Tuesday, February 25, 2020

Advanced Wound Care Market Competitive Analysis 2019-2030 and Key Players - Smith & Nephew, B. Braun, ConvaTec

Advanced wound care products are widely used to treat more complex wounds that require wound hydration and promote healing. The products are used as moisture therapy and applied around the wound area. Also these products provide protection from bacterial infection and other foreign elements thus maintaining stable temperature around the wound, protection from infection, removal of dead tissues, assistance in oxygenation, and relieve in pain.

Market Industry Reports (MIR) has published a new report titled "Advanced Wound Care Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030." According to the report, the global advanced wound care market is estimated to be over US$ 8.5 Bn in 2017. It is anticipated to grow at a CAGR of 4.3% from 2019 to 2030.

Major Key Players of the Advanced Wound Care Market are:
Smith & Nephew, B. Braun, ConvaTec Group, Integra LifeSciences, 3M, Cardinal Health, Medtronic, MPM Medical, Paul HARTMANN, and MiMedx Group, among others.

Read More @ http://www.sbwire.com/press-releases/advanced-wound-care-market-competitive-analysis-2019-2030-and-key-players-smith-nephew-b-braun-convatec-1278368.htm 


Technological advancements in the sector of wound therapy, growing geriatric population and treatment coupled with increasing awareness among patients have been pivotal in dictating the growth of the advanced wound care market. Moreover, efficient treatment options for complex wounds, diabetes and associated chronic wounds and increasing expenditures on healthcare is anticipated to be the major drive the growth of the global advanced wound care market between 2019 and 2030.Furthermore, key players have extensively focused on collaborating with several educational and research institutes to amplify R&D activities and meet the overall demands of the healthcare industry. For instance, Smith and Nephew a global medical device company entered into collaboration with University of Hull, to create wound care research cluster and facilitate development of advanced R&D centers.

The population of geriatric population across the world has grown rapidly over the past several decades. Moreover, this growth has witnessed an unprecedented rate in recent times. In 2016, it was approximated that the population of individuals aged 65 years or older was 8.5% or 617 million of the entire world population. Furthermore, it is projected that the figure will witness an increment to 17% i.e. 1.6 billion by the end of 2050. Such rapid growth of geriatric population is anticipated to present a remunerative growth opportunity for the global advanced wound care market in the coming times. Since, the utilization of advanced wound care products for assisting treatment and facilitating faster recovery of wounds among aged population is enormously crucial.

Read More @ http://www.sbwire.com/press-releases/advanced-wound-care-market-competitive-analysis-2019-2030-and-key-players-smith-nephew-b-braun-convatec-1278368.htm 

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