Wound care devices and products are used to prevent infection and promote healing of the wound. The industry mainly consists of establishments engaged in manufacturing wound care devices and products for the treatment of wounds caused by mechanical, chemical, thermal, and radiogenic trauma; and wounds that occur due to diseases such as diabetes, skin related diseases, immunological diseases, and other chronic diseases.
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The global wound care devices market has shown a modest growth in the past years with a CAGR of over 3%. The year 2017 recorded highest ever growth in this market with a net value of around $14 billion as per TBRC’s in-house consultants.
TBRC’s latest report show historic and future trends in the market for each year with sourced reasons to support the growth claims.
The report also expects the wound care devices market to grow at the same CAGR until 2021.
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Asia Pacific had the highest CAGR of 4.5% during 2013 – 2017; this region is expected to grow at a CAGR of 4.60% during 2017 – 2021 with a market value of $5 billion in 2017, whereas North America had the second-highest CAGR of 4.60% during 2013 – 2017.
TBRC’s latest report will cover in depth understanding and calculated impacts of each market factor on a global as well as regional level, to analyze the best investment strategy for this emerging market.
Companies covered in the report are Cardinal Health, Inc., 3M and Medtronic.
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