(Health-NewsWire.Net, March 23, 2020 ) Market Overview Global Wound Care Management Devices Market is expected to grow at a CAGR of 7.20% in the forecast period 2019-2026.
Market Dynamics The market is majorly driven by the increase in the aging population, rise in chronic wounds, ulcers, diabetic ulcers, and technological advancements. The market is affected by the lack of proper reimbursements and high-cost procedures.
Market Trends Pharmacological therapies: There are some great innovations in Pharmacology. Pharmaceutical agents such as angiotensin-converting enzyme (ACE) inhibitors, monoclonal antibodies, topical immunosuppressants, and xanthine oxidase inhibitors have been introduced in wound care treatment successfully. According to a European Cardiology research, ACE inhibition improved walking ability and quality of life in patients with the peripheral arterial disease, a common circulatory problem, and positively impacted wound healing. Keratin-based wound management: In wound care management treatment, some new Keratin-based wound care products are introduced. Keratins are the major proteins in keratinocytes and are essential for many cellular functions. Several countries including Australia and New Zealand have adopted Keratin-based products. Keratin-based hydrogel products can also be used in the treatment of chronic dry wounds, acute wounds and for certain skin conditions that provide moisture to dry wounds, as well as a keratin-rich environment for cell growth and healing.
Market Segmentation
By Product Advanced Wound Closure Haemostatic and Sealing Agents Tissue Closure Adhesives Wound Closure Devices Advanced Wound Care Others
By Application Cardiology Dermatology Gastroenterology Infectious Devices Neurology Pediatrics Surgery
By End User Hospitals and Community Health Services Home Healthcare
Geographical Analysis North America Europe South America Asia Pacific The Middle East and Africa
Key Companies The report profiles the following companies, which include Baxter International Covidien Kinetic Concepts Coloplast Others
The scope of the report The report covers the factors impacting the market, Porter 5 Forces, Market Share Analysis, Price trend analysis, Product Benchmarking, and company profiles.
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