Global Advanced Wound Care Market valued at ~$8.5 billion in 2022 is set to grow at ~4% CAGR by 2027

BRUSSELS - Feb. 7, 2023 - PRLog -- Advanced wound care provides specialized medical treatments for chronic or non-healing wounds, which are defined as sores or wounds which have not completely healed during the course of the traditional medical treatments.

Increasing Move towards Advanced Wound Care Products Over Conventional Wound Care Products

Conventional wound care products are used as primary or secondary dressings to protect the wounds from contamination or exposure. Conventional wound care products include gauze, lint and cotton dressings.

Advanced wound care products and advanced medical devices facilitates the oxygen flow to the wound while providing a moist environment to prevent necrosis. Some of the best-advanced wound care products are hydrogels, films, foams, hydrocolloids, alginates, sponges and fabrics. The key advantages of using advanced wound care products are reduced healing time, optimized drainage and lessen risk of infection.

Technologically Advanced Developments in Chronic Wound Management

It is projected that there are approximately around 1.5 to 2 million patients living with a chronic or complex wound, some of them for a time period of than six months. Major innovations in negative pressure wound therapy, surgical incision management, infection prevention, advanced wound care, near-infrared spectroscopy technology and skin integrity are poised to trigger the growth of the advanced wound care market.

North America is Set to Hold a Higher Share in the Advanced Wound Care Market

From a geographical overview, North America holds a higher market share of the advanced wound care market. This can be mainly attributed to an increasing cases of chronic diseases, technological advancements in wound care products, growing incidence of burn injuries and a rapid growth in the number of diabetic patients in this region.

Competitive Landscape Analysis: Advanced Wound Care Market

Some of the established and key players operating in the global advanced wound care market are as follows:-

• 3M
• Smith & Nephew Plc.
• Convatec Group Plc
• Braun
• Medela
• Coloplast Corp.
• Organogenesis
• MiMedx, among others.

The advanced wound care market is a promising market and is set to gain a consistent momentum in the upcoming years due to focus on building advanced therapy-based solutions for chronic and acute wounds, the introduction of technologically advanced medical products and organic and inorganic growth strategies adopted by the top and established market players.

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