Asia-Pacific Advanced Wound Care Market Set for Rapid Expansion in Coming Years
The global advanced wound care market is set for lucrative growth in the coming years, as per the estimates of P&S Intelligence, a market research company based in India. The market is being driven by the surging population of geriatric people, the rising incidence of burn cases, obesity, and diabetes, the increasing requirement for surgeries, rapid technological advancements in the healthcare industry, and the growing prevalence of chronic wounds and road accidents all over the world.
Because of their various beneficial traits, advanced wound care products are extensively used for wound management and treatment, especially those caused because of burns, road accidents, and chronic wounds and in surgical applications. Advanced wound care items such as collagen, combination dressing, and foam are used for treating the wounds that are exposed to microbes, soil, and debris, such as those sustained in road accidents. This is fueling the expansion of the advanced wound care market around the world.
Depending on application, the market is categorized into burns, surgical and chronic wounds, and ulcers. Out of these, the surgical and chronic wounds category recorded the highest growth in the market during the last few years and it will also demonstrate the fastest growth in the forthcoming years. This will be because of the soaring geriatric population, the rising incidence of obesity and diabetes, and the surging occurrence rate of road accidents across the world.
Across the globe, the advanced wound care market will exhibit the fastest growth in the Asia-Pacific (APAC) region in the forthcoming years. This is credited to the surging population of geriatric people and the rising incidence of diabetes, burns and road accidents in the region. According to the observations of the World Health Organization (WHO) in 2014, around 1 million people are diagnosed with moderate and severe burns in India every year.
Hence, it is safe to say that the market will register huge expansion all over the world in the upcoming years, primarily because of the surging geriatric population and the rising prevalence of road accidents, burns, and chronic wounds in several countries.
Source: P&S Intelligence
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