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 market report forecasts the advanced wound care market size to grow to reach $13.12 Billion by 2027, with a CAGR (compound annual growth rate) of more than 6%.

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Advanced Wound Care Market Size Forecast
The global advanced wound care market is expected to grow from $9.47 billion in 2022 to $10.14 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. 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 market size is expected to reach $13.12 billion in 2027 at a CAGR of 6.7%.

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

Key Advanced Wound Care Market Driver ­– Increase In Number Of Road Accidents, Trauma, And Burn Cases
For example, according to figures released by the National Highway Traffic Safety Administration (NHTSA), a US-based government body, there were 31,785 traffic-related fatalities in the United States in 2022 in January 2023. Furthermore, 42,915 persons perished in traffic-related vehicle accidents in 2021, a 10.5 percent rise from the previous year. Furthermore, according to the American Burn Association (ABA), a member-based health organisation based in the United States, there are 450,000 significant burn injuries in the United States each year. Furthermore, according to the World Health Organisation (WHO), a Swiss-based health institution, 4.4 million people worldwide die each year as a result of injuries, both intentional and accidental, accounting for nearly 8% of all fatalities. As a result, the frequency of vehicle accidents, trauma cases, and burns is increasing.

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Key Advanced Wound Care Market Trend – Product Innovation
Major advanced wound care firms are focused on developing innovative products to address patient needs and discover and resolve unmet clinical requirements in surgery, chronic wounds, and burns. Such inventions enable market leaders to obtain a competitive advantage. Convatec Group Plc, a UK-based medical device business, for example, debuted its ConvaMax, a superabsorber wound dressing, in January 2020. ConvaMax is used to treat oozing wounds such as leg ulcers, pressure ulcers, diabetic foot ulcers, and surgical wounds that have dehisced. It helps to protect skin integrity and is ideal where there is a real risk of skin injury due to excessive exudate levels. It is also available in silicone sticky and non-adhesive varieties, providing complete flexibility to assistive devices.

Advanced Wound Care Market Segment
1) By Product Type: Antimicrobial Gels, Antimicrobial Powder, Concentrated Surfactant, Hydrogels Dressings, Skin Protectants, Wound Cleansers, Semi-Permeable Films Dressings, Semi-Permeable Antimicrobial Films Dressings, Semi-Permeable Non-Antimicrobial Films Dressings, Other Products
2) By Wound Type: Surgical And Traumatic Wounds, Diabetic Foot Ulcers, Pressure Ulcers, Venous Leg Ulcers, Burns, Other Wounds
3) By Application: Chronic Wounds, Acute Wounds
4) By End User: Hospitals, Clinics, Homecare Settings, Other End Users

Advanced Wound Care Market Major Players and Strategies
Major players in the advanced wound care market are Integra Lifesciences, Molnlycke Health Care, Johnson And Johnson, Medline Industries Inc., Medtronic Plc., Organogenesis Holdings Inc., Smith & Nephew Plc., B. Braun Melsungen AG, Coloplast A/S, ConvaTec Group Plc., Hollister Incorporated, URGO Medical, Lohmann And Rauscher GmbH & Co. KG, MIMEDX, Zimmer Biomet, Misonix Inc., and Cardinal Health Inc.

Hydrofera was purchased for $116 million by Essity AB, a hygiene and wellness company based in Sweden, in December 2021. Essity AB intends to increase its innovative capabilities and broaden its advanced wound care product offerings with this purchase. Hydrofera is a company established in the United States that provides sophisticated wound care products and technologies.

The Advanced Wound Care Global Market Report 2023 covers regional data on advanced wound care market size, advanced wound care market trends and drivers, opportunities, strategies, and advanced wound care market competitor analysis. The countries covered in the advanced 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 practise of treating chronic or severe wounds with products that are not commonly available over the counter is referred to as advanced wound care. It also has the benefit of controlling body temperature, protecting against infections, removing dead tissue, preventing scar formation, and alleviating discomfort during dressing changes. It can repair complex or difficult-to-heal wounds.

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