In addition, growing business strategies among the market players are likely to boost the growth of the market in the forecast period. Sundance Solutions, a global leader in providing novel solutions for the treatment of chronic diseases, had been acquired by Mölnlycke Healthcare in February 2016. As a result of this strategy, the company expects to increase its product line for the treatment of pressure ulcers, boosting its market share in the timeframe as mentioned above.
In 2020, the critical wounds segment held the largest market, representing 59.9% of the overall sales. With the rapid increase in the number of incidences of injury around the world, the surgical and traumatic acute wounds segment dominated the market and held the major revenue share in 2020. Subject to the increased prevalence of burn injuries, the burns industry is estimated to exhibit at the fastest rate over the projected timeframe. As per information provided by Swift Medical Inc. during 2018, more than 305.0 million burn and traumatic wounds are reported and treated each year around the world.
Despite a huge decline in the sales of Applications during the initial phase of pandemic spread and lockdown restrictions all over the region, the market is observed to pick up a quick pace for registering a CAGR of almost more than 3.7% during the tenure of 2021 – 2027.
The report published by Maximize encompasses the market dynamics, which could affect the market growth of Substation Maintenance in the region, the Value – Chain Analysis, and the PORTER’s analysis for the Substation Maintenance market at a global level.
The study is associated based on major segments and further into sub-segments By Product (Gauze, Tapes, Bandages, Cotton), By Application (Chronic wound and acute wound), By End-use (Hospitals, Clinics, Home Healthcare, other) to forecast the market size by value; also includes the analysis of past market dynamics from 2016 – 2020, considering 2020 as the base year.
Lastly, the market research report provides a regional comparison and a complete country-level analysis for the Application trends, along with the major key players- BSN Medical; Medline Industries, Inc.; Derma Sciences Inc.; Mölnlycke Health Care AB; Cardinal Health; PAUL HARTMANN AG; Smith & Nephew; Medtronic Plc; Johnson & Johnson Pvt. Ltd.; B.Braun Melsungen AG.
You can browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Traditional Wound Management Market.”
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