The market for advanced wound dressings is expanding

The main goals of wound closure and advanced wound care are to accelerate wound healing, stabilize wounds, relieve wound symptoms and pain management, and solve various problems of patients. It is essential for effective closure and accelerated healing of all types of surgical wounds, burns, ulcers, traumatic lacerations and radionecrotic wounds.

It ensures functional closure of wounds in a non-invasive and aesthetically pleasing manner, accelerates wound healing, reduces patient pain, reduces the chance of wound complications and recurrence, and improves the overall quality of life of patients by enhancing their independence and functional status. The global wound closure and advanced wound care market is expected to reach $255.278 million by 2026 and will grow at a mid-single digit CAGR from 2019 to 2026.

Factors such as increasing acute and chronic wound burden in the global population, increasing number of surgical procedures related to chronic diseases, rapidly increasing elderly population, longer wound healing time and increased susceptibility to various wounds are driving the market growth. On the basis of wound type, the market is segmented into acute wounds and chronic wounds.

The Acute wounds segment, which accounted for the largest revenue in 2019, is expected to have a mid-single-digit CAGR from 2019 to 2026, driven primarily by an increase in the number of surgical procedures globally and an increase in the prevalence of chronic diseases such as cancer and other gastrointestinal diseases requiring surgical incisions.

From 2019 to 2026, the chronic wounds segment is expected to grow at a mid-single digit CAGR. The main reasons for the fastest growth in this segment are the increasing prevalence of diabetes in the world population, the increasing incidence of cardiovascular disease and cancer, the rising global incidence of pressure ulcers associated with increased hospitalization rates and the increasing elderly population.

Among wound dressings, the foam dressings segment accounted for the largest revenue in 2019 and is expected to grow at a mid-single digit CAGR.

The global wound closure and Advanced wound Care applications market is segmented into burns, ulcers, surgical wounds, trauma lacerations, and radionecrosis. Among them, surgical wounds accounted for the largest proportion. Due to the high prevalence of various types of ulcers and various chronic diseases in the global population, the ulcers segment is the fastest growing segment.

According to the wound-healing Association, chronic wounds can be classified as pressure ulcers, venous ulcers, diabetic foot ulcers, and arterial insufficiency ulcers. These diseases are increasing due to the rise in diabetes, obesity and the elderly population.

Older adults with stroke, dementia, diabetes, reduced mobility, and healthy people who stay in the ICU for a long time are more likely to develop pressure ulcers. Obesity and diabetes can lead to an increased incidence of foot ulcers.

The annual incidence of diabetic foot ulcers is estimated to be between 9.1 and 26.1 million worldwide.

The global annual incidence of diabetic foot ulcers is estimated to be 6.3%, and the lifetime incidence of foot ulcers in diabetic patients is reported to be 19-34%.