Advanced Wound Care (AWC) Revenue Insights
Global wound care market in terms of revenue was estimated to be worth $20.8 billion in 2022 and is poised to reach $27.2 billion by 2027, growing at a CAGR of 5.4% from 2022 to 2027
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The global chronic wound care market was valued at USD 13.91 billion in 2023 and growing at a CAGR of 5.40% from 2023 to 2031. The market is expected to reach USD 21.18 billion by 2031. The rising majority of sports wounds, the growing prevalence of diabetes, and transforming lifestyles are expected to propel market growth. Similarly, there is an increased need for treatment products, revving the need for wound dressings and related devices.
A chronic wound may be described as physiologically damaged due to a disturbance in the wound-healing cycle owing to innervation, impaired angiogenesis, or cellular migration.Multiple elements can raise a patient's risk of developing a chronic wound. Bariatric patients and those with diabetes or venous deficiency are at high risk, as well as more aged patients. Once again, the treatment of chronic wounds differs based on the type of wound. Usually, underlying causes must be handled first before wound healing can progress. Individuals with diabetes need to enhance their nourishment and vascular health, and diabetic and pressure ulcers will require offloading for the affected area. Arterial ulcers need revascularization, while venous ulcers benefit from compression therapy.
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Global wound care market in terms of revenue was estimated to be worth $20.8 billion in 2022 and is poised to reach $27.2 billion by 2027, growing at a CAGR of 5.4% from 2022 to 2027
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