(MENAFN - GetNews) The rising prevalence of diabetes, coupled with a significant surge in the geriatric population, is expected to boost market growth. Market Size â USD 10.80 Billion in 2019, Market Growth - CAGR of 4.5%, Market Trends â High risk of chronic wounds among the geriatric population and the amplifying need for advanced wound care products
The global advanced wound care market is expected to be valued at USD 15.56 Billion in 2027 from USD 10.80 Billion in 2019, registering a CAGR of 4.5% through the forecast period. Advanced wound care products are specifically designed to treat chronic wounds or acute and more complicated wounds, such as severe burns, surgical or post-operative wounds, and diabetic ulcers. These products usually comprise foam dressings, hydrocolloids, hydrogels, alginates, and film. The global advanced wound care market growth is significantly supported by the growing incidences of chronic and acute wounds or ulcers, rising prevalence