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Smart Bandages Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2026

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Smart medical digital solutions like smart bandages can transform your smartphones and watches into effective wound healing partners. Smart bandages are designed with inbuilt pH and temperature sensors that are capable of electronically delivering m
Title:
Smart Bandages Market Global Trends, Market Share, Industry Size, Growth,
Opportunities, and Market Forecast 2019 to 2026
Smart medical digital solutions like smart bandages can transform your smartphones
and watches into effective wound healing partners. Smart bandages are designed
with inbuilt pH and temperature sensors that are capable of electronically delivering
medication with temporal and spatial control over the wounded area. Clinical trials
for these lab-tested smart bandages are already slated and in progress. Chronic
wounds healing in amputation treatments, diabetics patients, burns and trauma
cases, as well as treatments for wounded soldiers in the battlefield can be optimized
in terms of real-time tissue repair regeneration process with smart bandages.
Smart bandages allow 24/7 wound healing management by sensing, analysing,
dispensing medication and reporting progressions in the form of alerts to the
healthcare professional and patient.
Presently smart bandages are in clinical trials and are expected to launch by the later
phase of the forecast period, 2019-2026. During the first half of the forecast period
the market is expected to witness high R&D investments.
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Global Smart Bandages Market Trends
> 3D Printing to play an important role in the manufacturing of smart bandages. The
flexible 3D printed strata need to be customized for thermo-sensors, pH sensors
antibiotic microbeads and hydrogel to placed accurately depending on wound type
being healed. Hence would be instrumental in tailoring the treatment protocol
depending on individual patient’s needs.
> Smart bandages market would rely on automated and semi-automated systems
requiring high speed resilient wireless network bandwidth. Hence smart bandages
manufacturers will have to thoroughly test their products especially for monitoring
and reporting functions if they wish to lead the market.
> The R&D investments will be done in excess as researchers have only successfully
tested the smart bandages in vitro and pre-clinical studies being conducted are yet to
prove a holistic clinical advantage in improving healing to traditional passive
bandages.
Companies launching the smart bandages with cost-effective pricing would gain
added advantages as compared to their competitors in the global smart bandages
market.
> Increased support from government and military departments to support the
implementation of smart technologies in wound healing management.
Rising need to provide an alternative to reusable components for smart bandages
that are costly like microprocessors. Smart Bandages offers a potential opportunity
for innovators and expected to boost the growth of smart bandages market during
the forecast period.
Global Smart Bandages Market, by Application Type:
• Surgical Wound Treatment
• Sports Injury
• Burn Injury
• Other Injuries
Due to rising need for surgeries in patients suffering from various medical conditions
and burns being common during casualties surgical wound healing and burn injuries
segment would dominate the smart bandages market. However, rise non-invasive
surgical process can hinder the growth of smart bandages surgical wound treatment
market.
Global Smart Bandages Market, by Distribution Channel:
• Retail Pharmacies
• Hospital Pharmacies
• Clinics
• Trauma Centers
Global Smart Bandages Market, by Region:
• Europe
• North America
• APAC
• Latin America
• Rest of World
North America smart bandages market is expected to account a major share in the
global market due to high penetration among the service sectors. It was followed by
the European region and it also accounts significant share over the forecast period.
High prevalence of diabetes in Asia Pacific region is expected to create a potential
opportunity space for smart bandage market. Latin America and Rest of the world
market are expected to account a small fraction of market share due to less
adoption.
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Competitive Landscape:
• Tier 1 players- established companies in the market with a major market share
• Tier 2 players
• Emerging players which are growing rapidly
• New Entrants
FutureWise Key Takeaways
• Growth prospects
• SWOT analysis
• Key trends
• Key data-points affecting market growth
Objectives of the Study:
• To provide with an exhaustive analysis on the global smart bandages market on
the basis of application type, distribution channel, and region
• To cater comprehensive information on factors impacting market growth (drivers,
restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)—North America,
Europe, Asia Pacific, Latin America, and the Middle East
• To record evaluate and competitive landscape mapping- product launches,
technological advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financials and
core competencies
Inquire further details about this report at: [email protected]
About FutureWise Research:
We specialise in high-growth niche markets, assuring flexibility, agility and
customised solutions for our clients. Through in-depth market insights and
consultancy, we present our clients with the tools they need to be at the forefront of
their industry – a position secured for far more than the near future.
Contact Us:
Company Name: FutureWise Research
Contact Person: Vinay Thaploo
Email: [email protected]
Phone: +44 141 628 9353 / +1 970 279 4295
City: Leeds
Country: United Kingdom
Website: www.futurewiseresearch.com
Author
Merin John
Merin John177   documents Email
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