1. Health

Wound Care Market Size

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Wound Care Market – An Overview

The global wound care market is expected to witness moderate growth during the forecast period between 2021 and 2031.

Wound care products are used for timely healing of wounds and efficient infection control. Some of the common wound care products include antimicrobial dressings, collagen dressings, film dressings, foam dressings, and skin-care products.

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During the COVID-19 outbreak, several healthcare facilities were forced to assign key resources such as nurses the task to look after patients who had tested positive for the virus. As a result, the patients came to these facilities, having suffered wounds did not receive optimum treatment at all times, due to the lack of key resources.

This also impacted the demand for wound care products, since their requirement at hospitals had reduced and negatively impacting the wound care market.

But with vaccine availability and a decline in cases leading to easing of restrictions, it is expected that nurses would return to taking care of wounded patients soon and that could have a positive impact on wound care product demand and lead to improved growth in the wound care market.

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Wound Care Market – Trends and Opportunities

Rising investments for research and development activities and the launch of new, technologically advanced products to cure different types of wounds are expected to be the key growth drivers for the overall wound care market.

In addition to this, a higher prevalence of chronic and surgical wounds is expected to have a positive effect on the wound care product demand and, in turn, help in the growth of the wound care market.

A rise in burns in different body parts is also expected to drive the growth in the wound care market.

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 Wound Care Market – Competitive Landscape

The global wound care market is consolidated, with the presence of well-established and smaller players. Prominent players could collaborate with smaller players to expand their market presence and improve their revenue share.

Some of the key players in the wound care market include 3M, Cardinal Health, BSN Medical, Johnson and Johnson, Smith & Nephew, and Medtronic.

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