Wound Care Market Size, Share, Outlook, and Opportunity Analysis, 2019 – 2026

 

Wound Care Market

Chronic wounds have become more widespread over the previous decade as the world's senior population, diabetes prevalence, and obesity rates have all increased. Obesity and diabetes increased the rate of wounds and its complications, such as ulcers, surgical wounds, and infections that require treatment.

Furthermore, as the number of cases of age-related wound injuries rises, the market will expand even faster during the projection period. Since a large number of countries implemented lockdown to prevent community transmission of the COVID-19 virus, the impact of COVID-19 on the industry has been observed to be unfavourable. Due to supply chain interruptions and a drop in non-urgent in-person clinic visits, the Wound Care market experienced a short-term disruption during the early days of the COVID-19 pandemic, which had a negative impact. Several manufacturers have been compelled to cease their production and manufacturing operations due to the rapid spread of the coronavirus. In hospitals and other healthcare settings, the possibility of patients developing COVID-19 infection slowed market expansion. To battle the COVID-19 pandemic, special care and steps are being taken for needy patients in a controlled atmosphere, which will help the sector flourish to some level.

One of the primary elements fueling the industry's growth is the world's growing senior population. According to the United Nations Department of Economic and Social Affairs, the world population had 703 million persons aged 65 and up in 2019, with that number predicted to rise to 1.5 billion by 2050.Because older wounds heal slowly and require more medical attention, a substantial increase in the geriatric population will open up prospects for enhanced wound care Market. In addition, wound treatment becomes more difficult in the elderly due to the increased risk of infection, particularly in the case of severe wounds.