Southeast Asia Advanced Wound Care Market: Trends, Opportunities, and Growth Forecast 2023-2030
The South East Asia advanced wound care market size is expected to reach USD 353.78 million by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.11% from 2023 to 2030. The increasing number of people suffering from chronic wounds, a rise in technologically advanced wound care, and rising cases of traumatic accidents are expected to be the key driving factors for the market growth. There has been an increase in the number of people suffering from chronic disorders such as diabetes, as a result, the number of people suffering from diabetic foot ulcers is increasing. For instance, as per American Diabetes Association, the estimated national prevalence of diabetes in Thailand was calculated to be 9.6% of the population, i.e., around 2.4 million people. Similarly, according to PLOS, diabetes is estimated to affect around 7 million Malaysian by 2025. Thus, the rise in diabetes is anticipated to increase the num...