Stratview Research has launched a new report, titled Wound Care Products Market is segmented By Type (Collagen Products, Antimicrobial Dressings, Foam Dressings, Gauze, Hydrocolloids, Film Dressings, Other), By Application (Acute Wounds, Chronic Wounds, Surgical Wounds), By End User (Hospitals and Specialty Wound Care Clinics, Long Term Care Facilities, Home Healthcare), and Region
Covid-19 Impact Analysis:
Covid-19 has highly impacted the market dynamics, competition, and supply chain of almost all industries. The revenues have gone down in 2020 and are expected to resume an uptrend gradually from 2021 and continue to grow further. The report covers all the segments that were affected by the pandemic.
According to the report, The Global Wound Care Products Market is estimated to grow from USD 20.2 billion in 2020 to USD 27.0 billion by 2026 at a healthy CAGR of 5.1% during the forecast period.
Market Segments’ Analysis
Based on end user, the market has been divided into hospitals and specialty wound care clinics, long term care facilities, and home healthcare. Hospitals and specialty wound care clinics accounted for the largest share in 2020 on account of widespread product usage and rising number of hospitals and clinics. The long term care facilities segment is likely to register healthy growth during the review period.
Based on region, the market in Europe accounted for the largest share in 2020 due to the presence of an established healthcare industry and key market players such as Smith and Nephew Plc. (U.K). Additionally, the high demand for advanced wound care products coupled with the rising geriatric population in the developed markets is another factor fuelling the product demand. The market in the Asia-Pacific region is projected to register a healthy growth rate on account of high product in developing countries including India and China with increased spending on healthcare infrastructure development.
The following are the key players in the Wound Care Products market.
- 3M Health Care (The U.S),
- Smith and Nephew Plc. (UK),
- Integra Lifesciences Corporation (The U.S),
- Acelity L.P., Inc. (The U.S),
- Molnlycke Health Care (Sweden),
- ConvaTec, Inc. (The U.S),
- Organogenesis Inc. (The U.S),
- Coloplast Corp. (Denmark),
- Medline Industries, Inc. (The U.S),
- MPM Medical, Inc. (The U.S),
- Derma Sciences (The U.S), and
- Medtronic plc (Ireland).
Frequently Asked Questions –
This report provides vital information and valuable insights, enabling the users to identify the strategic growth opportunities in the market. The report aims at answering the following key questions:
- What is the current and future market size of Wound Care Products market?
- How has the COVID-19 pandemic impacted the market? How fast is it expected to recover?
- What will be the short and long-term effects of the pandemic?
- How are other market factors affecting the market dynamics?
- Which segments offer high-growth opportunities in the long run?
- How fierce is the Wound Care Products market competition?
- What are the key emerging trends and unmet needs in the present market?
- What are the strategic growth opportunities and key success factors?
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