The global wound care biologics market size was USD 1.72 Billion in 2023 and is expected to register a CAGR of 10.1% during the forecast period. The study includes an analysis of the Global Wound Care Biologics Market and an evaluation of its key trends to forecast the output for the coming years from 2023-2032. For the study 2021 and 2023 are the historical years 2023 is the base year, 2023-2032 is the forecast period. This study will help give the reader an extensive idea about the size, share, trends, and growth of this particular industry in the current and upcoming years.
Global Wound Care Biologics Market: Introduction
Treatment for various diseases has become simple, efficient, and inexpensive with the advancement of technology and innovation. One of the many innovations in the field of healthcare is wound care biologics. They are basically advanced textile materials which help in curing or treatment of the wounds. The global wound care biologics industry has witnessed significant growth in the last few years, and it is predicted to grow at a greater pace in the forecast period.
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Global Wound Care Biologics Market: Dynamics
Growing use of temporary and permanent skin substitutes, increase in demand for combination dressings, increased focus of the Pharma and biotech companies on the new biologics in order to develop new and improved products are the factors propelling the growth of the global wound care biologics industry. Also, a surge in the geriatric population globally will play a significant role in the growth of the sector.
Global Wound Care Biologics Market: Regional Outlook
Geographically, the global wound care biologics market is segmented into Europe, North America, Asia Pacific, South America, and Middle East & Africa.
North America is forecasted to lead during the forecast period owing to the growing geriatric population, technological advancements, increasing awareness on wound care, and a surge in the number of burn injury cases in the North American region.
The Indian wound care biologics industry was valued at USD 1.72 Billion in 2023. Increasing number of burn cases among the people is forecasted to favor the Indian wound care biologics sector.
Global Wound Care Biologics Market: Competitive Landscape
The Leading Companies included in the study are:
- Smith & Nephew
- Derma Sciences, Inc
- Soluble Systems
- Amnio Technology, LLC
- Skye Biologics
- Alphatec Spine,Inc.
- Pinnacle Transplant Technologies
Start up traction
- In April 2017, Skye Biologics & Human Regenerative Technologies introduced to the market BioECM membrane which consists of surgeries wound healing applications.
- In June 2019, Smith & Nephew plc launched the new PICO 14 single-use negative-pressure wound therapy system that has a pump duration of up to 14 days. It is used in treating large and deep wounds, with reduced interventions.
- In February 2016, Mölnlycke Health Care completed the acquisition of Sundance Solutions, a patient therapeutic positioning, heel protection, patient turning, and pressure reduction products manufacture to take advantage of the combined expertise in the field of pressure ulcer prevention.
- The coronavirus (COVID-19) pandemic will be a major factor impacting the future of businesses. The report analyzes the possible aftereffects of the outbreak on the sector and leading and emerging players in the industry.
Key Coverage of Report
- This report provides a qualitative and quantitative analysis of the Global Wound Care Biologics Market.
- Detailed analysis of market share, size, and growth rate for leading segments. An upward trend is observed and predicted in the penetration of the industry over the forecast period.
- Region and country-wise assessment from the period 2023-2032.
- Market share analysis of the prominent industry players.
- Market forecasts of all the segments, and major regions.
- Market Trends (Drivers, Constraints, Threats, Opportunities, Challenges, recommendations).
- Strategic recommendations in important and niche business segments based on accurate estimations.
- Competitive landscape and key common trends.
Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered By Type, Regional Outlook
Biologic Skin Substitutes
Enzyme Based Formulations
By Application Type
Middle East & Africa
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