wound care market is Booming Worldwide with Current Trends
- nita bombare
- Feb 6, 2019
- 1 min read
The global wound care market report delivers a comprehensive and systematic framework of the market at a global level that includes all the key aspects related to it. The data is collected from different sources allied to the global industry and the research team meticulously analyze the gathered data with the help of various analytical tools and present their opinion based on analysis and calculations.
The global market for wound care resonates strong growth opportunities and is prognosticated to exhibit healthy growth in the forthcoming years. Market Research Future (MRFR)’s latest study reveals that the global wound care market is projected to thrive moderately at 6.20% CAGR during the forecast period 2017 to 2027. The global market is estimated to reach a value over USD 28 Mn by 2027 up from USD 15,456.2 Mn in 2016.
The shift towards advanced wound care products has opened avenues of growth opportunities for the market participants. The large-scale adoption of the advanced wound care products is attributable to its effectiveness and efficacy in the treatment of wounds. However, the developing economies drive the demand for traditional wound care products owing to low cost and easy availability.
The rising incidences of chronic wounds have intensified the need for developments in the wound care product offerings. For instance, Negative Pressure Wound Therapy (NPWT) has emerged as an effective therapy for progressive wound management. According to the World Health Organization (WHO), in 2014, 9% of the world’s deaths were caused due to injuries. Additionally, increasing count of surgeries is another major factor aiding the expansion of the market.
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