Active Wound Care Market is estimated to witness surging demand at a CAGR of 5.15% by 2029

Market Analysis and Size

Advanced wound dressing is largely used for the treatment of chronic and non-healing wounds. Therefore, rising in number of chronic wounds such as diabetic foot ulcers is estimated to help the wound care market to grow. The diabetic foot ulcer is expected to acquire traction as a growing number of people get the condition as a result of the rising prevalence of diabetes. Foot ulcers are one of the most common and feared consequences of diabetes in impoverished countries. According to the International Diabetes Federation (IDF), there are currently over 460 million persons aged 20 to 79 living with diabetes globally, with this number anticipated to climb to 700 million by 2045.

The advanced wound care products segment held the greatest proportion of the market. Advanced wound care solutions are becoming more popular as a first line of treatment. Data Bridge Market Research analyses that the physical therapy market was valued at USD 1664.63 million in 2021 and is further estimated to reach USD 2487.67 million by 2029, and is likely to grow at a CAGR of 5.15% during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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