Wound Skin Care Market Trends

Growth Drivers

• Growing Geriatric Population - According to the estimation of WHO, over the world, 1 in 6 people is projected to be aged over 60 by 2030. This is projected to grow double by 2050. However, with the growth in the age the prevalence of pressure ulcer is also predicted to grow. There are various risk factors associated with the growth in the prevalence of pressure ulcers, however, pressure is considered the significant factor for its prevalence. Old people are highly prone to the spread of these skin lesions owing to the changes correlated with the aging process. Furthermore, the process of healing of wounds is slow and intricate among old people. An important initial stage of healing which is the inflammatory response, is frequently detained in aging skin. This detained may cause a prolonged inflammatory phase, affecting the remodeling stages and subsequent proliferation. As a result, the demand for wound skin care segment is flourishing.
• High Prevalence of Surgical Site Infection - Surgical site infections (SSIs) are infections that arise in the wound of an invasive surgical procedure, and they endure to be a common complexity of surgical procedures even though there has been different advancements made in infection control practices. Various factors boosting the risk of surgical site infection are poor scars that are cosmetically impermissible, including those that are developing, keloid, or hypertrophic; itching and persistent pain; and limitation of movement, particularly when it occurs over joints and have a notable impact on the well-being of emotions.
• Surge in Adoption of AI in Wound Skin Care - With the evolvement in healthcare, new artificial intelligence (AI) applications are emerging that have the possibility to revolutionize the method one approach to wound care. By enhancing diagnosis, monitoring, and treatment, AI has the potential to remarkably upgrade patient outcomes and limit the cost of healthcare. Furthermore, AI may guide clinicians in order to develop personalized plans for treatment based on each patients’ unique characteristics of the wound, medical history, and more.

Challenges

• High Cost of Wound Skin Care - With the advancement in wound skin care, the price associated with this treatment is also growing. Hence, the demand for wound skin care might fall owing to two major elements and that is affordability and accessibility. The price rise may prevent people and also the healthcare facilities from adopting this solution. Therefore, the growth in wound skin care market revenue is poised to be hindered.
• Lack of Awareness Among People In developing nations, the knowledge regarding wound infection is limited among people. This includes identifying signs of infection, techniques of appropriate dressing, and timely medical intervention. As a result, this factor is set to hinder the expansion of the market.
• Lack of Availability of Treatment in Developing Nations