The global wound care centers market
size is expected to reach USD 49.4 billion by 2026, expanding at a CAGR of 4.5.
Growing prevalence of diabetic ulcers on a global scale, along with rising
number of sports-related injuries, is expected to drive the market over the
forecast period. In addition, growing awareness regarding the use of modernized
wound care products is propelling the market.
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Increasing number of road accidents is
also anticipated to augment market demand. According to the Global Status Report
on Road Safety 2018, approximately 1.35 million individuals die in road
accidents every year. Road mishaps are the 8th leading cause of death for
individuals across all ages. This number is expected to grow three times higher
in low-income economies as compared to high-income economies.
Significant cost of wound care
management is hampering the growth of the market. Wound care comprises direct
healthcare cost, cost of actual dressing, and cost of applying the dressing or
treating systemic infections, if any. Moreover, use of other medications in
healthcare centers contributes to wound care. Hence, all these factors are
anticipated to result in a higher price for patients.
Growing prevalence of type 1 and type 2
diabetes is also augmenting the demand for advanced wound dressing products in
healthcare centers. On a global scale, approximately 425 million people
suffered from diabetes mellitus in 2017, according to the International
Diabetes Federation, and this number is expected to cross 628 million patients
by 2045. Hence, this growing prevalence of diabetes is an opportunity for
players to focus on more advancements in wound care management in healthcare
centers.
North America accounted for the largest
share in the wound care centers market in 2018 and is expected to retain its
lead in the future as well. This can be attributed to high disposable income of
consumers for treating pressure ulcers in healthcare centers as well as growing
number of research and development activities in the region. Asia Pacific is
anticipated to register the fastest growth over the forecast period owing to
growing geriatric population prone to various disorders. Moreover, growing
number of surgeries, increasing healthcare expenditure, and rising patient
awareness is driving the wound care centers market.
Further
key findings from the report suggest:
• By type, the hospital segment led the
global market owing to well-established healthcare facilities and growing patient
pool in developed economies
• The clinics segment is expected to
grow considerably over the forecast period owing to high preference by patients
in order to avoid hospital-acquired infections
• Specialized dressings held the largest
share in the market in 2018 due to growing introduction of new and effective
products, such as biological skin products, skin substitute, and other complex
dressing products
• Asia Pacific is anticipated to be the
fastest growing segment owing to increasing number of surgeries, rising
healthcare expenditure, and awareness regarding wound care management among
patients
• Key players in the wound care centers
market include Hologic, WoundTech, Oxyheal, Wound Care Advantage, Wound Care
Specialists, RestorixHealth, Systagenix Wound Management, and Mlnlycke Health
Care AB.
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Michelle Thoras
201 Spear Street 1100,
Suite 3036, San Francisco,
CA 94105, United States
Tel: 1-415-349-0054
Toll Free: 1-888-928-9744
Mail: sales@radiantinsights.com
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