Advanced Wound Care Market Trends

Growth Drivers

• Growing Adoption of Technological Advancements such as Hydrocolloids, Hydrogels, Alginates, and Others – Conventional wound dressings can repair acute wounds in two to three months based on the area spread and depth of the skin tissue damaged. On the other hand, the chronic wounds may include bacterial infections, inflammation, ulcers, and diabetes. To heal such wounds significant care and implementation of complex wound-healing therapy are required. Some of these advanced wound healing methods are hydrocolloids, hydrogels, and duo-dermal patches, and are estimated to have a positive impact on the market growth.  According to observations, 97% of people around the globe preferred using hydrocolloid dressing compared to conventional daily dressing owing to its convenience, intrinsic healing properties, and lack of infections.
• Elevating Zinc Deficiency in Diet – Zinc is a necessary mineral that is important for numerous body processes, including the healing of wounds. A zinc shortage can result in slower wound healing and a higher risk of infection. As per the estimations, 18% of the global population is at risk of zinc deficiency on account of an imbalanced diet.
• Rising Number of Wound Healing Disorders, Such as Circulatory Deficiency, Malnutrition, and Sepsis – Poor blood flow to the wound site, or circulatory insufficiency, can cause a wound to heal slowly and risk infection. Diabetes, peripheral artery disease, and venous insufficiency are also a few possible causes of slow-healing wounds. Moreover, slow wound healing is also frequently brought on by malnutrition, and it is expected to increase the market’s growth in the upcoming years. The mortality rate of sepsis in adults in 2019 was 201,000 in the U.S. as observed.
• Increasing Prevalence of Vitamin D Deficiency – The immune system's correct operation as well as the preservation of strong bones, muscles, and skin depend on vitamin D. Poor wound healing is one of the health issues caused by a vitamin D deficiency. As per the survey, 1 in 6 adults in the UK suffers from vitamin D deficiency as of 2021.
• Growing Surgical Procedures Around the World – The number of patients needing post-operative wound care rises along with the frequency of surgical operations. The quantity and complexity of surgeries have increased as a result of developments in medical technology. According to the data available, the number of major surgical procedures performed worldwide each year was 230 million.

Challenges

• Expensive Nature of Wound Care Products - Advanced wound care products are highly expensive compared to general wound care products, which prevents their adoption in developing economies. The majority of patients and doctors in such economies opt for wound care treatments that are less expensive. Hence, the factor is projected to hinder market growth in the coming years.
• Declining Patient Visits for Wound Care
• High Risks Associated with the Usage of Advanced Wound Care Products