The increased prevalence of chronic wounds, ulcers, and diabetic ulcers, as well as an increase in the volume of surgical procedures worldwide, are driving the wound dressing market forward.
In 2020, the worldwide Wound Dressing Market was worth USD 15.25 billion. COVID-19's global impact has been unprecedented and catastrophic, with wound care seeing a drop in adoption rates across all regions during the pandemic. According to our calculations, the global market will fall by -2.8 percent in 2020. During the period 2021-2028, the market is expected to increase at a CAGR of 6.1 percent, from USD 15.84 billion in 2021 to USD 24.01 billion in 2028. The abrupt increase in CAGR is due to the demand and expansion of this market, which will return to pre-pandemic levels once the pandemic is gone.
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