The prime reasons that will propel the market growth are; rising research and development expenditure on wound care product, increasing prevalence of overall diabetes population across the world, growing per capita health care expenditure, rising government expenditure on healthcare, rising number of accidents across the world, increasing the number of trauma injury and increasing chances of infection etc. The Global Wound care market is anticipated to cross US$ 25 Billion Mark by the end of the year 2025.
Major challenges that will hinder the market growth are; the cost of advance wound care product is quite high. In global context, the high demand of advanced wound care product from emerging economies. Moreover development of innovative wound care product will further encourage the market to outperform.
Wound care or wound management offers a portfolio of products that can heal a sophisticated or complex wound like diabetes wound and ulcers. This wound management is based on moisture therapy that can repair or heal the wound site (cells and tissue) in a very natural way.
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