North America to Create Largest Demand for Wound Care Products due to Rising Road Accidents

 The number of surgeries being performed across the globe has been rising at a swift pace. This can be primarily attributed to the surging prevalence of lifestyle-related and chronic diseases. Chronic diseases often lead to complications that cannot be taken care of just by using medication. In such cases, the patient needs to go through a surgical procedure in order to manage the condition. It is because of the increasing number of surgeries that the demand for wound care products is growing. 

Receive Sample Copy of this Report: https://www.psmarketresearch.com/market-analysis/wound-care-market/report-sample

Wound closure, traditional, and advanced are the major types of wound care products, out of which, the demand for advanced wound care products has been the highest up till now. These products accelerate the healing process, and are especially ideal for severe wounds. Advanced wound care products further provide flexibility and comfort, thereby allowing free movement of the body. Owing to such properties, the demand for these products is expected to be the highest in the coming years as well. 

Advanced would care products are further of three types, namely active wound care products, wound therapy devices, and advanced wound dressing. Between acute and chronic wounds, the demand for wound care products is predicted to increase significantly for chronic wounds. The number of road accidents is growing rapidly, and the people involved in accidents often get badly injured, thereby driving the need for different kinds of wound care products. 

Make an Enquiry before Purchase: https://www.psmarketresearch.com/send-enquiry?enquiry-url=wound-care-market 

Other than for surgical wounds, wound care products are also used for treating ulcer and burn wounds. The largest demand for wound care products was created for treating surgical wounds in the past and the situation is likely to be the same in the coming years as well. As mentioned above, the growing volume of surgeries is driving the demand for different kinds of wound care products. Geographically, North America emerged as the major wound care market in the past. 

Hence, the increasing volume of surgeries and rising number of accidents are leading to the growth of the market. 

Read More

Largest Market Share in the Colombian Wound Care market is Expected to be Held by the State of Cundinamarca

Registering a CAGR of 3.6% during the forecast period (2019­–2024), the Colombian wound care market is predicted to reach $93.9 million by 2024, witnessing a substantial increase in its revenue from $76.1 million in 2018.

Taking the geography of the country into consideration, the largest market share in the Colombian wound care market is expected to be held by the state of Cundinamarca. This is mainly ascribed to the increasing research & development activities and rising expenditure on healthcare due to supportive government policies and initiatives. Other states, such as Bolivar, Atlántico, Valle del Cauca, Santander, and Antioquia also hold significant shares in the market on account of the surging incidence of traumatic injuries, burns, and diabetic wounds as well as rising geriatric population.

To Learn More About this report at: http://bit.ly/2Y1sfSv

The Colombian wound care market is witnessing growth due to the rising focus on healthcare services. The wound care facilities in Colombia are witnessing a surge in demand as both the public and private organizations are increasing healthcare coverage. An article published in the Health and Human rights journal in 2016, mentioned that in the country, the healthcare coverage witnessed a remarkable increase during 1991–2016; starting from 25% population in 1992, the health cover facilities were available to 96% population in 2016. This is indicative of the rising focus of the government on providing excellent healthcare facilities and means to the residents of the country.

Stem cell therapy in wound management is becoming the trend in the Colombian wound care market. Extensive research on stem cells has established their remarkable regenerative abilities, which may help in speeding up the wound healing process. A biotechnology company, BioXcellerato LLC, has its treatment center in Colombia by the name of Torre Medica El Tesoro that provides stem cell treatment for various cosmetic and other conditions. Further, it is involved in stem cell therapy and regenerative medicine research for finding prospective treatments for wound and other skin disorders.

Some of the major players in the Colombian wound care market are Paul Hartmann AG, Acelity L.P. Inc, Smith & Nephew plc, Coloplast A/S, BSN medical GmbH, B. Braun Melsungen AG, 3M Company, Mölnlycke Health Care AB, and ConvaTec Group plc.

Read More

Wound Care Market in Colombia to Witness the Highest Growth in Coming Years

The wound care market in Colombia was valued at $76.1 million in 2018, which is projected to reach $93.9 million by 2024.

Based on type, the advanced category held the largest market share in 2018, and is also expected to witness the fastest growth during the forecast period. The market growth is mainly driven by rising incidence of diabetes, traumatic injuries, and chronic wounds; and surge in geriatric population.

To Learn More About This Report: http://bit.ly/2pbVSTP

With the growth in healthcare coverage provided by public and private organizations, there has been a rise in demand for wound care facilities in Colombia. According to an article published in the Health and Human Rights journal in 2016, the growth in healthcare coverage in Colombia was remarkable during 1991–2016, with an increase from 25% of the population covered in 1992 to approximately 96% in 2016. This rapid increase in healthcare coverage represents a key dimension of the right to health, a matter of basic rights for the majority of citizens in the country. This boosts the growth of the wound care market in Colombia.

Bogota is the largest and fastest growing market in the Colombian wound care market, on the basis of city. This can be ascribed to the presence of wound care specialty hospitals and increasing prevalence of diabetes mellitus in the city.

ConvaTec Group PLC, Mölnlycke Health Care AB, 3M Company, B. Braun Melsungen AG, BSN medical GmbH, Coloplast A/S, Smith & Nephew plc, Acelity L.P. Inc, and Paul Hartmann AG are some of the major players operating in the Colombian wound care industry. Some other players operating in the market are Hollister Incorporated, Techoquimicas SA, and Beiersdorf AG.

Read More

What are the Various Uses of Wound Care Products?

In 2014, approximately 15,775 fire-related injuries were reported in the U.S., as per the National Fire Protection Association (NFPA). Furthermore, the World Health Organization (WHO), in its 2014 publication, stated that around 1 million people in India suffer from moderate to severe burns yearly. This high and rising number of burn cases is driving the demand for various products to treat the resulting wounds. Burns caused by chemicals, radiation, heat, electricity, and friction lead to severe loss of tissue, blood vessels, and skin. Treating these wounds properly is mandatory, and this is done by the use of wound care products.

Wound care products comprise advanced wound care products (AWP), wound closure products (WCP), and traditional wound care products (TWP). These products accelerate the wound healing process by providing thermal insulation, absorbing exudates, allowing gaseous exchange, and preventing the entry of infectious agents. They are used to treat chronic wounds, ulcers, and surgical wounds. In 2015, the global wound care market attained a size of $24,482.9 million, and it is predicted to witness a CAGR of 6.7% in the near future. Among different products, AWPs  are used the most and will continue to be popular in the coming years. AWPs are further divided into advanced wound dressings (AWD), wound therapy devices (WTD), and active wound care products (AWC). The requirement for these products is growing rapidly because they help speed up the wound healing process by regulating the temperature, oxygen flow, and moisture around the injured skin and tissue.

To Learn More About This Report: http://bit.ly/2mQlftj

A large number of surgical wounds are treated using different wound care products, and since the volume of surgeries worldwide is increasing rapidly, the requirement for products to treat the wounds is also surging. Some of the reasons for this rise in the volume of surgeries are the growing prevalence of chronic diseases (such as cancer, heart diseases, respiratory diseases, and stroke) and growing inclination of people on aesthetics. According to the Centers for Disease Control and Prevention (CDC), in 2012, about 117 million people in the U.S. were suffering from at least one chronic health condition. In addition to this, the American Society of Plastic Surgeons stated that in 2012, around 14.6 million cosmetic surgeries were carried out in the U.S. These procedures are performed by making incisions on the body, thereby leading to wound formation. Wound care products then are used for cleaning and treating the areas of the body affected during surgical procedures.

Since there has been a mention of chronic diseases, it is important to point out that the geriatric population is more susceptible to them. Due to old age, their body functions are weakened, which results in a longer period for a wound to heal in comparison to younger adults. The growing aged population thus is leading to an increasing demand for wound care products. The United Nations Department of Economic and Social Affairs (UNDESA)’s report on the global aging population stated that the worldwide share of people aged 60 years or above was 11.7% in 2013, and it is predicted to reach 21.1% by the end of 2050. So, as their numbers, so will the total cases of wounds, and in turn, the demand for products to treat them.

Read More