DUBLIN--(BUSINESS WIRE)--The "Wound Care Market Size, Share & Trends Analysis Report by Application (Chronic, Acute Wounds), by Product (Advanced, Surgical), by End Use (Hospitals, Home Healthcare), by Region, and Segment Forecasts, 2021 - 2028" report has been added to ResearchAndMarkets.com's offering.
The global wound care market size is expected to reach USD 27.21 billion by 2028 registering a CAGR of 4.1%. Rising prevalence of chronic diseases and growing geriatric population are the key factors driving the global market. An increasing number of Ambulatory Surgical Centers (ASCs) across the globe is also anticipated to boost market growth over the forecast period. Ambulatory surgical centers offer a variety of services, such as surgical care, diagnostics, and preventive procedures.
Surgeries for pain management, urology, orthopedics, restorative, and Gastro-Intestinal (GI)-related surgeries are also performed in ASCs. Earlier, ASCs were only capable of performing GI-related minor surgeries; however, with the rising demand for minimally invasive surgical procedures, services offered by ASCs expanded and grew exponentially. In addition, ASCs are highly cost-effective as favorable reimbursement coverages are provided for ASC services. The chances of contracting post-surgical, hospital-related infections are also reduced.
ASCs provide specific instructions to patients regarding post-surgical homecare. According to the U.S. Department of Health and Human Services (HHS) data records of 2014, there were 17.2 million hospital visits. These included invasive, therapeutic surgeries, and ambulatory surgeries. Around 9.94 million (57.8%) of these surgeries occurred in hospital-owned ambulatory surgery settings and the remaining 7.26 million surgeries (42.2%) were conducted in hospitals.
Wound Care Market Report Highlights
- In terms of revenue, the advanced wound dressing segment held the largest share in 2020 owing to the increasing cases of chronic diseases and rising adoption of advanced wound care products.
- Home healthcare is expected to be the fastest-growing end-use segment over the forecast period due to the increasing geriatric population and rising adoption of negative pressure wound therapy.
- The acute wounds application segment held the largest revenue share in 2020 owing to the increased number of surgeries and burn cases.
- The Asia Pacific is expected to be the fastest-growing regional market over the forecast period owing to the increasing number of surgeries and burns cases in this region.
Key Topics Covered:
Chapter 1 Methodology
Chapter 2 Executive Summary
Chapter 3 Wound Care Market Variables, Trends & Scope
3.1 Market Lineage Outlook
3.2 Penetration & Growth Prospect Mapping
3.3 Product Pipeline Analysis
3.4 User Perspective Analysis
3.5 List of End Users
3.6 Regulatory Framework
3.7 Market Dynamics
3.7.1 Market driver analysis
3.7.1.1 Global increase in prevalence of chronic diseases
3.7.1.2 Increasing number of Ambulatory Surgical Centers (ASCs)
3.7.1.3 Increasing number of accidents
3.7.2 Market restraint analysis
3.7.2.1 Stringent manufacturing policies
3.8 Wound Care Market Analysis Tools
Chapter 4 Wound Care Market: Segment Analysis, By Product, 2016 - 2028 (USD Million)
4.1 Definitions & Scope
4.2 Product Market Share Analysis, 2020 & 2028
4.3 Segment Dashboard
4.4 Global Wound Care Market, by Product, 2016 to 2028
4.5 Market Size Forecasts and Trend Analysis
4.5.1 Advanced Wound Dressing
4.5.2 Surgical Wound Care
4.5.3 Traditional Wound Care
4.5.4 Wound Therapy Devices
Chapter 5 Wound Care Market: Segment Analysis, By End Use, 2016 - 2028 (USD Million)
5.1 Definitions & Scope
5.2 End Use Market Share Analysis, 2020 & 2028
5.3 Segment Dashboard
5.4 Global Wound Care Market, by End Use, 2016 to 2028
5.5 Market Size Forecasts & Trend Analysis
5.5.1 Hospitals
5.5.1.1 Hospitals market, 2016 - 2028 (USD Million)
5.5.2 Specialty Clinics
5.5.2.1 Specialty clinics market, 2016 - 2028 (USD Million)
5.5.3 Home Healthcare
5.5.3.1 Home healthcare market, 2016 - 2028 (USD Million)
5.5.4 Others
5.5.4.1 Others market, 2016 - 2028 (USD Million)
Chapter 6 Wound Care Market: Segment Analysis, By Application, 2016 - 2028 (USD Million)
6.1 Definitions & Scope
6.2 Application Market Share Analysis, 2020 & 2028
6.3 Segment Dashboard
6.4 Global Wound Care Market, by Application, 2016 to 2028
6.5 Market Size Forecasts & Trend Analysis
Chapter 7 Wound Care Market: Regional Market Analysis, By Product, End Use, and Application, 2016 - 2028 (USD Million)
7.1 Definitions & Scope
7.2 Regional Market Share Analysis, 2020 & 2028
7.3 Regional Market Dashboard
7.4 Regional Market Snapshot
7.5 SWOT Analysis, by Factor (Political & Legal, Economic, and Technological)
7.5.1 North America
7.5.2 Europe
7.5.3 Asia Pacific
7.6 Market Size Forecasts & Trend Analysis
7.6.1 North America
7.6.2 Europe
7.6.3 Asia Pacific
7.6.4 Latin America
7.6.5 Middle East and Africa
Chapter 8 Wound Care Market: Competitive Analysis
8.1 Recent Development & Impact Analysis, by Key Market Participants
8.1.1 Heat map analysis
8.2 Company Categorization
8.3 Vendor Landscape
8.3.1 List of key distributors
8.3.2 Key customers
8.3.3 Key company market share analysis, 2020
8.4 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/tys5vs