Global Wound Care Market Revenue Approximate by 2022 It is expected to reach US$ 27.2 billion by 2027, with a compound annual growth rate of 5.4% from 2023 to 2027. The rising cost of care due to global aging will also drive the growth of this market.

Dynamics of Wound Care Market:

The incidence of diabetes has increased significantly in recent years and healthcare professionals prefer to use advanced wound care products to help wounds heal faster, therefore, the increase in the number of diabetic patients is expected to increase the use of advanced wound care products. In addition, these products facilitate the absorption of necrotic tissue, which is effective in cases of surgical site infection.

Countries have opened international borders as a vaccine is developed, so supply chains are expected to normalize in the post-pandemic period. The advanced wound care market is expected to grow at a moderate rate in the post-pandemic period owing to the increase in the number of diabetic foot ulcers and the earlier postponement of elective surgeries.

Product Insights :

chronic wounds and surgical wounds, where specialized treatments are also offered in hospitals and outpatient clinics, also makes the hospital and clinics segment accounted for the largest share of the wound market, where traditional wound care products are most commonly used as primary or secondary dressings to protect wounds from contamination. Traditional wound care products include gauze, cotton wool, and cotton dressings. Advanced wound care products and devices promote oxygen flow to the wound while providing a moist healing environment to help the wound heal quickly. Some of the most advanced wound care products include hydrogels, films, foams, hydrocolloids, alginates, sponges, and fabrics. Benefits of using advanced wound care products include shorter healing times, lower risk of infection, and less patient suffering.

New Opportunities (Regions):

From a geographical perspective, increasing demand for acute and chronic disease care in the Asia Pacific in recent years is also expected to drive the growth of this market.

The global advanced wound care market is an emerging market that is expected to gain further momentum in the coming years.