Wound Care Market To Surpass US$ 25,280.5 Million By 2026 - Coherent Market Insights

Wound Care Market Report Analyses competitive environment such as key players, future trends, growths, challenges and acquisitions in the market.
 
SEATTLE - April 6, 2021 - PRLog -- Global Wound Care Market, By Product Type (Advanced Wound Management Products (Wound Dressings (Foam Dressings, Hydrocolloid Dressings, Film Dressings, Anti-infective Dressings, Alginate Dressings, and Collagen Dressings), Wound Therapy Devices (Pressure Relief Devices, Negative Pressure Wound Therapy Systems, Hyperbaric Oxygen Equipment, and Electrical Stimulation Devices), and Active Wound Care), Surgical Wound Care Product (Sutures and Staples and Tissue Adhesives, Sealants  and Glues), and Traditional Wound Care Products (Medical Tapes, Dressings, and Cleansing Agents)

Research and development institutes are focused on development of innovative wound care products to receive large funding from healthcare companies, which is expected to drive growth the global wound care market over the forecast period. For instance, in November 2018, The Wound Healing Foundation, with the support from Corius Tissue Regeneration a trademark of Medline Industries Inc., announced a new three-year grant series: WHF-Medline Research Grant Innovation Award.

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The Wound Healing Foundation, in 2015, volunteered for over 4 months for bringing awareness and funding to the wound healing community. Increasing approvals for wound care product from regulatory authorities is expected to drive the global wound care market growth during the forecast period. For instance, in 2018, AQUACEL Ag Advantage dressing received the U.S. Food and Drug Administration (FDA) 510(k) clearance for wound care management.

Browse 35 Market Data Tables and 57 Figures spread through 247 Pages and in-depth TOC on "Wound Care Market By Product Type (Advanced Wound Management Products(Wound Dressings (Foam Dressings, Hydrocolloid Dressings, Film Dressings, Anti-Infective Dressings, Alginate Dressings, and Collagen Dressings), Wound Therapy Devices(Pressure Relief Devices, Negative Pressure Wound Therapy Systems, Hyperbaric Oxygen Equipment, and Electrical Stimulation Devices).

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Key Takeaways of the Global Wound Care Market:

The global wound care market is expected to expand at a CAGR of 4.6% during the forecast period (2018–2026), owing to increasing funding and regulatory approval for wound care products

Among product type, the advanced wound management products segment is expected to hold major revenue share in 2026, Smith & Nephew

Major players operating in the global wound care market include Acelity L.P., Inc., 3M Company, Baxter International, Inc., Coloplast A/S, Integra Lifesciences, Johnson & Johnson, Inc., Smith & Nephew Plc., Cardinal Health, ConvaTec Group PLC, and Organogenesis Inc.

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