The global wound care market was worth USD 18.4 billion in 2022 and is projected to reach USD 30.2 billion by 2032, exhibiting a CAGR of 5.2% in the forecast period (2023-2032). Between 2023 and 2032, this market is anticipated to grow at the highest CAGR of 5.2%. It is estimated that healing will go through the anticipated stages of wound healing since a wound is a disturbance of the normal structure and function of skin and soft tissue. In addition, a chronic wound is one that has physiological impairment. Wound care promotes healthy healing by concentrating on wounds that have injured or damaged the skin's underlying structure.

Acute and chronic wounds, as well as any other healing or repair of injured human tissue, including injuries brought on by therapeutic radiation and mild burns, fall under the umbrella of the wound care industry, which expressly excludes the burning business. By providing adequate fluid balance, co-efficiency, and convenience for the patients and nursing staff, wound dressing aids in the removal of dead space and the prevention of bacterial growth. As a result of numerous technical developments, the global market for wound care has become the norm for treating both acute and chronic wounds. 

Surging diabetes levels that have an impact on wound healing: Diabetes has a negative impact on how effectively wounds heal. The prevalence of diabetes has dramatically increased over the years, along with cases of acute and chronic wounds.
Growing geriatric population: An increase in the number of elderly population has also led to an increase in surgical procedures. The complexity of wounds has risen, particularly for infections, ulcerations, and other chronic wounds, as a result of increasing obesity rates and other health issues.

source: https://www.globenewswire.com/en/news-release/2023/03/06/2621281/0/en/Wound-Care-Market-Size-Is-Estimated-to-Be-Valued-at-USD-30-2-Billion-by-2032-at-a-CAGR-of-5-2.html