North America Advance Wound Care Market is Estimated to Grow at a CAGR of 6.9% from 2015 to 2020

Press Release   •   Dec 07, 2015 17:19 EST

The report “North America Advance Wound Care Market by Type (Dressings, Active Wound Care, Therapy Devices), by Application (Surgical Wounds, Ulcer) and by End-User (In-Patient Facility, and Out-Patient Facility) -Analysis & Forecast to 2020”, defines and segments the Advance Wound Care Market with analysis and forecasting of global revenue. It also identifies the driving and restraining factors of the market with analysis of trends, opportunities, and challenges.

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The North America Advance Wound Care Market is estimated to grow at a CAGR of 6.9% from 2015 to 2020. U.S. accounted for the largest share of the North American advance wound care market, and is expected to grow at the CAGR of 6.8% during the forecast period of 2015-2020.

New product

  • launches and partnerships,
  • agreements,
  • collaborations, and joint ventures

are the major strategies adopted by most market players to achieve growth in the North America advance wound care market.

In this report, the North America advance wound care market has been broadly classified on the basis of types, applications, end-users, and geography. On the basis of types, the market is divided into; dressings, active wound care, and therapy devices. These types are further sub-segmented and studied in detail.

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The therapy device market includes negative pressure wound care therapy (NPWT) devices and other therapy devices, such as pressure relief devices, electrical stimulation devices, oxygen and hyperbaric oxygen devices, ultraviolet devices, whirlpool therapy devices, electromagnetic therapy devices, and ultrasound devices. These devices are used to assist the healing process, especially in acute and chronic wounds.

Active wound care is the fastest growing segment which is estimated to grow at the highest CAGR from 2015 to 2020. Active wound care products are administered to either contribute to the healing process or heal wounds themselves through their bioactive content or other materials that facilitate the body’s ability to heal.

The North America advance wound care market is a competitive market with a number of market players. As of 2014, the North America advance wound care market is majorly dominated by Smith and Nephew, PLC (U.K.), Molyncke Health Care (Sweden), and ConvaTec, Inc. (U.S.).

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