The global advanced wound care market accounted to US$ 8,181.9 Mn in 2017 and is expected to grow at a CAGR of 4.5% during the forecast period 2018 – 2025, to account to US$ 11,564.6 Mn by 2025.
Asia Pacific is the fastest geographic market and it is expected to be the fastest revenue contributor throughout the forecast period. Asia Pacific market is driven by the factors such as to huge patient population, increases in the number of surgical procedures and rising number of wound care admit to hospitals and ambulatory care centers.
The major players operating in the market of Advanced Wound Care market include Microport Scientific Corporation, Medtronic PLC, Biosensors International Group, Ltd., Abbott Laboratories, Vascular Concepts Limited, Biotronik SE & Co. Kg, Stentys SA, B. Braun Melsungen AG, Translumina GmbH, and Terumo Corporation.
The market for Advanced Wound Care has been witnessing a healthy growth rate during the previous years and is expected to witness similar trend in the coming years. The Advanced Wound Care market is subject to strict and mandated regulatory policies. The companies operating in the market follow stringent regulations of the manufacturing guidelines.
In addition, these manufacturing companies are focusing to invest in R&D to develop advanced products for end users such as, hospitals, ambulatory surgical centers, and the cardiac centers, among others.
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