Global Wound Care Market

May 2020| VMR315B| Verified Market Research

Report Highlights

Wound Care Market Size And Forecast

According to Verified Market Research, Global Wound Care Market was valued at USD 18.2 Billion in 2018 and is projected to reach USD 23.5 Billion by 2026, growing at a CAGR of 3.3% from 2019 to 2026.

Global Wound Care Market Outlook

Increasing incidence of chronic diseases such as diabetes, cancer, and autoimmune diseases, rising geriatric population and surgeries, and surge in the number of ambulatory surgical centers are the key factors responsible for the growth of the wound care market. A high number of road mishaps and accidents and improved medical facilities, rising awareness among the people regarding first aid medication are some of the vital factors fueling the growth of the wound care market. Furthermore, increasing the focus of government on health benefit plans and reimbursement policies has increased the rate of hospitalization related to wound injuries and medication which is also responsible to impact positively on the market growth. However, the high cost associated with wound care products and lack of trained personnel might impede the growth of the global wound care market. 

Global Wound Care Market Competitive Landscape 

The Global Wound Care Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Smith & Nephew PLC, Mlnlycke Health Care Ab, Coloplast A/S, Baxter International Inc., Acelity L.P. Inc., Convatec Group, 3M Company, Ethicon Inc., Integra Lifesciences Holding Corporation, and Medtronic PLC.

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