Lucintel's latest market report analyzed that advanced wound care provides attractive opportunities in various end use industries, including hospitals, specialty clinics, and home healthcare. The advanced wound care market is expected to reach $XX billion by 2028 with a CAGR of 6% to 8%. In this market, surgical and traumatic wounds is the largest segment by wound type, whereas hospitals is largest by end use industry. Technological advancement in the wound care industry in developed regions, rise in the funding for wound care research, and a rising number of surgical site infections provides strategic growth path in this market.
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Based on wound type, the advanced wound care market is segmented into surgical and traumatic wounds, diabetic foot ulcers, pressure ulcers, venous leg ulcers, and burns & other wounds. The surgical and traumatic wounds segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to increasing number of surgical procedures performed and a rising frequency of chronic illnesses.
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The Advanced Wound Care Market is marked by the presence of several big and small players. Some of the prominent players offering advanced wound care include ConvaTec, Smith & Nephew, MiMedx,3M, Coloplast Corp, Tissue Regenix, Derma Sciences, Organogenesis, and Integra LifeSciences.
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