2019 Value of Wound Care Market at $18B+ Forecasts a New Global Research Report
DALLAS, August 29, 2014 /PRNewswire/ --
RnRMarketResearch.com adds "Wound Care Market by Type (Traditional (Wound Closure, Anti infective), Basic (Films, Cleansing), Advanced (Hydrogels, Hydrocolloids, Alginate, Collagen), Active (Artificial Skin & Skin Substitutes), Pressure Relief Devices, NPWT) - Global Forecast to 2019" research report to its store. The global wound care market is expected to reach $18.3 billion by 2019 from $15.6 billion in 2014, growing at a CAGR of 3.2% from 2014 to 2019. The global wound care market is categorized on the basis of product and geography. The active wound care market is expected to register the highest growth rate in the wound care market during the forecast period, owing to the continuous launch of new and advanced products.
Among various segments, the advanced wound care market segment commanded the largest share in 2014, while the active wound care segment is forecasted to be the fastest-growing segment in the wound care market. Factors such as rising awareness regarding new technologies for wound care, government support in the form of funding, and rising diabetic and aging population are driving the growth of the wound care market. North America is expected to account for the largest share of the market by the end of 2014. This large share can be attributed to various factors, including the increase in acute and chronic conditions such as diabetic foot ulcers, venous ulcers, and pressure ulcers and government support in the form of funds. Complete report is available at http://www.rnrmarketresearch.com/wound-care-market-traditional-wound-care-advanced-wound-care-active-wound-care-negative-pressure-wound-therapy-other-therapy-devices-current-trends-opportunities-global-forecasts-2011-2-market-report.html .
Major factors contributing to growth of the wound care market include rising awareness regarding new and advanced products for wound treatment and the rising aging and diabetic population. Furthermore, government support in the form of funding is another major factor providing impetus for growth of this market. For instance, in September 2013, NeoStem, Inc. (U.S.) received funding of $0.147 million from the National Institutes of Health (NIH), under the small business innovative research program (SBIR). This fund would be utilized for the development of adult pluripotent very small embryonic like (VSEL) stem cells for the treatment of skin wounds in scleroderma. Furthermore, in July 2011, the Ohio State University College of Medicine received funding of $1.4 million from the U.S. Department of Defense for wound treatment research. This two-year fund was specifically directed for the treatment of burn wounds using brown algae extracted from seaweed and giant kelp. Such support in the form of funding is likely to provide impetus for the market growth. The relatively untapped markets of the Asian region and the bio-active wound care products have opened an array of opportunities for the wound care market. However, factors such as high costs of wound care products may restrain growth of this market.
Countries such as China, India, Australia, Japan, and Brazil are expected to serve as new revenue pockets for the wound care market in the coming five years. Apart from the comprehensive geographical and product analysis and market sizing, the report also provides a competitive landscape that covers the growth strategies adopted by the industry players over the last three years. In addition, the company profiles comprise the basic views on the key players in the wound care market and the product portfolios, developments, and strategies adopted by market players to maintain and increase their market shares in the near future. The above mentioned market research data, current market size, and forecast of the future trends will help the key players and new entrants to make the necessary decisions regarding product offerings, geographical focus, change in strategic approach, R&D investments for innovations in products and technologies, and levels of output in order to remain successful.
Companies profiled in this wound care market 2014 - 2019 report include 3M Company, Baxter International, Inc., Coloplast A/S, Convatec Healthcare B S.A.R.L, Covidien PLC, Derma Sciences, Inc., Hollister, Inc., Ethicon, Inc. (Subsidary of Johnson and Johnson), Kinetic Concepts, Inc. (A Subsidary of Centaur Guernsey L.P., Inc.), Smith and Nephew and Mölnlycke Health Care AB. Order a copy of this report at http://www.rnrmarketresearch.com/contacts/purchase?rname=80162 .
Advanced Wound Care Markets Worldwide is a June 2014 research report by Kalorama Information. The emerging generation of wound care products and technologies is well-positioned to capitalize on the growth. Besides the always-improving synthetic dressing materials, newer technologies in wound treatment include the xenogeneic tissue scaffold, bilayered human dermal substitutes, recombinant growth factors, endoscopic subfascial ligation of venous perforators, and endovascular arterial repair techniques. New wound care products and devices are entering the market with lightening speed, all striving for the best clinical outcomes. Companies discussed in this report include 3M Health Care, ABL Medical, LLC, ACELL, INC, Alliqua Biomedical, Inc, Amniox Medical, Angelini Pharma, Inc, Argentum Medical, LLC, ArjoHuntleigh, Arobella Medical, LLC, Baxter Bioscience, B. Braun/Aesculap, Inc., BSN medical, Celleration, Coloplast A/S, ConvaTec, Ltd., Covidien, Ltd, CryoLife, Inc., Curaline, Inc, Derma Sciences, DeRoyal Industries, EHOB, Inc, Ethicon, Inc, GlaxoSmithKline Plc, Hartmann Group, Hill-Rom Company, Inc., Hollister Wound Care LLC, Integra Life Sciences, Johnson & Johnson, Kinetic Concepts, Inc. (KCI), LifeBond Ltd, Lohmann and Rauscher GmbH, Marine Polymer Technologies, Inc., Medline Industries, MiMedx, Molnlycke HealthCare, MPM Medical, Inc, Oculus Innovative Sciences, Inc, Organogenesis, Inc, Osiris Therapeutics, Inc, Pfizer, Inc., Shire Plc, Smith & Nephew, Plc, Soluble Systems, LLC, Southwest Technologies, Spiracur, Inc, SteadMed Medical and Stryker Corp. Read more at http://www.rnrmarketresearch.com/advanced-wound-care-markets-worldwide-market-report.html .
The Global Market for Advanced Wound Care Products 2014 is an Espicom Limited publication of 281 pages. In 2013, the global market for advanced wound care had an estimated value of US$6.2 billion, having grown by approximately 5% since 2012. This growth is currently being hampered by pricing pressure. Factors such as spiking competition across all product sectors, as well as government pressure on healthcare spending are slowing the current rate of growth and putting strain on manufacturers' pricing. Despite all this, the market's outlook is positive. Pricing pressure is expected to impact the market in the short - medium term, with future growth being driven by favourable demographic factors. Ageing populations, higher levels of diabetes and obesity are just three of the factors. Demand in emerging markets such as Japan, China and India as well as new product innovations will also increase demand. Read more at http://www.rnrmarketresearch.com/the-global-market-for-advanced-wound-care-products-2014-market-report.html .
Explore more reports on the medical devices market at http://www.rnrmarketresearch.com/reports/life-sciences/medical-devices .
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