Wound Care Market — Forecast and Analysis to 2020
Relatively untapped Asian market and active wound care products have opened an array of opportunities for growth of market. However, factors such as high costs of advanced wound care products may restrain the growth of this market.
Global wound care market is expected to reach USD 20.4 Billion by 2021 from USD 17.0 Billion in 2016, growing at a CAGR of 3.6% from 2016 to 2021. Market is segmented on the basis of product, wound type, end users, and region.
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Global wound care market involves various products that help in healing and preventing infection. This market is driven by several factors which include rising incidences of hospital-acquired infections and the increasing awareness about latest technologies in market. Government initiatives in forms of grants and funds & technological advancements due to which new and innovative products are being launched are other major factors driving growth of this market.
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This research report is useful for following audience
· Wound care device manufacturers
· Wound care associations
· Research and consulting firms
· Distributors of wound care devices
· Contract manufacturers of wound care devices
· Healthcare institutes (hospitals, medical schools, diagnostic centers, and outpatient clinics)
· Research institutes
· Venture capitalists
· Insurance providers (payers)