United States Wound Care Market Insights Report 2023: a $17.49 Billion Market by 2028 With Johnson & Johnson, 3m, and Medtronic Dominating
Featured Global News News Technology United States US

United States Wound Care Market Insights Report 2023: a $17.49 Billion Market by 2028 With Johnson & Johnson, 3m, and Medtronic Dominating



Dublin, Aug. 04, 2023 (GLOBE NEWSWIRE) — The “US Wound Care Market – Focused Insights 2023-2028” report has been added to ResearchAndMarkets.com’s offering.

The US wound care market is witnessing impressive growth, with a projected value of $17.49 billion by 2028, up from $12.54 billion in 2022, representing a substantial CAGR of 5.7%

This report offers a comprehensive analysis of the entire US wound care market, covering crucial aspects such as the increasing adoption of advanced wound care products, driven by better reimbursement options and constant product launches from key vendors to gain market share.

The market’s expansion is further fueled by the continuous growth in the target population, creating a higher demand for effective wound care solutions. With the economic burden of wound care in the US estimated at around $20 billion, healthcare bodies are actively implementing strategies and regulations to reduce this burden and encourage the adoption of advanced wound care products for faster recovery and reduced re-admissions.

The US boasts a high level of awareness among wound care specialists, with specialty wound care hospitals collaborating with larger healthcare facilities to provide enhanced patient care. Wound care encompasses a wide range of acute and chronic injuries, from burns and surgical incisions to diabetic foot ulcers, pressure ulcers, and venous ulcers, and involves a variety of products and devices, including bandages, dressings, wound therapy devices, and skin grafts, tailored to the severity of the wound.

Source : Globe News Wire

Translate