The global “venous leg ulcer treatment market size” is projected to reach USD 4.84 billion by 2026. Recent advancements in treatment options for venous leg ulcer will have a positive impact on the growth of the market in the coming years. According to a report published by Fortune Business Insights, titled “Venous Leg Ulcer Treatment (VLU) Market Size, Share and Global Trend by Product (Compression Therapy, Advanced Wound Dressings, Others), By End User (Hospitals, Specialty Clinics, Homecare Settings, Others), and Regional Forecast, till 2026,” the market was worth USD 2.95 billion in 2018 and will exhibit a CAGR of 6.4% during the forecast period, 2019-2026.
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Key Players Operating in The Venous Leg Ulcer Treatment Market Include:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
- Integra Lifesciences
- Smith & Nephew
- Coloplast Corp.
- Paul Hartmann
- Cardinal Health
- SIGVARIS GROUP
- KCI Licensing, Inc.
- Other Players
High Prevalence of the Disorder Will Aid Growth of the Market
The report encompasses several factors that have contributed to the growth of the market in recent years. Among all factors, the high prevalence of venous leg ulcer has made the highest impact on the growth of the market. The increasing incidence of this disorder has encouraged companies to offer faster and efficient treatment options. The growing investment in the development of such methods will help these companies generate substantial venous leg ulcer treatment market revenue in the coming years. According to an article published by The National Center for Biotechnology Information (NCBI) in 2010, around 600,000 people suffer from venous leg ulcer in the United States annually. The increasing incidence of this disorder will have a positive impact on the growth of the market in the coming years.
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North America Likely to Emerge Leading; Increasing Emphasis on Product R&D to Aid Growth
The report analyses ongoing venous leg ulcer treatment market trends across North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in North America is projected to emerge leading in the coming years. The increasing investment in the research and development of technologically advanced products for the treatment of the disease will have a direct impact on the growth of the regional market. Besides Europe, the market in North America will witness considerable growth in the coming years.
Detailed Table of Content:
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Prevalence of Venous Leg Ulcer by Key Countries/Regions
- The Reimbursement Scenario by Key Countries/Regions
- Overview of New Product Launches and Developments
- Key Industry Developments (Mergers, Acquisitions, and Partnerships)
- Global Venous Leg Ulcer (VLU)Treatment Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Product
- Compression Therapy
- Compression Bandages
- Compression Hosiery
- Advanced Wound Dressings
- Market Analysis, Insights and Forecast – By End User
- Specialty Clinics
- Homecare Settings
- Market Analysis, Insights and Forecast – By Region
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
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Reasons to Purchase this Report:
- Comprehensive analysis of the Venous Leg Ulcer Treatment Market growth drivers, obstacles, opportunities, and other related challenges.
- Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
- Identifies market restraints and boosters.
- Identifies all the possible segments present in the market to aid organizations in strategic business planning.
KEY QUESTIONS ANSWERED:
- What is the market size and growth rate of the global and regional market by various segments?
- What is the market size and growth rate of the market for selective countries?
- Which region or sub-segment is expected to drive the market in the forecast period?
- What Factors are estimated to drive and restrain the Venous Leg Ulcer Treatment Market growth?
- What are the key technological and market trends shaping the market?
- What are the key opportunities in the market?
- What are the key companies operating in the market?
- Which company accounted for the highest market share?
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