GlobalData’s Wound Care Management Device reports are essential reading. Wounds and injuries are common afflictions that affect billions worldwide. Many millions of people suffer from trauma and burns as a result of accidents, natural disasters, and violence. The increasing rates of risk factors coupled with a need for cost effective treatments mean the demand is rising for innovative wound care management devices. There has been steady advancement in therapies as more effective and comprehensive methods are used to treat patients, including mechanical wound closures, NPWT devices and tissue engineered – skin substitutes. Globally the wound care management market was valued at $33.9 billion in 2017, and is expected to expand to $45.5 billion by 2024 with a stable Compound Annual Growth Rate (CAGR) of 4.3%.
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