U.S (New York)–This Asia Pacific Advanced Wound Care Market Report gives evaluation and insights primarily based on authentic consultations with necessary gamers such as CEOs, Managers, Department Heads of Suppliers, Manufacturers, and Distributors etc.
The Asia-Pacific advanced wound care (AWC) market was valued at $1,658 million in 2017, and is projected to reach $3,655 million by 2025, registering a CAGR of 10.4% during the forecast period. Advanced wound care is a therapeutic approach that provides a moist microenvironment to stimulate the natural healing process. These products are mainly used to treat and manage complex wounds, such as burns, complex trauma, chronic wounds, and surgical wounds. Due to its efficacy and use in managing wounds, advanced wound care has emerged as a standard solution for treating chronic wounds and is replacing traditional wound care products.
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The growth of the market is attributed to the rapid increase in prevalence of chronic diseases such as diabetes, favorable reimbursement scenario in developed countries, and rise in inclination toward wound care products that enhance therapeutic outcomes. Other factors such as changes in lifestyles, increase in healthcare expenditure by the government, and attempts to minimize surgical costs by reducing the duration of hospital stays drive the growth of the advanced wound care market. However, high cost of advanced wound care products and low awareness, especially in the under-developed countries are the factors expected to restrain the market growth.
This report categorizes the Asia-Pacific advanced wound care market based on product type, application, end user, and region. By product type, the market is divided into infection management, exudate management, active wound care, and therapy devices. Infection management is the leading segment in the product type and is further sub-segmented into silver dressing, non-silver dressing, and collagen. Based on application, the market is bifurcated into chronic wound care and acute wound care. Based on end user, the market is categorized into hospital and community health service centers. Based on country, the market is studied across Singapore, Malaysia, Japan, China, India, South Korea, Australia, and rest of Asia-Pacific.
The healthcare sector is vital to both national economies and people all across the world. One of the industries with the fastest growth rates is this one. There is a correlation between income levels and healthcare spending across nations because healthcare spending accounts for more than 10% of the GDP of the majority of developed countries. According to the Centers for Medicare and Medicaid Services, US healthcare spending increased by 4.6% in 2019 to reach US$ 3.8 trillion, or US$ 11,582 per person and represented 17.7% of GDP. Additionally, households paid for 28.4% of all health expenditures, followed by the federal government for 29.0%. 16.1% of all healthcare costs were paid for by state and municipal governments, while 7.5% came from other private sources.
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Due to advancements spurred by AI/ML, the impact of digital health technology will grow. Data from the Department for Promotion of Industry and Internal Trade show that FDI in the medicines and medication sector totaled US$19.12 billion (DPIIT).
Key Market Benifits For? Asia-Pacific Advanced Wound Care :
This report offers a detailed quantitative analysis of the current market trends from 2014 to 2025 to identify the prevailing opportunities. The market forecast and opportunities have been provided from 2018 to 2025.
The market estimations provided in this report are based on a comprehensive analysis of the key developments in the industry.
In-depth analysis based on country helps understand the regional market to assist in strategic business planning.
The development strategies adopted by key manufacturers are enlisted in the report to understand the competitive scenario of the market.
Asia-Pacific Advanced Wound Care Market? Key? Market Segements :
By Product
Infection Management
Silver Wound Dressing
Non-silver Dressing
Collagen
Exudate Management
Hydrocolloid
Foam Dressing
Alginate
Hydrogel
Active Wound Care
Skin Substitute
Growth Factor
Therapy Device
Negative Pressure Wound Therapy
Oxygen and Hyperbaric Oxygen Equipment
Electromagnetic Therapy Device
Others
By Application
Chronic Wound Care
Pressure Ulcer
Diabetic Foot Ulcer
Venous Leg Ulcer
Arterial Ulcer
Acute Wound Care
Burns & Trauma
Surgical Wound
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By End User
Hospital
Community Health Service Center
By Country
Singapore
Malaysia
Japan
China
India
South Korea
Australia
Rest of Asia-Pacific
KEY PLAYERS PROFILED
3M Company
Smith & Nephew Plc
Coloplast A/S
Medtronic Plc
Acelity L.P. Inc.
Cardinal Health, Inc.
Mölnlycke Health Care AB?
ConvaTec Group Plc
Essity Aktiebolag (BSN Medical GmbH)
B. Braun Melsungen AG
The other players of the Asia-Pacific advanced wound care market include (companies not profiled in the report):
Hollister Incorporated
Medline Industries, Inc.
Johnson & Johnson
Baxter International
Triage Meditech
Integra Lifesciences
Derma Sciences Inc.
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
In this report, the following important queries are addressed:
- What is the Global market’s sales value, production value, consumption value, import, and export (including North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
- Who are the major manufacturers in this sector on a global scale? How are their capacity, production, sales, pricing, cost, gross, and revenue operating?
- What are the vendors’ market prospects and risks in the international industry?
- Which product types, end users, or applications might be looking for additional growth prospects? What is each type’s and application’s market share?
- What specific strategies and limitations are keeping the market in check?
- What is the various marketing, sales, and distribution channels in the international market?
- What are the upstream raw materials, as well as the manufacturing machinery?
- What are the Market opportunities, market risk, and market overview of this industry?
Key Benefits of This Market Research:
- Industry drivers, restraints, and possibilities included in the study
- Neutral point of view on the market performance
- Recent enterprise developments and developments
- Competitive panorama and techniques of key players
- Potential and area of interest segments and areas exhibiting promising increase covered
- Historical, current, and projected market size, in phrases of value
- In-depth evaluation of the Market
- Overview of the regional outlook of the Market
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