Advanced wound care includes products for treating acute and chronic wounds such ulcers, burns, and post-operative wounds. Advanced wound care treatments including film and foam dressings, hydrogels, alginates, and hydrocolloids keep the wound wet and promote healing without impeding it. Patients with chronic wounds can benefit from the advanced wound care industry, which provides them with easily accessible and competitively priced items that can be utilized at their leisure.
The global advance wound care market was valued at US$ 10 Bn in 2019 and is poised to expand 1.4x by 2030, to reach a value pool of almost US$ 15 Bn
COVID-19 Impact on Global Advanced Wound Care Market
The emergence of the COVID-19 pandemic has changed the delivery of medical care around the world. The increased pressure due to the rising rate of hospitalization of COVID-19 patients had led to the re-designation of many hospitals and departments to treat patients with COVID-19. As a result, many elective surgeries were canceled or postponed around the world to reserve or redirect the limited capabilities and resources available (such as hospital beds and patient care professionals) for COVID-19 patient care.
On the other hand, the pandemic has caused supply chain disruptions, affecting the global medical device industry. The pandemic has adversely affected global financial expectations, supply chain, operations and crisis response plans. Manufacturers of advanced wound care products have faced disruptions due to the spread of COVID-19, leading to lockdowns and travel restrictions. Manufacturing of advanced wound care products was hit hard as major economies were severely hit by the spread of the COVID-19 infection. The players operating in the market are tweaking their long-term and short-term growth strategies by tapping the research market and developing innovative products to combat the pandemic. Even though the impact of COVID-19 on the advanced wound care market is moderate as compared to other medical device markets, timely development and implementation of contingency plans for business operations and key imported raw materials is critical.
As a result, advance wound care has become a top priority. Wound care centers play an important role in the local health community by providing timely treatment to prevent the spread of open wound infections. Since wound care involves physical contact with patients, it is imperative for doctors and surgeons to take basic precautionary measures such as sterilizing surgical instruments, sanitizing and washing hands, and wearing surgical masks and gloves.
Drivers: increasing prevalence of diseases and conditions affecting wound healing
Physical health conditions, such as acute wounds, chronic wounds and surgical wounds, have a negative impact on wound healing. The prevalence of acute, chronic and surgical wounds has increased significantly over the past decade, mainly due to a growing global geriatric population, increasing traumatic wounds, increasing number of surgeries and increasing prevalence of conditions such as obesity and diabetes. Diabetes and obesity can increase the overall incidence and complication of wounds such as infection, ulceration (ulcers of the foot or foot), and chronic wounds, which require treatment (advanced wound management) and incur exorbitant medical expenses.
Various advanced wound care products, such as hydrophilic foam dressings, hydrogels, hydrofibers and alginates, which can absorb up to 20 times their own weight, enable faster and more effective recovery from these conditions. Generally, abscesses can be drained through incisions. As the incisions on the plantar surface gradually heal, this allows for a longer period of immobilization. This will stimulate the demand for advanced wound management for drainage and faster healing of wounds, thereby fueling the demand for advanced wound care products.
For more information about this report https://www.factmr.com/report/4822/advance-wound-care-market
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