Press release
Wound Healing Supplement Market to Rise at CAGR of 7.5% to Reach US$ 46.34 Billion by 2034: Fact.MR Study
Wound Healing Supplement Market
Chronic diseases like diabetes, vascular conditions, and obesity result in wounds that fail to heal or take a long time to heal, which is escalating the need for the application of supplements that accelerate the healing process. For these patients, nutritional supplementation is turning into a requirement, which is fueling demand for particular wound rehabilitation products.
Market expansion is planned to rise because of reasons, including the fast-increasing geriatric population, increasing diabetes prevalence, technologically advanced wound healing supplements, investment in wound care research, rising awareness of wound care, and the rising awareness for the employment of the nutritive supplements.
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What is Driving Demand for Wound Healing Market?
The incidence of chronic wounds has grown tremendously over the years, primarily because of the rising global geriatric population and the growing patients of obesity and diabetes.
Obesity and diabetes lead to a higher overall incidence and severity of wounds, including infections, ulcerations (leg & foot ulcers), and surgical wounds, which demand treatments and result in astronomical medical costs, this is having a positive impact on the demand for wound healing.
According to the Nanjing University Medical School Article, the Prevalence of individuals with diabetic foot ulcers in North America reported was 13.0% and the Annual Growth Reported was 2-5%. This is a significant reason for the huge demand for wound healing products.
Regional Outlook
North America led the global wound healing market in 2020. A few of the reasons for the growth of the market include the rising geriatric population, the rising demand for wound healing products in home care, and growing awareness among patients are key drivers of the growth of the wound care market at present.
Europe's advanced wound healing market is mainly driven by technological advances, the rising importance of nutritional values, the rising geriatric population, and patients suffering from diabetes. According to the National Institute of Health, Many of the people in the United Kingdom are suffering from diabetes.
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Key Manufacturers
Some of the Key Players in the wound healing supplement market are
Abbot Nutrition
Nutrova
The Derma Co
DermaRite Industries
LLorens Pharmaceutical International Division Inc.
Global Health Products
Karmer Novis
Vitabiotics
Nestle Health Science
Lupin
Glaxosmithkline
Micro Labs
Macleods
Mankind Pharma
Bluecross
Intas
USV
Pfizer
Aristo Pharma
Cadila Pharma
Segmentation of Wound Healing Supplement Market Research
By Wound Type :
Chronic
Diabetic Foot Ulcer
Pressure Ulcer
Arterial and Venous Ulcer
Other Chronic Wounds
Acute
Surgical Wounds
Burns
Other Acute Wounds
By Supplement Type :
Nutrition
Antibiotic
Herbal
By Dosage Form :
Tablets
Capsules
Powder
Liquid
Ointment
Creams
By End Users :
Hospitals
Clinics
Research & Development
Specialized Healthcare Centers
By Region :
North America
Western Europe
Eastern Europe
Latin America
East Asia
South Asia & Pacific
Middle East & Africa
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