Wound Care Market 2030 Revenue To Be $34,459.2 Million Says P&S Intelligence

0 0
Read Time:3 Minute, 58 Second

NEW YORK, June 8, 2021 /PRNewswire/ — The rising prevalence of chronic diseases, such as diabetes; increasing cases of burns and other types of injuries, and booming geriatric population are propelling the demand for wound care products. As a result, the global wound care market revenue is predicted to witness a 5.5% CAGR during 2021–2030, to reach $34,459.2 million by 2030.

P&S Intelligence

Manufacturing facilities of wound care market players were shut down in the beginning of 2020 to lessen the spread of the COVID-19 infection among workers. Additionally, lockdowns and movement restrictions forced people inside their homes, which substantially reduced the incidence of chemical burns and road accidents, thereby pushing down the demand for wound care products.

Get the Sample Copy of this Report at @ https://www.psmarketresearch.com/market-analysis/wound-care-market/report-sample

Wound closure, advanced, and traditional are the categories of the wound care market, based on product type. Among these, in 2020, the market was dominated by the advanced category, and the same trend is expected till 2030. Advanced wound care offers faster wound healing and more-effective infection control and leads to fewer drainage issues.

Browse detailed report with COVID-19 impact analysis on Wound Care Market Research Report: By Product Type (Advanced, Traditional, Wound Closure), Wound Type (Diabetic Foot Ulcer, Pressure Ulcer, Surgical & Traumatic Wound, Burn, Venous Leg Ulcer), Age Group (Under 14, 14–49, 50–64, 65–74, 75–80, Above 80 ), End User (Hospital & Clinic, Homecare Setting, Long-Term Care Setting) – Global Industry Revenue Estimation and Demand Forecast to 2030 @ https://www.psmarketresearch.com/market-analysis/wound-care-market

North America was the largest wound care market in 2020 due to the increasing demand for such products among the elderly, technological advancements in such products due to extensive research and development (R&D), and surging spending on healthcare. Asia-Pacific (APAC) will likely grow the fastest till 2030, driven by the booming geriatric population and increasing number of burns and traumatic wounds.

In order to improve their position in the wound care market, the providers of such products are engaging in mergers and acquisitions.

For instance, in February 2020, an agreement was signed by Essity AB for the acquisition of 75% shares of ABIGO Medical AB, a medical solutions firm based in Sweden. ABIGO Medical AB offers a range of advanced wound care solutions, including Sorbact. With the acquisition, Essity AB widened its portfolio of advanced wound care products that prevent bacterial invasion without making the body resistant to antibiotics.

Make enquiry about this report at @ https://www.psmarketresearch.com/send-enquiry?enquiry-url=wound-care-market

In the same way, in April 2019, Leaf Healthcare Inc., which developed the Leaf Patient Monitoring System for patient mobility monitoring and pressure injury prevention, was acquired by Smith & Nephew PLC. After a two-year exclusive distribution and strategic investment partnership with Leaf Healthcare, Smith & Nephew acquired the latter to improve its advanced wound care portfolio.

The biggest companies in the global wound care market are Hollister Incorporated, ConvaTec Group plc, DeRoyal Industries Inc., Smith & Nephew PLC, 3M Company, Mölnlycke Health Care AB, Essity AB, B. Braun Melsungen AG, Paul Hartmann AG, Coloplast A/S, Integra LifeSciences Holdings Corporation, Beiersdorf AG, Johnson & Johnson, and Wright Medical Group N.V.

Browse Other Related Reports

Colombian Wound Care Market Growth Prospect The Colombian wound care market is predicted to register the highest growth in Cundinamarca in the forthcoming years. The key factors fueling the expansion of the market in this state are the surging healthcare expenditure, the soaring research and development (R&D) activities, and the increasing implementation of favorable government initiatives regarding wound care products in the state.

Hong Kong Wound Dressing Market Growth Prospect Hong Kong wound dressing market reached a value of $38.9 million, and is projected to exhibit a CAGR of 5.9% during the forecast period (2020–2030).

About P&S Intelligence

P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

Contact:

Prajneesh Kumar
P&S Intelligence
Contact: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com

Logo: https://mma.prnewswire.com/media/1224988/P_and_S_Intelligence_Logo.jpg  

https://markets.businessinsider.com/news/stocks/wound-care-market-2030-revenue-to-be-34-459-2-million-says-p-s-intelligence-1030502066

To Find More Information, Go To Saubio Digital And Look Up Any Topic

About Post Author

Saubio admin

A Saubio member. So SAUBIO stands for GOOD LIFE which is what we all strive for as human beings, for ourselves, our family and our relationships with the people around us and the world we live in.
Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %

Average Rating

5 Star
0%
4 Star
0%
3 Star
0%
2 Star
0%
1 Star
0%