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Advanced Wound Dressings Market Projection By Technology, Major key players, Growth, Revenue, CAGR, Regional Analysis Industry Forecast 2021 To 2027 is latest report published on “Global Advanced Wound Dressings Market” by Fortune Business Insights. Based on our analysis, the global commercial vehicle market size is projected to reach USD 9.02 billion by the end of 2027.

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Advanced Wound Dressings Top Companies Analyzed in the report:

  • Derma Sciences Inc.
  • Coloplast Corp
  • ConvaTec Inc.
  • Tissue Regenix
  • Mölnlycke Health Care AB
  • Smith & Nephew
  • Organogenesis Inc.
  • KCI Licensing, Inc

Intoduction of Alginate Dressing to Have Major Contribution in The Global Market

Chronic wounds are also treated by alginate dressing. It is primarily used due to its exponential benefits such as promoting tissue formation, higher efficiency in exudate management, improved healing of the wound. The demand for alginate dressing along with the rising cases of chronic wounds are contributing significantly to the growth of the global advanced wound dressing market. For Instance, in 2017, alginate segment was accounted for 11.8% share of the global advanced wound care market. Further the global wound care dressings market is segmented on the basis of indication into, pressure ulcers, diabetic foot ulcers surgical wounds, and others.

Increasing prevalence of diabetes and rising adoption of advanced wound dressings in developing nations are propelling the growth of the global advanced wound dressings market. In addition, growing per capita healthcare expenditure in developing countries is contributing positively to the global advanced wound dressing market. The global advanced wound dressing market is further segmented on the basis of end user, into clinics, home care settings hospitals, and others. The home care segment is expected to grow at a high CAGR during the forecast period, owing to the prevalence of surgical and chronic wounds around the world. This factor is fostering the growth of the global advanced wound dressings market.

Asia-Pacific to Account for Highest Share in The Global Market

Asia Pacific region was valued at US$ 1,916.0 Mn in 2017 and is predicted to grow at a significantly high CAGR during the forecast period. According to a survey conducted by the United Nations, the Japanese have the highest life expectancy/life-span among all the countries in the world. Besides Japan other countries in Asia Pacific such as India and China also account for a significant share in the global market. The rising prevalence of chronic diseases directing towards longer hospital stays for patients is fostering the growth of the global advanced wound dressings market. Reduced mobility in the region along with rising incidences of chronic diseases are the factors attributing to pressure ulcers and hence enabling growth of the global advanced wound dressings market. Nevertheless, lack of reimbursement policies in Asia Pacific for advanced wound dressings is the factor hampering the growth for advanced wound dressings market.

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