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(Medical-NewsWire.com, June 19, 2019 ) "Market Overview
The key factors propelling the wound care management device market include an increase in chronic wounds and ulcers, rising incidence of diabetes, aging population, increasing awareness about new technologies for wound care, and government support in the form of funding.
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According to the Centers for Disease Control and Prevention (CDC), the number of US adults aged 18 years or older with diagnosed diabetes quadrupled from 5.5 million in 1980 to 21.9 million in 2014, corresponding to a nearly three-fold increase in the percent prevalence from 3.5 to 9.1%. The prevalence of diabetes among adults in the United States rose to 14% between 2013 and 2016, with nearly 31% of those with diabetes unaware they have the disease. The incidence of chronic wounds, especially foot ulcers, is increasing among the diabetic population and a substantial share of the population undergo a lower extremity amputation. It is also estimated that patients with diabetes are 10 times more likely to undergo amputation at some point in their life.
However, the major restraints of the market are the high cost of technically superior products for wound care and lack of proper reimbursement policies.
Scope of the Report
Wounds are being classified as acute and chronic. There are traditional and advanced wound care and closure products for their treatment. Chronic wounds are the wounds that are hard to heal, take substantial time to heal, and are expensive to treat. Advanced wound care and closure products are emerging as a standard solution for treating chronic wounds. Many players in this industry are trying to enlarge their product portfolio in order to top this Industry. The top companies are acquiring other companies in this industry as their strategy to dominate this market.
Key Market Trends
Foam Dressing Segment of the Advanced Wound Management Products Segment is Expected to Exhibit Fastest Growth Rate over the Forecast Period
Foam has a significant role in the clinical management of chronic wounds and in moist wound healing. Over the past 30 years, polyurethane foam has become one of the most commonly used wound dressings for exudate management in moist wound healing. The foam consists of a porous structure that is able to absorb fluids into air-filled spaces by capillary action. The most commonly used foam is polyurethane. Silicone foam is less frequently used as a primary absorbent in wound dressing but often is applied as an adhesive wound-contact layer. Choosing a foam to match the wound is complex, and depends on the underlying basic characteristics of the patient’s wound. The ability of a given foam to maintain the optimal level of moisture in the wound bed should be evaluated continuously, in order to avoid complications from a mismatch of absorptive capacity to exudate production. As evident from the above-mentioned application of foam dressing, its importance is indispensable. However, it has its disadvantages. Overall, the segment for foam dressing in the United Kingdom wound care management devices market is likely to grow during the forecast period, recording a high growth rate, however, not as high as other product categories, like negative pressure therapy systems.
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Competitive Landscape
The presence of a significant number of players in the market studied has an impact on the prices of products by firms, such as 3M Company, Baxter International, Ethicon Inc., Integra LifeSciences, and Smith & Nephew among others. There is a sustainable competitive advantage through innovation for all companies. The companies are continuously focusing on innovations through research and development. Moreover, these companies are applying powerful competitive strategies, in order to gain more market share in the studied market.
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- The market estimate (ME) sheet in Excel format
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Major Point of TOC:
Chapter One: INTRODUCTION
Chapter Two: RESEARCH METHODOLOGY
Chapter Three: EXECUTIVE SUMMARY
Chapter Four: MARKET DYNAMICS
Chapter Five: MARKET SEGMENTATION
Chapter Six: COMPETITIVE LANDSCAPE
Chapter Seven: MARKET OPPORTUNITIES AND FUTURE TRENDS
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Source: EmailWire.Com 
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