Global wound care biologics market is expected to reach USD 4.21 Billion by 2025, at a CAGR of 10.28% from 2018 to 2025. Rising occurrences of burn injuries, speedy growth in the senior population, and increasing incidence of ulcers and target conditions, modernization in wound care treatments, and government interest in promoting awareness regarding the wound care treatment and management are the major trends for the demand of the market.
Wound care biologics are bioengineered items utilized for non-mending wounds of the lower extremity. Interest for wound care biologic product is relied upon significantly increasing number of diabetic ulcer patients to prevent extreme complications such as contamination, hospitalization, and amputation of wounds. For instance, in 2018, Lumicell, Inc. launched perfusion division that includes wound care, infection and perfusion. Wound care biologics are replacing the old traditional methods of wound care due to its efficiency and faster managing of wounds by using various biological skin substitutes and topical agents. The wound care biologics is less costly compared to surgical costs taken by hospitals which is the major leading factor of the adoption of wound care biologics.
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- The base year for the study has been considered 2017, historic year 2015 and 2016 and, the forecast period considered is from 2018 to 2025. The wound care biologics market is analysed on the basis of value (USD Million).
- The report provides the technological roadmap in order to understand the present and future scenario of the market.
- The study delivers a comprehensive analysis of global wound care biologics market by product, wound type, end user, and regions.
- The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2018 to 2025.
- Porter’s Five Forces model is used in order to recognize the competitive scenario in the global wound care biologics market. This report incorporates the industry analysis which is focused on providing an extensive view of the wound care biologics market.
- The study also includes attractiveness analysis of product, wound type, end user, and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
- The report provides company profile of the key players operating in the wound care biologics market and a comparative analysis based on their business overviews, product offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
- The market estimates have been evaluated by considering the effect of different political, economic, social, technological and legal factors which are based on our extensive secondary research, primary research, and in-house databases.
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Regional Segmentation Analysis:
The market is analysed on the basis of five regions namely North America, Europe, Asia Pacific, South America, and Middle East and Africa. North America held the largest market share of approximately 30% in 2017. The presence of major players, high prevalence of ulcers wound people, and the technological advancements were some of the factors that led to the growth of wound care biologics market in this region.
The major players for wound care biologics market include Mölnlycke Health Care AB, Solsys Medical, Lavior Inc., Marine Polymer Technologies, Integra LifeSciences Corporation, Wright Medical, Smith & Nephew, MiMedx Group, Vericel Corporation, Organogenesis, Kerecis, Anika Therapeutics, ACell, and among others.
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