World News: 09:33 GMT Tuesday 3rd December 2019. [Research and Markets via Globe Newswire via SPi World News]
Dublin, Dec. 03, 2019 (GLOBE NEWSWIRE) -- The report has been added to offering.
The United States is the fastest-growing regional market due to the rising incidence of diabetes, surging prevalence of chronic wounds, and product launches. The U.S. represents one of the largest markets for advanced wound care product and is already well-penetrated at developed market levels. Increasing demand for rapid healing along with a wide range of advanced products is estimated to act as an opportunity for advanced wound care product market.
The factors such as rising ageing population, increasing life expectancy, rising diabetic population, rising prevalence of chronic wounds and increasing awareness of advanced wound care products are expected to drive the market. However, the growth of the industry will be challenged by the high cost of advanced wound care products and stringent regulatory approval process. A few notable trends include favourable reimbursement policies, technological advancements, and emerging middle-class population.The wound care market is segmented into four categories, namely Surgical, Advanced, Basic and Mid Tier. The launch of new innovative products with great benefits, faster adoption of wound care products and increasing healthcare expenditure helped advanced wound care segment to remain at top position amongst all the segments.
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Globe Newswire: 09:33 GMT Tuesday 3rd December 2019
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