Chronic Wound Care Market Size, Share, Growth Analysis, By Product (Advanced Wound Dressing, Foam Dressing), By Application (Diabetic Foot Ulcers), By Region - Industry Forecast 2024-2031

North America has been projected as the highest revenue region in 2022 accounting for over 45.05% of the chronic wound care market. The increasing incidence of sports injuries, coincidentally, several major players in the region is expected to drive the market to North America. For example, according to the National Institute of Diabetes and Digestive Kidney Diseases, estimated million people 34.2 have diabetes, with the U.S. diseases in this region. Similarly, availability of skilled workforce, improvements in healthcare infrastructure and entry of key market players are expected to propel the market during the forecast period.

Asia Pacific in the chronic wound care market is expected to witness the fastest growth during the forecast period. The entry of developing countries such as China, India and Japan are expected to boost market growth in Asia Pacific. In addition, with the rapidly aging population in the region, the increasing number of obese and diabetic patients is expected to lead to a high utilization of chronic wounds in the region. The rising geriatric populace is one of the most important using elements for the market growth in Japan. According to Europa, more than one in four humans are above sixty-five years of age. As the geriatric population is at a higher hazard of diverse illnesses and disabilities, and growth in the aged populace may additionally propel the demand for wound care products.