Wound Care Market: Regional Insights and Growth Trends for 2024 to 2030
In 2023, the global wound care market reached an estimated valuation of USD 22.25 billion and is projected to expand at a compound annual growth rate (CAGR) of 4.17% from 2024 to 2030. This growth is fueled by a rise in surgical procedures and a higher prevalence of chronic diseases worldwide. Additionally, the market is significantly impacted by the increasing incidence of diabetes, largely due to more sedentary lifestyles. According to the Centers for Disease Control and Prevention (CDC) as of April 2023, 37.3 million Americans have diabetes, with another 96 million adults classified as prediabetic. This high prevalence of diabetes has led to increased demand for wound care products, especially to treat diabetic foot ulcers—a common complication for those with diabetes. Wound care products are essential in treating diabetic foot ulcers, which, if left untreated, can lead to severe complications such as amputations. The National Institutes of Health (NIH) reported in August 2023...