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Wound Care Market Insights, Key Players, Growth and Future Scope

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The global wound care market size is projected to advance at a 6.7% CAGR during the forecast period by P&S Intelligence.

NEW YORK - eTradeWire -- One of the major factors fuelling the demand for wound care solutions is the increasing prevalence of burn cases across the globe. Burns caused because of various factors such as electricity, radiation, friction, chemicals, and heat often lead to loss of skink, blood vessels, and tissue. "As per a report published by the National Fire Protection Association (NFPA), the total number of fire-related wounds and injuries in the U.S. in 2014 was 15,775".

"The other important factor responsible for the soaring sales of wound care products is the surging incidence of road throughout the world". "According to a report produced by the World Health Organization (WHO) in 2016, 20—50 million people all over the world suffer from various types of non-fatal wounds and injuries because of road accidents every year". The wounds caused due to car crashes are exposed to microbes, soil, debris, and dust. Moreover, the tissue loss caused in road injuries takes a lot of time to heal, which, in turn, increases the requirement of wound-care devices.

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"The growing geriatric population levels and rising incidence of surgeries in several countries are the other major factors fuelling the demand for wound care products around the world".  The incisions made in the body during surgical procedures cause wounds, which in turn, creates the requirement of wound care products. Additionally, these products are used after surgeries for reducing the recovery times and preventing infections. Because of these reasons, the global wound care market (http://www.psmarketresearch.com/market-analysis/wound-care-market) will demonstrate unprecedented growth in the coming years, as per the estimates of P&S Intelligence, a market research firm based in India.

Therefore, it can be said with conviction that the sales of wound care products will shoot-up across the world in the years ahead, primarily because of the increasing prevalence of road accidents and burn cases, rising number of surgical procedures, surging occurrence of chronic diseases, and soaring geriatric population around the world.

Vijay Kumar

Source: P&S Intelligence
Filed Under: Business

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