The global wound care product market is anticipated to grow at a considerable CAGR of around 5.6% during the forecast period (2022-2028). Key companies operating in the industry are highly inclined towards the adoption of different growth strategies including capacity expansion, partnerships, mergers and acquisitions, geographical expansions, and product innovations to remain competitive in the market and this is the key factors driving the market growth. For instance, in June 2021, Curam, NUI Galway's SFI Research Centre for Medical Devices, announced a new research collaboration with B.Braun. The collaboration enabled company to develop cannabis medication delivery system for more effective wound pain treatment and rapid wound healing, as well as the creation of a wound odor management device.
Browse the full report of " Global Wound Care Product Market Size, Share & Trends Analysis Report by Type (Chronic Wound and Acute Wound) and by Product (Wound Dressings and Wound Therapy Devices) Forecast Period 2022-2028." at https://www.omrglobal.com/industry-reports/wound-care-products-market
Moreover, in May 2021, Healogics, a wound care company received a $240 million equity investment. A group of investors, led by Clayton Dubilier &Rice, Partners Group, and Northwestern Mutual invested $75 million of common equity and Marathon Asset Management invested over $165 million in new preferred stock. Through this investment, Healogics is expected to accelerate its investment in the company’s patient-centric wound care center to achieve its long-term target. However, new product launches are enabling the market players to stay competitive in the market. for instance, in September 2019, Smith & Nephew launched the new PICO 7Y single-use negative pressure wound therapy (NPWT) system with airlock technology. Further, as per the data published by Smith & Nephew, this technology reduce surgical site infections by 58%, at the same time by shortening the length of hospital stay.
Market Coverage
Segment Covered-
o By Type
o By Product
Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
Competitive Landscape- 3M Co., ConvaTec Group PLC, B-Braun Melsungan AG, Baxter International Inc, Johnson &Johnson Services Inc and more .
Key questions addressed by the report
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
Global Wound Care Product Market Report Segment
By Type
By Product
Global Wound Care Product Market Report Segment by Region
North America
Europe
Asia-Pacific
Rest of the World