“Wound Care Management Market to 2018 - Advanced Wound Care Modalities and an Expanding Patient Base Create Significant Growth Opportunities in Emerging Countries”

Obesity Pandemic to Mean Big Business for Wound Care Market in Emerging Countries.

The spread of lifestyle disorders such as obesity and diabetes in emerging countries offers vast potential for expansion in the wound care management market, explains a new report from business intelligence providers GBI Research.

According to the report*, Western countries currently account for a significant majority of the global wound care management market due to greater product awareness and a large patient pool. But as incidences of obesity and diabetes, among other conditions, continue to rise in hugely populated countries like India and China, the market disparity is expected to shrink.

The wound care management market was valued at $18.58 billion in 2011, but GBI Research predict this figure will rise at a Compound Annual Growth Rate (CAGR) of 5% to reach $25.86 billion in 2018.

The global diabetes population stood at 311 million in 2011, but this figure is expected to almost double to 550 million by 2030. The condition carries with it problems such as foot, pressure and venous ulcers. Equally, obesity has associated complications that include chronic ulcers and wounds. All of these secondary ailments require the wound care treatment that recently introduced devices can provide more effectively

GBI Research states that factors such like rapid urbanization and increases in the numbers of elderly are leading to an increase in these lifestyle disorders in the emerging economies of India, China and Brazil.

A 2010 report by the World Alliance for Wound and Lymphedema Care (WAWLC) found that the prevalence rate of chronic wounds in India is 4.5 per 1000 people and the number of those with acute wounds was 10.5 per 1000 people.

Companies Mentioned

- Kinetic Concepts, Inc.

- Covidien Plc

- Coloplast A/S

- ConvaTec

- Smith & Nephew Plc

- Hartmann Group

- Molnlycke Healthcare AB

- Hollister Incorporated

- ArjoHuntleigh

- Ethicon, Inc.

- Sigvaris, Inc.

- Johnson & Johnson (J&J)

For more information visit http://www.researchandmarkets.com/research/86dps7/wound_care_managem