How Are Developing Countries Helping in Advanced Wound Care Market Growth?

1. Boom Predicted in Advanced Wound Care Market in Future Years 1 © Prescient & Strategic (P&S) Intelligence Pvt. Ltd. All rights reserved

2. 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. Receive Sample Copy of this Report: https://www.psmarketresearch.com/market-analysis/advanced- wound-care-market/report-sample As advanced wound care products have greater absorption capacities than the conventionally used wound care products such as sponges, wadding, plasters, and gauze, they are being increasingly preferred by medical practitioners for preventing wound seepage. Moreover, these products allow greater oxygen exchange and moisture retention and completely block the entry of microorganisms into the wounds than the conventional wound care products. Additionally, they also facilitate the rapid building of new tissues for covering the wound. 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. When end user is taken into consideration, the advanced wound care market is classified into outpatient and inpatient facilities. Between these, the inpatient facility recorded higher growth in the market in the years gone by and this trend is predicted to continue in the upcoming years as well. This will be a result of the fact that various specialized facilities are provided to the people suffering from several types of wounds by trained medical practitioners at various inpatient hospital facilities. Across the globe, the advanced wound care market will exhibit the fastest 2 © Prescient & Strategic (P&S) Intelligence Pvt. Ltd. All rights reserved

3. 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. 3 © Prescient & Strategic (P&S) Intelligence Pvt. Ltd. All rights reserved

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