The global Wound Care Market size is anticipated to reach USD
29.57 billion by 2030, registering a CAGR of 4.12% during the forecast period,
according to a new report by Grand View Research, Inc. Increasing number of
surgical cases, rapidly aging population, as well as rising number of diabetic
patients, are among the major factors driving the market growth. For instance,
according to Ageing Asia, in 2019, more than 139 million people i.e., about 10%
of the total population, in India were over the age of 60 years. The number is
expected to increase to 19.5% by 2050. Elder people are more susceptible to
wounds, and thus, an increasing number of geriatric population is anticipated
to propel the market growth. Obesity is a major health concern that leads to
several other diseases or complications, such as diabetes and Cardiovascular
Diseases (CVDs).
As per the WHO, in 2016, over 1.9 billion adults were
overweight, out of which, around 650 million people were obese and around 2.8
million people die each year due to obesity. Such instances are expected to
increase the demand for bariatric procedures and other related surgeries,
thereby, propelling the market growth. Furthermore, with the introduction of
the COVID-19 vaccine, and the lifting of lockdown impositions, the market
is expected to witness rapid growth in the coming years. Many elective
surgeries, which were postponed are expected to take place. In addition, many
leading manufacturers are introducing new products, which may help them capitalize
on the increasing demand for wound care products during the forecast period.
Related Press Release@ Wound Care Market Report
Wound Care Market Report
Highlights
- The advanced wound dressing product segment dominated the market
accounting for the maximum revenue share in 2021, owing to a rise in the
number of diabetic pressure ulcer patients
- Based on active wound care, the biomaterials segment
dominated the market and is expected to expand a considerable CAGR from
2022 to 2030
- This growth can be attributed to rapid technological advancements
and a rise in the number of burn cases across the globe
- Based on application, the chronic wound segment is likely to
witness the fastest CAGR during the forecast period owing to increasing cases
of traumatic injuries
- The hospital end-use segment dominated the market in 2021 owing to
the high volume of surgical site infections among patients in hospitals
- On the other hand, the home healthcare segment is anticipated to
witness the fastest CAGR during the forecast period
- North America was the dominant regional market in 2021 due to the
increased volume of surgical procedures and technological advancements
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