Report ID: UCMIG35D2043
Report ID:
UCMIG35D2043 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The market for active wound care was estimated to be worth USD 1,077.9 million in 2021, and from 2022 to 2030, it is anticipated to increase at a CAGR of 4.7%. Technology improvements, an ageing population, issues with ineffective conventional wound healing techniques, government initiatives, and the urgent need for quicker and safer chronic wound therapy are the main market drivers. Additionally, it is anticipated that the market would expand in the next years due to the increased incidence of a number of lifestyle disorders that result in chronic wounds, including diabetic foot ulcer, venous leg ulcer, and pressure ulcer.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Health Care Services by segment aggregation, the contribution of the Health Care Services in Health Care Equipment & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG35D2043