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Bioactive Wound Care Market Size, Share, SWOT Analysis Forecast
by Kalyansri · November 26, 2018
According to the new market research report by IndustryARC titled 鈥淏ioactive Wound Care Market: By First Line Interactive Dressing (Foams, Alginates, Hydrogel Wholesale Jalen Reeves-Maybin Jersey , Hydrocolloids, Collagen); By Second Line Interactive Dressing (Honey, Hydrofiber, Silicon, Silver); By Geography – (2018-2023)鈥? the market is largely driven by the increasing adoption of Bioactive Wound Care products by different age groups.
The North American region is the biggest market in terms of revenue for bioactive wound care and it continues to grow strong as compared to the major economies in Europe and Asia. The North American region has witnessed such strong growth because of the high incidence of chronic and acute wounds such as diabetic foot ulcers, venous leg ulcers Wholesale Teez Tabor Jersey , and pressure ulcers. The healthcare spending in the region is one of the main factors for the growth of the market. The patients are able to afford bioactive wound dressings due to high disposable income. The rise in geriatric population and high incidence of chronic wounds has propelled the demand for bioactive wound care. Europe has been slowly gaining pace in the Bioactive Wound Care market. The European market is still in its nascent stage and there are multiple factors that have hindered the growth of the market. The major factor is the lack of clinical trials in Europe for bioactive wound dressings.
On the other side, the Asia-Pacific is projected to register the highest growth rate with 8.15% CAGR for the Bioactive Wound Care Market, throughout the forecast period. The Asia Pacific is the most promising avenue for global Wound Care market and the next wave of growth will occur in countries such as Australia, Japan, and India. The regulatory scenario is not as stringent as in the US and UK. The opportunities to invest are seamless, with an improving health-care infrastructure. The geriatric population is on the rise in countries such as China. The aging population is an important customer base for the global wound care market.