Wound Care Biologics Market Worth 2.26 Billion USD by 2023

Friday, June 1, 2018 Research News
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PUNE, India, June 1, 2018 /PRNewswire/ --

According to a new market research report "Wound Care Biologics Market by Product (Biological Skin Substitutes (Biosynthetic Products), Topical Agents), Wound Type (Diabetic Foot Ulcer, Pressure Ulcers, Surgical & Traumatic Wound), End User (Hospitals, Burn Centers) - Global Forecast to 2023"

, published by MarketsandMarkets™, the market is expected to reach USD 2.26 Billion by 2023 from USD 1.42 Billion in 2018, at a CAGR of 9.8%.

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Browse 87 market data Tables and 32 Figures spread through 123 Pages and in-depth TOC on "Wound Care Biologics Market"

https://www.marketsandmarkets.com/Market-Reports/wound-care-biologic-market-259878425.html

Early buyers will receive 10% customization on this report

Market growth is mainly driven by factors such as the increasing incidence of diabetic foot ulcers, increasing geriatric population, and increasing burn injuries globally.

The biological skin substitutes segment is estimated to account for the largest share of the Wound Care Biologics Market in 2018. 

On the basis of product, the Wound Care Biologics Market is bifurcated into biological skin substitutes and topical agents. In 2018, the biological skin substitutes segment is expected to account for the largest share of the Wound Care Biologics Market. The large share of this segment can be attributed to the rising incidence of diabetes and the subsequent growth in the demand for chronic wound care products across the globe.

Ulcers are anticipated to account for the largest share of the Wound Care Biologics Market in 2018. 

The three major categories of wounds included in this market are ulcers (including pressure, diabetic foot, venous, and other ulcers), surgical & traumatic wounds, and burns. The ulcers segment is expected to dominate the Wound Care Biologics Market in 2018. This segment is also expected to grow at the highest CAGR during the forecast period. Market growth is largely driven by the significantly higher prevalence of diabetic foot ulcers and venous leg ulcers as compared to surgical & traumatic wounds and burns.

The hospitals segment is estimated to grow at the highest CAGR during the forecast period. 

Based on end user, the Wound Care Biologics Market is segmented into hospitals, ambulatory surgical centers, and burn centers & wound clinics. The hospitals segment is expected to grow at the highest CAGR during the forecast period. The high and rising need for wound care services among the rapidly growing geriatric population worldwide is one of the major factors responsible for the growing demand for wound care biologics in hospitals.

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North America is expected to command the largest share of the market in 2018. 

In this report, the Wound Care Biologics Market is segmented into North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW). In 2018, North America is expected to account for the largest share the global Wound Care Biologics Market. The large share of the North American market can primarily be attributed to the high prevalence of venous leg ulcers and diabetic foot ulcers and the strong presence of major market players in this region.

Key players in the Wound Care Biologics Market include Smith & Nephew (UK), Mölnlycke Health Care AB (Sweden), Integra LifeSciences Corporation (US), Wright Medical (US), MiMedx Group (US), Vericel Corporation (US), Anika Therapeutics (US), Osiris Therapeutics (US), Organogenesis (US), Kerecis (Iceland), Solsys Medical (US), ACell (US), Lavior Inc. (US), and Marine Polymer Technologies, Inc. (US).

Know more about the Wound Care Biologics Market: 

https://www.marketsandmarkets.com/Market-Reports/wound-care-biologic-market-259878425.html

About MarketsandMarkets™  

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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SOURCE MarketsandMarkets



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