Market Intelligence and Growth Potential in the Active Wound Care Market

The active wound care market size has grown strongly in recent years. It will grow from $1.44 billion in 2023 to $1.55 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to increasing incidence of chronic wounds, rise in surgical procedures, prevalence of diabetes, patient preference for non-invasive treatments, government initiatives for wound care, awareness programs on wound management, growing focus on home healthcare.

The active wound care market size is expected to see strong growth in the next few years. It will grow to $2.09 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to global initiatives for wound healing, increasing geriatric population, personalized medicine approaches, demand for faster healing solutions, wound care in developing countries. Major trends in the forecast period include advanced wound dressings adoption, technological innovations in wound care products, bioactive and biodegradable materials, telemedicine and remote patient monitoring, economic considerations and cost-effective solutions.

Market Overview -
The active wound care refers to a procedure to remove devitalized and necrotic tissue to promote healing. Active wound-care products include specialized dressings such as films, foams, and hydrogels that provide a physical barrier against infection. Its purpose is to debride damaged skin tissues, control infection and pain, and stimulate new tissue growth.

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Active Wound Care Market Surges Amidst The Rising Global Diabetic Population
The rising number of diabetic patients worldwide is expected to propel the growth of the active wound care market going forward. Obesity is a condition that arises from having excessively high blood glucose, which causes sores and ulcers, thus increasing the risk of infections and other severe complications. Through active wound care treatment, the patient gets into a healing process with a planned approach by applying various solutions and treatments to wounds, thus increasing the demand for active wound care. For instance, in December 2021, according to the report published by the IDF (International Diabetes Federation) on diabetes, there are 537 million adults (20-79 years old) living with diabetes around the world. This figure is expected to increase to 643 million by 2030 and 783 million by 2045. Furthermore, diabetes caused 6.7 million deaths in 2021. Therefore, the rising number of diabetic patients and deaths will drive the growth of the active wound care market.

Competitive Landscape -
Major companies operating in the active wound care market report are Smith & Nephew plc, MiMedx Group Inc., Tissue Regenix Group, Organogenesis Inc., Acell Inc., Integra Life Sciences Holdings Corporation, Solsys Medical LLC, Osiris Therapeutics Inc., Cytori Therapeutics Inc., Human BioSciences Inc., Wright Medical Group NV, Mölnlycke Health Care AB, Medline Industries Inc., AVITA Medical Inc., ConvaTec Inc., Stryker Corporation, 3M Company, Acelity L.P. Inc., B. Braun Melsungen AG, BSN Medical GmbH, Cardinal Health Inc., Celularity Inc., Coloplast A/S, Hill-Rom Holdings Inc., Hollister Incorporated, Johnson & Johnson Inc., Lohmann & Rauscher GmbH & Co. Kg, Medtronic PLC, PAUL HARTMANN AG, Adynxx Inc., Derma sciences Inc., Baxter International Inc., Axio Biosolutions

Accel-Heal's Innovations Sparking A Revolution In Active Wound Care Solutions
Product innovation has emerged as the key trend gaining popularity in the active wound care market. Major companies operating in the active wound care market are focused on developing regenerative wound therapy and electrical stimulation technology as new solutions to meet market demand. For instance, in January 2022, Accel-Heal Technologies Limited, a UK-based company engaged in electrical stimulation products, launched Accel-Heal, an electrical stimulation wound therapy device. The wearable electrical stimulation device Accel-Heal is easy to use and speeds up the healing of chronic wounds. Accel-Heal helps electrical stimulation wound therapy become more widely used. Patients can use the 12-day therapy in the ease and comfort of their own homes. Accel-Heal can be used on all forms of chronic wounds, including those that are challenging to dress, like diabetic foot ulcers, and can be used in conjunction with current dressing regimens. More patients are now able to get therapy with more personal freedom because of this breakthrough. Additionally, Accel-Heal enables healthcare professionals to combine the therapy with their chosen dressing regimens, greatly reducing the number of nursing visits needed for each patient.

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Key Segments -

The active wound care market covered in this report is segmented -

1) By Product: Biomaterials, Skin-substitutes, Synthetic Skin-substitute, Growth Factors
2) By Indications: Burns, Diabetic Foot Ulcers, Pressure Ulcers, Lower Limb Ulcers
3) By Application: Chronic Wounds, Acute Wounds
4) By End-User: Hospitals, Clinics, Home Care Settings, Other End-users

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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