The global Wound Care Market size is expected to reach USD
25.1 billion by 2026, according to a new report by Grand View Research, Inc.,
registering a 3.9% CAGR during the forecast period. Increase in prevalence of
chronic diseases globally, rising number of ambulatory surgical centers (ASCs),
and growing geriatric population are key factors driving the global market.
ASCs offer a variety of services such as surgical
assistance, diagnostics, and preventive procedures. Surgeries for pain
management, urology, orthopedics, restorative, and gastro intestinal (GI)
conditions are also performed in ambulatory surgery centers. Earlier, ASCs were
only capable of performing GI-related minor surgeries; however, with increase
in number of minimally invasive surgical procedures, services offered by
ambulatory surgical centers have expanded and grown exponentially.
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. ASCs are increasing in number and thus offer
cost-effective services. In addition, favorable reimbursement coverages are
being provided with regard to services provided by ASCs. The chances of
contracting post-surgical, hospital-related infections are also reduced. ASCs
provide specific instructions to patients regarding post-surgical homecare.
Thus, with an increase in the number of ASCs and number of surgical procedures,
demand for wound care is expected to increase.
Browse
Details of Report @
https://www.grandviewresearch.com/industry-analysis/wound-care-market
https://www.grandviewresearch.com/industry-analysis/wound-care-market
Further key findings from the report suggest:
- In terms of revenue, the advanced dressing segment held the largest
share in 2018 owing to increasing cases of chronic diseases and rising
adoption of advanced wound care products across the globe
- The home healthcare segment is expected to witness the fastest
growth over the forecast period due to increasing geriatric population and
rising adoption of negative pressure wound therapy
- On the basis of application, the acute segment held the largest
wound care market share in 2018 owing to rising number of surgeries and
burn cases across the globe
- Asia Pacific is expected to witness the fastest growth over the
forecast period owing to increasing number of surgeries and rising cases
of burns in this region
- Prominent key players present in the wound care market include Smith
and Nephew; Molnlycke Health Care AB; and Baxter International Inc.
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
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Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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