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 advanced wound care devices market report forecasts the advanced wound care devices market size to grow to $13.89 Billion by 2027, with a CAGR (compound annual growth rate) of more than 5%.

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Advanced Wound Care Devices Market Size Forecast
The global advanced wound care devices market is expected to grow from $10.78 billion in 2022 to $11.40 billion in 2023 at a compound annual growth rate (CAGR) of 5.7%. 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 global advanced wound care devices market size is expected to reach $13.89 billion in 2027 at a CAGR of 5.1%.

North America held the largest advanced wound care devices market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Advanced Wound Care Devices Market Driver ­– Increase In Number Of Surgeries
For example, according to the American Academy of Facial Plastic and Reconstructive Surgery (AAFPRS), the world’s largest association of facial plastic surgeons based in the United States, 1.4 million surgical and non-surgical procedures were performed in 2021, with plastic surgeons performing 600 more procedures than in 2020, a 40% increase. In 2021, the typical plastic surgeon conducted 320 surgical procedures, up from 220 in 2020. As a result, the growing number of operations is propelling the advanced wound care devices market forward.

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Key Advanced Wound Care Devices Market Trend – Technological Advancement
Major players in the advanced wound care devices market are embracing new technologies in order to increase their market position. In September 2022, for example, Colzyx Ab, a Swedish wound care device company, produces a new wound matrix, WOUNDCOM, effector molecules that are bioactive components of the biological host-defense protein human collagen VI. These have developed to begin, promote, and govern normal physiological wound-healing processes while also exhibiting distinct antibacterial properties. Colzyx effector molecules show high wound-healing properties as well as broad-spectrum antibacterial activity against both normal and multidrug-resistant bacteria. It relieves pain and cleans the wound of microorganisms.

Advanced Wound Care Devices Market Segment
1) By Product: Moist, Antimicrobial, Active
2) By Application: Chronic Wounds, Acute Wounds
3) By End User: Hospitals, Speciality Clinics, Home Healthcare, Other Types

Advanced Wound Care Devices Market Major Players and Strategies
Major players in the advanced wound care devices market are 3M, Coloplast Corporation, ConvaTec Group PLC., Smith & Nephew PLC., Integra LifeSciences, Organogenesis Holdings Inc., Medtronic PLC., MiMedx Group Inc., Derma Sciences Inc., Johnson & Johnson Private Limited, Molnlycke Health Care AB, Cardinal Health Inc., B. Braun Melsungen AG, Baxter International, URGO Medical, and Adynxx Inc.

Essity AB, a Swedish global hygiene and wellness company, paid roughly $ 116 million for Hydrofera LLC in December 2021. The combined resources are intended to boost their portfolio in advanced wound care technology and products, as well as contribute to Essity’s strategic goal of developing in Medical Solutions through acquisitions. Hydrofera LLC is a wound care device producer established in the United States.

The Advanced Wound Care Devices Global Market Report 2023 covers regional data on advanced wound care devices market size, advanced wound care devices market trends and drivers, opportunities, strategies, and advanced wound care devices market competitor analysis. The countries covered in the advanced wound care devices 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.

Advanced wound care devices are therapeutic equipment and items used to accelerate the healing of skin infections, abrasions, blisters, cracks, craters, necrosis, and/or ulcers. It works on the premise of moisture treatment, which delivers moisture to the affected area. This encourages natural cell repair while enabling the wound to breathe.

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