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The global Advanced Wound Care Management Market Growth Accelerated by Rising Prevalence of Chronic Wounds

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naufan
The global Advanced Wound Care Management Market Growth Accelerated by Rising Prevalence of Chronic Wounds

Advanced wound care management products offer treatment for complex wounds such as diabetic foot ulcers, venous leg ulcers, pressure ulcers, and surgical & traumatic wounds. These products include wound fillers, dressings, and therapy devices for effective wound healing and management. The benefits are improved healing, reduced healing time, pain relief and prevention of infections.

The global Advanced Wound Care Management Market is estimated to be valued at US$ 14095.36 Mn in 2023 and is expected to exhibit a CAGR of 18% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The rising prevalence of chronic conditions such as diabetes, obesity and old age related ailments has accelerated the demand for advanced wound care management products. It is estimated that over 5.7 million Americans suffer from chronic wounds each year. Advanced wounds require specialized care for treatment which conventional products cannot provide. This has boosted the adoption of advanced wound care dressings, grafts and therapy devices which help manage chronic wounds more effectively by spurring regeneration, reducing healing time, pain and risk of infection. Their superior benefits over traditional options is a major growth driver for this market.

Segment Analysis

The global advanced wound care management market can be segmented based on product type, wound type, end-user, and region. Based on product type, the market is segmented into antimicrobial dressings, wound care devices, wound therapies, and others. The antimicrobial dressings segment dominates the market, accounting for more than 25% share. This is because antimicrobial dressings help in faster wound healing and reduce the risk of infections.

Key Takeaways

The Global Advanced Wound Care Management Market Size is expected to witness high growth. The global Advanced Wound Care Management Market is estimated to be valued at US$ 14095.36 Mn in 2023 and is expected to exhibit a CAGR of 18% over the forecast period 2023 to 2030.

North America dominates the market currently, holding over 40% share. This is because of supportive reimbursement policies, rising prevalence of chronic wounds, and presence of major players in the region. However, Asia Pacific is expected to grow at the fastest pace during the forecast period owing to growing medical tourism, rising healthcare expenditure, and increasing focus on wound care.

Key players operating in the advanced wound care management market are Boiron, Heel, Schwabe Group, Dolisos, Nelsons, Weleda, SBL Homeopathy, Hahnemann Laboratories, Inc., Reckeweg, Helios Homeopathy, Ainsworths, Pekana, WHP (Washington Homeopathic Products), Hyland's Homeopathic, Hapé Homeopathic Pharmacy.


Get more insights on this topic:

https://www.dailyprbulletin.com/advanced-wound-care-management-insights/

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