The global advance wound care market was valued at US$ 10 billion in 2019 and is expected to grow 1.4 times by 2030, reaching nearly US$ 15 billion. Because of the high prevalence of chronic wounds, the use of advanced wound care products has increased. In hospitals, wound cleansers, foam dressings, and honey dressings are driving revenue growth in the global advance wound care market. Diabetic ulcers have increased rapidly in the last decade, according to the IDF. According to the IDF, the prevalence of diabetic ulcers is increasing by 9% per year.
The COVID-19 pandemic is expected to boost market opportunities for advanced wound care. The pandemic has infected nearly six million people and killed over 350,000 people since its inception. Patients with chronic illnesses, such as diabetes, are particularly vulnerable to infection. As a result, taking care of such patients has taken precedence. ConvaTec Group plc, a leading manufacturer, has increased production of hydro fibres used to treat diabetic foot ulcers.
Key Findings from the Global Advance Wound Care Market Research
· Wound cleansers accounted for a significant value share in the global advanced wound care market by product type. This is primarily due to the increased demand for wound cleansers prior to dressing.
· North America and Europe will account for 70% of the global advanced wound care market. East Asia and South Asia are expected to have significant CAGRs due to the expansion of advanced wound care manufacturing facilities in these regions.
· Because of the high healthcare infrastructure and large patient pool visiting hospitals, the hospitals segment end user dominated the global advance wound care market.
· The United States is the most profitable market for Advanced Wound Care, followed by Germany. While China is expected to grow significantly due to the ease of use and low cost of advanced wound care products.
To learn more about the advanced wound care market, go to - https://www.factmr.com/report/4822/advance-wound-care-market
