(MENAFN- GlobeNewsWire - Nasdaq) Nanotechnology and 3D printing will drive the growth of the wound healing market.
Wilmington, Delaware, United States, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The wound healing industry was worth US$ 26.9 billion in 2022. The market is expected to increase by 4.6% between 2023 and 2031, reaching US$ 40.1 billion by 2031. Researchers are investigating the possibility of producing skin substitutes and wound dressings on demand using 3D printing technology. This method enhances the accuracy and efficacy of wound care by enabling the development of patient-specific treatments. Research on tissue scaffolds and 3D-printed skin grafts is ongoing and might completely change the way wounds are treated.
Biologics and advanced therapies are being discovered and applied in wound healing at an accelerated rate. Stem cell treatments, growth factors, and regenerative medicine techniques promote the body's healing abilities. These novel treatments can greatly improve wound closure, particularly in chronic and non-healing wounds.
Smart technology integration in wound care is growing in popularity. Real-time data on the wound healing process can be obtained using smart wound dressings with sensors that can monitor multiple factors, including temperature, pH, and infection signs. In addition, wearable devices and remote monitoring tools let medical staff keep tabs on patients' progress and act quickly when needed.
Download Sample PDF Brochure:
Targeted therapy, nanomaterial-based wound dressings, and enhanced medication delivery systems are all possible using nanotechnology. A therapeutic substance can be formulated into a nanoparticle to control release at a specific rate, promoting optimal healing conditions. The growing use of telemedicine and remote patient monitoring will probably impact wound care. To facilitate rapid interventions and progress tracking, patients can obtain instructions on wound care procedures, and healthcare experts can remotely assess wounds.
Global Wound Healing Market: Key Players
Leading wound healing companies are improving their marketing strategies to make their brand more visible in global markets. As part of their strategy to meet consumer demands, they are introducing new wound care products in order to provide efficient wound care. Enhancing product portfolios and maintaining profitability is possible through increased product development investments.
Baxter Medical Devices Business Services Inc. Mölnlycke Health Care AB 3M Integra LifeSciences Smith & Nephew Cardinal Health B. Braun SE Convatec Group PLC Svenska Cellulosa Aktiebolaget SCA (publ) Coloplast Group Hill-Rom Holdings Inc. Medline Industries Inc. Hollister Incorporated
In January 2023, Convatec, a global medical technology and products company, introduced ConvaFoam in the United States. With ConvaFoam, medical professionals and patients can benefit from an innovative family of foam dressings.
Key Findings of the Market Report
Based on wound type, chronic wounds are expected to drive demand for the wound healing market. In terms of products, bandages are expected to drive wound healing market demand. The global market was dominated by North America in 2022. Increasing minimally invasive surgeries is driving the wound healing market value upward.
Global Wound Healing Market: Growth Drivers
The increased prevalence of chronic wounds worldwide. The rising incidence of diabetes, an ageing population, and lifestyle-related variables have made chronic wounds, including diabetic foot ulcers and pressure ulcers, a significant healthcare concern. Due to the growing number of patients suffering from chronic wounds, the wound care market is expanding. Technological improvements in wound care products and therapies mostly drive the industry. Prolonged research and development endeavors have resulted in the launch of inventive remedies, such as growth factors, bioactive dressings, and sophisticated wound closure methods. With these technologies, patients are expected to heal more quickly, experience fewer infections, and have better overall results. The market is expanding and becoming increasingly diverse as more practitioners use these innovative wound care products. The wound healing market is growing as patient outcomes and healthcare quality increase. Globally, healthcare systems are highlighting how crucial it is to avoid wound complications, including infections and delayed healing, to improve patient outcomes and save expenses. Adopting advanced wound care products and therapies is driven by heightened awareness among patients and healthcare professionals, which fosters market growth.
Global Wound Healing Market: Regional Landscape
Wound healing is expected to be a leading market in North America. Chronic sores like diabetic foot ulcers are largely caused by diabetes, one of the major chronic diseases in North America. Diabetes is very common in the area, and its consequences can frequently result in chronic sores that need to be treated by a specialist. The healthcare industry needs advanced wound care products and therapies. Continuous research and technological breakthroughs in medical devices, biotechnology, and wound care products boost the wound healing market in North America. The region has embraced advanced wound dressings, bioactive materials, growth factors, and creative wound closure methods. These technological advancements seek to minimize problems, speed up healing, and improve wound efficacy.
Customize this report according to your needs@
Global Wound Healing Market: Segmentation
Foam Dressings Hydrocolloid Dressings Hydrogel Dressings Alginate Dressings Collagen Dressings Others
Elastic Bandages Compression Bandages Adhesive Bandages Liquid Bandages Others
Hemostatic Agents Antimicrobials Wound Cleansers Others
Adhesives & Sealants Staplers Manual Powered
Cloth Tapes Paper Tapes Silicon Tapes Others
Negative Pressure Wound Therapy Devices Oxygen Therapy Devices Others (Electro-magnetic Wound Therapy Devices) Others
By Wound Type
Surgical & Traumatic Wounds Burns
Infectious Wounds & Other Ischemic Wounds Ulcers
Pressure Ulcers Diabetic Foot Ulcers Arterial & Venous Ulcers Others
North America Europe Asia Pacific Latin America Middle East & Africa
Order a Copy of this Report at:
Go through further research published by Transparency Market Research:
Smart Syringes Market - The global market for smart syringes was estimated to have garnered a global market valuation around US$ 61.3 million in 2022. The market is anticipated to grow with a robust 10.9% CAGR from 2022 to 2031 and by 2031, the market is likely to gain US$ 152.3 million .
Artificial Limbs Market - The global artificial limbs market is expected rake in a revenue of US$2,869.3 mn, rising from a valuation of US$1,750 mn in the year 2016. These ball park figures allude to a steady 5.7% CAGR over the said duration.
About Transparency Market Research
Transparency Market Research , a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
USA – Canada Toll Free : 866-552-3453
Follow Us: LinkedIn | Twitter | Blog | YouTube
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.