Increasing prevalence of chronic injuries along with rising awareness of bioactive dressings are the factors driving market growth.
Market Size – USD 9.08 Billion in 2020, Market Growth – at a CAGR of 6.1%, Market Trends – Increasing prevalence of chronic injuries, and rise in number of surgical processes
The global bioactive wound care market to reach USD 14.588 billion by 2028 at a CAGR of 6.1%, according to the latest report by Reports and Data. Increasing incidences of chronic injuries, rising number of surgeries, advancement in healthcare infrastructure, growing health awareness, increasing adoption and demand of bioactive substances for fastest wound recovery are some key factors expected to drive market revenue growth over the forecast period. Rapidly increasing geriatric population along with rising complications in chronic wound healing is further drive the market growth.
Bioactive agents like hydrocolloids, hydrogels, alginates, collagens, etc., are used to in various types of wounds dressings for faster recovery and healing of wound. They are applied through a polymeric scaffold to a wound. Bioactive agents can actively interact with wound environment and accelerate healing. They are biodegradable, highly absorbent, and protect wound surrounding. Bioactive wound dressing can be extremely useful in chronic injuries which takes longer time to heal.
Increasing government spending on healthcare infrastructure is one of the key factors expected to boost market revenue growth over the forecast period. There are lucrative opportunities for the market contributors operating in the global bioactive wound care market. Rising health complications, increasing number of surgical processes, awareness of using bioactive wound care for faster wound recovery are some key factors expected to contribute to market growth going ahead.
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The global Bioactive Wound Care market is expected to register significant growth throughout the forecast period. The pharmaceutical & healthcare sector has register significant revenue growth over the recent past. Technological advancements in the healthcare and medical sector, availability of latest tools and techniques, increasing investments in the healthcare sector and improving healthcare infrastructure are key factors boosting market growth. In addition, rising funds by several public and private sectors, high adoption of POC diagnosis and home care settings, is further fueling market growth.
The current pandemic has been very challenging for all industries including the healthcare and pharma sector. Shortage of medicines, vaccines and others healthcare facilities is expected to open lucrative growth opportunities for market players in going ahead.
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The report offers detailed information about recent activities by market players, their market position, financial status, global standing, services and product portfolio along with license agreement. These key players are adopting various strategies such as partnerships, collaborations, merger and acquisitions, and joint ventures to gain robust footing in the market. These players are also investing in research and development activities to come up with enhanced materials and products.
Leading companies operating in the global Bioactive Wound Care market
3M Healthcare, Smith & Nephew PLC, Molnlycke Health Care AB, Coloplast A/S, ConvaTec Inc., Paul Hartmann AG, Organogenesis Inc., Medtronic PLC, BSN Medical Inc., and Covalon Technologies Ltd. among others.
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The report further sheds light on market segmentation and regional bifurcation.
Bioactive Wound Care Market Segmentation:
Product Type Outlook (Revenue, USD Billion; 2018 – 2028)
- Moist Wound Care
- Alginate Wound Dressing
- Foam-Based Wound Dressing
- Hydrocolloid Dressing
- Active Wound Care
- Skin Substitutes
- Collagen Dressings
- Keratin Dressings
- Cell-Based Therapy
- Antimicrobial Wound Care
- Silver Based Wound Dressing
- Iodine Based Wound Dressing
- Chitosan Based Wound Dressing
Wound Type Outlook (Revenue, USD Billion; 2018 – 2028)
- Chronic Wound
- Acute Wound
End-User Outlook (Revenue, USD Billion; 2018 – 2028)
- Ambulatory Care Services
- Hospitals & Clinics
Key Regional Markets:
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Key findings in the report:
- Information about key trends, technological developments, growing focus on drug discovery and investments in research and development activities
- Detailed insights about manufactures, product portfolios, pricing analysis and financial pricing
- Technological developments and detailed analysis in the volatile competitive landscape.
- New strategies adopted by new and emerging market players
- Estimation about manufactures, sales and import and export dynamics
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