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Wound Care Biologics Market is estimated to surpass US$ 2.3 Billion with CACR of 6.9% over the forecast period by 2028 | Smith & Nephew Plc., Organogenesis, Inc

January 25th, 2022 Coherent Market Insights Releases

Wound care biologics are advanced bioengineered products utilized for non-recuperating wounds of the lower limit. Demand for wound care biologic products is relied upon to increment altogether as early intercession of diabetic ulcer can forestall serious complexities like disease, hospitalization, and removal. The wound care biologics market is relied upon to acquire critical footing, as the monetarily accessible skin substitutes have clinical and test proof of adequacy in wound mending.

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The global wound care biologics market was esteemed at US$ 1.2 billion in 2016 and is relied upon to display a hearty CAGR of 6.9% over the forecast time frame (2017-2025).

The high pervasiveness of diabetes is relied upon to support the growth of the market

The wound care biologics market is relied upon to acquire a huge foothold, with ascend in the global predominance of diabetes, as diabetic patients are inclined to create diabetic ulcers. As per the Global Diabetes Community, 2017, an expected 422 million grown-ups are living with diabetes globally, and this is relied upon to increment to 642 million by 2040. Additionally, as per the Journal of Foot and Ankle Surgery, 2016, expanding the number of diabetic patients has prompted expanded weight of diabetic confusions, where fringe neuropathy, foot ulceration, and Peripheral Arterial Disease (PAD) is two times as normal for diabetic patients when contrasted with non-diabetics, influencing 30% of the diabetics matured 40 years and above. The Advances in Wound Care Journal, 2015, likewise expressed that 15%-20% of the diabetic populace is probably going to foster chronic, non-mending foot wounds. Hence, wound care biologic products furnish patients with a financially savvy choice for overseeing chronic wounds, thereby lessening the monetary weight of the patients.

However, the high expense of skin graphing and similar biologics is a significant impediment to the growth of the market. For example, as indicated by the Advances in Skin Substitutes Journal, 2014, the cost for each 1% body surface region covered with Epicel, is assessed to be over US$ 13,000. This thus prompts expanding reception of option and practical wound care products, which is relied upon to adversely influence the growth of the market.

Asia Pacific market to display the quickest growth over the forecast time frame

The Asia Pacific is relied upon to show huge growth in the global wound care biologics market over the forecast time frame. This is inferable from the high commonness of diabetic patients in Asian nations. As per the Indian Diabetes Research Foundation, 2016, around 60% of the total populace experiencing diabetes lives in Asia, with around one-half in China and India joined. The Foundation additionally expresses that Western Pacific revealed over 138.2 million individuals experiencing diabetes, the number for which is relied upon to ascend to 201.8 million by 2035.

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Additionally, rising clinical tourism in the Asia Pacific is a significant driver for the growth of the market. The quantity of unfamiliar patients is expanding, inferable from reasonable treatment works with at hospitals for wound care the executives. As indicated by the overview by Brink Global Risk Center, 2017, around 4 million clinical tourists headed out to India for medical care administrations, 3.5 million unfamiliar patients went to Thailand, and 900,000 patients to Singapore in 2016, with the number expected to develop by 10%-14% by 2020.

Expanding frequency of chronic wounds and ulcers to speed up the market growth

Chronic wounds essentially affect the wellbeing and personal satisfaction of patients and their families, causing torment, passionate pressure, limitation on everyday exercises, discouragement, pain, and nervousness, with delayed medical clinic stay and chronic dismalness. As indicated by the Advances in Wound Care Journal, 2015, chronic leg and foot ulcers keep going for around a year on a normal, with repeat influencing up to 65% of patients, prompting loss of capacity and diminished personal satisfaction. It is additionally a critical reason for bleakness. The rising rate of horrible mishaps, for example, mishaps and fire mishaps causing consumption, foundational sickness, anti-toxin safe, chronic illness, medical procedure, and disabled versatility are the predominant factors bringing about expanding frequency of chronic wounds. The World Health Organization (WHO) additionally expresses that burns are the main source of bleakness, including delayed hospitalization, distortion, and disability-adjusted life year (DALYs) lost in low-and center pay nations. Accordingly, these factors are relied upon to be the main consideration supporting particle growth of the market over the forecast time frame.

North America is relied upon to be a predominant region in the wound care biologics market, inferable from the rising commonness of chronic non-recuperating wounds which represent a financial weight to the healthcare framework. As per the American Diabetes Association, 2016, the normal expense of recuperating a solitary foot ulcer is US$ 8,000 and that of a significant removal is $45,000. Besides, venous leg ulcers are the most widely recognized wound type in the U.S., influencing right around 2 million individuals.

Key manufacturers working in the global wound care biologics market are Osiris Therapeutics, Inc., Amino Technology LLC, Solsys Medical LLC, Alphatec Holdings, Inc., Skye Biologics, Integra Lifesciences Holdings Corporation, Organogenesis, Inc., and Smith & Nephew Plc.

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Reasons to Purchase This Report

• Current and future of Wound Care Biologics Market outlook in the developed and emerging markets
• The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
• Regions/countries that are expected to witness the fastest growth rates during the forecast period
• The latest developments, market shares, and strategies that are employed by the major market players

Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Application
      • Market Snippet, By End User
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Industry Trends
    • Technological Advancements
    • Regulatory Scenario
    • Reimbursement Scenario
    • Key Highlights
    • PEST Analysis
    • Epidemiology
    • Impact Analysis
  4. Global Wound Care Biologics Market, By Product Type, 2015–2025, (US$ Million)
    • Introduction
      • Market Share Analysis, 2015 and 2025 (%)
      • Y-o-Y Growth Analysis, 2016–2025
      • Segment Trends
    • Biologic Skin Substitutes
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2015–2025, (US$ Million)
    • Enzyme Based Formulations
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2015–2025, (US$ Million)
    • Growth Factors
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2015–2025, (US$ Million)
  5. Global Wound Care Biologics Market, By Application, 2015–2025, (US$ Million)
    • Introduction
      • Market Share Analysis, 2015 and 2025 (%)
      • Y-o-Y Growth Analysis, 2016–2025
      • Segment Trends
    • Chronic Wounds
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2015–2025, (US$ Million)
      • Segment Trends
        • Diabetic Foot Ulcers
        • Venous Leg Ulcers
        • Pressure Ulcers
    • Acute Wounds
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2015–2025, (US$ Million)
      • Segment Trends
        • Surgical Wounds
        • Burns
  6. Global Wound Care Biologics Market, By End User, 2015–2025, (US$ Million)
    • Introduction
      • Market Share Analysis, 2015 and 2025 (%)
      • Y-o-Y Growth Analysis, 2016–2025
      • Segment Trends
    • Hospitals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2015–2025, (US$ Million)
      • Segment Trends
        • In-patient Settings
        • Out-patient Settings
    • Clinics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2015–2025, (US$ Million)
    • Ambulatory Surgical Centers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2015–2025, (US$ Million)
    • Home Care Settings
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2015–2025, (US$ Million)
  7. Global Wound Care Biologics Market, By Region, 2015–2025, (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2015 and 2025 (%)
      • Y-o-Y Growth Analysis, For Regions, 2016–2025
    • North America
      • Market Size and Forecast, By Product Type, 2015–2025, (US$ Million)
      • Market Size and Forecast, By Application, 2015–2025, (US$ Million)
      • Market Size and Forecast, By End User, 2015–2025, (US$ Million)
      • Market Size and Forecast, By Country, 2015–2025, (US$ Million)
        • U.S.
        • Canada
    • Latin America
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
    • Europe
      • Germany
      • U.K.
      • France
      • Italy
      • Spain
      • Russia
      • Rest of Europe
    • Asia Pacific
      • China
      • India
      • Japan
      • Australia
      • South Korea
      • ASEAN
      • Rest of APAC
    • Middle East
      • GCC
      • Israel
      • Rest of Middle East
    • Africa
      • South Africa
      • Central Africa
      • North Africa

View Press Release: https://www.coherentmarketinsights.com/press-release/wound-care-biologics-market-to-surpass-us-23-billion-by-2025-834

About Us:

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

Contact:

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Email: sales@coherentmarketinsights.com
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