The global advanced wound care market size reached USD 10.4 Billion in 2020 and is expected to reach USD 21.77 Billion in 2028 and register a CAGR of 9.7% over the forecast period, according to latest analysis by Reports and Data. Growing demand for novel and advanced wound care products due to rising incidences of trauma and burns injuries across the globe is one of the primary factors driving the advanced wound care market revenue growth. Additionally, robust technological advancements in wound care products, several government initiatives to improve healthcare infrastructure, and rising funding for wound care research worldwide are some other crucial factors contributing to the revenue growth of the global market.
Advanced wound dressings are impermeable to microorganisms like bacteria, and speed up the healing process of wounds. This wound care is developing as a standard solution, especially for treating chronic wounds. Demand for advanced wound care products is increasing at a significant extent in the medical facility, and these products are also replacing other traditional wound care products, due to their efficiency & effectiveness in managing severity of wounds by enabling faster healing. Furthermore, advanced wound care aids in maintaining a hydrated environment, keeping the temperature consistent, allowing flow of oxygen, and also protecting the injured site from exogenous infection. These products include hydrogels, hydrocolloids, film & foam dressings, alginates, etc. Growing number of surgical procedures to treat different chronic ailments as well as injuries including complexed nonhealing wounds are further augmenting demand for advanced wound care products, thus, driving the revenue growth of the global market.
High cost of advanced wound care products may negatively affect their adoption for treating chronic wounds, in turn, impeding overall revenue growth of the global market. Moreover, rising preference of physicians and patients in bioengineered dressings, along with demand for traditional and basic wound care products due to their low costs is also posing challenge in the global market revenue growth.
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For the purpose of this report, Reports and Data has segmented the global advanced wound care market on the basis of product, wound type, end use, and region:
Product Outlook (Revenue, USD Billion, 2018 – 2028)
Wound Type Outlook (Revenue, USD Billion, 2018 – 2028)
End Use Outlook (Revenue, USD Billion, 2018 – 2028)
Key Regional Markets:
Key findings in the report:
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