subject: Advanced Wound Management [print this page] The global market for advanced wound management devices was valued at $2.7 billion in 2009, and is forecast to grow at a Compound Annual Growth Rate (CAGR) of 4.5% to reach $3.7 billion in 2016. The market is expected to be driven by an increasing prevalence of diabetes and obesity, an aging population, patient awareness and a rise in hospital acquired infections.
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The global annual incidence of diabetic foot ulcers is between one and four percent. According to the Center for Disease Control and Prevention (CDC), the overall prevalence of diabetes in the US is 23.6 million. About 15% of this diabetic population develops diabetic foot ulcers and 7% of the people with diabetic ulcers require amputation. Approximately three million adults in the US suffer from pressure ulcers every year. During hospitalization, about 15% of the elderly are likely to develop pressure sores. It is estimated that venous stasis ulcers affect 500,000-600,000 people in the US every year and it is therefore the most common type of leg ulcer. Globally, the incidence of venous leg ulcers is about 2.5 million. Venous stasis ulcers are 1.5 to three times more common in women than men.
The European advanced wound management devices market is expected to reach $1.6 billion in 2016, growing at a CAGR of 5% from 2009 to 2016. The market in Europe is expected to be driven by patient demographics, emerging technologies, lifestyle factors and patient awareness and expectations. The advanced wound management devices market in Germany, France, Italy and Spain grew at a CAGR of more than 10% from 2002 to 2009.
The main reason for Europe being a bigger market for advanced wound management devices is that reimbursement in the US is based on unit costs of wound dressing, rather than on the total costs of healing a wound. Other reasons include rising concerns regarding infected wounds and heightened awareness about the benefits of incorporating silver into wound dressings, in terms of reducing healing time.
GlobalDatas new report, Advanced Wound Management - Global Pipeline Analysis, Opportunity Assessment and Market Forecasts to 2016 provides key data, information and analysis on the global advanced wound management market. The report provides market landscape, competitive landscape and market trends information on the advanced wound management market. The report provides comprehensive information on the key trends affecting the market, and key analytical content on the market dynamics. The report also reviews the competitive landscape and technology offerings.
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