Chronic Wound Care Market: Trends, Innovations, and Growth Forecast 2023-2030
The global chronic wound care market size is expected to reach a value of USD 17.6 billion by 2030, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 4.07% from 2023 to 2030. Diabetes may increase the overall frequency and complexity of wounds such as infections, ulcerations (leg or foot ulcers), and chronic wounds, including surgical & traumatic wounds. For instance, according to a research article published in March 2021 by ScienceDirect, the prevalence of diabetes is expected to increase to 120 million people in 2030, thereby propelling market growth. The outbreak of COVID-19 has created large-scale opportunities for local manufacturers. Due to the restrictions on movement at international borders, the supply chain of major players has been disrupted. This has created an opportunity for local players to enter the market and meet the unmet demands of the end-users. The rising number of cases has led to a shortage of med...