Wound Care Market Anticipated To Reach USD 36.75 Billion By 2030Posted by Neha Bora on January 16th, 2024 San Francisco, 16 Jan 2024: The Report Wound Care Market Size, Share & Trends Analysis Report By Application (Chronic, Acute), By End-use (Hospitals, Nursing Homes), By Product (Advanced, Traditional), By Distribution Channel, By Mode of Purchase, And Segment Forecasts, 2024 - 2030 The global wound care market size is projected to reach USD 29.57 billion by 2030, registering a CAGR of 4.17% from 2024 to 2030, according to a new report by Grand View Research, Inc. Rising volume of surgical procedures, a rapidly aging population, as well as growing number of diabetic patients, are among the major factors driving market’s growth. For instance, according to Ageing Asia, as of 2019, more than 139 million people, i.e., about 10% of India’s total population, were aged over 60 years. This number is expected to increase to 19.5% by 2050. The geriatric population is more susceptible to wounds, and thus, with an increasing geriatric population, the market is anticipated to expand during the forecast period. The market has seen significant technological advancements in recent years, leading to the development of new and innovative products for treating various types of wounds. Naturally occurring proteins, which stimulate cell growth and division, can be used in wound care to promote healing and tissue regeneration. For example, platelet-derived growth factor (PDGF) is effective in promoting the healing of chronic wounds. 3D printing technology has revolutionized the production of custom-made wound care products, such as prosthetic limbs, orthotics, and wound dressings. Many leading manufacturers are undergoing strategic initiatives, such as product launches, partnerships, and geographic expansions, which may help them capitalize on the rising product demand. For instance, Human Biosciences planned on launching two new wound care products in the Indian market. The launch of these products is expected to help the company capture the post-pandemic market in India. Similar initiatives by other players are anticipated to boost market growth. Access Research Report of Wound Care Market @ https://www.grandviewresearch.com/industry-analysis/wound-care-market Wound Care Market Report Highlights
Wound Care Market Report Scope
List of Key Players in Wound Care Market
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