Global Wound Care Centers Market is valued approximately at USD 36.1 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 4.6% over the forecast period 2020-2027. Wound Care Center is a type of medical facility that facilitates the treatment of wounds that do not heal. Specialized wound care centers are increasingly built since it speeds up the treatment or healing while reducing the risk of infection. Chronic wounds are considered as a vital healthcare concern, especially among the increasing geriatric patients, as well as patients with several comorbidities. Therefore, wound care centers are in demand since it provides relief to the patients which contributes to the market growth worldwide. The rise in prevalence of diabetes, obesity and other lifestyle diseases across the developed & developing nations, increasing number of surgical procedures, and rapidly growing geriatric population are the few factors responsible for the market growth over the forecast period. According to the International Diabetic Federation (IDF), in 2019, the incidence rate of diabetes among adults aged between 20-79 years was estimated around 463 million adults, and this estimation is likely to grow to almost 700 million by the year 2045. Likewise, as the WHO data predicted that more than 650 million global population was reported to be obese in the year 2016. While the World Obesity Federation 2017 stated that over 2.7 billion population of the world would be obese by the year 2025. Therefore, the rising cases of diabetes and obesity is expected to accelerate the demand for wound care centers all over the world. However, the high cost of the wound care products and services and risks related to the use of advanced wound care products are the few factors restraining the market growth over the forecast period of 2020-2027.
The regional analysis of the global Wound Care Centers market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the increasing number of research and development activities to quick heal of wound, along with the presence of significant number of market vendors in the region. Whereas Asia-Pacific is anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027. Factors such as the constant rise in prevalence of diabetes and obesity cases among people, along with the growing number of surgeries in wound care centers would create lucrative growth prospects for the Wound Care Centers market across the Asia-Pacific region.
Major market player included in this report are:
Hologic, Inc.
WoundTech
Oxyheal
Wound Care Advantage
RestorixHealth
Systagenix Wound Management
Molnlycke Health Care AB
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Hospitals
Clinics
By Procedure:
Debridement
Negative pressure wound therapy
Compression therapy
Hyperbaric oxygen therapy
Specialized dressings
Infection control
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2017, 2018
Base year - 2019
Forecast period - 2020 to 2027
Target Audience of the Global Wound Care Centers Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors