Joe Goldberg 
The ‘Global Wound Care Market Size, Report and Forecast 2024-2032’ by Expert Market Research gives an extensive outlook of the global wound care market, assessing the market on the basis of its segments like product types, applications, end uses, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
Wound Care Market Size, Share, Growth, Trends, Industry Report, Key Player, Major Segments and Forecast
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The key highlights of the report include:
Market Overview (2018-2032)
- Forecast CAGR (2024-2032): 5%
The increasing enhancements in wound care management owing to the increasing rates of hospitalisation due to external injuries are driving the demand for wound care medical products. The rising prevalence of road accidents leading to chronic wounds is further escalating the market growth. According to the World Health Organisation, between 20 to 50 million people suffer from injuries caused by road accidents every year. In addition, the increasing health awareness among actively working adults is likely to bolster the wound care market growth.
Meanwhile, the growing prevalence of diabetes and infections from bacteria such as staphylococcus aureus, is further leading to an escalation in the cases of chronic wounds. The increasing inclination of youth towards sporting and adventure activities is further propelling cases of acute wounds. Moreover, some of the acute wounds such as burns can cause permanent injury to the skin and require efficient wound care treatment for proper healing.
In terms of regions, North America accounts for a significant share in the wound care market. Developed economies in the region such as the United States have a high healthcare expenditure with superior medical facilities. Strong foothold of major pharmaceutical companies in the region is another market driver.
Wound Care Industry Definition and Major Segments
Wound care is defined as a type of treatment which is aimed at treating wounds which break the skin, such as bed sores, injuries, skin ulcers, and pressure ulcers, among others. Wound care also involves the utilisation of products and therapies to accelerate the healing process of the parts which bear the load of the body.
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Based on product type, the market can be segmented into:
- Infection Management
- Active Wound Care
- Exudate Management
- Therapy Devices
On the basis of application, the market has been classified into:
- Chronic Wounds
- Acute Wounds
By end use, the market has been bifurcated into:
- Hospitals
- Community Health Service Centres
On the basis of region, the market can be categorised into:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Wound Care Market Trends
The key trends in the global wound care market include the increasing healthcare expenditure across the emerging economies, increasing geriatric population and cases of bed sores and ulcers associated with it. Rapid development of clinics and healthcare units across the emerging economies and increasing per capita income is making wound care treatment more accessible which is another key trend in the market.
The growing research and development activities in the pharmaceutical industry are the crucial trends which are escalating the development of minimally invasive treatment procedures. In addition, the increasing cases of skin-related injuries, traumatic wounds, and surgical wounds are accelerating the sale of wound care ointments and creams, thereby, adding to the wound care market growth.
The new report by Expert Market Research titled, ‘Global Virus Filtration Market Report and Forecast 2023-2031’, gives an in-depth analysis of the global virus filtration market, assessing the market based on its segments like product, applications, end-use, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2031)
- Historical Market Size (2023): USD 4.6 billion
- Forecast CAGR (2024-2032): 12.3%
- Forecast Market Size (2032): USD 13 billion
One of the major factors driving to the virus filtration is the rising prevalence of chronic diseases. The increasing number of chronic diseases such as cancer, diabetes, and autoimmune disorders is expected to drive biologics demand. The major driver, which is anticipated to increase the market growth during the forecast period, is the compliance of the product with drug development and manufacturing regulatory frameworks such as the Current Good Manufacturing Practice (cGMP) legislation. The increased focus on vaccines, protein treatments, blood products, cellular therapy products, gene therapy products, tissue products, and stem cell products is likely to stimulate demand for consumables such as reagents, kits, and membranes. Increased demand for outsourcing services that cater to the specialised demands of vaccine and therapeutic protein manufacturing companies has come from a surge in the number of vaccine and therapeutic protein manufacturing companies, providing lucrative growth potential for the industry.
Virus Filtration Industry Definition and Major Segments
Viruses are characterised as unwanted tiny contagious agents or particles that must be eradicated in order to prevent drug infertility, especially in the pharmaceutical sector. Virus filtration membranes are used to remove viruses from biopharmaceutical products during purification. It is a critical practice in the pharmaceutical sector because it ensures the purity and consistent consumption of vital products while also optimising the economic process and reducing waste. Virus filtering is usually done at the end of any process’ purification stage.
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By product, the market includes:
- Kits, Reagents, and Consumables
- Filtration Systems
- Services
The end use of the industry is divided into:
- Pharmaceutical and Biotechnology Companies
- Contract Research Organizations (CROs)
- Academic Research Organisations
- Medical Device Companies
The leading application of the industry includes:
- Biological
- Vaccines and Therapeutics
- Blood and Blood products
- Cellular and Gene Therapy Products
- Tissue and Tissue Products
- Stem Cell Products
- Medical Devices
- Water Purification
- Air Purification
On the basis of region, the industry is divided into:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Virus Filtration Market Trends
The demand for medicinal biologics is increasing, which drives up the demand for virus filtration products in research and development and manufacturing. CROs are cooperating with biotechnology and biopharmaceutical businesses to create new medications and therapies, which is projected to drive the market expansion. The increased usage of these products for virus filtration provides lucrative growth opportunities to the market. Product advancements and new product launches support vendors in maintaining their dominance in the market, which is anticipated to boost the market growth. The presence of big biopharmaceutical and biotechnology companies, well-developed healthcare infrastructure, and access to advanced products are some of the major factors contributing to growth of the marker. The increasing adoption of single-use technologies, coupled with rapid technological advancement, is anticipated to propel the market growth during the forecast period.
Key Market Players
The major players in the market are Merck Group, Asahi Kasei Corporation, Sartorius Group, General Electric, Danaher Corporation, Pendotech, Lonza Group, and Charles River Laboratories, Inc, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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