Hong Kong Wound Care Market By Type, Application, Distribution Channel– Industry Trends and Forecast Report

By -
The Hong Kong wound care market held an estimated value of $44.6 million in 2019, which is projected to reach $58.4 million by 2024, progressing at a CAGR of 5.6% during the forecast period (2019–2024). Based on type of advanced wound dressings, the foam category held the largest market share, of 29.3%, in 2019, mainly on account of the fact that wound management with foams reduces the need to change the dressings frequently.
Whereas, the Hong Kong wound care market is expected to witness faster growth in the chronic wounds category under the application segment during the forecast period. This can be attributed to the high incidence of chronic wounds, such as diabetic foot ulcer (DFU), venous leg ulcer (VLU), and pressure ulcer.
Request to Get Free Sample Pages at: 
Surging geriatric population in Hong Kong is playing a pivotal role in the growth of the wound care market in the region. This is due to the fact that elderly people are more prone to developing medical conditions and are susceptible to chronic diseases, such as cancer, diabetes, neurological disorders, and cardiovascular diseases. In addition, the process of wound healing in the geriatric population is delayed, owing to the reduced elasticity of skin and slower collagen production. This in turn, leads to increase the demand for wound care products in the region.

Access Detailed Report Summary:
https://www.psmarketresearch.com/press-release/hong-kong-wound-care-market

Furthermore, increasing prevalence of diabetes is also a major factor driving the Hong Kong wound care market. According to the Centre for Health Protection, Department of Health in Hong Kong, diabetes is a leading cause of mortality and morbidity in the region. The agency claimed that there were 13,700 in-patient discharges and in-patient deaths in hospitals in 2015, due to diabetes. Later in 2017, this number increased to 14,076.

Comments

Post a Comment

Popular posts from this blog

Hospital Bed Market by Type, Treatment, Geography – Market Size, Growth and Demand

By -
Image
Global hospital bed market is forecasted to attain a size of $4.6 billion by 2023, according to P&S Market Research.The market is mainly driven by the increasing prevalence of chronic diseases, growing healthcare expenditure, surging aging population, and development of advanced hospital bed solutions. Based on the type of bed, the hospital bed market has been categorized into general, birthing, pediatric, pressure relief, and others. Of all types, the fastest growth during the forecast period in the global market is expected from general beds, with 5.8% CAGR, due to their low cost as compared to other beds. Based on treatment, the market has been categorized into acute care, critical care, and long-term care beds. During the forecast period, the hospital bed market for critical care is expected to grow the fastest among all types, with a CAGR of 6.0%. This growth is attributed to the fact that critical-care beds allow lateral tilting of patients, which helps in blood circula...
Read more

How the Patient Handling Equipment Market Has Witnessed Substantial Growth in Coming Years?

By -
Image
A report by the United Nations Department of Economic and Social Affairs said that the global population of people in the 60 and above age group is rising rapidly. By the end of 2050, the global share of this age group is expected to grow to 21.1% from 11.7% in 2013. Additionally, the number of people in this age group is predicted to be around 324 million in India, 437 million in China, 58 million in Brazil, and 107 million in the U.S. by 2050. One of the major contributors of the growing elderly population is the increasing life expectancy rate.  Receive Sample Copy of this Report: https://www.psmarketresearch.com/market-analysis/patient-handling-equipment-market/report-sample Taking care of the bed-ridden patients or patients with restricted mobility can be taxing for caregivers. They have to perform many tasks, such as lifting, transferring them from one place to another, repositioning, bathing, and dressing a patient. Manual lifting of patients is one of the major risk factors...
Read more

Facial Skin Ablative Treatment Market To Reach $8,394.3 Million by 2030

By -
Image
 Drivers such as the booming geriatric population, surging number of aesthetic procedures, growing awareness regarding advanced aesthetic treatments, and increasing technological advancements will facilitate the facial skin ablative treatment market growth at a CAGR of 7.8% during the forecast period (2020–2030). The market was valued at $4,134.6 million in 2019, and it is expected to reach $8,394.3 million by 2030 . With the increasing focus on improved appearances, the demand for energy-based aesthetic treatments will amplify in the coming years. The increasing awareness regarding aesthetic procedures, on account of the rising number of exhibitions, seminars, and conferences aimed at generating awareness among the general public and healthcare professionals about the developments in aesthetic and cosmetic treatments will act as a catalyst for the market growth. For example, EuroMediCom (Informa Group) organized the Aesthetic & Anti-Aging Medicine World Congress (AMWC) in Apri...
Read more