Press Release

Global Advanced Wound Care Market to Witness Substantial Growth of Around 7.52% During 2024-2030

The Global Advanced Wound Care Market is projected to grow at a CAGR of 7.52% during the forecast period of 2024-30, cites MarkNtel Advisors in the recent research report. The rising incidences of chronic & acute wounds and increasing invasive & non-invasive surgical procedures across the globe are the factors responsible for the Global Advanced Wound Care market growth.

Over the years, the geriatric population globally has increased significantly. These elderly individuals have low healing capabilities owing to which the wound healing takes relatively more time. Therefore, to accelerate tissue repairing, the doctors ensure to use the advanced wound care products, enlarging the Global Advanced Wound Care market size. Additionally, individuals suffering from diabetes also suffer from foot ulcers, which negatively impact the mobility of the person. This necessitates medical intervention, hence there is a higher demand for these products across the globe.

Furthermore, the poor road infrastructure of a few countries and overspending are resulting in higher road accidents. These accidents result in serious issues that require effective treatment solutions. Therefore, doctors necessarily use advanced wound care products, like collagens, foams, and combination dressings with antimicrobials.

Also, advanced wound care companies are making significant advancements in healthcare to encourage the development of smart wound care solutions. These solutions would have unique attributes that would gain the interest of several patients, boosting market growth in the forecast period.

Moreover, the governing authorities and private entities are launching awareness programs to promote evidence-based medical practices. This would further mark the importance of proper wound care management, leading to the rapid adoption of advanced wound care products & therapies during 2024-2030., further states the research report, “Global Advanced Wound Care Market Analysis, 2024.”

Global Advanced Wound Care Market Segmentation Analysis

Advanced Wound Dressing Leads the Global Wound Care Market

Based on the Product Type segment, the market is further bifurcated into, Advanced Wound Dressings, Surgical Wound Care, and Wound Therapy Devices. Of them all, the Advanced Wound Dressings segment holds the largest market share. These wound care products are made up of materials that facilitate tissue repair. Additionally, these dressings offer superior capabilities compared to traditional wound dressings and are developed to create an optimal healing environment. As a result, these wound care products are emerging as popular choices among patients.

Further, advanced wound care companies are increasingly launching advanced wound care products, including foams, impregnated gauzes, honey, and silver dressings with antimicrobial properties and bioactive components. These attributes would contribute to faster and more effective wound healing. Therefore, the patients would continue to opt for these dressings for improved outcomes, uplifting the Global Advanced Wound Care market in the forecast years.  

Asia-Pacific Dominates the Global Advanced Wound Care Market

Geographically, North America holds a notable market share in the Global Advanced Wound Care Market. North American countries have well-established healthcare infrastructure. As a result, the medical practitioners in the region tend to offer highly advanced treatment solutions, contributing to market growth. Additionally, the genZ in these North American countries are increasingly getting influenced by celebrities. As a result, they are undergoing cosmetic surgeries. These surgical procedures result in wounds, therefore, these requirements for advanced wound care products amplify the Global Advanced Wound Care Market. Additionally, the governing authorities in the region are increasingly allocating substantial funds to modernize the treatment facilities offered to the inhabitants. This would consequently augment the need for advanced therapeutic wound care devices, enlarging market size in the forecast years.

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market players, including Smith & Nephew, Acelity, Coloplast, ConvaTec, Organogenesis, Molnlycke, Hartman, 3M, Others are looking forward to strengthening their market position.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the globe?
4. How has the industry been evolving in terms of geography & product adoption?
5. How has the competition been shaping across various regions?
6. How has the buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2019-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?