The global wound care solutions market is estimated to garner $30.5 billion in revenue by 2026 at a compound annual growth rate of 6.7%, finds Frost & Sullivan
SAN ANTONIO, Oct. 18, 2021 /CNW/ --Frost & Sullivan's recent analysis, Global Wound Care Solutions and New-age Technology Growth Opportunities, finds that participants in the wound care industry are investing heavily in technologies and solutions that require minimal/no medical intervention and can be used by patients, family and care providers. Primarily contributed by basic and advanced wound care solutions product types, the global wound care solutions market is estimated to garner $30.5 billion in revenue by 2026 from $20 billion in 2020, an uptick at a compound annual growth rate (CAGR) of 6.7%.
With technological advancements and a diverse array of traditional and advanced wound care solutions comprising apps, software, services, devices, and wearables, North America will dominate the wound care market by 2026. Also, the European wound care market will witness stable growth as the market becomes saturated due to technological advancements. Asia-Pacific will see a maximum growth rate as countries across the region adopt wound care solutions rapidly. Similarly, a surge in demand for faster wound recovery and advanced wound dressings in the Middle East and Latin America, respectively, will drive the wound care solutions market in the rest of the world over the forecast period.
For further information on this analysis, please visit: https://frost.ly/6eh
"The requirement for faster, less-invasive wound healing is boosting the demand for advanced wound care solutions," said Suchismita Das, Healthcare & Life Sciences Research Analyst at Frost & Sullivan. "Additionally, the resumption of elective surgeries that were placed on hold during the pandemic will further boost the post-pandemic demand for surgical wound care solutions."
Das added: "As end-users increasingly prefer 'at-home' solutions, simple and effective wound monitoring devices and solutions that require less intervention from clinicians are gaining traction. Further, the artificial intelligence (AI)-enabled solutions, sensor-based devices/wearables, and wound assessment devices aid care providers with clinical decision support (CDS) for faster diagnosis of complex wounds, leading to effective care pathways."
Government and corporate funding for developing next-gen wound care solutions that primarily enable early wound detection and prevention is set to increase, presenting the following growth opportunities for market participants:
Global Wound Care Solutions and New-age Technology Growth Opportunitiesis the latest addition to Frost & Sullivan's Healthcare & Life Sciences research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.
About Frost & Sullivan
For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.
Global Wound Care Solutions and New-age Technology Growth Opportunities
MG30
Contact:
Mariana Fernandez
Corporate Communications
E: Mariana.Fernandez@frost.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/artificial-intelligence-to-boost-the-global-wound-care-market-by-2026-with-minimal-intervention-solutions-301401695.html
SOURCE Frost & Sullivan
Read more from the original source:
- What is Artificial Intelligence (AI) ? | IBM - January 31st, 2023
- What is Artificial Intelligence (AI)? | Oracle - January 31st, 2023
- Artificial intelligence | NIST - January 31st, 2023
- Artificial intelligence | Definition, Examples, Types, Applications ... - January 31st, 2023
- Artificial Intelligence and Machine Learning - INL - January 31st, 2023
- Artificial Intelligence (AI): What it is and why it matters - January 31st, 2023
- Artificial Intelligence (AI) - United States Department of State - January 31st, 2023
- Shaping the Future of Artificial Intelligence AI: The Significance of Prompt Engineering for Progress and Innovation - MarkTechPost - January 31st, 2023
- A European approach to artificial intelligence | Shaping Europes ... - December 30th, 2022
- Artificial Intelligence | Carnegie Mellon University - Computer Science ... - December 30th, 2022
- Artificial Intelligence in Medicine | IBM - December 14th, 2022
- The Wild Future of Artificial Intelligence - The Atlantic - December 14th, 2022
- The Increased Spending On Defense Will Propel The AI in Military Market Size To More Than $11 Billion By 2026 As Per The Business Research Company's... - December 14th, 2022
- #Meta Announced That It Has Expanded Its Artificial Intelligence Face-scanning Tool ... - Latest Tweet by - LatestLY - December 6th, 2022
- NASA Sets Launch Date for Mission to $10 Quintillion Asteroid - November 4th, 2022
- Greta Thunberg Says UN Climate Conference Is a Scam and She's Not Attending - November 4th, 2022
- Twitter Working on Plan to Charge Users to Watch Videos - November 4th, 2022
- There's Something Strange About How These Stars Are Moving, Scientists Say - November 4th, 2022
- This Deepfake AI Singing Dolly Parton's "Jolene" Is Worryingly Good - November 4th, 2022
- Manslaughter Case Has a Strange Twist: Tesla That Killed Couple Was on Autopilot - November 4th, 2022
- Cats May Be Tampering With Crime Scenes, Scientists Say - November 4th, 2022
- Huge Drone Swarm to Form Giant Advertisement Over NYC Skyline - November 4th, 2022
- Elon Musk Meeting With Advertisers, Begging Them Not to Leave Twitter - November 4th, 2022
- Scientists Found a Way to Control How High Mice Got on Cocaine - November 4th, 2022
- Scientists Spot "Stripped, Pulsating Core" of Star Caused By Horrific Accident - November 4th, 2022
- US Gov to Crack Down on "Bossware" That Spies On Employees' Computers - November 4th, 2022
- China Plans to Send Monkeys to Space Station to Have Sex With Each Other - November 4th, 2022
- Scientists Use Actual Lunar Soil Sample to Create Rocket Fuel - November 4th, 2022
- AOC Says Her Twitter Account Broke After She Made Fun of Elon Musk - November 4th, 2022
- Jeff Bezos' Housekeeper Says She Had to Climb Out the Window to Use the Bathroom - November 4th, 2022
- Chinese Spaceplane Releases Mystery Object Into Orbit - November 4th, 2022
- Hackers Just Took Down One of the World's Most Advanced Telescopes - November 4th, 2022
- That "Research" About How Smartphones Are Causing Deformed Human Bodies Is SEO Spam, You Idiots - November 4th, 2022
- Artificial Intelligence Regulation Updates: China, EU, and U.S - The National Law Review - August 5th, 2022
- Artificial intelligence isn't that intelligent | The Strategist - The Strategist - August 5th, 2022
- Can artificial intelligence really help us talk to the animals? - The Guardian - August 5th, 2022
- Researchers use artificial intelligence to create a treasure map of undiscovered ant species - EurekAlert - August 5th, 2022
- Global Artificial Intelligence in Healthcare Diagnosis Market Research Report 2022: Rising Adoption of Healthcare Artificial Intelligence in Research... - August 5th, 2022
- Elon Musk and Silicon Valley's Overreliance on Artificial Intelligence - The Wire - August 5th, 2022
- High Five: Artificial Intelligence-Generated Campaigns and Experiments | LBBOnline - Little Black Book - LBBonline - August 5th, 2022
- Artificial Intelligence In Insurtech Market Is Expected to Boom- Cognizant, Next IT Corp, Kasisto - Digital Journal - August 5th, 2022
- Artificial Intelligence is the Future of the Banking Industry Are You Prepared for It? - International Banker - August 5th, 2022
- Some Idiot Asked The Dall.E mini Artificial Intelligence Program What The Last Selfies Of Humans Will Look Like And Good News, We're Definitely Headed... - August 5th, 2022
- Can Artificial Intelligence Be Creative? - Discovery Institute - June 29th, 2022
- Worldwide Artificial Intelligence (AI) in Drug Discovery Market to reach $ 4.0 billion by 2027 at a CAGR of 45.7% - ResearchAndMarkets.com - Business... - June 29th, 2022
- Glorikian's New Book Sheds Light on Artificial Intelligence Advances in the Healthcare Field - The Armenian Mirror-Spectator - June 29th, 2022
- Deep Dive Into Advanced AI and Machine Learning at The Behavox Artificial Intelligence in Compliance and Security Conference - Business Wire - June 29th, 2022
- What's Your Future of Work Path With Artificial Intelligence? - CMSWire - June 29th, 2022
- How artificial intelligence is boosting crop yield to feed the world - Freethink - June 29th, 2022
- Taking the guesswork out of dental care with artificial intelligence - MIT News - June 29th, 2022
- IT, Computing and Communications (ITCC) Technology Innovations/Growth Opportunities Report 2022 with Focus on Cloud, Artificial Intelligence, and Edge... - June 29th, 2022
- Artificial Intelligence in Education Market Size, Scope and Forecast | Google Inc., Microsoft Corporation, eGain Corporation, QlikTech International... - June 29th, 2022
- Artificial Intelligence in Medical Imaging Market Analysis by Trends, Demand, Products and Technology Forecast to 2028 Designer Women - Designer... - June 29th, 2022
- Lockheed testing artificial intelligence to fight wildfires - FOX 31 Denver - May 12th, 2022
- Artificial Intelligence/Machine Learning and the Future of National Security - smallwarsjournal - May 12th, 2022
- Global Artificial Intelligence (AI) Market to Reach US$341.4 Billion by the Year 2027 - Yahoo Finance - May 12th, 2022
- Why artificial intelligence is vital in the race to meet the SDGs - World Economic Forum - May 12th, 2022
- Glean Named to Forbes AI 50 List of Top Artificial Intelligence Companies of 2022 - Yahoo Finance - May 12th, 2022
- Can Artificial Intelligence remove unintended bias from health care? Clinicians optimistic, but wary - Medical University of South Carolina - May 12th, 2022
- Living in the age of conscious-technology An interview with artificial intelligence innovator, Matthew James Bailey - Crestone Eagle - May 12th, 2022
- Predicting Others Behavior on the Road With Artificial Intelligence - SciTechDaily - May 12th, 2022
- Artificial intelligence drives the way to net-zero emissions - Sustainability Magazine - May 12th, 2022
- The 1997 chess game that thrust AI into the spotlight - ETTelecom - May 12th, 2022
- Googles I/O Conference Offers Modest Vision of the Future - The New York Times - May 12th, 2022
- National Technology Day: How artificial intelligence is helping MSMEs to optimize processes, accelerate growth - The Financial Express - May 12th, 2022
- AI, philosophy and religion: what machine learning can tell us about the Bhagavad Gita - The Conversation - May 12th, 2022
- Artificial Intelligence in Healthcare Market Global Analysis, Opportunities and Forecast to 2029 Queen Anne and Mangolia News - Queen Anne and... - May 12th, 2022
- Artificial Intelligence in Medical Imaging Market In Depth Analysis Along with Statistics and Forecast 2022-2029 Queen Anne and Mangolia News - Queen... - May 12th, 2022
- A European approach to artificial intelligence | Shaping ... - April 28th, 2022
- Artificial intelligence in factory maintenance is no longer a matter of the future - ReadWrite - April 28th, 2022
- LEFT TO MY OWN DEVICES: Be smart. Welcome new artificial intelligence solutions. - Times Tribune of Corbin - April 28th, 2022
- Artificial Intelligence and Chemical and Biological Weapons - Lawfare - Lawfare - April 28th, 2022
- Pentagon Names Chief Digital and Artificial Intelligence Officer - Nextgov - April 28th, 2022
- A new vision of artificial intelligence for the people - MIT Technology Review - April 28th, 2022
- BrainBox AI Brings Artificial Intelligence to Mountain Development Corp. with Installations in Two of its Commercial Office Buildings - GlobeNewswire - April 28th, 2022
- Exclusive: We Interviewed the CEO of SkyNet About Their Recent Breakthroughs in Artificial Intelligence - Hard Drive - April 28th, 2022
- Arolsen Archives' #everynamecounts Project Uses Artificial Intelligence to Help Uncover Information on Victims of Nazi Persecution - LJ INFOdocket - April 28th, 2022
- Artificial intelligence aids to diagnose mild cognitive impairment that progresses to Alzheimer's - EurekAlert - April 28th, 2022
- Artificial Intelligence & the Economy: Charting a Path for Responsible and Inclusive AI U.S. Department of Commerce, National Institute of... - April 28th, 2022
- Artificial intelligence in Manufacturing market size is valued at USD 2.3 billion in 2022 and is anticipated to be USD 16.3 billion by 2027; growing... - April 28th, 2022