NEW YORK--(BUSINESS WIRE)--Netscribes, Inc., a global market intelligence firm, released the Global Wound Care Market report today. According to Netscribes, the Global Wound Care Market is expected to grow at a compound annual growth rate (CAGR) of around 5.9% and expected to be worth $21.79 billion by 2022.
Factors such as rise in disposable income, increasing access of better healthcare, advancements in technology and increasing awareness have contributed to the growth of the global advanced wound dressing market. Netscribes observed the practice of home health care trending in emerging markets like Asia-Pacific and Latin America.
Although the global wound care market is expected to grow progressively, there is a lack of expert healthcare professionals who can adopt new advanced technologies. Additionally, the average price for wound care products is quite high, which can hamper growth in price-sensitive markets.
Other key highlights from the report are as follows:
- North America is the market leader in global wound care product market. Asia-Pacific region is the fastest-growing region.
- Surgical wound care products is the largest segment within the wound care product market, while the advanced wound care products is the fastest-growing segment.
- Chronic wound care is the largest and the fastest-growing segment due to the rising prevalence of diabetes.
For more information, download the Netscribes Global Wound Care Product Market Report.
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Netscribes is a global market intelligence and content services provider that helps corporations achieve strategic objectives through a wide range of offerings. Our solutions rely on a unique combination of qualitative and quantitative primary research, secondary/desk research, social media analytics, and scientific research. For more than 15 years, we have helped our clients across a range of industries, including technology, financial services, healthcare, retail, and CPG. Fortune 500 companies, as well as small- to mid-size firms, have benefited from our partnership with relevant market and competitive insights to drive higher growth, faster customer acquisition, and a sustainable edge in their business.
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