Smart Wound Care Products Market Growth, Analysis, Key Players, and Forecast to 2025,
Added: (Tue Jul 09 2019)
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Precision Business Insights (PBI) in its report titled “Smart Wound Care Products Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period from 2019 to 2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the smart wound care products market revenue growth over forecast period.
The smart wound care products market size was accounted for US$ XX Mn in 2018 and anticipated to account for US$ XX Mn by 2025. Increasing incidence of chronic wounds in developing and developed economies, rising costs of wound management, increasing number of aging population in developed markets and Advantages associated with the use of smart wound care products like patient comforts, cost-effectiveness are expected to create a demand for the market for smart wound care products market. However, higher prices of smart wound care products, the dearth of product availability and accessibility may hamper the market revenue growth of smart wound care products market over the forecast period.
Smart wound care products market segmented on the basis of product type, material type, end users and region.
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Wound Dressing Segment Expected to Dominate the Market
Based on product type, the smart wound care products is segmented into bandages, wound dressing and others. Key wound dressing product segments include traditional products and advanced products. Advanced product segment that comprises moist, antimicrobial and active products dominated the overall industry, commanding over XX% revenue share in 2014. Advanced wound care therapy is indispensable for treatment of chronic and non-healing wounds. The dominance of this segment can be attributed to high usage and improved utility of products.
North America, Accounts for Major Revenue Share for Smart Wound Care Products Market
Precision Business Insights (PBI), smart wound care products market report analyses the market in different regions North America, Europe, Asia Pacific, Latin America and Middle East and Africa. According to regional analysis, North America accounted for major revenue share owing to favorable reimbursement policies. Asia Pacific market expected to witness significant growth owing to increasing incidence of chronic wounds owing rising prevalence of Diabetic Foot Ulcer (DFU), rising incidences of injuries and aging population in Japan expected to drive the market for smart wound care products.
Collaboration with Research Institutes and Innovation Centers Play Vital Role in Smart Wound Care Products Market
Market strategies such as collaboration with research institutes and innovation centers play an important role in the development of the smart wound care products. For instance, in 2015, Holst Centre has teamed up with Ireland’s leading ICT research center, Tyndall National Institute (Cork) and medical equipment provider Fleming Medical (Limerick) to develop the world’s first commercially-available “smart care products” for use in futuristic wound care applications.
Key players in the market include OSNovative Systems, Inc., and Derma Sciences, Inc. to name a few.
Detailed Segmentation
By Product Type
o Wound Dressings
o Bandages
o Others
By Material Type
o Smart Polymers
o Textile-Based
By End Users
o Hospitals
o Clinics
o Homecare Settings
o E-Commerce
Geography
o North America
U.S.
Canada
o Europe
Germany
UK
France
Russia
Spain
Italy
Rest of Europe
o Asia-Pacific
China
Japan
India
ASEAN
Rest of Asia Pacific
o Latin America
Brazil
Mexico
Argentina
Chile
Rest of Latin America
o Middle East and Africa
South Africa
Gulf Cooperation Council Countries (GCCC)
Rest of MEA
Read more info at https://precisionbusinessinsights.com/market-reports/global-smart-wound-care-products-market/
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