Wound Dressing Industry Shows Remarkable Growth Potential in the Forecast Period 2023-2030
Wound Dressing Industry Data Book | Forecast 2030 The global wound dressing market size was valued at USD 61.0 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 4.5% from 2022 to 2030. Increasing incidence of chronic diseases such as diabetes, cancer, and other autoimmune diseases is anticipated to increase the incidence rate of chronic and acute wounds across the globe. Factors such as antimicrobial resistance, unhealthy & sedentary lifestyles, and tobacco & alcohol consumption are contributing to the rising prevalence of non-communicable diseases. Furthermore, technological advancements are projected to have a significant impact on wound dressing industry in the coming years. The quality of life of patients suffering from chronic wounds improves as technology advances and becomes more affordable. For instance, in December 2022, MediWound Ltd. obtained the U.S. Food and Drug Administration (FDA) approval for its NexoBrid. This product ...