Germany Advanced Wound Care Market Estimated $847.32 Million Growth By 2027


Posted July 23, 2021 by kalyani09

Data Bridge Market Research analyses that the market is growing with the CAGR of 5.5% in the forecast period of 2020 to 2027 and is expected to reach USD 847.32 million by 2027 from USD 555.18 million in 2019.

 
Advanced wound care market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with the CAGR of 5.5% in the forecast period of 2020 to 2027 and is expected to reach USD 847.32 million by 2027 from USD 555.18 million in 2019. Increasing cases of chronic disease and chronic wound is driving the market growth.
Germany Advanced Wound Care Market By Product Type (Dressing, Therapy Devices, Biologics, Others), Wound Type (Primary Wound Care, Secondary Wound Care, Tertiary Wound Care), End User (Hospitals, Wound Care Centers, Ambulatory Centers, Home Healthcare, Clinics, Others), Distribution Channel (Direct Tenders, Retail) Industry Trends & Forecast to 2027
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The major players covered in the report are Smith & Nephew, Mölnlycke Health Care AB, 3M, Organogenesis Inc., Coloplast Group, ConvaTec Group PLC, Integra LifeSciences Corporation, Johnson & Johnson Services, Inc., MEDTRONIC, B. Braun Melsungen AG, PAUL HARTMANN Limited, Cardinal Health, Advanced Medical Solutions Group plc, Medline Industries, Inc., Hollister Incorporated, Zimmer Biomet, AVERY DENNISON CORPORATION, and Baxter among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Advanced Wound Care Market Scenario
According to Data Bridge Market Research, the market for advanced wound care in Germany has the highest market share. Market leader is Smith & Nephew which accounts an estimated market share of approximately 20% to 25%. The company has gained outstanding sale through providing advanced wound care products.
In June 2019, Smith & Nephew introduced PICO 14 Single Use Negative Pressure Wound Therapy System (sNPWT) which has pump duration for 2 weeks and used for deep wounds with 7 centimeters deepness. This reduces the requirement for fillers as well as decreases the frequency of dressing as compared with traditional system. This will help to increase its product portfolio with respect to clinical needs range and revenue of a company.
Advanced Wound Care Market Development
In July 2019, Advanced Medical Solutions Group plc received FDA approval for silver high performance dressing and silicone PHMB foam dressing from the U.S. FDA (Food and Drug Administration). This will help to easily launch the products in the market and distributes it in the specific regions. These two innovative products help to strengthen the company’s advanced wound care portfolio as well as support end consumers and even wound care partners.
Scope of the Advanced Wound Care Market
All country based analysis of advanced wound care market is further analyzed based on further segmentation. On the basis of product type, Germany advanced wound care market is classified into dressing, therapy devices, biologics, & others. On the basis of wound type, Germany advanced wound care market is classified into primary wound care, secondary wound care & tertiary wound care. On the basis of end user, Germany advanced wound care market is classified into hospitals, wound care centers, ambulatory centers, home healthcare, clinics and others. On the basis of distribution channel, Germany advanced wound care market is classified into direct tenders and retail.
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Key questions answered in this market report
1. What was the market size in 2019?
2. How is the current market status?
3. How will be the market status in the forecast period?
4. What are the moves or actions of key players?
5. Which region is at the top level in the market globally?
6. How the competitive analysis of the market is included?
7. What are the drivers and restraints for the Advanced Wound Care market?
8. How will the market stand in the forecast period of 2021-2028?
9. What will the market size be in 2021 and what will be the growth rate?
10. What are the key market trends?
11. What is driving this market?
12. What are the challenges for market growth?
13. Who are the key vendors in the market space?
14. What are the market opportunities and market threats faced by the top vendors?
15. What are the new developments in the market?
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Issued By Data Bridge Market Research
Country Anguilla
Categories Industry , Medical , News
Last Updated July 23, 2021