The wound care biologics market, endorsed by the ever-increasing global geriatric population, is likely to depict a commendable rise in remuneration in the years ahead. With the surge in the elderly populace and the subsequent rise in the number of government initiatives that promote the availability of better wound care treatments, the demand for wound care products is likely to increase ahead. While most of the commercially available wound care products, ranging from over-the-counter (OTC) items to prescription products, are quite affordable, some of the these, falling under wound care biologics, owing to the process through which they were developed, are considerably costly, making them inaccessible for a certain proportion for the populace.
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The advancements in wound care biologics are one of the most prominent factors behind the exponentially increasing limit of life expectancy. As the geriatric population is easily susceptible to a plethora of chronic infections as well as chronic ailments such as foot ulcers caused by diabetes and other endocrine diseases, the demand for wound care products is expected to increase exponentially. The rise in this demographic is thus expected to prove extremely conducive for wound care biologics market growth.
With an uptick in venous leg ulceration among elderly population in North America and Europe, leading companies are gearing to bolster wound care biologics market revenue. Venous leg ulcers may be the result of the obstruction in the functioning of blood supply from legs to heart for purification.
Since the venous leg ulcers can derail blood supply, skin substitutes are highly sought-after in the treatment of veins in the leg. Venous leg ulcers segment was pegged at over US$195 million in 2018, significant growth is projected by 2025.
Inclination for wound healing products in hospitals will potentially instill confidence among stakeholders. Poor blood flow and nerve damage have aggravated diabetes complication, thereby leading to a foot ulcer. According to the CDC report, around 34.2 million people have diabetes in the U.S.
A palpable rise in healthcare budget in the U.S. and Canada has triggered growth in North America wound care biologics market value. CDC further claims that around 88 million American adults have prediabetes. Moreover, an uptick in the proportion of older population and rampant chronic diseases have further signified the penetration of wound care biologics.
Asia Pacific is also likely to be replete with investments in light of soaring cases of chronic diseases, including diabetes and AIDS. In addition, improving healthcare systems in India, China and Japan have augured well for stakeholders eyeing to expand their portfolios in APAC wound care biologics market.
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Partial Chapter of the Table of Content
Chapter 4. Wound Care Biologics Market, By Product
4.1. Key segment trends
4.2. Skin substitutes
4.2.1. Market size, by region, 2014-2025 (USD Million)
188.8.131.52. Market size, by region, 2014-2025 (USD Million)
184.108.40.206.1. Market size, by region, 2014-2025 (USD Million)
220.127.116.11.1. Market size, by region, 2014-2025 (USD Million)
18.104.22.168.1. Market size, by region, 2014-2025 (USD Million)
22.214.171.124. Market size, by region, 2014-2025 (USD Million)
4.3. Topical agents
4.3.1. Market size, by region, 2014-2025 (USD Million)
Chapter 5. Wound Care Biologics Market, By Wound Type
5.1. Key segment trends
5.2. Diabetic foot ulcers
5.2.1. Market size, by region, 2014-2025 (USD Million)
5.3. Venous leg ulcers
5.3.1. Market size, by region, 2014-2025 (USD Million)
5.4. Pressure ulcers
5.4.1. Market size, by region, 2014-2025 (USD Million)
5.5. Surgical wounds
5.5.1. Market size, by region, 2014-2025 (USD Million)
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