The Wound Care Biologics Global Market Report 2023, provides comprehensive information on the wound care biologics market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Wound Care Biologics Global Market Report 2023, the market size is expected to grow from $1.61 billion in 2022 to $1.76 billion in 2023 at a compound annual growth rate (CAGR) of 9.6%. 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 wound care biologics market size is expected to reach $2.48 billion in 2027 at a CAGR of 8.9%.
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Product innovation is a key trend gaining popularity in the consumer and wound care biologics market. Major companies operating in the wound care biologics market are focused on developing innovative products with advanced technologies to strengthen their position in the market. For instance, in April 2021, Kerecis, a US-based company used to treat wounds, burns, and other complex acute and chronic wounds, launched its Kerecis Omega3 GraftGuide. This fish skin is whole and specifically addresses the difficulties of burn healing. The product improves autograft take, lessens the need for autograft harvesting, and even serves as an alternative to autografting. The FDA approves it under the 510(k) regulatory procedure.
The wound care biologics market is segmented:
1) By Product: Biologic Skin Substitutes, Topical Agents
2) By Wound Type: Ulcers, Surgical, Traumatic Wounds, Burns
3) By End User: Hospitals, Ambulatory Surgery Center (ACS), Burn Centers, Wound Clinics
North America was the largest region in the wound care biologics market in 2022.
The table of contents in TBRC’s wound care biologics market report includes:
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Top Major Players
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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