Rising prevalence of diabetes will help the global active wound care market gain momentum, predicts Fortune Business Insights, in their recent study. The study is titled “Active Wound Care Market: Global Market Analysis, Insights, and Forecasts, 2018 – 2025.” The market, as per the study is prognosticated to exhibit a CAGR of 5.3% and be worth US$ 2039.9 Mn from US$ 1361.7 Mn within the forecast period of 2018 to 2025.
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In terms of ulcer, diabetic foot ulcer segment is expected to register high rate of growth because of the rising prevalence of diabetes worldwide. According to the National Institute of Health (NIH), foot ulcer is a common problem associated with diabetes, comprising 15% of diabetics worldwide. Healing of ulcer may get complicated if not taken proper care. This factor fuels demand in the ulcer segment, which is expected to continue dominating the global market in coming years.
some of the key players in the global Active Wound Care Market:
- Integra Life Sciences Corporation
- Organogenesis, Inc.
- Tissue Regenix
- Cytori Therapeutics Inc.
- Coloplast Corporation
- MTF Biologics
- Smith & Nephew
- Acell Inc.
- Osiris Therapeutics, Inc
- Wright Medical Group N.V
- Solsys Medical.
For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/industry-reports/active-wound-care-market-100172
Increasing Demand for Emergency Medical Aid Services to Propel Market
With the rise in geriatric population and their vulnerability to contract various diseases, especially chronic diseases, the demand for active wound care is expected to rise. Besides this, the rise in the number of road accidents and increasing demand for emergency medical aid will also help the market to gain momentum in the coming years
Furthermore, the market is expected to benefit from governments initiatives and rising investment towards the research and development (R&D) of novel healthcare solutions. Technological advancements aimed at transforming the prevailing active wound care trends will also help the market gain momentum.
However, high cost associated with active wound care treatment and medication related to may be a cause of concern, restricting growth of the market. This, coupled with, unfavorable reimbursement policies may also hamper the wound care market share in certain regions.
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