Wound Debridement Products Market to Attain Global Valuation of US$ 700 Mn by 2024
The global wound debridement products market is forecasted to witness substantial growth during the forecast period (2016 to 2024), according to a new market study by XploreMR. The growth of the market is attributed to factors such as rising incidence of hard and heal wounds, growing geriatric, rising prevalence of chronic diseases, increasing adoption of debridement products and techniques, and expanding patient pool. Furthermore, high demand across the world for effective healthcare and the introduction of favorable reimbursement policies are enabling patients to seek better healthcare treatments, thereby impelling the revenue of the wound debridement products market.
Likewise, increased spending by governments on improving healthcare expenditure and cost-effectiveness of debridement products will continue to complement the growth of the market in the forthcoming years. Backed by the aforementioned factors, the global wound debridement products market will progress on a positive growth trajectory at a CAGR of 6.7% and attain a market valuation of US$ 700 Mn by the end of the assessment period.
Increased Prevalence of Diabetes Strengthens Adoption
In the recent past, the prevalence of diabetes has witnessed a remarkable uptick, thus bestowing a revenue opportunity to the wound debridement products as diabetics are prone to injuries. For instance, the World Health Organization (WHO), estimated that more than 422 million across the world are suffering from diabetes. The wide base of diabetics will continue to drive the demand for wound debridements owing to the increased incidence of chronic wounds, such as foot ulcers.
Along similar lines, a burgeoning number of surgical procedures coupled with an increased focus on improving treatment methodologies are also fuelling the demand for wound debridement products. Besides, the huge burden of diseases in emerging economies is equally complementing the growth of the market.
Hospitals Remain at Focal Point of Growth
End-use segments such as orthopedic hospitals, cardiac hospitals, and multi-specialty hospitals are forecasted to bestow lucrative revenue opportunities to the market players in the years to come. As the adoption of wound debridement products increases across hospitals and home care facilities, the market is projected to highly benefit from the uptake.
Among the end-use segments, the hospital segment is forecasted to contribute for majority of revenue share, accounting for more than 47% of global market share, which represents a value of nearly US$ 300 Mn. Moreover, the hospital segment will grow in terms of valuation at a CAGR of 8.3%. On this premise, market players are focusing on catering to the growing demand in hospitals. Along similar lines, ambulatory surgical centers and specialized clinics segments are also anticipated to expand in value at a healthy growth during the assessment period.
North America Reigns Supremacy over Regional Landscape
On the regional front, North America is projected to maintain hegemony owing to the presence of advanced healthcare infrastructure in the region. Growing at a healthy value CAGR, North America is forecasted to account for nearly 30% of share in global value, backed by a rise in the incidence of diabetes cases, increasing healthcare spending, and growing aging population in this region. On the other hand, Asia is exhibiting healthy growth potential owing to increasing demand for better healthcare facilities, adoption of advanced wound debridement products, developing healthcare infrastructure, and increasing patient population in the region.
Competitive Landscape of Wound Debridement Products Market
Some of the key players studied in the resort include Advanced Medical Solutions Group plc, Coloplast A/S, ArthroCare Corporation, and Misonix, Inc. In addition, some other companies operating in the global wound debridement products market are Derma Sciences, Inc., MediWound Ltd, PuriCore plc, and Smith & Nephew Plc
A recent study by XploreMR on the global market offers a 10-year forecast from 2021 to 2031. The study analyzes crucial trends that are currently determining market growth. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders and emerging players associated with Wound Debridement Products Market. The study also provides the dynamics that are responsible for influencing the future status of the market over the forecast period.
A detailed assessment of the value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the Wound Debridement Products Market, along with their product portfolios, enhances the reliability of this comprehensive research study.
The study offers comprehensive analysis on diverse features, including demand, product development, revenue generation, and sales of Wound Debridement Products across the globe.
A comprehensive estimate on the market has been provided through an optimistic as well as a conservative scenario, taking into account sales during the forecast period. Price point comparison by region with global average price is also considered in the study.
XploreMR’s research study assesses the Global Wound Debridement Products Market in terms of end users, applications, product types and region. This report presents extensive market dynamics and trends associated with different segments of the market, and their influence on the growth prospects of the market.
Key Questions Answered in Report
- Which are the most lucrative markets for Wound Debridement Products?
- Which factors will impact demand for Wound Debridement Products?
- How will changing trends impact the strategies of market players?
- How can market players capture the low-hanging opportunities across regions?
- Which companies are leading the Wound Debridement Products market?
- What are the winning strategies of stakeholders in the Wound Debridement Products landscape?
Inspected Assessment on Regional Segments
Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the market during the forecast period.
Country-specific valuation on demand for Wound Debridement Products has been offered for each regional market, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Detailed breakup in terms of value for emerging countries has also been included in the report.
In XploreMR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the Wound Debridement Products market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the drawn conclusions.
Secondary resources referred to by analysts during the preparation of the market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of the research report as a primary resource.
Wound Debridement Products Market: Hospitals Segment Anticipated to be the Most Attractive End User Segment: Global Industry Analysis and Opportunity Assessment, 2016-2024Buy Now
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