Press Release

Increasing investment in Research & Development in Advanced Wound Care Market will drive the market growth

Life Science

As per the study initiated by Evolve Business Intelligence, the Advanced Wound Care market is anticipated to grow $21.4 Billion by 2028 growing at the CAGR of 9.87% from 2021 to 2028. Some of the major factor impacting the overall growth of Advanced Wound Care market include increase in R&D for wound care research, increasing diabetic patients, various awareness program for wound treatments and new innovation and technologies in wound care product. The major factor that are restraining the growth includes the high initial investment for the development of advanced wound care product.

Analyst's View

According to Evolve Business Intelligence “due to the breakout of pandemic, the wound care services had a decline and the surgeries were postponed. The major focus was on to tackle the pandemic by diverting resources and stopping all other activities including wound care services. These had impacted the market as manufacturing unit were operated with 50% and the new production was at least. The resources of wound care were diverted to tackle the pandemic leading to delay in wound care services.”

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The Advanced Wound Care market has witnessed several new additions to the number of players offering the product. Some of these are Molnlycke, Adynxx, B. Braun Melsungen AG, Coloplast Group, ConvaTec Group PLC.

The Advanced Wound Care market report published today include market revenue generated through the sale of product such as Infection Management, Dressings, NPWT, Autograph, Allograft, Exudate Management, Active Wound Care, Therapy Devices. The report includes the analysis of the market on the basis of application such as, Chronic Wounds, Acute Wounds, Diabetic Foot, Surgical, Trauma, Ulcers, Burns. The report also includes the analysis of the market on the basis of end use industry such as, Hospitals, Clinics, Home-care, and Community Health Service Centers

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