Asia Pacific Advanced Wound Dressings Market Size [2020-2027]

The Asia Pacific advanced wound dressings market size was USD 1,051.2 million in 2019. The impact of COVID-19 has been unprecedented and staggering in Asia Pacific, with advanced wound dressings witnessing a negative impact on demand across all

The Asia Pacific advanced wound dressings market size is projected to reach USD 1,644.8 million by 2027 owing to the increasing population of diabetic patients in the region, states Fortune Business Insights™ in its report, titled “Asia Pacific Advanced Wound Dressings Market, 2020-2027”. The report further states that the global market value was USD 1,051.2 million in 2019 and the market is expected to register a CAGR of 6.2% from 2020 to 2027.

COVID-19 Impact

The COVID-19 pandemic is expected to have a long-term effect on businesses worldwide. Trading has been disrupted owing to stringent travel bans amid the initial phase of the pandemic. In addition, the global shutdown of the production units has been a challenge for most enterprises. The Asia Pacific advanced wound dressings market has also experienced a declining growth. The market secured a market value of USD 1,081.6 million, showcasing a decline of 2.9% in growth in 2020 compared to the average year-on-year growth during 2016-2019.

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