Canada Wound Care Management Devices Market - Growth, Trends & Forecast (2015-2020)

Nov 30, 2015, 15:39 ET from ReportBuyer

LONDON, Nov. 30, 2015 /PRNewswire/ -- The major trend driving the wound care management devices is the increase in the number of Government initiatives towards the prevention of wounds and injuries and the technological advancements taking place simultaneously.

Canada wound care management devices is currently estimated to be valued as $1.47 billion for the year 2014 and is expected to reach $2.03 billion by the end of 2019. The CAGR during this period of forecast is 6.65%.

This escalation is developing the need to analyze, review and to forecast the growth of the wound care management device market. Owing to the rapid evolution of market in the use of wound closure devices, medical device companies which are able to launch new innovative equipment will be awarded with huge benefits.

Drivers

Increase in the aging population, rise in chronic wounds, ulcers and diabetes population, increase in the number of surgeries, rise in the number of government initiatives towards prevention of injuries and the rapid rise in the technological advancements are the major factors driving the growth of the wound care management device market.

Challenges

Expensive procedures, reluctance in acceptance of new technologies and lack of proper reimbursement policies are the major challenges faced by the wound care management device market.

What the report contains

The report elucidates the current market scenario of wound care management devices all over the Canada region and also studies the markets of different wound care devices which include the likes of films, foams, colloids, hydrocolloids, hydrogels, skin substitutes and pressure relief devices.

The market share of each region is analyzed and estimates are provided for the next 5 years. The various applications of wound care management devices have been discussed in detail in addition to a comprehensive overview of the market.
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