Active Wound Care Market Growth, Share, Analysis and Size Forecast to 2026

[Nita Sonwane]

Rising prevalence of diabetes will help the global active wound care market gain momentum, predicts Fortune Business Insights, in their recent study. The study is titled “Active Wound Care Market: Global Market Analysis, Insights, and Forecasts, 2018 – 2025.” The market, as per the study is prognosticated to exhibit a CAGR of 5.3% and be worth US$ 2039.9 Mn from US$ 1361.7 Mn within the forecast period of 2018 to 2025.

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In terms of ulcer, diabetic foot ulcer segment is expected to register high rate of growth because of the rising prevalence of diabetes worldwide. According to the National Institute of Health (NIH), foot ulcer is a common problem associated with diabetes, comprising 15% of diabetics worldwide. Healing of ulcer may get complicated if not taken proper care. This factor fuels demand in the ulcer segment, which is expected to continue dominating the global market in coming years.

Increasing Demand for Emergency Medical Aid Services to Propel Market

With the rise in geriatric population and their vulnerability to contract various diseases, especially chronic diseases, the demand for active wound care is expected to rise. Besides this, the rise in the number of road accidents and increasing demand for emergency medical aid will also help the market to gain momentum in the coming years

Furthermore, the market is expected to benefit from governments initiatives and rising investment towards the research and development (R&D) of novel healthcare solutions. Technological advancements aimed at transforming the prevailing active wound care trends will also help the market gain momentum.

Integra Life Sciences Corporation,Organogenesis, Inc., and MiMedex to Lead Market

Geographically, the global active wound care market is witnessing immense growth opportunities in North America. This is because of the increasing prevalence of diabetic population and wound cases in the region, resulting from road accidents. The presence of sophisticated healthcare services in the region is also aiding the growth of the market. On the other side, wound dressing market in Asia Pacific is anticipated to show significant rise in future owing to the considerable growth of the healthcare sector in the emerging nations of India, and China. Rise in population and increasing healthcare awareness in these nations will drive the market in Asia Pacific, making it the fastest growing region during the forecast period.

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