Active Wound Care Market Forecast 2023-2027 By The Business Research Company
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s active wound care market report forecasts the active wound care market size to grow to $1.90 Billion by 2027, with a CAGR (compound annual growth rate) of more than 7%.
Learn More On The Active Wound Care Market Report 2023 – https://www.thebusinessresearchcompany.com/report/active-wound-care-global-market-report
Active Wound Care Market Size Forecast
The global active wound care market is expected to grow from $1.34 billion in 2022 to $1.44 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The active wound care market size is expected to grow to $1.90 billion in 2027 at a CAGR of 7.1%.
North America held the largest active wound care market share.
Key Active Wound Care Market Driver – Rise In Number Of Diabetic Patients Worldwide
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 active wound care market.
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Key Active Wound Care Market Trend – Product Innovation
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.
Active Wound Care Market Segment
1) By Product: Biomaterials, Skin Substitutes, Synthetic Skin Substitutes, Growth Factors
2) By Indications: Burns, Diabetic Foot Ulcers, Pressure Ulcers, Lower Limb Ulcer
3) By Application: Chronic Wounds and Acute Wounds
4) By End-User: Hospitals, Clinics, Home Care Settings, Other End-users
Active Wound Care Market Major Players and Strategies
Major players in the active wound care market are Smith & Nephew plc, MiMedx Group, Tissue Regenix Group, Organogenesis Inc., Acell Inc., Integra Life Sciences, 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, ConvaTec Inc., and Stryker Corporation.
In December 2021, Essity, a Sweden-based hygiene and health company, acquired Hydrofera for USD 116 million. This acquisition of Hydrofera is a strategic fit for Essity, bolstering its innovation capacity and widening its offering in advanced wound care. Hydrofera is a US-based company that manufactures polyvinyl alcohol (PVA) foam, antibacterial wound dressings, and advanced wound care products.
The Active Wound Care Global Market Report 2023 covers regional data on active wound care market size, active wound care market trends and drivers, opportunities, strategies, and active wound care market competitor analysis. The countries covered in the active wound care market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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.
View More Reports Related To The Active Wound Care Market –
Wound Care Devices Global Market Report 2023
Wound Debridement Global Market Report 2023
Wound Closure Devices Market Report 2023
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