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Advanced Wound Care Market Growth Drivers, Top Companies, and Trends Analysis Report
In 2021, the advanced wound care market was worth around $8.05 billion, and it is predicted to advance at a 5.8% CAGR from 2021 to 2030, to hit $13.4 billion. This is because of the surging count of injuries due to surgery and other reasons and the increasing cases of diabetes.Get the sample pages of this report: https://www.psmarketresearch.com/market-analysis/advanced-wound-care-market/report-sample
Advanced wound dressing accounts for the largest share, owing to the growing incidence of healthcare-related infections and surging awareness among the population of their effects. Moreover, the growing incidence of pressure ulcers, venous ulcers, and diabetic ulcers is escalating the growth of the category.
Further, because of the increasing prevalence of venous pressure ulcers and diabetic foot ulcers, the chronic wounds category is projected to grow at a higher CAGR, of around 5.9%, in the coming years. For instance, more than 2 million diabetics have foot ulcers in the U.S. annually.
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With a market share of over 40%, hospitals led the market in 2021. This was due to the comprehensive care that patients with wounds receive from trained personnel in inpatient hospital facilities.
Moreover, due to the trend of home isolation brought on by the COVID-19 pandemic and surge in the senior population, the home healthcare category is predicted to register the highest rate of growth, of more than 6%, in the future.
Half way across earth, the aging population, growing diabetes prevalence, and rising burn cases are set to drive the product demand in APAC at the highest CAGR. In addition, the increase in the chronic illness prevalence brought on by the changing lifestyles is driving this growth in the region.
The qualities of many dressings are combined to create a combination dressing, which performs better than the separate products. For diabetic foot ulcers, infected injuries, and pressure ulcers, silver-alginate, silver-collagen, and collagen-hydrochloride combination dressings are frequently utilized.
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