategists to achieve a leading position the market. It maintains the record of Unusual growth strategies adopted by various companies are creating new standards for competition in the global Wound Care Management Device market. Businesses around the world are aiming at increasing their profit margin and establishing a stronghold in the global market. The impact of prevailing regulatory scenario on both regional and worldwide Wound Care Management Device market is provided in detail in the report.

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Wound Care Management Device Market Covers Key Players:

  • Johnson & Johnson
  • 3M Company
  • Smith & Nephew Plc
  • ConvaTec Inc.
  • Medtronic Plc
  • Beiersdorf AG
  • Coloplast A/S
  • Derma Sciences Inc.
  • Molnlycke Health Care

    Market Overview:

  • The key factors propelling the wound care management device market includes the growing demand for faster recovery of wounds, rising incidences of chronic wound, increase in the number of surgeries, and the increasing incidence of diabetes, that is expected in the growth of the overall market.
  • Diabetes is found to be the major wound causing disease along with other chronic diseases. In adults who are aged over 65 years, the population suffering from diabetes is more than 25%. The incidence of chronic wounds, especially foot ulcers is increasing among the diabetic population. While more than 80,000 adults are expected to undergo a lower extremity amputation, it is also estimated that patients with diabetes are 10 times more likely to undergo amputation at some point in their life.
  • Therefore, the number of diabetic patients is expected to increase with the increasing geriatric population, which, in turn, will drive the growth of the wound care management devices over the forecast period.<

    Report Highlights:

    • The report provides a detailed analysis on current and future market trends to identify the investment opportunities
    • Market forecasts till 2024, using estimated market values as the base numbers
    • Key market trends across the business segments, Regions and Countries
    • Key developments and strategies observed in the market
    • Market Dynamics such as Drivers, Restraints, Opportunities and other trends
    • In-depth company profiles of key players and upcoming prominent players
    • Growth prospects among the emerging nations through 2024
    • Wound Care Management Device Market opportunities and recommendations for new investments

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    Scope of the Report:

  • As per the , wound care management products are majorly used to treat complex wounds. Wounds and injuries are common afflictions that affect billions of people worldwide. The products are highly resistant to environmental inhibitors and foreign particles and are used by a nurse under the physician’s orders and supervision, for many reasons. Therefore, the rising rates of risk factors and the need for cost-efficient treatments are driving the need for better wound care products.

    Key Market Trends:

    Hospital and Specialty Wound Clinic is the Largest Segment Under End User That will Continue to Grow Fastest During the Forecast Period

    The hospital and specialty wound care clinic segment is estimated to account for the largest share of the global wound care market due to the increase in the number of chronic wound cases, rising incidence of diabetes, and improving hospital infrastructure in the developing countries. Thus, these are some of the major factors driving the growth of the end-user segment.

    North America is the Largest Growing Segment under Geography that is Expected to Follow the Same Trend Over the Forecast Period

    North America dominates the advanced wound care management market due to the increasing incidence of chronic wounds, favorable reimbursement policies, and rise in the aging population.

    However, Asia-Pacific is expected to witness the highest CAGR, with the growth in this market centered on Japan, China, and India. Additionally, there are factors, such as the rising focus of the major players in the emerging Asian countries and government support that is driving the growth of the wound care management device market in this region.

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    Detailed TOC of Wound Care Management Device Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Market Drivers
    4.2.1 Growing Demand for Faster Recovery of Wounds
    4.2.2 Rising Incidences of Chronic Wound
    4.2.3 Increase in the Number of Surgeries
    4.2.4 Increasing Incidence of Diabetes
    4.3 Market Restraints
    4.3.1 High-cost Procedures
    4.3.2 Lack of Proper Reimbursements
    4.4 Porter’s Five Forces Analysis
    4.4.1 Threat of New Entrants
    4.4.2 Bargaining Power of Buyers/Consumers
    4.4.3 Bargaining Power of Suppliers
    4.4.4 Threat of Substitute Products
    4.4.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Product
    5.1.1 Advanced Wound Dressing
    5.1.1.1 Foam Dressing
    5.1.1.2 Hydrocolloid Dressing
    5.1.1.3 Film Dressing
    5.1.1.4 Alginate Dressing
    5.1.1.5 Hydrogel Dressing
    5.1.1.6 Other Advanced Wound Dressings
    5.1.2 Wound Therapy Device
    5.1.2.1 Pressure Relief Device
    5.1.2.2 Negative Pressure Wound Therapy (NPWT) System
    5.1.2.2.1 Conventional NPWT System
    5.1.2.2.2 Disposable NPWT System
    5.1.2.3 Oxygen and Hyperbaric Oxygen Equipment
    5.1.2.4 Electrical Stimulation Device
    5.1.2.5 Other Wound Therapy Devices
    5.1.3 Surgical Wound Care Product
    5.1.3.1 Suture and Staple
    5.1.3.2 Tissue Adhesive, Sealant, and Glue
    5.2 By End User
    5.2.1 Hospital and Specialty Wound Clinic
    5.2.2 Long-term Care Facility
    5.3 Geography
    5.3.1 North America
    5.3.1.1 US
    5.3.1.2 Canada
    5.3.1.3 Mexico
    5.3.2 Europe
    5.3.2.1 Germany
    5.3.2.2 UK
    5.3.2.3 France
    5.3.2.4 Italy
    5.3.2.5 Spain
    5.3.2.6 Rest of Europe
    5.3.3 Asia-Pacific
    5.3.3.1 China
    5.3.3.2 Japan
    5.3.3.3 India
    5.3.3.4 Australia
    5.3.3.5 South Korea
    5.3.3.6 Rest of Asia-Pacific
    5.3.4 Middle East & Africa
    5.3.4.1 GCC
    5.3.4.2 South Africa
    5.3.4.3 Rest of Middle East & Africa
    5.3.5 South America
    5.3.5.1 Brazil
    5.3.5.2 Argentina
    5.3.5.3 Rest of South America

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Johnson & Johnson
    6.1.2 3M Company
    6.1.3 Smith & Nephew Plc
    6.1.4 ConvaTec Inc.
    6.1.5 Medtronic Plc
    6.1.6 Beiersdorf AG
    6.1.7 Coloplast A/S
    6.1.8 Derma Sciences Inc.
    6.1.9 Molnlycke Health Care

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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