Wound Care Market accounted for US$ 17.98 billion in 2020 and is estimated to be US$ 37.15 billion by 2030 and is anticipated to register a CAGR of 7.50%. Wound care encourages and speeds wound healing via cleaning and protection from reinjury or infection. Depending on each patient’s needs, it can range from the simplest first aid to entire nursing specialties such as wound, ostomy, and continence nursing and burn center care. X-rays may be taken to look for broken bones (fractures). X-rays may also be helpful in looking for foreign objects that may have been embedded in the laceration. Fluoroscopy done at the bedside may help find foreign bodies that are deeply buried. Ultrasound may also be used to assist in diagnosis of foreign bodies in the wound. Fluoroscopy and ultrasound are only available in the emergency department and hospitals.
The report “Global Wound Care Market By Product type (Advanced Wound Care Products, Surgical Wound Care Products, and Traditional Wound Care Products), By End-User (Hospitals, Clinics, and Others), and By Region (North America, Latin America, Europe, Middle East, Asia Pacific, and Africa) – Trends, Analysis and Forecast till 2030”
• In 2019, Axio Biosolutions has launched MaxioCel, a next generation wound care dressing made of chitosan.
• In 2021, Medline has launched a new series of chronic wound care courses designed to enhance clinical knowledge of chronic wounds.
Physical health conditions, like acute wounds, chronic wounds, and surgical wounds, have a negative effect on the wound healing process. The prevalence of acute, chronic, and surgical wounds has increased significantly over the past decade, primarily thanks to the growing global geriatric population, rising traumatic wounds, increasing number of surgeries, and therefore the increasing prevalence of conditions like obesity and diabetes. Diabetes and obesity may result in an increased overall incidence and complexity of wounds like infections, ulcerations (leg or foot ulcers), and chronic wounds, which require treatments (wound management) and incur exorbitant medical expenses.
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Key Market Insights from the report:
The Global Wound Care Market accounted for US$ 17.98 billion in 2020 and is estimated to be US$ 37.15 billion by 2030 and is anticipated to register a CAGR of 7.50%. The global wound care market report segments the market on the basis of product, type, end user, and region.
• Based on product type, the Global Wound Care Market is segmented into the Advanced Wound Care Products, Surgical Wound Care Products, and Traditional Wound Care Products.
• By end-user, the target market is segmented into Hospitals, Clinics, and Others.
• By region, the Global Wound Care Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominates the Global Wound Care Market in terms of revenue contribution as related to that of markets in other regions.
Some of the major players in the global market of Wound Care include Acelity L.P. Inc., Smith & Nephew plc, Mölnlycke Health Care AB, ConvaTec Group Plc, Baxter International Inc., Coloplast A/S, BSN medical GmbH, Organogenesis Inc., DeRoyal Industries, Inc. and Ethicon, Inc.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.