Increasing diseases in North America are particularly ulcers attributed to either diabetes, venous disease, or arterial disease has been observed to be major factor for the market growth. In North America region, U.S. has higher cases of diseases where requirement of advanced wound care products are more hence major companies have more focus in this country. It has also been observed that major companies are generating their higher revenue from U.S. country for this market. It has been also found that the U.S. country in North America has highest healthcare expenditure across the world. For instance, Center for Medicare and Medicaid has estimated that the healthcare expenditure of U.S. has grown by 3.9%, reaching $3.5 trillion in 2017. With high healthcare expenditure, the country has better treatment facilities among patients.
North America advanced wound care market is segmented of the basis of product type, therapy devices, type of dressings, wound type, end user and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
North America advanced wound care is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with a stronger CAGR of 4.6% in the forecast period of 2020 to 2027 and expected to reach USD 4,611.54 million by 2027. Rising healthcare expenditure and increasing prevalence of diseases in North America are the major factors for the advanced wound care market growth.
Based on the wound type, the North America advanced wound care market is classified into surgical wounds, ulcers, trauma wounds, burns and others. Surgical wound segment is dominating the market as well as growing with the highest CAGR due to rising cases of the surgical wounds amongst the people worldwide. People with surgical wounds mostly prefer advanced wound care because of its better treatment and high healing capability. According to CDC , It has been estimated that around 110,800 surgical site infections (SSIs) associated with inpatient surgeries in 2015.
Advanced Wound Care Market Country Level Analysis
Advanced wound care Market is analysed and market size information is provided by country, by product type, therapy devices, type of dressings, wound type, end user and distribution channel.
The countries covered in the advanced wound care market report are U.S., Canada and Mexico in North America.
North America is dominating the advanced wound care market due to its benefits in healing wound among patients. Major companies are launching their product in the U.S. as its requirement in the U.S. is higher due to increase in prevalence of diseases. For instance, According to Agency of Healthcare Research and Quality, it has been estimated that every year more than 2.5 million people in the U.S. develop pressure ulcers. Pressure ulcers are treated easily with advanced wound care products which ultimately grow the market in the U.S