The advanced wound care market will reach at a value of USD 13.4 billion by 2030, powering at a rate of 5.8% by the end of this decade. This has a lot to do with the increasing occurrence of surgical and other injuries at a global level. Furthermore, the improving medical safety standards will aid the domain growth in the years to come. 

The advanced wound dressing category led the industry in the past. This is because of the increasing incidence of healthcare related infections and growing consciousness amongst patients on their effects. 

Additionally, the growing incidence of different kinds of ulcers like pressure ulcers, venous ulcers, and diabetic ulcers, is escalating the growth of this category. This dressing offers a moist microenvironment, lets vaporous exchange, and preventing infection, for promoting healing. 

The acute wounds category had the larger revenue share, of over 55%, in 2021, as a result of the increasing occurrence of numerous traumatic injuries, as well as from road accidents. Furthermore, recently, there is an increase in the incidence of non-fatal injuries requiring correct medical attention in the U.S.  

The chronic wounds will observe the higher rate, of about 5.9%, by the end of this decade, driven by the increasing occurrence of diabetic foot ulcers and venous pressure ulcers. For example, over 2 million people in the U.S. have diabetic foot ulcers each year. 

Hospitals dominated the advanced wound care market in 2021, with over 40% share. This was because of the particular facilities that are offered to patients suffering from wounds by a trained staff in inpatient hospital settings.  

Furthermore, the increasing count of patients being admitted to hospitals for treating chronic bruises, the increasing count of people with HAIs, and the growing count of surgeries being accomplished in hospitals are supplementing the growth of the category. 

The home healthcare category will register the highest rate, of over 6%, in the years to come, because of the rise in the acceptance of this method to healthcare as a result of the pandemic and an increase in the elderly population. 

North America led the industry with over 43%, in 2021, because of the growing elderly population and the growing count of burns, obesity, diabetes, and road accidents. The elderly populace is more vulnerable to diseases as a result of its low immunity and recovery power, resulting in the growing use of cutting-edge wound care products. 

Due to the increasing medical safety standards all over the world, the demand for advanced wound care products is on the rise. This trend will continue to grow in the years to come as well. 

SOURCE: P&S Intelligence