Wound Care Market Share, Trends and Industry Overview 2030

Fri, 29 Nov 2024 08:30:56 +0000

The global wound care market is anticipated to reach USD 29.57 billion by 2030, growing at a CAGR of 4.19% from 2025 to 2030, according to a new report by Grand View Research, Inc. The increasing number of surgical cases, a rapidly aging population, as well as a rising number of diabetic patients, are among the major factors driving this market’s growth. For instance, according to Ageing Asia, as of 2019, more than 139 million people, i.e., about 10% of India’s total population, were over 60. This is expected to increase up to 19.5% in 2050. The geriatric population is more susceptible to wounds, and thus, increasing the number of elder populations, the wound care market is anticipated to propel during the forecast period.