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DUBLIN--(BUSINESS WIRE)--Oct 28, 2022--
The "Wound Care Market by Product (Dressings (Foam, Film, Hydrocolloid, Collagen), Devices (NPWT, Assessment, Debridement), Graft, Matrix, Suture, Stapler), Wound(DFUs, Trauma, Surgical, Burn), End User (Hospitals, Clinics) & Region - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The global wound care market is projected to reach USD 27.2 billion by 2027 from USD 20.8 billion in 2022, at a CAGR of 5.4%
Market growth is driven by factors such as increase in traumatic injuries, increased in number of surgical wounds and increased spendings on traumatic wound management. On the other hand, challenges associated with wound care product validation and shortage of skilled professionals are the major factors hampering the growth of this market.
The advanced wound care products segment accounted for the highest growth rate in the wound care market, by product, during the forecast period
The wound care market is segmented into advanced wound care products, surgical wound care products and traditional wound care products. In 2021, the advanced wound care products segment accounted for the highest growth rate in the wound care market. Increasing incidence of traumatic and surgical wounds are major factor contributing to the growth of this segment.
The diabetic foot ulcers segment accounted for the highest growth rate in the wound care market, by wound type, during the forecast period
The wound care market is segmented into surgical & traumatic wounds, diabetic foot ulcers, pressure ulcers, venous leg ulcers and burns & other wounds based on wound type.
In 2021, the diabetic foot ulcers segment accounted for the highest growth rate in the wound care market. Rising technological advancements In the development of cancer biomarkers and increasing incidence of diabetes and other health conditions are major factors contributing to the growth of this segment.
Hospitals and clinics segment accounted for the highest share
Based on end users, the wound care market has been segmented into hospitals and clinics, long-term patient care, home care settings and other end users. In 2021, the home care settings segment accounted for the highest CAGR. This can be attributed to the increasing focus on surgical wounds.
Asia Pacific: The fastest-growing region in wound care market
The global wound care market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. The Asia Pacific region is projected to register the highest CAGR during the forecast period. Rising focus on decreasing the surgical wounds and increased focus on traumatic wound management are driving the growth of the wound care market in this region.
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KEYWORD:
INDUSTRY KEYWORD: MEDICAL SUPPLIES HEALTH
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 10/28/2022 05:53 AM/DISC: 10/28/2022 05:53 AM
http://www.businesswire.com/news/home/20221028005200/en