Medical Health & Life Science Research News

Global advanced wound care market worth $17 billion by 2022 available in new report

Medical Market Research

Globally, North America accounted for the largest share in 2015 and is expected to maintain its dominance throughout the forecast period.

Acumen Research and Consulting, a global provider of market research studies, in a recently published report titled “Advanced Wound Care Market (Type: Advanced Wound Dressing, Advanced Wound Therapy Devices, Active Wound Care Products; Application: Surgical and Chronic Wounds, Ulcers, Burns; End-user: Inpatient Facilities, Outpatient Facilities) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2012-2022”, forecasts that the global advanced wound care market is anticipated to grow at a CAGR of around 7% from 2016 to 2022 and reach the market value of over $17 billion by 2022. 

Rising geriatric population in the region, increasing incidences of chronic wounds, and number of road accidents are creating the need for advanced wound care in North America. Asia-Pacific is expected to register fastest growth, at a CAGR of 7.4% during the forecast period from 2016 to 2022.