Market Overview

China Wound Care Product Market Report (2018-2023) - 2 Main Drivers: Increasing Incidence of Chronic & Acute Diseases / Increasing Geriatric Population - ResearchAndMarkets.com

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The "China
Wound Care Product Market (2018-2023)"
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The China wound care product is expected to cater to the demand, and
provide the quality healthcare facilities needed by and beyond 2020.

The requirement for rapid wound-healing products has increased
significantly in the recent years due to the rising prevalence of
chronic and acute diseases. The China wound care product market is
anticipated to show a single-digit growth rate during the forecasted
period. Various wound care manufacturers in China are planning to launch
new advanced wound care products across the country by the end of 2018.

Revenue growth in China has been stronger than any of the other APAC
countries. This trend has been driven primarily by increasing disposable
income and also economic prosperity that is enabling the healthcare
sector to expand.

The trend of diversification of resources and capabilities, and
accommodating the expanding volume of patients are creating high growth
opportunities for the APAC countries. In China, more than 9% of the
population is expected to suffer from diabetes in 2018, rising from 8.6%
in 2014.

China is expected to hold a significant market share because it is one
of the first few countries to introduce new developed healing
technologies for the wound care products. The advent of advanced wound
care products is expected to transform the healthcare facilities of this
region.

The hospitals and specialty care clinics have the largest market share
based on the end user segment for China, whereas the home healthcare
segment is growing fast because of the expanding applications of
self-treatment at home.

Key Growth Factors

  • The major growth factor for the China wound care product market is the
    increasing incidence of chronic and acute diseases like diabetes,
    ulcers, and obesity.
  • The increasing geriatric population in China is also creating huge
    opportunities for the various wound care products.

Threats and Key Players

  • A major challenge that the China wound care product market will face
    is price sensitivity.
  • The key players in this market are Smith & Nephew, Coloplast
    Corporation, Acelity L.P. Inc., and Molyncke Healthcare AB.

For more information about this report visit https://www.researchandmarkets.com/research/d9xwr8/china_wound_care?w=4

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