Wound Care Market

Active Wound Care and Emerging Economies in Asia (China, Japan, Malaysia, Taiwan, and India) are the New Revenue Pockets for the Wound Care Market

The wound care market across the globe is witnessing growth due to factors such as rising incidences of diabetes, rising aging population, increasing venture capitalist funding, and support from the government in the form of funding, rapid technological innovations, and rising awareness regarding new techniques of wound care. The key players are focusing on providing innovative products which will lead to effective wound healing, over a short period. With this view, companies are focusing on partnerships, collaborations, new product launches, and acquisitions to attain leadership position in the market.

The wound care market is segmented into traditional wound care, basic wound care, advanced wound care, bio-active wound care, and therapy devices. The bio-active wound care segment showcases a lucrative growth potential and represents the new revenue pockets. High growth in these markets can be attributed to the introduction of novel products in the market and the ability of these products to treat severe wounds and diabetic foot ulcers over a short period.

In the coming five years, growth in the wound care market is likely to be centered at China, Japan, Malaysia, Taiwan, and India. This growth can be attributed to the rise in the number of patients suffering from chronic wounds in the region. Furthermore, increasing focus of prominent players in the Asian market is another factor driving the growth of this market. For instance, in 2012, Smith & Nephew (U.K.) planned to launch 23 new wound care products in the Asian market. Moreover, various prominent players have also started their operations in various Asian countries in order to capture the wound care market. In this regard, in December 2012, ConvaTec (U.S.) started its operations in Bangalore, India. This expansion brought novel healthcare technologies, products, and treatments to the Indian market. Such initiatives enable the Asian countries to grow in the wound care market.

Related Reports:

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
https://www.marketsandmarkets.com/Market-Reports/wound-care-market-371.html

Contact:
Mr. Rohan
North - Dominion Plaza,
17304 Preston Road,
Suite 800, Dallas, TX 75252
Tel: +1-888-600-6441
Email: sales@marketsandmarkets.com

Report Code
MD 2611
Published ON
Aug, 2017
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Wound Care Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
ONLINE CHAT
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
© MarketsandMarkets Research Private Ltd. All rights reserved