Advanced Wound Care Market Size Worth USD 20.42 Billion by 2027 | Emergen Research

Advanced Wound Care Market Size Worth USD 20.42 Billion by 2027 | Emergen Research

PR Newswire

VANCOUVER, B.C., Sept. 14, 2020

- Advanced Wound Care Market Size – USD 9.72 billion in 2019, Advanced Wound Care Market Growth - CAGR of 9.7%, Advanced Wound Care Industry trends – Rising geriatric population

- The growth of the market is driven by the rising incidences of diabetes and its prevalence and wound ulcer prevalence.

VANCOUVER, B.C., Sept. 14, 2020 /PRNewswire/ --   The Global Advanced Wound Care Market is expected to reach USD 20.42 Billion by 2027, according to a new report by Emergen Research. The growth of the market is primarily driven by the increasing prevalence of diabetes, escalating geriatric population, rising incidences of wound ulcer, technological development in advanced wound care products, higher funding for wound care research, and growing awareness programs on wound management.

Emergen Research

The rising geriatric population base is at high risk of chronic wounds, which is speculated to propel the demand for advanced wound care products. The surging number of patients suffering from chronic injuries causes significant cost burdens on healthcare systems worldwide.

It is predicted that the existing and rising cost burden of these chronic wounds will drive investment in advanced wound care technology that will have a significant positive impact on the growth of the industry. However, prohibitive costs of market products, which often undermine the affordability of treatment, will, in the foreseeable future, hinder industry growth. Impaired or delayed healing of wounds in chronic diseases, as well as after surgical procedures, poses a serious threat to patients and puts them at risk of infection, amputation, and death.

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Key Highlights From The Report

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For the purpose of this report, Emergen Research has segmented the Global Advanced Wound Care Market on the basis of product type, wound type, end-user, and region:

Product Type Outlook (Revenue, USD Billion; 2017-2027)

Wound Type Outlook (Revenue, USD Billion; 2017-2027)

End-User Outlook (Revenue, USD Billion; 2017-2027)

Regional Outlook (Revenue, USD Billion; 2017-2027)

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