The Active Wound Care Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Active Wound Care Global Market Report 2024, The active wound care market size has grown strongly in recent years. It will grow from $1.44 billion in 2023 to $1.55 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to increasing incidence of chronic wounds, rise in surgical procedures, prevalence of diabetes, patient preference for non-invasive treatments, government initiatives for wound care, awareness programs on wound management, growing focus on home healthcare.
The active wound care market size is expected to see strong growth in the next few years. It will grow to $2.09 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to global initiatives for wound healing, increasing geriatric population, personalized medicine approaches, demand for faster healing solutions, wound care in developing countries. Major trends in the forecast period include advanced wound dressings adoption, technological innovations in wound care products, bioactive and biodegradable materials, telemedicine and remote patient monitoring, economic considerations and cost-effective solutions.
The rising number of diabetic patients worldwide is expected to propel the growth of the active wound care market going forward. Obesity is a condition that arises from having excessively high blood glucose, which causes sores and ulcers, thus increasing the risk of infections and other severe complications. Through active wound care treatment, the patient gets into a healing process with a planned approach by applying various solutions and treatments to wounds, thus increasing the demand for active wound care. For instance, in December 2021, according to the report published by the IDF (International Diabetes Federation) on diabetes, there are 537 million adults (20–79 years old) living with diabetes around the world. This figure is expected to increase to 643 million by 2030 and 783 million by 2045. Furthermore, diabetes caused 6.7 million deaths in 2021. Therefore, the rising number of diabetic patients and deaths will drive the growth of the active wound care market.
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The active wound care market covered in this report is segmented –
1) By Product: Biomaterials, Skin-substitutes, Synthetic Skin-substitute, Growth Factors
2) By Indications: Burns, Diabetic Foot Ulcers, Pressure Ulcers, Lower Limb Ulcers
3) By Application: Chronic Wounds, Acute Wounds
4) By End-User: Hospitals, Clinics, Home Care Settings, Other End-users
Product innovation has emerged as the key trend gaining popularity in the active wound care market. Major companies operating in the active wound care market are focused on developing regenerative wound therapy and electrical stimulation technology as new solutions to meet market demand. For instance, in January 2022, Accel-Heal Technologies Limited, a UK-based company engaged in electrical stimulation products, launched Accel-Heal, an electrical stimulation wound therapy device. The wearable electrical stimulation device Accel-Heal is easy to use and speeds up the healing of chronic wounds. Accel-Heal helps electrical stimulation wound therapy become more widely used. Patients can use the 12-day therapy in the ease and comfort of their own homes. Accel-Heal can be used on all forms of chronic wounds, including those that are challenging to dress, like diabetic foot ulcers, and can be used in conjunction with current dressing regimens. More patients are now able to get therapy with more personal freedom because of this breakthrough. Additionally, Accel-Heal enables healthcare professionals to combine the therapy with their chosen dressing regimens, greatly reducing the number of nursing visits needed for each patient.
The active wound care market report table of contents includes:
1. Executive Summary
2. Active Wound Care Market Characteristics
3. Active Wound Care Market Trends And Strategies
4. Active Wound Care Market – Macro Economic Scenario
5. Global Active Wound Care Market Size and Growth
………………
31. Global Active Wound Care Market Competitive Benchmarking
32. Global Active Wound Care Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Active Wound Care Market
34. Active Wound Care Market Future Outlook and Potential Analysis
35. Appendix
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