Wound Care Market Size, Share, Growth Analysis, By Product Type (Advanced Wound Care Products, Traditional Wound Care Products), By Wound Type (Acute Wounds, Chronic Wounds), By End User (Hospitals & Clinics, Home Care Settings), By Region - Industry Forecast 2024-2031

Drivers

Growing Adoption of Bioactive Therapies for Last-Stage Wounds

• Bioactive therapies consist of skin substitutes and help in skin growth. This therapy is becoming immensely popular among medical professionals, especially for the treatment of last-stage wounds. Many companies are presently venturing the market by emphasizing on allograft, xenograft, nanofiber, dermal substitutes, and cell-based therapies. These solutions are successfully fulfilling the rising demand for urgent and efficient wound management therapies among patients.

Rising Prevalence of Diabetes to Impact Wound Healing Procedure

• Diseases like diabetes impact negatively on the wound healing procedure. In the last few years, the incidences of diabetes have massively increased globally, which has resulted in the growth of acute and chronic wounds. The growing geriatric population has also increased surgical procedures. With an increasing incidence of obesity and other health conditions, the complexity of wound care has been enhanced to reduce infections, ulcerations, and other chronic problems.

Restraints

Delayed Detection of Chronic Wounds in Developing Nations

• Chronic wounds like diabetes foot ulcers, pressure ulcers, and leg ulcers can expand from mild to severe in a short span of time. This is mainly because of late diagnosis and therapies resulting in foot amputations. The prevalence of late treatment is significantly massive in developing economies like India, Brazil, and China in comparison with advanced nations. This is mainly due to less awareness among people about the difficult-to-health wounds, and restricted access to better medical infrastructure.

Increasing Expense of Wound Care Products

• The growing emphasis on enhancing acute and chronic care products has substantially increased the expense of wound care products, negatively impacting the wound care market. Lately, the expense of therapy for burn injuries and traumatic wounds have increased massively, restricting the growth. The main factor that is hindering the expansion of the market is the growing number of product recalls by regulatory facilities like the US Food and Drug Administration.