Wound Care Biologics Market Growth, Growth Demand, Size, Key Drivers, Forecast To 2033

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Wound Care Biologics Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $2.71 billion In 2028 At A CAGR Of 8.8% :

The wound care biologics market size has grown strongly in recent years. It will grow from $1.76 billion in 2023 to $1.93 billion in 2024 at a compound annual growth rate (CAGR) of 9.5%. The growth in the historic period can be attributed to clinical evidence and studies, regulatory framework development, wound care market evolution, limited treatment options, research and development efforts.

The wound care biologics market size is expected to see strong growth in the next few years. It will grow to $2.71 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to focus on personalized medicine, rise in healthcare expenditure, value-based healthcare models, growing demand for advanced therapies, regulatory support and approvals. Major trends in the forecast period include regenerative medicine emphasis, bioengineered skin substitutes, innovative delivery systems, rise in chronic wound management, patient-centric care.

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Wound Care Biologics Market Major Segments
The wound care biologics market covered in this report is segmented -

1) By Product: Biologic Skin Substitutes, Topical Agents
2) By Wound Type: Ulcers, Surgical, Traumatic Wounds, Burns
3) By End User: Hospitals, Ambulatory Surgery Center (ACS), Burn Centers, Wound Clinics

Key Driver - Rising Prevalence Of Diabetes To Drive Market Growth

The high prevalence of diabetes is expected to propel the growth of the wound care biologics market in the coming future. diabetes is a chronic metabolic condition characterized by high levels of blood glucose (or blood sugar), which causes catastrophic damage to the heart, blood vessels, eyes, kidneys, and nerves over time. Biological wound care prevents volatile water loss, heat loss, protein and electrolyte loss, and contamination. They also allow autolytic debridement and produce a granular wound layer. The high prevalence of diabetes is one of the factors driving the growth of the wound care biologics market. For instance, in December 2021, according to the IDF Diabetes Atlas Tenth Edition 2021 report published by the International Diabetes Federation, a Belgium-based umbrella organization of national diabetes associations, 537 million persons (20-79 years old) were estimated to have diabetes in 2021. By 2030, there will be 643 million diabetics worldwide, and by 2045, there will be 783 million. Therefore, the high prevalence of diabetes is driving the wound care biologics market.

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Prominent Trend - Product Innovations Transforming The Wound Care Biologics Market

Product innovation is a key trend gaining popularity in the consumer and wound care biologics market. Major companies operating in the wound care biologics market are focused on developing innovative products with advanced technologies to strengthen their position in the market. For instance, in April 2021, Kerecis, a US-based company used to treat wounds, burns, and other complex acute and chronic wounds, launched its Kerecis Omega3 GraftGuide. This fish skin is whole and specifically addresses the difficulties of burn healing. The product improves autograft take, lessens the need for autograft harvesting, and even serves as an alternative to autografting. The FDA approves it under the 510(k) regulatory procedure.

Wound Care Biologics Market Players
Major companies operating in the wound care biologics market report are Integra Lifesciences Corporation, Organogenesis Inc., Smith and Nephew plc, Wright Medical Group NV, MiMedx Group Inc., Kerecis AG, Amnio Technology LLC, Anika Therapeutics Inc., ACell Inc., Derma Sciences Inc., Soluble Systems Pvt. Ltd., Medline Industries LP, Solsys Medical LLC, Zimmer Biomet Holdings Inc., MLM Biologics Inc., Tissue Genesis LLC, Stryker Corporation, Marine Polymer Technologies Inc., Bioventus Inc., Mölnlycke Health Care AB, Lynch Biologics LLC, Skye Biologics Holdings LLC, Osiris Therapeutics Inc., Vericel Corporation, TissueTech Inc., PolarityTE Inc., Avita Medical Limited, Celularity Inc., Human Regenerative Technologies LLC, PolyRemedy Inc.

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Largest And Fastest Growing Region In The Market
North America was the largest region in the wound care biologics market in 2023. Asia-pacific is expected to be the fastest-growing region in the global wound care biologics market report during the forecast period. The regions covered in the wound care biologics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Wound Care Biologics Market Report Structure
3. Wound Care Biologics Market Trends And Strategies
4. Wound Care Biologics Market - Macro Economic Scenario
5. Wound Care Biologics Market Size And Growth
…..
27. Wound Care Biologics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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