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Advanced Wound Care Market Expected to Surpass $22 Billion by 2030

By MedTech Intelligence Staff
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Dollar, money

The aging population and the rising rate of diabetes globally are fueling market growth.

The global diabetic population is expected to grow more than 10% in the next 10 years. Compounded with the growing aging population (anticipated to reach 1.4 billion by 2030), the market for advanced wound care products is expected to surpass $22 billion by 2030, according to a report released by IDTechEx last week. As more patients require advanced wound care, healthcare providers will be expected to seek more efficient technologies that address patient needs. The report, “Advanced Wound Care Technologies 2020-2030”, covers technological improvements that industry can expect to see over the next decade, including devices that streamline wound care, diagnostics that enable early detection of bacterial infections, connected devices and sensors and technologies that help improve healing in the home care setting. Such technologies include ultrasonic probes for debridement, smart beds and shoes that help prevent ulcers, compression pressure monitoring sensors, point-of-care imaging devices, and 3-D wound imaging cameras.

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