Topical Wound Agents Market Analysis

End-user (Hospitals, Clinics); Distribution Channel (Hospital Pharmacies, Retail Pharmacies, E-Commerce)

The global topical wound agents market is segmented and analyzed for demand and supply by end-user into hospitals, clinics, and others, out of which the hospitals segment is estimated to hold the largest share over the forecast period on the back of a growing count of patients’ hospitalization who is suffering from chronic and acute wounds. Since a large number of countries are paying adequate attention to the healthcare infrastructure, it becomes quite convenient to receive desired treatment.  For instance, the Centers for Medicare & Medicaid Services stated that in 2020, 131.1 million hospital visits occurred in the United States, out of which 38 million were owing to injury-related visits. Furthermore, the increasing prevalence of chronic wounds including venous leg ulcers, infectious wounds, ischemic wounds, surgical wounds, and wounds from radiation poisoning which need specialized treatment is allowing the population to opt for hospital and its technologically advanced products are anticipated to boost a significant revenue generation of the segment.

Application {Acute Wound (Surgical & Traumatic Wound, Burns)

The global topical wound agents market is also segmented and analyzed for demand and supply by application to acute wounds and chronic wounds. Out of these, the chronic wound segment is forecasted to hold the largest share of the market. The major factor attributed to the growth is the increased prevalence of chronic diseases such as diabetes, obesity, and others which leads to chronic wounds including diabetic foot ulcers, venous leg ulcers, and many more. Topical wound agents are effective medical products that heal chronic wounds in a painless way. Also, the rising cases of surgical procedures, traumatic incidents, and accidents are anticipated to rise the number of chronic diseases which ultimately generates a high demand for topical wound agents.

Our in-depth analysis of the global market includes the following segments: