Chronic Wound Care Market Share

APAC Market Statistics

The Asia Pacific region is anticipated to witness the fastest growth in the upcoming years, backed by the rising number of diabetic patients along with the rapidly increasing elderly population. Moreover, there has been a surge in healthcare expenditure that is further expected to boost the market’s growth in the region.

North American Market Forecast

The North America chronic wound care market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2037. The growth of the market can be ascribed to the rising patient pool suffering from chronic wounds, the increasing geriatric population, the high prevalence of diabetic foot ulcers, growing healthcare expenditure, and the existence of adequate reimbursement policies in the region. For instance, in 2019, approximately 8 to 13 million people were affected by chronic wounds in the United States.  Moreover, there has been a surge in the number of sports related injuries in countries such as the U.S., that is expected to drive the market’s growth in the region.