China Traditional Wound Management Market Size & Outlook
China traditional wound management market, 2018-2030 (US$M)
Related Markets
China traditional wound management market highlights
- The China traditional wound management market generated a revenue of USD 93.3 million in 2023 and is expected to reach USD 125.2 million by 2030.
- The China market is expected to grow at a CAGR of 4.3% from 2024 to 2030.
- In terms of segment, gauze was the largest revenue generating type in 2023.
- Gauze is the most lucrative type segment registering the fastest growth during the forecast period.
Traditional wound management market data book summary
| Market revenue in 2023 | USD 93.3 million |
| Market revenue in 2030 | USD 125.2 million |
| Growth rate | 4.3% (CAGR from 2023 to 2030) |
| Largest segment | Gauze |
| Fastest growing segment | Gauze |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Gauze |
| Key market players worldwide | 3M Co, ConvaTec Group PLC, DeRoyal, Hollister, Integra Lifesciences Holdings Corp, Coloplast A/S Class B, Medtronic PLC, Molnlycke Health Care, Smith & Nephew PLC, B. Braun, Johnson & Johnson |
Other key industry trends
- In terms of revenue, China accounted for 2.5% of the global traditional wound management market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, India traditional wound management market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 134.8 million by 2030.
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Traditional Wound Management Market Scope
Traditional Wound Management Market Companies
| Name | Profile | # Employees | HQ | Website |
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China traditional wound management market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to traditional wound management market will help companies and investors design strategic landscapes.
Gauze was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the China traditional wound management market based on gauze covering the revenue growth of each sub-segment from 2018 to 2030.
Regulatory process for product approvals is comparatively less stringent in China, which facilitates easy entry of advanced products in the market. In addition, availability of resources enables advancements in technology at cheaper costs that has led to an increase in the number of manufacturing facilities in the country.
In addition, China has released Order 650 (former Order 276), Regulations for the Supervision and Administration of Medical Devices to restrict foreign investment in the country, majorly to protect local medical devices manufacturing companies. Hence, the number of local traditional wound management product manufacturers is anticipated to increase owing to which the market is expected to grow over the forecast period.
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Target buyers of China traditional wound management market databook
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Our clientele includes a mix of traditional wound management market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China traditional wound management market , including forecasts for subscribers. This country databook contains high-level insights into China traditional wound management market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China traditional wound management market size, by type, 2018-2030 (US$M)
China Traditional Wound Management Market Outlook Share, 2023 & 2030 (US$M)
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