Advanced Wound Therapy Devices Market Future Insights, Share Value, COVID-19 Impact and Emerging Trends By 2023
Advanced
Wound Therapy Devices Market Research Report: by Type (Negative Pressure Wound
Therapy Systems, Electric Stimulation Devices, Hyperbaric Oxygen Equipment,
Pressure Relief Devices, Others), by End-user (Hospitals & Clinics, Home
Care Settings, Others), and Region - Global Forecast till 2027
Advanced Wound Therapy Devices Market
Highlights
Market Research Future (MRFR)
predicts that the global advanced wound therapy devices
market to
touch the valuation of USD 2,804.53 million by 2023. It could demonstrate a
CAGR of 6.70% CAGR during the forecast period (2018-2023).
Market
Drivers and Top Barriers
Advanced wound care sector is
emerging rapidly, as it provides devices as well as solutions that help manage
acute and chronic wounds. Advanced wound therapy devices are used for treating
wounds that take place due to pressure venous disease, ulcers, diabetes, and
others.
Rising cases of diabetes is one
the most important growth-inducing factors in the market. Those with diabetes
heal at a slow rate and have poor blood circulation that negatively affects the
immunity system. The Centers for Disease Control & Prevention (CDC) reveals
that close to 30.3 million in the United States (U.S.) have diabetes. Trade
pundits predict that the worldwide advanced wound therapy devices market could
capitalize on this trend by offering precise solutions, thereby expanding in
the subsequent years.
The burgeoning geriatric
population is benefitting the market to a great extent. This factor is
supported by facts presented by the World Health Organization (WHO), that says
the elderly populace could reach around 1.2 billion by 2025. Moreover, emergence
of novel products along with rapid approval by regulatory bodies benefits the
advanced wound therapy devices market. To illustrate, ConvaTec was approved by
FDA for its negative pressure wound therapy (NPWT) system in 2018.
Request
Free Sample Copy at:
https://www.marketresearchfuture.com/sample_request/7421
Market
Segmentation
The worldwide advanced wound
therapy devices market has been considered for type and end-user.
Types of therapy devices
mentioned in the report are hyperbaric oxygen equipment, electric stimulation
devices, negative pressure wound therapy systems, pressure relief devices, and
others. The negative pressure wound therapy systems controlled close to 42.9%
share in 2017, with pressure relief devices coming second with a 28.2% share.
Hyperbaric oxygen equipment accounted for 15.2%, electric stimulation devices
for 7.9%, and others came to 5.8% of the total market. Negative pressure wound
therapy systems could expect to reach the valuation of USD 1,217.41 million by
2023, surging at a rate of 6.91% during the forecast period. On the other hand,
pressure relief devices are expected to achieve the highest CAGR of 7.03% in
the next few years, with it predicted to touch around USD 805.35 million by
2023.
End-users enlisted in the
report cover home care settings, hospitals & clinics, and others. Hospitals
& clinics was at the top with a 73.7% share in 2017, with home care
settings at the second position with a 14.5% share and others accounting to
11.8%. Hospitals & clinics can obtain a CAGR of 6.95% during the forecast
period, to arrive at the valuation of USD 2,095.66 million by 2023.
Furthermore, the home care settings segment could exhibit a CAGR of 6.78% to expand
at USD 408.50 million by the end of the appraisal period.
Browse Detailed TOC with
COVID-19 Impact Analysis at:
https://www.marketresearchfuture.com/reports/advanced-wound-therapy-devices-market-7421
About
Market Research Future:
At
Market Research Future (MRFR), we enable our customers to unravel the
complexity of various industries through our Cooked Research Report (CRR),
Half-Cooked Research Reports (HCRR), & Consulting Services. MRFR team have
supreme objective to provide the optimum quality market research and
intelligence services to our clients.
Contact:
Akash Anand
Market Research Future
+1 646 845 9312
Email:
sales@marketresearchfuture.com
Comments
Post a Comment