|By PR Newswire||
|April 24, 2014 10:19 AM EDT||
PORTLAND, Oregon, April 24, 2014 /PRNewswire/ --
Wound closure and advanced wound care products are gaining ground over traditional methods of wound care, globally. Factors propelling the advanced wound care products are the minimal need of bed capacity in hospitals, and shifting inclination towards homecare therapies that enhance healing and minimize hospital time. Therapies and products that promote faster wound healing are gaining prominence due to the recovery time taken by these products. Though the product ingression is minimalistic currently, the global market for advanced wound care products is a potent market. The growing population, rising awareness levels in patients, and buying power due to higher disposable incomes are a few factors that would push the application of the market globally.
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Advancements in wound care technologies have ignited the growth in wound closure market. The prevalence of lifestyle diseases and their widespread influence would intensify the need for advanced wound care surgeries. The witnessed growth due to lifestyle diseases would prevail in the future, as rising incidences of traumatic cases are registered more frequently than ever. Adoption in surgical sealants and haemostat technologies has ignited the need for wound care service providers. Advanced wound care products market would dominate the wound care sector in the future. The highly favored reimbursement policies would further add fuel to the growth of the wound care products market. Insurance companies in most of the developing economics are contributing positively with reimbursements policies that are highly favorable towards the patients. Value chain scenario of the market is balanced and in control due to mutual understanding between intermediaries. Market drivers of this market are over riding the restraints. However, the cost associated with the wound closure surgeries is the major of challenge to the industry players. Most of the time, it is found that the cost of supplementary treatments would cross the value of actual treatment. This situation is majorly hindering the growth of wound care market. Therefore, the players operating in this market are continuously working towards increasing the efficiency of surgeries and eliminate unnecessary tests conducted during the procedures.
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Rise in incidence of diabetes across the globe has elevated the need of innovative diabetic management devices that has increased adoption of continuous glucose monitoring (CGM) devices. The existing glucose monitoring devices have few gaps which are bridged by the innovative CGM. With continuous glucose monitoring, significant improvement has been observed in stabilizing elevated A1C levels which in turn reduces risk of developing long term diabetic complications. Other driving factors for CGM market are technological innovation in the form of artificial pancreas, increasing awareness among developed, developing and under developed economies, and rise in incidences of diabetic cases. However, factors such as strict regulatory impositions, inadequate reimbursement options for CGM and accuracy as well as cost of the CGMs are restraining the market growth.The global continuous glucose monitors market generated revenue of $194.8 million in 2012 and is expected to reach market size of value $568.5 million by 2020, growing at a CAGR of 14.8% during 2013-2020. This growth is attributed to increase in technological innovations, namely launch of artificial pancreas, convenience offered by CGM over self monitoring glucose devices, and earlier detection of the hypo & hyperglycemic events by CGM.
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Global Nanosensor Market:
Nanosensors are made with the help of chemical, biological or surgical sensory points to transfer information regarding Nanoparticles that is used for organic studies. For the system optimization and for the detailed study of biology, Nanotechnology is most commonly used. Global Nanotechnology market is expected to reach 2.4Trillion by 2015. By understanding this market scenario, many manufacturers are proactively investing into R&D of Nanotechnology based products to grab initial market share of Nanotechnology adoption. Use of Nanosensor in medical industry helps to critically analyze the particular cell as it has capabilities to measure change in volume, displacement, concentration, velocity, electrical and magnetic forces, pressure or temperature of the cell. Some Nano-sensors are able to distinguish between specific cells such as cancer cell at the molecular level. Due to all these advantages, adoption of Nanaosenor is higher in healthcare industry and this adoption is acting as major driving fueling the market growth.
- This report gives a detailed analysis of drivers and factors limiting market expansion
- Projections are made for the next eight years by considering values for 2012 as reference
- Porter's five forces and SWOT analysis discussed would help the decision makers in making strategic decisions
- Analysis of key market players and strategies adopted by them are dealt in the report to give a deep dive intelligence to the stake holders about the top contenders in the advance wound care market
- Micro level analysis is conducted based on derivative types, applications and geographies to give comparative analysis of the global market
- Comprehensive and quantitative data about changing market trends, competition and opportunities in Product and Application Market is provided in the report to help the stake holders in making strategic decisions
- Identification of key investment pockets for the applications Market would unravel the potential opportunities present in the market
KEY MARKET SEGMENTS
GLOBAL MARKET, BY TYPES
- Traditional Wound Care
- Advanced Wound Care
- Active Wound Care
- Therapy Devices
GLOBAL MARKET, BY APPLICATIONS
- Ulcers Major
- Surgical Wounds
- End users
- Community Health Centers
GLOBAL MARKET, BY GEOGRAPHY
- North America
- Asia Pacific
- Healthcare device Manufacturing Companies
- Public and Private Healthcare Facilities
- Research Institutes
- Academic and Medical Institutes
Key companies included in the report are
- 3M Health Care
- Bard Medical Division
- Baxter International, Inc.
- Coloplast A/S
- Convatec, Inc.
- Covidien Plc.
- Derma Sciences, Inc.
- Ethicon, Inc.
- Genzyme Biosurgery,
- Integra Life Sciences Corp.
Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP, based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions". AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirm utmost accuracy in our market forecasting. All the data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of concerned domain. Our secondary data procurement methodology includes deep online and offline research and discussions with knowledgeable professionals and analysts in the industry.
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