|Wound Care Centers Market Value Predicted To Reach US$ 53.5 Billion By 2027: Acumen Research And Consulting|
|By GLOBE NEWSWIRE|
|Tuesday, 04 May 2021 07:12|
LOS ANGELES, May 04, 2021 (GLOBE NEWSWIRE)
LOS ANGELES, May 04, 2021 (GLOBE NEWSWIRE) -- The Global Wound Care Centers Market is expected to grow at a CAGR of around 6.2% from 2020 to 2027 and reach the market value of over US$ 53.5 Bn by 2027.
Wound Care Centers are the healthcare facilities for the treatment of wounds that are not healing for a longer time period. The common reasons restricting the healing of wounds include surgical procedures, diabetes foot ulcers, poor blood flow, and chronic bone infection among others.
The global wound care center market is segmented on the basis of type, procedure, and geography. Based on type, the market is divided into hospitals and clinics. Based on procedure, the market is bifurcated across debridement, negative pressure wound therapy, compression therapy, hyperbaric oxygen therapy, specialized dressings, and infection control.
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By type, hospital segment is leading the market with maximum revenue share (%) and the segment is also projected to maintain its dominance throughout the forecast timeframe from 2020 to 2027. The increasing number of patient admissions in the hospitals for wound care is supporting the segmental market growth.
North America led the wound care center market with maximum revenue share (%) in the year 2019 and the region is also projected to maintain its dominance throughout the forecast period owing to its advanced healthcare infrastructure. The increasing geriatric population prone to various diseases likes diabetes, cancer, and others which restrict wound healing is further contributing to the regional market value.
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Asia Pacific is estimated to exhibit the fastest growth over the forecast period from 2020 to 2027. The major economies of the region including China and Canada are the major revenue contributors. The continuously developing healthcare infrastructure and spending power of the people in the region are bolstering the regional market growth.
Some of the leading competitors are Hologic, Mölnlycke Health Care AB, Oxyheal, RestorixHealth, Systagenix Wound Management Limited, Wound Care Advantage, Wound Care Specialists, Woundtech, and others. The major manufacturers are continuously making efforts and developing treatments for the quick healing of the patient’s wounds.
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Some of the key observations regarding the wound care centers industry include:
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