Get 15% off on Global Market Reports until March 31st! Use code FY25SAVE at checkout.

How has the topical wound agents market grown in recent years?

There has been robust growth in the market size of topical wound agents in the last few years. The market is projected to expand from $1.76 billion in 2024 to $1.92 billion in 2025, with a compound annual growth rate (CAGR) of 9.0%. The historic growth is linked to a rise in chronic diseases, an increase in traumatic injuries, a surge in diabetes cases, improved awareness of wound treatment, enhancement of healthcare infrastructure, refinement of regulatory policies, and a higher frequency of surgical procedures.

How is the topical wound agents market size expected to evolve during the forecast period?

The topical wound agents market size is expected to see strong growth in the next few years. It will grow to $2.67 billion in 2029 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to increasing aging population, growing awareness about wound care management, increasing funding for wound care research, increasing adoption of wound care products, and rising incidence of diabetes and obesity. Major trends in the forecast period include advancements in bioactive dressings, technological innovations in wound care products, integration of artificial intelligence for personalized treatment, innovations in tissue-engineered skin substitutes, and advancements in telemedicine for wound management .

Get your topical wound agents market report here!

https://www.thebusinessresearchcompany.com/report/topical-wound-agents-global-market-report

Which key drivers are propelling the topical wound agents market’s growth?

The topical wound agent market is anticipated to see significant growth due to the increasing number of road accidents. These mishaps typically arise from multiple factors such as human failure, car breakdowns, or environmental triggers. Topical wound agents are key in accidents by offering immediate wound care, lowering the chances of further infections, relieving pain, and accelerating healing. They also reduce scarring and provide convenience by being adaptable in different situations. For example, the National Highway Traffic Safety Administration, a US-based governmental agency specializing in transportation safety, stated in May 2022 a rise in road fatality by 10.5%. An estimated tally stood at 42,915 deaths, a considerable climb from 38,824 in the previous year. Thus, the escalating count of road accidents is fueling expansion in the topical wound agent market.

What are the market segments in the topical wound agents industry?

The topical wound agents market covered in this report is segmented –

1) By Drug Type: Antiseptics, Antibiotics, Nonsteroidal Anti-Inflammatory Agents (NSAIDS), Other Drugs

2) By Dosage Forms: Creams, Lotions, Powders, Emulsions, Gels, Other Dosage Forms

3) By Application: Chronic Wounds, Acute Wounds

4) By End-Use: Hospitals, Clinics, Other End-Users

Subsegments:

1) By Antiseptics: Chlorhexidine, Iodine-Based Antiseptics, Silver-Based Antiseptics, Hydrogen Peroxide

2) By Antibiotics: Neosporin, Bacitracin, Mupirocin, Gentamicin

3) By Nonsteroidal Anti-Inflammatory Agents (NSAIDs): Ibuprofen, Diclofenac, Ketoprofen, Piroxicam

4) By Other Drugs: Growth Factors, Local Anesthetics, Corticosteroids

Get your free sample now – explore exclusive market insights:

https://www.thebusinessresearchcompany.com/sample.aspx?id=15943&type=smp

Which leading companies are shaping the growth of the topical wound agents market?

Major companies operating in the topical wound agents market are Pfizer Inc., Johnson & Johnson, F. Hoffmann-La Roche Ltd., Bayer AG, Novartis AG, GlaxoSmithKline plc, 3M Company, Merck & Co. Inc., Teva Pharmaceutical Industries Ltd., Medline Industries LP, B. Braun SE, Bausch Health Companies Inc., Coloplast A/S, Dr. Reddy’s Laboratories, Cipla Limited, Hartmann Group, Lupin Limited, Mölnlycke Health Care AB, Biocon Limited, Integra LifeSciences Corporation, Orion Corporation, Hollister Incorporated, BSN Medical, ConvaTec Limited, Sonoma Pharmaceuticals Inc.

What emerging trends are influencing the growth of the topical wound agents market?

Leading corporations in the topical wound agents market are incorporating silicone technology in advanced wound care products to boost their healing capability, provide greater comfort to patients, and more effectively deal with tough wound care situations. Using silicone materials in wound dressings elevates the adhesiveness, ensures a soft application, reduces pain during dressing changes, and aids in better healing. As an illustration, Convatec Group, a medical products and technologies company based in the UK, introduced ConvaFoam in January 2023. This encompasses a range of advanced foam dressings created to cater to different types of wounds at any healing stage. ConvaFoam is a sophisticated foam dressing capable of handling various wound types and stages, presenting an advanced, straightforward solution for wound care and skin protection. The dressings under ConvaFoam incorporate advanced silicone enhancing their adhesion and absorption capabilities, and have the ability to manage fluids for up to a week. They also feature a patterned film for monitoring exudate and a layer with superabsorbent capabilities.

Unlock exclusive market insights – purchase your research report now for a swift delivery!

https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=15943

What regions are dominating the topical wound agents market growth?

North America was the largest region in the topical wound agents market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the topical wound agents market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Browse Through More Similar Reports By The Business Research Company:

Wound Debridement Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/wound-debridement-global-market-report

Advanced Wound Care Devices Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/advanced-wound-care-devices-global-market-report

Interactive Wound Dressing Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/interactive-wound-dressing-global-market-report

About The Business Research Company:

With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.

Contact us at:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293

Asia +44 2071930708

Europe +44 2071930708

Email us at info@tbrc.info

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Found this article helpful? Share it on: