Connect with us

News

Wound Care Devices Market To Reach A Value Of US$ 2,949.2 Mn, Rising Prevalence Of Chronic Wounds In General Population

gbafNews28
https://www.gawdo.com

Wound Care Devices Market to exhibit growth at a CAGR of 5.1%, owing to the innovation in new therapies says Fortune Business Insights in a published report titled “Wound Care Devices Market Size, Share and Global Trend By Product Type (Negative Pressure Wound Therapy (NPWT), Hyperbaric Oxygen Therapy (HBOT), Extracorporeal Shock Wave Therapy (ESWT)), Indication (Diabetic Foot Ulcers, Pressure Ulcers, Surgical Wounds), End Users (Hospitals, Clinics, Home Care Settings) and Geography Forecast till 2025”.

As per the report wound care device market is projected to reach a value of US$ 2,949.2 Mn from US$ 1,994.8 Mn during the forecast period.

Browse Complete Report Details @

https://www.fortunebusinessinsights.com/industry-reports/wound-care-devices-market-100388

AI Technology In Smartphones To Diagnose Wounds

Artificial intelligence is playing a major role in wound care devices, assisting medical practitioners to treat wounds efficiently. New technology in smartphones is leading to a greater future for the wound care devices market. For instance, Kronikare an AI-driven company introduced a system for assessment and management of chronic wounds, which runs on smartphones using thermal imaging and machine learning.

The process includes Patients creating a five-second video of the wound, which is then analyzed by the app in 30 seconds. The new automation is predicted to fuel demand in patients, wound care nurses and others thereby acting as a driver for wound care device market.

Cost Reduction in Wound Care Management with the Use Of Portable Wound Care Devices

Increasing acceptance of negative pressure wound therapy by patients along with the innovation of new therapies including extracorporeal shock wave therapy for wound care is driving the wound care devices market. propitious aspects of wound care devices in exudate management such as lower cost of wound management compared to the conventional method, quick healing and relief from the wound are some of the factors projected to fuel demand for the new wound care devices.

Key players in the market are creating new means for portable wound care devices potentially with an aim to reduce the inclusive cost of wound care management. In addition, the rising focus of market players to launch innovative devices, along with numerous financial opportunities which include rental schemes for wound care devices, is expected to increase demand and boost the market of wound care devices during the forecast period.

Get Sample PDF [email protected]

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/wound-care-devices-market-100388

Some of the Main Key Players Covered in the Report

  • Smith and Nephew
  • KCI Licensing, Inc.
  • Talley Group Ltd
  • Cardinal Health
  • ConvaTec, Inc.
  • DeRoyal Industries, Inc.
  • Devon Medical Products
  • BSN medical
  • Medela AG

The U.S to Dominate the Global Market

The lower cost of treatment along with clinical advantages of wound care devices compared to wound care dressing and therapies are factors propelling the growth of wound care devices market in the U.S. The prevalence of unmet needs among patients in the U.S along with ample reimbursement policies for wound acre devices are some of the prime factors attributing to the growth of wound care devices in North America.

Launch of new devices, an increasing number of regulatory approvals along with steady modification towards rental schemes for devices are factors anticipated to drive the wound care device market in North America during the forecast period. The market was valued at US$ 796.4 Mn in 2017 and is predicted to remain consistent and dominate the market through 2018-2025.

More Trending Topics from Future Business Insights:

Diabetes Drugs Market 2019 Size, Revenue, Share and Global Trend By Drug Class, Diabetes Type and Geography Forecast 2026

Parkinson’s Disease Drugs Market Growth Insight, Share, Development Status, Regional Trends Forecast till 2026

About Us:

Fortune Business Insights offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights we aim at highlighting the most lucrative growth opportunities for our clients. W, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us
Fortune Business Insights Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune – 411045, Maharashtra, India.

Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email: [email protected]

Editorial & Advertiser disclosure

Call for Entries

Global Banking and Finance Review Awards Nominations 2021
2021 Awards now open. Click Here to Nominate

Newsletters with Secrets & Analysis. Subscribe Now