Asia Pacific Wound Care Market is Estimated to Register Remarkable CAGR Over the Forecast Period 2019 to 2029

  • 15 Aug 2019

Asia Pacific Wound Care Market is projected to witness noteworthy growth and register a high CAGR value over the forecast period. The major driving factors of the market are a soaring rise in the prevalence of chronic diseases like diabetes and high costs required for treating chronic wounds who take a considerable time to heal if not treated properly. Additionally, favourable repayment schemes and an increase in healthcare expenditure are factors boosting the market growth.

Furthermore, growing inclination towards therapy enhancing products is stimulating market growth.

Moreover, wound care might potentially have applications in stem cell therapy which can open up new opportunities for the market to thrive. Furthermore, active wound care products are gaining popularity and this can cater to profitable opportunities thus assisting in the proliferation of the market.  

Nonetheless, wound care products are expensive and there is also a lack of awareness amongst people from underdeveloped countries like Bhutan and Afghanistan which can significantly hamper the market growth. Moreover, an increasing number of acquisitions of small players by tier 1 companies can weaken the survival rate of new entrants thus posing a challenge on the market expansion.

 

Asia Pacific Wound Care Market Segmentation:

By Product

·     Dressings

o  Foam Dressings

o  Hydrocolloid Dressings

o  Film Dressings

o  Alginate Dressings

o  Hydrogel Dressings

o  Collagen Dressings

o  Other Dressings

 

·     Wound Therapy Devices

o  Pressure Relief Devices

o  Negative Pressure Wound Therapy (NPWT) Systems

- Conventional NPWT Systems

- Disposable NPTW Systems

o  Oxygen and Hyperbaric Oxygen Equipment

o  Electrical Stimulation Devices

o  Other Therapy Devices

 

·     Active Products

o  Artificial Skin and Skin Substitutes

o  Topical Agents

 

·     Surgical Products

o  Sutures and Staples

o  Tissue Adhesives, Sealants and Glues

- Fibrin-based Sealants

- Collagen-based Sealants

- Synthetic Adhesives/Glues

 

o  Anti-Infective Dressings

·     Traditional Products

 

o  Medical Tapes

o  Dressings

o  Cleansing Agents

 

By Wound Type

·     Chronic Wounds

o  Diabetic Foot Ulcers (DFUS)

o  Pressure Ulcers

o  Venous Leg Ulcers

o  Other Chronic Wounds

 

·     Acute Wounds

o  Surgical & Traumatic Wounds

o  Burns

 

By End User

·     Hospitals & Speciality Clinics

o  Inpatient Settings

o  Outpatient Settings

 

·     Long-term Care Facilities

·     Home Healthcare

 

By Region

·     China

·     Japan

·     Korea

·     India

·     Singapore

·     Indonesia

·     Australia

·     Rest of Asia

 

Competitive Landscape:

·     Tier 1 players- established companies in the market with a major market share 

·     Tier 2 players 

·     Emerging players which are growing rapidly 

·     New Entrants

 

FutureWise Key Takeaways:

•   Growth prospects

•   SWOT analysis

•   Key trends

•   Key data-points affecting market growth

 

Objectives of the Study:

·     To provide with an exhaustive analysis on the Asia Pacific wound care market by product, by wound type, by end user and by region

·     To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)

·     To evaluate and forecast micro-markets and the overall market

·     To predict the market size, in key countries— China, Japan, Korea, India, Singapore, Indonesia, Australia and rest of Asia

·     To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions

 

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