Bioactive Wound Care Market to Reach USD 14.588 Billion by 2028 – Reports and Data
Increasing prevalence of chronic injuries along with rising awareness of bioactive dressings are the factors driving market growth.
The global bioactive wound care market to reach USD 14.588 billion by 2028 at a CAGR of 6.1%, according to the latest report by Reports and Data. Increasing incidences of chronic injuries, rising number of surgeries, advancement in healthcare infrastructure, growing health awareness, increasing adoption and demand of bioactive substances for fastest wound recovery are some key factors expected to drive market revenue growth over the forecast period. Rapidly increasing geriatric population along with rising complications in chronic wound healing is further drive the market growth.
Bioactive agents like hydrocolloids, hydrogels, alginates, collagens, etc., are used to in various types of wounds dressings for faster recovery and healing of wound. They are applied through a polymeric scaffold to a wound. Bioactive agents can actively interact with wound environment and accelerate healing. They are biodegradable, highly absorbent, and protect wound surrounding. Bioactive wound dressing can be extremely useful in chronic injuries which takes longer time to heal.
Increasing government spending on healthcare infrastructure is one of the key factors expected to boost market revenue growth over the forecast period. There are lucrative opportunities for the market contributors operating in the global bioactive wound care market. Rising health complications, increasing number of surgical processes, awareness of using bioactive wound care for faster wound recovery are some key factors expected to contribute to market growth going ahead.
However, high costs, and handling difficulty are the factors expected to hamper bioactive wound care market growth to a certain extent over the forecast period.
To identify the key trends in the industry, click on the link below: Bioactive wound care market
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Some Key Highlights from the Report:
- Moist wound care segment is expected to account for a largest revenue share in the global market because of its healing and highly absorbing properties. Moist wound care dressings are capable of creating and maintaining wet environment which is favorable for wound healing.
- Chronic wound segment is expected to register significant revenue share in the global market owing to rising number of chronic diseases, and awareness of bioactive wound healing substances for the recovery.
- Hospitals and clinics segment is expected to register robust revenue in the global market over the forecast period. This is because of the improvement in healthcare infrastructure, and technological advancement in healthcare industry. Hospitals and clinics registered the highest incidence of patients suffering from acute and chronic wound.
- Asia Pacific market revenue is expected to expand significantly over the forecast period due to growing geriatric population, rising number of patients going through severe health complexities, growing health awareness, rapid increase in surgical processes. In addition, rising awareness of the benefits of using bioactive substances in chronic wound healing is the factor responsible for the market growth.
- Key companies in the bioactive wound care market include 3M Healthcare, Smith & Nephew PLC, Molnlycke Health Care AB, Coloplast A/S, ConvaTec Inc., Paul Hartmann AG, Organogenesis Inc., Medtronic PLC, BSN Medical Inc., and Covalon Technologies Ltd. among others.
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For the purpose of this report, Reports and Data has segmented the global bioactive wound care market has been segmented into type, device type, application, and region:
Product Type Outlook (Revenue, USD Billion; 2018 – 2028)
- Moist Wound Care
- Alginate Wound Dressing
- Foam-Based Wound Dressing
- Hydrocolloid Dressing
- Active Wound Care
- Skin Substitutes
- Collagen Dressings
- Keratin Dressings
- Cell-Based Therapy
- Antimicrobial Wound Care
- Silver Based Wound Dressing
- Iodine Based Wound Dressing
- Chitosan Based Wound Dressing
Wound Type Outlook (Revenue, USD Billion; 2018 – 2028)
- Chronic Wound
- Acute Wound
End-User Outlook (Revenue, USD Billion; 2018 – 2028)
- Ambulatory Care Services
- Hospitals & Clinics
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Region Outlook (Revenue, USD Billion; 2018 – 2028)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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