Advanced Wound Care Market Share: Exploring Opportunities with Market Size and Growth Projections

The Global Advanced Wound Care Market is expected to experience impressive growth during the forecast period, 2024-2028, according to the TechSci Research report titled “Advanced Wound Care Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028”. This growth is due to the increase in the incidence of chronic wounds caused by factors such as the ageing population, diabetes, and obesity. As a result, the market for enhanced wound care is expected to expand rapidly over the projection period.

However, the high cost of modern wound care products may hinder market expansion, and the use of these treatments may pose significant risks and require greater understanding. In addition, the COVID-19 pandemic and competition from other businesses may also impede the growth rate of the market during the projected period of 2022-2029.

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The Global Advanced Wound Care market is segmented based on product, wound type, and end-use. The product category is divided into dressings, grafts & matrices, topical agents, and others. The dressings category is expected to increase at a higher CAGR than other cancer types in colorectal cancer due to increasing patient awareness and education, and the occurrence of Healthcare-Associated Infections.

Based on wound type, the market is divided into acute wound and chronic wound. The acute wounds category dominated the market for advanced wound care in 2021, accounting for the highest revenue share. The main driver of the market is the rise in diverse traumatic wounds, like those caused by auto accidents.

The market is further divided into Hospitals & Clinics, Ambulatory Care Centers, and Homecare, based on end-use. The hospital sector dominated the market for advanced wound care in 2021, accounting for 45.2% of total revenue. This segment's growth is attributed to an increase in surgical procedures and hospital admissions, as reported by the Australian Institute of Health and Welfare.

Major companies operating in the global Advanced Wound Care market are:

• Abbott Nutrition
• Boston Scientific Corporation
• Amsino International Inc.
• ConMed Corporation
• Moog Inc
• C.R.Bard
• Danone
• Cook Medical
• B. Braun Melsungen AG
• Fresenius SE & Co. KGaA
• Cardinal Health Inc.

Recent Development

AxioBiosolutions have introduced MaxioCel Cutting-Edge Innovation in advance wound treatment in April 2020. The next generation of chitosan-based wound dressings exhibits pain relief and scar enhancement capabilities, accelerating wound healing with maximum comfort.

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“North America acquires the largest market share due to the rising incidence of Colorectal Cancer diagnoses. Additionally, new product launches across the region are projected to be the main drivers of growth in the region. The US dominated the regional market owing to inflated treatment rates, high prevalence, and the high price of medicines which is expected to drive the growth of the Advanced Wound Care Market.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Advanced Wound Care Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Product (Dressings, Grafts & Matrices, Topical Agents, Others), By Wound Type (Chronic Wounds, Acute Wounds), By End User (Hospitals & Clinics, Ambulatory Care Centers, Homecare, By Company and By Region, has evaluated the future growth potential of global Advanced Wound Care market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global Advanced Wound Care market.”

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