Advanced Wound Care Industry Will Reach USD 13.4 Billion by 2030

Posted by Aryan on June 26th, 2023

The global advanced wound care market is projected to be worth USD 13.4 billion by 2030, growing at a CAGR of 5.8%. This growth can be attributed to the growing occurrence of surgical and other kinds of wounds throughout the globe. Furthermore, the advancing medicinal safety standards are projected to support the domain development in the coming few years.

In recent years, the advanced wound dressing category had the largest advanced wound care industry share. This is mainly because of the rising incidence of healthcare-related infections and growing consciousness among patients on their impacts.

Furthermore, the growing occurrence of several kinds of ulcers, including venous ulcers, diabetic ulcers, and pressure ulcers, is rising the category’s development. This kind of dressing offers a humid microenvironment, permits gaseous exchange, and avoids infection, to help healing.

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In the past few years, North America held the highest advanced wound care market share, of above 43%, credited to the growing elderly populace and the rising occurrence of obesity, burns, diabetes, and road accidents. The elderly populace is more vulnerable to illnesses because of its low immunity and retrieval power, which results in the growing usage of advanced wound care items.

Furthermore, the existence of major players, high healthcare expenditure, and a surge in R&D activities in the continent are boosting market development.

APAC is projected to experience the highest CAGR in the coming few years, because of the elderly populace, growing diabetes occurrence, and a growing number of burn cases. The surge in the item demand can also be credited to the altering lifestyles, which have amplified the occurrence of chronic illnesses.

The other reasons are accountable for the regional development are the revolutions in wound healing biologics and the growing participation of private and public organizations in spreading awareness of the new methods of healing wounds.