The Business Research Company’s latest report Wound Care Devices Global Market Report 2020 covers Wound Care Devices market drivers, Wound Care Devices market trends, Wound Care Devices market segments, Wound Care Devices market growth rate, Wound Care Devices market major players, and Wound Care Devices market size. The report provides in-depth analysis of the impact of COVID-19 on the Wound Care Devices industry, along with revised market numbers due to the effects of the coronavirus.
Wound Care Devices Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global wound care devices market is expected to decline from $19.6 billion in 2019 to $16.7 billion in 2020 at a compound annual growth rate (CAGR) of -15%. The decline is mainly because of worldwide supply and demand mismatches of resources due to the COVID-19 outbreak. There is an inadequate production of wound dressing and wound healing devices due to the restrictions imposed by governments of various countries to shutdown factories or function with minimal staffing, to contain the spread of virus and keep the staff safe. The market is then expected to recover and grow at a CAGR of 6% from 2021 and reach $24.6 billion in 2023.
The report covers the wound care devices market’s segments-
1) By Type: Traditional Adhesive Dressings, Negative-Pressure Wound Therapy (NPWT), Traditional Gauze Dressings, Advanced Wound Care Devices.
2) By End User: Hospitals And Clinics, Diagnostic Laboratories, Others.
3) By Type Of Expenditure: Public, Private.
4) By Product: Instruments/Equipment, Disposables.
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