Global Advanced Wound Care Products Market Research Report 2021

According to the new market research report by MarketsandMarkets, the global medical tapes and bandages market is projected to reach USD 7.39 Billion by 2022 from USD 6.13 Billion in 2017, at a CAGR of 3.8%.Rising awareness about advanced Wound Care is expected to hinder the growth of the medical tapes market.

Advanced wound accelerates the healing process for many chronic wounds by providing and promoting a moist environment.As basic/traditional wound care products take a large amount of time to heal wounds and are less effective for certain types of wounds, Advanced Wound Care products are being used as first-line therapy wherever Infection Control and healing speed are major concerns.Considering their effectiveness, coupled with the limitations of basic/traditional wound dressings, advanced and active wound care products are seen as a prominent restraint for the market.Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=108350122Factors such as rising number of surgeries, increasing incidence of chronic wounds, and rising geriatric population are driving the growth of the market.The medical bandages segment is expected to witness the highest growth during the forecast periodBy product type, the market is categorized into medical tapes and bandages.

In 2017, the medical bandages segment is expected to account for the largest share.

And it is also expected to continue dominating the market during the forecast period.

This can be attributed to the rising geriatric population and the high number of surgical procedures.

People who have diabetes are more susceptible to chronic wounds that require continuous care, which also drives the growth of medical bandages market.The surgical treatment segment is expected to dominate the market in 2017By application, the market is segmented into surgical treatment; traumatic and laceration injury treatment; sport and burn injury treatment; ulcer treatment; and treatment of other injuries and wounds.

The said figure will be almost the double of the market value of USD 15,456.2 Mn it achieved in 2016, in addition to growing at a lucrative CAGR during the forecast period (2016-2027).As per the World Health Organization (WHO), in the year 2014, 9% of the world’s deaths were caused by injuries.

Hence, wound care has been established as an integral part of surgical recovery or disease management and is an expanding medical specialty.The wound care market continuously experiences various technological advancements that are emerging as a standard solution for treating acute and chronic wounds.

Furthermore, the treatment in advanced wound care includes intervention therapies along with the use of products like antimicrobial dressings, foam dressings, collagen products, gauze, hydrogels, hydrocolloids, alginate dressings, and film dressings.However, high cost of the advanced wound care products could slow down the ongoing growth of the market over the next few years.

Among these, the advanced wound management products segment will be noting a high surge in terms of global demand as it ensures faster healing, mitigating the possibility of infection.

Furthermore, the active wound care products segment and wound care products segment are predicted to grab a comparatively smaller share of the market over the projected timeframe.The types of wound care in the market include chronic wound and acute wound.

The segment will be most likely retaining the substantial share it has amassed, over the next few years.Application-dependent segments in the global wound care market are surgical wound, ulcer, burn, trauma wounds, and others.