Advanced Wound Care Management Market: Rising Prevalence of Chronic Wounds to Drive the Market

According to a research report by the Transparency Market Research, the global advanced wound care management market was evaluated at US$ 8,531 million in the year of 2017 and the industry is set to grow at a steady CAGR of 5.8 % during the forecast period of 2018 to 2026. The research authors at Transparency Market Research project that the global advanced wound care management market will expand to reach the evaluation of US$ 14.05 billion by the end of the forecast period i.e. 2026. Key end users for the products in the global advanced wound care management market include hospitals, ambulatory surgical centers or ASCs, clinics, and home health care, among others.

Increasing prevalence of chronic wound cases in intensive care units as well as other in-patient settings is expected to fuel the demand from hospitals and clinics segments in the global advanced wound care management market. Moreover, Europe is another region anticipated to provide lucrative growth opportunities in the global advanced wound care management market in coming years. Key factors fueling demand in the Europe global advanced wound care management market include increase in government issued laws as well as governmental initiatives pertaining to adoption of solutions from players in advanced wound care industry as well as expansion of the health care sector in emerging economies in the region. Major and leading players evaluated in the research report on the global advanced wound care management market include Acelity L.P., Inc., ConvaTec Inc., Coloplast A/S.