Increasing diabetic prevalence and advancements in new technology in Asian advance wound care are the drivers propelling the growth of this market. Asia comprises of the following countries Japan, China, India, Republic of Korea and Rest of Asia. Japan commands the largest share in the market.
Browse through the TOC of the Asian Advance Wound Care Market report to get an idea of the in-depth analysis provided. It also provides a glimpse of the segmentation of this market, and is supported by various tables and figures.
The most important factor driving the growth of Asian advance wound care market is the rising incidence of diabetes and other form of ulcers due to the modernization of lifestyle. According to WHO, in 2013, Asia recorded 71.4 million people, who suffered from diabetes. From the total number of people recorded in Asia, 61.3 million were from India and the diabetes prevalence rate is increasing every year.
Diabetic foot ulcer is a major complication of diabetes. As the wound healing process is slower in diabetic people, advanced wound care products are required for treatment. Wound care products such as artificial skin and skin substitutes, alginates, foam dressings, and negative pressure therapy devices are used widely for the treatment of non-healing diabetic foot ulcers.
Also, research studies state that the South Asian countries are more susceptible to type-2 diabetes due to high fat burning rate within the region. However, the growth of the market is restricted due to low healthcare expenditure and unawareness about these products.
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Advanced Securement Dressing, a suture less securement system provides advanced adhesion while ensuring patient comfort as compared to traditional securement devices. Development of various new products is a major reason for the growth of this market. Companies are currently investing heavily in R&D to develop new and advanced products so as to fulfill the needs of patients. For instance, in May 2013, 3M Healthcare (U.S.) launched 3M PICC/CVC Securement device and Tegaderm I.V.
Asian advance wound care market is growing at a CAGR of 3.8% during the forecast period, 2014-2019.
In-depth profiling of the key players have been conducted along with the recent developments (new product launches and partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their position in the Asian advance wound care market. Smith and Nephew, Plc., Molyncke Health Care, ConvaTec, Inc., Laboratories Urgo, Coloplast Group, Systagenix, Medline Industries, Inc., Organogenesis, Inc., Shire, Plc. MiMedx Group, Inc., Integra Life Sciences Corporation and others are some of the key players engaged in this market.
Related Reports :
European Wound Management Market
The European Wound management market in Europe was pegged at $4,403 million in 2013 and expected to be $6,343 million by 2018, growing at a CAGR of 7.6%. The report “European Wound care Market forecast, 2012-2018, analyzes the market of Wound care by 4 segments such as traditional, active, advanced, and therapy wound care market. The main companies operating in Wound care market and extensively covered in this report are Kinetic Concepts, Inc. Smith & Nephew plc, 3M healthcare, ConvaTec, Inc., Coloplast and Molnlycke Healthcare.
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