Wound Care Biologics Market Global Trends, Share, Size, Growth, Opportunities and Forecast to 2030
Wound Care Biologics Market Highlights Growing aging population, increasing prevalence of chronic diseases and burn injuries, and increasing healthcare expenditure are expected to drive the growth of the market. According to the American Diabetes Association, in 2015, about 30.3 million suffer from diabetes in the Americas. Moreover, in the US, 486,000 were suffering from burn injuries from 2011 to 2015. On other hand, the high cost of treatment, lack of awareness, and poor education and training can restrain the market growth over the assessment period. The global wound care biologics market is anticipated to have held a market value of USD 1.20 billion in the year 2030 and is expected to grow at a CAGR of 10.50% during the forecast period. Biologic wound care products involve assisting in wound healing. Biologic wound care products restore the tissue integrity by regeneration and scar formation. It is gaining popularity as a treatment modality for the management of chro...