Summary
The global Wound Management Disposable Market is expected to witness a CAGR of xx% over the forecast period 2020-2026 and is expected to reach US$ xx million in 2026, from US$ xx million in 2019.
Overview
Wound care management refers to the healing process by protecting wound fluids, preventing & managing infection, influencing collagen maturation, and controlling mechanical influences. These wounds can be ulcers, chronic wounds, diabetic ulcers, etc. Different types of disposables are used in wound care management including gloves, masks, bandages, antiseptic dusting powder, sponge, dressing equipment, etc. The global wound care management devices market focuses on six regions namely North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.
Market Drivers
Increasing incidence of hospital-acquired infections is expected to drive growth of the global wound management disposable market during the forecast period. According to the World Health Organization (WHO), of every 100 hospitalized patients 10 from emerging and 7 from developed countries will acquire at least one healthcare-related infection. According to the European Centre for Disease Prevention and Control, around 7.1% of Europeans get affected by hospital-acquired infections. Such infections can be dealt with adequately with wound management disposables. Hence, such factors are expected to drive growth of the global wound management disposable market during the forecast period. Furthermore, growing cases of ulcers are expected to propel the global wound management disposable market growth over the forecast period.
Market Restraint
High cost associated with advanced wound care products is expected to restrain growth of the global wound management disposable market during the forecast period.
Regional Insights
Among regions, North America is expected to witness significant growth in the global wound management disposable market during the forecast period. This is owing to rising prevalence of diabetes in the region. According to the American Diabetes Association (ADA) in 2018, around 34.2 million people in the U.S. had diabetes. Furthermore, Asia Pacific is expected to register a lucrative growth rate, owing to rising geriatric population in the region.
Competitive Section
Major companies involved in the global wound management disposable market are Medtronic, 3M, Cardinal Health, Johnson & Johnson, Medline Industries, Boston Scientific, Becton and Dickinson, Abbott Laboratories, and Ansell Limited.
For instance, in April 2019, Baxter International received the U.S. Food and Drug Administration (FDA) for its Floseal Hemostatic Metricx.
The Wound Management Disposable Market report highlights product development and growth strategies such as merger and acquisition adopted by market players along with SWOT Analysis, PEST and Porter’s Five Forces analyses of the Wound Management Disposable Market, which highlight the strengths, weaknesses, opportunities, and commination of key companies. Moreover, the report offers two distinct market forecasts, one from the perspective of the producer and another from that of the consumer.
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Manufacturers covered in this Report:-
- Abbott Laboratories
- Medtronic
- Becton and Dickinson
- Boston Scientific
- Medline Industries
- Derma Sciences
- Kinetic Concepts
- Cardinal Health
- Ansell Limited
- Johnson Johnson
- 3M
By the Product Type, the market is primarily segmented into:
- Cotton Swabs
- Gauze
- Wound Dressing
- Other
By Applications, the market is segmented into:
- Emergency Care
- Outpatient Facilities
- Hospitals
- Home Healthcare Facilities
The Report covers the following Regions:
- North America
- United States
- Canada
- Mexico
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Central & South America
- Middle East & Africa
- Turkey
- GCC Countries
- Egypt
- South Africa
Objective of the Wound Management Disposable Market Report:
- To assess the size of the market by value and volume
- Analyze the Wound Management Disposable Market in terms of regions and major countries
- Highlight recent developments and trends in the market
- Offer perceptive data regarding major market players in terms of key developments, strategies, and product portfolio
- Determine share of the Wound Management Disposable Market in terms of various segments such as by product type, application, and end-user
- Offer accurate projection of the market for the forecast period using state-of –the-art tools and the current primary and secondary research approaches
- Discuss major factors that impact growth of the Wound Management Disposable Market
The Wound Management Disposable Market engages the readers with all pivotal approaches to understand their position in the industry based on revenue or sales growth. The report efficiently evaluates the Wound Management Disposable Market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competition in the market. The information in the report is backed by annual company reports, financial reports, press releases, regulatory databases, government documents, and statistical databases.
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders:
- Material suppliers/wholesalers
- Market Distributors/traders
- Regulatory bodies
- Research organizations, and consulting firms
- Commercial research & developments (R&D)
- Trade associations and industry bodies
- Importers and exporters
- End-use industries
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