Published Date: 2021-03-04
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APAC Advanced Wound Care Market size is projected to reach USD 2.6 billion by 2027, according to a latest forecast report by Graphical Research.
The on-going pandemic of COVID-19 will have a moderate impact on the overall advanced wound care industry. Since the coronavirus outbreak various industries working in this business are forced to halt their manufacturing and production operations, owing to continuous spread of COVID-19. Therefore, the wound care business has seen a temporary drop in growth because of higher risk of individuals catching coronavirus infection in healthcare and hospital settings. In addition, industry operations and management have been paused, due to different other government declarations that further created substantial impact on the advanced wound care market.
The wound dressings segment is anticipated to register a growth rate of 5% between 2021 and 2027 due to continuous necessity for wound dressings at homecare and hospital settings owing to surged incidences of road accidents. Wound dressings have several advantages during different surgeries as well as for individuals suffering from chronic illnesses including diabetes that diminishes the rate of healing process. Furthermore, availability of different wound dressings including antimicrobial, alginate, hydrogel, foam dressing, film and hydrocollidal dressings among others further secures the segment growth.
The skin burn segment held over 25% APAC advanced wound care market share in 2020 owing to rising incidence of skin burns in developing countries. Skin burns necessitate critical care to avoid future complications. Moreover, as per the World Health Organization, nearly 1,000,000 individuals severely or moderately get burnt every year in India alone. Therefore, rising burn cases especially in low-income economies will accelerate the demand and need for better as well as advanced wound care devices and dressings.
Browse detailed statistical insights from the report, “Asia Pacific Advanced Wound Care Market Size, By Application (Diabetic Wounds, Skin Burn Wounds, Pressure Wounds, Surgical Wounds, Venous Legs Ulcers), By Product (Wound Dressings {Antimicrobial Dressings, Alginate Dressings, Hydrogel Dressings, Foam Dressings, Film Dressings, Hydrocolloidal Dressings}, Wound Therapy Devices, {Negative Pressure Wound Therapy Systems, Pressure Relief Devices, Electrostimulation Devices, Oxygen and Hyperbaric Oxygen Equipment}), By End-use (Hospitals, Homecare Settings), Research Report, Country Outlook (Japan, India, China, South Korea, Australia, Taiwan, Malaysia, Indonesia, Thailand), Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2021 - 2027” along with the table of contents (ToC) @
https://www.graphicalresearch.com/industry-insights/1687/asia-pacific-advanced-wound-care-market
The homecare settings segment accounted for around USD 485 million revenue in 2020, impelled by surging preference by elderly population base for better wound therapies at home. Numerous business players have introduced different portable wound therapy devices for convenience and operational ease that augments the segment progression. Furthermore, people aged 60 and above have lower wound healing rate as compared to adults and find it inconvenient to pay frequent hospital visits that secures the demand for several wound care products at home.
The India advanced wound care market is predicted to expand at 6.5% CAGR till 2027. Increasing sophisticated healthcare facilities in clinics and other hospitals will prove beneficial for the country growth. The geriatric population is rising continuously. Moreover, elderly population base prone to numerous chronic diseases is expected to surge the demand for advanced wound care products.
Some of the well-known players operating in the Asia Pacific advanced wound care market are Hollister, 3M, Medtronic, Lohmann & Rauscher, Integra LifeSciences Corporation, B. Braun, Integra LifeSciences Corporation, Smith & Nephew, and others. These prominent market players are focusing on developing organic and inorganic growth strategies for maintaining financial stability in the market. For instance, in March 2017, Hartmann announced the launch of two new wound care products including Co-Lastic Sterile, an effective cohesive bandage that can be used in a various clinical setting and two Press 2, a two-layer bandaging system for the treatment of venous leg ulcers.
The APAC advanced wound care market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2016 to 2027, for the following segments:
Asia Pacific Market, By Product, 2016-2027 (USD Million)
Asia Pacific Market, By Application, 2016-2027 (USD Million)
Asia Pacific Market, By End-use, 2016-2027 (USD Million)
The above information has been provided for the following countries:
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