The wound care management market in emerging economies is forecast to grow from $722.9m in 2009 to $906.6m by 2016 with a Compound Annual Growth Rate (CAGR) of 3%. The wound care management market of China is the biggest market in terms of market size and accounted for about 49% of the total revenue of the wound care management market in 2009. China and India will continue to witness high growth, mainly because of the high elderly population and the increase in awareness of advanced wound care products. The wound care management market in India is forecast to grow from $148.2m in 2009 to about $179.7m by 2016 with a CAGR of 3%.
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The wound care management market in China was valued at $355.4m in 2009 and is forecast to grow at a CAGR of 3% to reach $448.7m in 2016. China is the biggest market, contributing 49% towards to the emerging economies wound care management market in 2009. The demand for advanced wound care products in China is mainly driven by high population growth, increased lifestyle disorders and high awareness of advanced wound care products.
Type II Diabetes is one of the most common causes of chronic wounds in emerging economies. In future the diabetes and other lifestyle diseases are going to replace infectious diseases and malnutrition as the main cause of morbidity and mortality in emerging economies. According to the World Diabetes Foundation (WDF), an estimated 285 million people or 6.6% in the age group 20-79 will live with diabetes in 2010. In this total diabetic population, 70% of patients live in emerging economies. Globally in the next 20 years, the number of diabetic patients is expected to increase by more than 50%. In this patient population the largest increases will take place in emerging economies. In emerging economies, many people with diabetes are unaware of the importance of routine foot care. The increasing diabetic population, chronic wounds and a long healing process are expected to drive the wound care management market in the emerging economies.
GlobalDatas new report, Wound Care Management – Emerging Countries (China, India, Brazil) Opportunity Assessment, Competitive Landscape and Market Forecasts to 2016 provides key data, information and analysis on the global wound care management market. The report provides market landscape, competitive landscape and market trends information on the wound care 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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