The global wound care and wound closure market would grow in line with rise in the aging population, increasing incidences of chronic diseases (diabetes, hypertension, heart diseases), and technological innovations. The increasing demand for easy-to-use and portable devices is certain to drive the growth of this market in the near future. Besides this, skin substitutes and biological growth factors are likely to serve as long-term market drivers for the wound care and wound closure market. While wound care technologies are paving the way for the growth of this market, companies are making every effort to make use of advanced materials, methods and active substances for effective treatment of wounds.
Currently, the US holds the major share of the wound care and wound closure market, followed by Europe, Asia Pacific and RoW - due to rising chronic diseases cases and increasing ageing population. Reluctance in adoption of new technology and reimbursement issues may hamper the growth of this market. Besides this, the Asian region will experience fair growth, mainly because of lack of reimbursement and preferred use of traditional wound treatment. Advanced wound care products, tissue-engineered products and negative pressure relief devices are expected to attain relatively higher growth due to their high demand and varied applications.
The global wound care and wound closure market is segmented by types, applications, end users and geography. The global wound care and wound closure market segmentation by types constitutes traditional wound care, advanced wound care, active wound care and therapy devices. On the basis of applications, this market is segmented into burns, ulcers major and surgical wounds. The segmentation of this market in terms of end users includes hospitals and community health centers. Based on geography, this market is segmented as North America, Europe, Asia Pacific, Latin America and Row.
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Market attractiveness analysis, compares various forms of wound care, end users and applications within their respective markets along with factors responsible for the most attractive market. Market attractiveness analysis for the most attractive geographical region worldwide is also considered and has detailed study of factors responsible for rapid growth in the regions. Various economic factors which are significant in determining market trend, buying decisions and market attractiveness had been analyzed for market estimation and forecasting. Detailed elaboration of drivers, restraints and opportunities in the report will enable in strategic decision making with perceptive to identify potential market. In addition to this, the study also discusses various environmental and regulatory factors critical for the market growth. Thus, estimation of market numbers, with due consideration to all these factors has helped in enhancing the scope of the report. This analysis will support stakeholders such as manufacturers and distributers in identifying and capturing markets with high potential. Historical data is provided for 2011, 2012 whereas forecast is available through 2020 in terms of revenue ($million) for each and every segments.
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