The increasing number of cases of chronic wounds such as ulcers are influencing the global wound care biologics market growth. Factors attributing to the growing prevalence of ulcers include an aging population. US Census Bureau estimated that people aged over 65 years represented around 15% of the total population of the country in 2014. This share is further estimated to reach 21% by 2030 and 24% by 2060. Furthermore, as per the Agency for Healthcare Quality and Research, pressure ulcers (PU) affects around 2.5 million patients annually, which results in related costs range from $9.1 billion to $11.6 billion per year in the US.
Browse the full report description of "Global Wound Care Biologics Market Size, Share & Trends Analysis Report, By Product (Skin Substitute and Topical Agent), By Wound Type (Ulcers, Surgical and Traumatic Wounds, and Burns), By End-Use (Hospitals and Clinics, Burn Center, and Homecare) and Forecast 2019-2025" at https://www.omrglobal.com/industry-reports/wound-care-biologics-market
Though PU is largely preventable, however, it results in 60,000 mortalities annually in the country. Wound care biologics solutions are largely used by patients to prevent or reduce the effect of PU. As per the National Pressure Ulcer Advisory Panel (NPUAP) in 2016, the prevalence of leg ulceration is about 1% to 2% higher in the elder population. The most common type of leg ulcers is venous ulcers, that are accounting for almost 80% of all lower extremely ulcerations. Therefore, the high prevalence of PU and venous ulcers across the globe significantly drive the demand for wound care biologics products over the forecast period.
Moreover, about one-third of the patient with chronic venous insufficiency develops venous ulceration before the age of 40 years. Additionally, the venous ulcers are associated with a high rate of recurrence and may have prolonged duration, which causes the prevalence of ulcers. Diabetic ulcers are the most common cause of leg ulcers. Many of these ulcers are a direct result of the loss of sensation secondary to peripheral neuropathy.
According to NPUAP, about 15% of people with diabetes develop foot ulceration during their lifetime. One of the major difficulties of diabetes mellitus in the development of diabetic foot ulcers (DFU). Besides PU, venous ulcers, and diabetic ulcers, an increasing number of burning cases across the globe is also leading to the expansion of wound care biologics market size across the globe.
Current Market Trends Covered in the Global Wound Care Biologics Market Report
Global Wound Care Biologics Market Segmentation
By Product
By Wound Type
By End-Use
Global Wound Care Biologics Market – Segment by Region
North America
Europe
Asia-Pacific
Rest of the World