Regenerative Wound Care to be dominated by the Ulcers wound type through 2028
Increased
demand for treatment of acute and chronic wounds is expected to drive the
growth of Global Regenerative Wound Care Market in the forecast period.
According to
TechSci Research report, “Regenerative Wound Care –Industry Size, Share,
Trends, Opportunity, and Forecast, 2018-2028”, Global Regenerative Wound Care
is expected to witness an impressive growth during the forecast period. This
can be ascribed to the growing burden of non-healing chronic wounds.
Additionally, the increase in production of regenerative wound care products is
also boosting the growth of market in future years. Furthermore, the rise in
ageing population, increased number of diabetic patients, increasing number of
surgical procedures performed, among others is further expected to support the
market growth during the forecast period.
Technological
advancements such as the use of 3D printers for different tissue engineering
products coupled with use of more specialized and advanced printers such as
skin printers for the development of skin substitutes is expected to create
lucrative opportunities for the market growth.
However, high
costs of regenerative wound care therapies and products can restrict the market
growth during the forecast period. Additionally, lack of awareness and adoption
of regenerative wound care especially in the emerging countries is further
expected to slow down the market growth through 2028. Also, availability of
substitute wound care products can further hamper the market growth.
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Global Regenerative Wound
Care can be segmented by type,
by wound type, by end user and by region.
Based on type, the market can
be categorized into autologous stem cells, biological skin substitutes,
tissue/multiple tissue platform, fetal skin, regenerative wound care devices,
and others. During the forecast period, the segment of regenerative wound care
devices is expected to register significant growth since various companies
operating in the market are developing regenerative wound care devices for
wound healing and treating burns and ulcers. For instance, the autologous cell harvesting
device RECELL was produced by Avita Medical. With this gadget, secondary wound
dressing is aided. Burns can also be treated with this gadget.
Based on wound type, the
market can be segmented into ulcers,
surgical & traumatic wounds, and burns. The increasing incidence of diabetes coupled with growing geriatric
population has significantly increased the prevalence of diabetic foot ulcers. WHO estimates that 60
million people in the European region have diabetes. Diabetes is becoming more
common in the European region among people of all ages.
In terms of end user, the market can be grouped into hospitals,
ambulatory surgical centers, burn care centers & wound clinics, and others.
The hospitals segment dominated the market in 2022 on account of high patient
flow in hospitals.
Major companies operating in Global Regenerative Wound Care Market are:
- DeCell
Technologies Inc.
- Avita Medical,
Inc.’
- Organogenesis,
Inc.
- Histogen, Inc.
- RenovoDerm
(Nanofiber Solutions, LLC)
- StemsysBio
- Koninklijke DSM
N.V.
- MiMedx Group,
Inc
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“North America
is expected to dominate the global regenerative Wound care Market during the
forecast period on account of growing prevalence of chronic disorders and
injuries and accidents leading to different types of chronic wounds. Besides,
increasing healthcare and research & development expenditure in the region
especially in the United States is expected to drive the market growth.
Besides, increasing clinical trials to develop regenerative wound care products
and devices in the region especially in United States is further supporting the
market growth. “said Mr. Karan Chechi, Research Director with TechSci Research,
a research based global management consulting firm.
“Regenerative Wound Care Market-Global Industry
Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Type (Autologous Stem Cells, Biological Skin
Substitutes, Tissue/Multiple Tissue Platform, Fetal Sin, Regenerative Wound
Care Devices, Others), By Wound Type (Ulcers, Surgical & Traumatic Wounds,
Burns), By End User (Hospitals, Ambulatory Surgical Centers, Burn Care Centers
& Wound Clinics, Others), By Region and Competition”, has evaluated the future growth potential of Global Regenerative
Wound Care and provides statistics & information on market size,
structure, and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Global Regenerative Wound Care.
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