According to a recentarticle published 4 October 2019, the Global Wound Care Market is Projected to Reach USD 24.8 Billion by 2024 from USD 19.8 Billion in 2019. The growth of regenerative medicine and advancement in the field of wound care are primary drivers for this growth.
Advanced wound care products accounted for a significant share of the market in 2019 primarily related to the increased adoption of advanced technology of the wound care products to advance healing.
Diabetic foot ulcers segment accounted for the largest share of the wound care market in 2019. The diabetic foot ulcers segment is expected to account for the largest share of the wound care market due to increased emphasis on aggressive management to prevent diabetic foot ulceration and foot amputation.
The incidence of chronic wounds, especially foot ulcers, increases annually among the estimated 30.3 million people diagnosed with diabetes in the U.S. with approximately 80,000 adults with diabetes undergoing a lower extremity amputation that started with an ulcer.( Source: Healogics)
Employing an interdisciplinary approach to wound care cases can result in better outcomes for the patient.