As per a statement by a market research firm, P&S Intelligence, wound care biologics market is experiencing growth, and it will continue to grow in the years to come.
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North America will be the leader of the industry. This has a lot to do with the increasing elderly population, innovation in wound care biologics, augmented contribution of private and public organizations in increasing consciousness on wound care, and the increasing count of burn cases.
Furthermore, the increasing occurrence of ulcers and growing keenness of patients for cutting-edge wound care products that have negligible side-effects and graft rejection are resultant in the high acceptance of wound care biologics in the region.
The industry will grow the fastest in the APAC region, mostly because of tech innovations, increasing elderly population, increasing count of burn cases and traumatic wounds, and increasing occurrence of chronic wounds. Asa per the World Population Ageing 2017, Asia witnessed a two-fold increase in its elderly population, with the people over the age of 60 years will reach to about 1.3 billion by 2050.
Increasing use of permanent and temporary skin substitutes and increasing requirement for combination dressings, for instance, silver collagen and collagen hydrochloride for the prevention of microbial infection in injured areas are the main trends of the wound care biologics market.
Also, growing emphasis of pharma and biotech companies on new biologics is subsequent in the expansion of new, improved products that are providing support to the wound care specialists for the treatment of the acute and chronic wounds, which comprises of venous leg ulcers, diabetic foot ulcers, pressure ulcers, and surgical and burn injuries, in an improved way.
It is because of the increasing elderly population and the increasing count of surgeries happening all over the world, the demand for wound care biologics will continue to grow in the years to come.
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