North America to maintain its dominance throughout the forecast period
Surge in geriatric population, increase in incidences of diabetes, obesity and chronic conditions, and high-end technological advancements to deal with complex wounds fuel the growth of the global advanced wound care market . On the other hand, high cost of advanced wound care products impedes the growth to some extent. Nevertheless, untapped opportunities in developing economies is expected to create a number of opportunities for the key players in the industry. The global advanced wound care industry was estimated at $8.45 billion in 2018 and is expected to reach $13.94 billion by 2027, growing at a CAGR of 6.5% from 2019 to 2027. The therapy devices segment to maintain its leadership status till 2027- Based on product, the therapy devices segment accounted for more than one-third of the global advanced wound care market share in 2018, and is expected to rule the roost throughout the forecast period. Availability of innovative portfolio for wound care...