The global traditional wound management market was valued at $5,247.9 million in 2020 and is projected to reach $7,635.0 million by 2028 registering a CAGR of 4.70 % from 2021 to 2028. Gauze, lint, plasters, bandages (natural or synthetic), and cotton wool are traditional wound dressings that are dry and used as primary or secondary dressings to protect the wound from infection. It is used in the chronic wound treatment such as pressure ulcers, diabetic foot ulcers, venous leg ulcers, and arterial ulcers. Its application also includes its use for major surgeries to treat surgical wounds as well as various acute wounds such as burns and trauma.
The global traditional wound management market is segmented on the basis of product, application, end user, and region. On the basis of product, the market is categorized into gauze, bandages, absorbent cotton, and others. By application, it is classified into acute wound and chronic wound. By end user, it is segmented into hospitals & clinics, home healthcare, ambulatory surgical centers, and other. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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The factor that drives the traditional wound management market growth includes rise in occurrence of diabetes due to unhealthy lifestyle of people. Moreover, increase in prevalence of acute wounds such as burn, trauma and chronic wounds such as pressure ulcers, diabetic foot ulcers, venous leg ulcers, arterial ulcers drive the growth of the traditional wound management market. In addition, application of traditional wound management products in various surgical wounds and surge in geriatric population further boost the growth of the market. However, increase in development and adoption of advanced wound care products are expected to restrain the growth of the market. Moreover, improvements in regulatory environments in developing countries are anticipated to provide lucrative growth opportunities for market players.
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.
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).
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KEY BENEFITS FOR STAKEHOLDERS
– The study provides an in-depth analysis of the global traditional wound management market along with the current trends and future estimations to elucidate the imminent investment pockets.
– A comprehensive analysis of the factors that drive and restrict the market growth is provided in the report.
– Comprehensive quantitative analysis of the industry from 2020 to 2028 is provided to enable the stakeholders to capitalize on the prevailing market opportunities.
– Extensive analysis of the key segments of the industry helps understand the application and products of traditional wound management used across the globe.
– Key market players and their strategies have been analyzed to understand the competitive outlook of the market.
LIST OF KEY PLAYERS PROFILED IN THE REPORT
– B.Braun Melsungen AG
– BSN Medical
– Cardinal Health
– Derma Sciences Inc.
– Johnson & Johnson Pvt. Ltd.
– Medtronic PLC
– Medline Industries, Inc.
– Molnlycke Health Care AB
– PAUL HARTMANN AG
– Smith & Nephew
KEY MARKET SEGMENTS
By Product
– Gauze
– Bandage
– Cotton
– Others
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By Application
– Acute wound
– Chronic Wound
By End User
– Hospitals & Clinics
– Home Healthcare
– Ambulatory Surgical Centers
– Other
By Region
– North America
o U.S.
o Canada
o Mexico
– Europe
o Germany
o France
o UK
o Italy
o Spain
o Rest of Europe
– Asia-Pacific
o Japan
o China
o India
o Australia
o South Korea
o Rest of Asia-Pacific
– LAMEA
o Brazil
o Saudi Arabia
o South Africa
o Rest of LAMEA
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
Reasons to Buy This Report:
- This file will help the peruses with appreciation the opposition interior the ventures and structures for the serious local weather to improve the feasible benefit. The document moreover facilities round the cutthroat scene of the market, and provides exhaustively the piece of the pie, industry positioning, contender organic system, market execution, new object advancement, recreation circumstance, development, and securing.
- And so forth of the fundamental players, which assists the peruses with distinguishing the indispensable contenders and profoundly know the opposition instance of the market.
- This record will help companions with greedy the global enterprise popularity and patterns of Telemedicine Administration Frameworks and offers them statistics on key market drivers, restrictions, difficulties, and open doors.
- This document will aid companions with grasp contenders higher and collect experiences to reinforce their scenario in their organizations. The serious scene region contains the piece of the pie and rank (in extent and worth), contender environment, new object improvement, development, and obtaining.
- This document stays refreshed with novel innovation mix, highlights, and the latest developments on the lookout.
- This file assists companions with grasp the Coronavirus and Russia-Ukraine War Impact on the Telemedicine Administration Frameworks industry.
- This record assists companions with obtaining bits of know-how into what locales to internationally target.
- This file assists companions with obtaining experiences into the end-client perception regarding the reception of Telemedicine Administration Frameworks.
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