Wound Care Biologics Market to Witness Huge Growth in 2026


Posted February 15, 2019 by hawerr

The rising prevalence of diabetic ulcers in increasing which is expected to gain traction for wound care biologics market.

 
The global wound care biologics market is expected to gain momentum owing to rapid technological improvements such as skin substitutes, scaffolds development, and bio-membranes. These products are bioengineered and used for non-healing injuries of lower adversity. The market is likely to witness growing demand for wound care products as some severe complications may be prevented in case of early detection of the diabetic ulcer. The wound care biologics are intended to restore natural repair mechanism. Wound care biologics comprises of various processes which include inflammation and coagulation events, accumulation of fibrous tissues, collagen deposition, the formation of epithelial cells, reduction in wound size, the formation of granulation tissues and finally restoration.

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The research report offers a detailed overview of wound care biologics market globally. It does so by collating historical data, verifiable estimations on market size, and detailed qualitative insights. The projections used in the report have been collected by doing primary and secondary research. Primary research has been compiled via surveys and interviews. Secondary research entails authenticated paid sources, trade journals, publications, and press releases. The report also offers key trends, drivers, and opportunities to the key players in the wound care biologics market. In addition to this, it explains some of the restraints negatively impacting the global market. Value chain analysis has been used for understanding the competitive landscape of key players in the wound care biologics market.

The rising prevalence of diabetic ulcers in increasing which is expected to gain traction for wound care biologics market. One of the primary factors responsible for the growth of wound care biologics is the rising pool for elderly patients across the globe. According to the International Diabetes Federation (IDF), the number of people suffering from diabetes is estimated to reach 642 Mn by the end of 2040 from 415 Mn in 2015. Diabetes leads to ulcers which increase demand for premature death and disability. These factors may boost demand for wound care biologics in the coming years. Another factor driving the growth of wound care biologics is rising incidences of burn injuries. According to WHO, around 2.65 lakhs burn injuries occur in a year and this poses a massive economic burden on healthcare systems. Various technological improvements will drive the wound care biologics market in the years to come. Also, rising government initiatives will aim to raise awareness of diabetic ulcers amongst patients. This further will stimulate rapid adoption of wound care biologics in the forecast period.

However, high-cost of wound acre biologics may result in unaffordability for diabetic patients, thus inhibiting the growth of wound care biologics market. Also, producing accurate wound care biologics may restrict the wound care biologics growth in the forecast period.

The global wound care biologics market is divided geographically with regions which include Europe, Asia Pacific, North America, and the Middle East and Africa. Among these, North America is likely to lead the wound care biologics market. This is on the back of presence of large key players, easy accessibility to wound care biologics products and rising prevalence of diabetic ulcers among patients. However, Asia Pacific may also witness significant growth in the coming years owing to the presence of a growing geriatric population, an increasing number of research and development activities, and the rising penetration of key players.

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Some the companies operating in the global wound care biologics market incorporate Integra LifeSciences Corp., Vericel Corporation, Anika Therapeutics, MiMedx Group, Mölnlycke, Health Care AB, Smith & Nephew, Osiris Therapeutics, and Wright Medical among others. Companies are planning to invest more in designing the products so as to survive the competition.

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Last Updated February 15, 2019