The global wound care biologics market size is expected to reach USD 3.71 Billion by 2028 at a CAGR of 10.1%, according to the latest report by Reports and Data. Increasing incidence of chronic injuries such as diabetic foot ulcers and burn injuries, rising focus on advancement of treatment options, and growing burden of diseases across the globe are key factors expected to drive market revenue growth over the forecast period. In addition, increasing use of temporary skin substitutes and growing focus of pharmaceutical and biotechnology companies to develop advanced biologics are some other factors expected to contribute to revenue growth of the market going ahead.
Biologic wound healing therapies aim to accelerate the re-establishment of tissue repair mechanisms through the application of active biological agents that have antioxidant, antimicrobial, or anti-inflammatory attributes. Biologic dressings prevent water loss, heat loss, and protein and electrolyte loss and minimizes the risks of contamination. Wound care biologics accelerate wound closure and optimizes wound healing environment. Over the last decade, rapid advancement in understanding wounds and their pathophysiology have led to significant innovations in treatment of acute, chronic, and other wounds.
Rising incidence of diabetic foot ulcers, increasing rate of burn injuries, and growing geriatric population and high rate of injuries are some key factors driving market growth – Our Expert Opinion
Growing incidences of burn injuries have increased the preference for wound care biologics as it enables rapid recovery with low-risk of contamination and zero complications. Rapid availability of superior quality biologics and growing investment to accelerate development of safe and high-quality wound care biologics are some other key factors expected to drive market growth over the forecast period. However, high costs associated with treatment and growing incidence of skin graft and substitute rejection are expected to hamper market growth to a certain extent over the forecast period.
Some Key Highlights from the Report:
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Competitive Landscape:
The report also focuses on details of each market player including its global position, financial standing, revenue generation, company overview, and product & service portfolio. The Wound Care Biologics market is extremely competitive and consists of several key players at the regional and global levels. Key players are focused on adopting various strategies such as new product launches, mergers and acquisitions, investments in R&D, partnerships, joint ventures, and collaborations to strengthen their market position and enhance their product portfolio.
Leading companies operating in the market are:
Smith & Nephew, Mölnlycke Health Care AB, Integra LifeSciences Corporation, Wright Medical, MiMedx Group, Vericel Corporation, Anika Therapeutics, Osiris Therapeutics, Organogenesis, Kerecis, Solsys Medical, ACell, Lavior Inc., and Marine Polymer Technologies, Inc.
The report also offers detailed insights about market segmentation based on type, application and regional bifurcation:
Wound Care Biologics Market Segmentation:
Type Outlook (Revenue, USD Million; 2018–2028)
Application Outlook (Revenue, USD Billion; 2018-2028)
Regional Outlook:
Some essential purposes of the Wound Care Biologics market research report:
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