Advanced Wound Care Industry Worth $17.7 billion by 2027

The report "Advanced Wound Care Market by Product (Dressings (Foam, Hydrocolloid, Film, Alginate), NPWT, Debridement Devices, Grafts, Matrices, Topical Agents), Wound Type (Surgical, Traumatic, Ulcers, Burns), End User (Hospital, Homecare) - Global Forecast to 2027", is valued at an estimated USD 11.3 billion in 2022 and is projected to reach USD 17.7 billion by 2027, at a CAGR of 9.4% during the forecast period.

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• 221? ? ?Market Data Tables
• 38? ? ? ?Figures
• 270? ? ?Pages and in-depth TOC on?" Advanced Wound Care Market - Global Forecast to 2027”

Some of the prominent key players are:

• 3M Company (US),
• Smith & Nephew (UK),
• ConvaTec Inc. (UK),
• Coloplast A/S (Denmark),
• M?lnlycke Health Care AB (Sweden),
• Integra LifeSciences (US), and many more......

Mergers & acquisitions, investments & expansions, partnerships & collaborations, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the Advanced Wound Care Market.

• The advanced wound care market is segregated into dressings, devices & accessories, grafts & matrices, and topical agents according to product. The dressings segment held the largest share of the advanced wound care market in 2021.
• Based on end users, the advanced wound care market is segmented into hospitals, ASCs, and wound care centers; home care settings; and other end users. In 2021, the hospitals, ASCs, and wound care centers segment accounted for the largest share of the advanced wound care market.
• The global advanced wound care market has been segmented into five major regions—North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. In 2021, North America accounted for the largest share of the advanced wound care market.

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Growth in this market is mainly driven by factors such as the rising prevalence of diseases & conditions that impair wound healing capabilities, rising costs associated with chronic wounds, and technological improvements. However, the high price tag and risks associated with the use of advanced wound care products are the major factors limiting the growth of this market.