Increased demand for treatment of acute and chronic wounds is expected to drive the growth of Global Regenerative Wound Care Market in the forecast period.
According to TechSci Research report, “Regenerative Wound Care –Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028”, Global Regenerative Wound Care is expected to witness an impressive growth during the forecast period. This can be ascribed to the growing burden of non-healing chronic wounds. Additionally, the increase in production of regenerative wound care products is also boosting the growth of market in future years. Furthermore, the rise in ageing population, increased number of diabetic patients, increasing number of surgical procedures performed, among others is further expected to support the market growth during the forecast period.
Technological advancements such as the use of 3D printers for different tissue engineering products coupled with use of more specialized and advanced printers such as skin printers for the development of skin substitutes is expected to create lucrative opportunities for the market growth.
However, high costs of regenerative wound care therapies and products can restrict the market growth during the forecast period. Additionally, lack of awareness and adoption of regenerative wound care especially in the emerging countries is further expected to slow down the market growth through 2028. Also, availability of substitute wound care products can further hamper the market growth.
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Global Regenerative Wound Care can be segmented by type, by wound type, by end user and by region.
Based on type, the market can be categorized into autologous stem cells, biological skin substitutes, tissue/multiple tissue platform, fetal skin, regenerative wound care devices, and others. During the forecast period, the segment of regenerative wound care devices is expected to register significant growth since various companies operating in the market are developing regenerative wound care devices for wound healing and treating burns and ulcers. For instance, the autologous cell harvesting device RECELL was produced by Avita Medical. With this gadget, secondary wound dressing is aided. Burns can also be treated with this gadget.
Based on wound type, the market can be segmented into ulcers, surgical & traumatic wounds, and burns. The increasing incidence of diabetes coupled with growing geriatric population has significantly increased the prevalence of diabetic foot ulcers. WHO estimates that 60 million people in the European region have diabetes. Diabetes is becoming more common in the European region among people of all ages.
In terms of end user, the market can be grouped into hospitals, ambulatory surgical centers, burn care centers & wound clinics, and others. The hospitals segment dominated the market in 2022 on account of high patient flow in hospitals.
Major companies operating in Global Regenerative Wound Care Market are:
- DeCell Technologies Inc.
- Avita Medical, Inc.’
- Organogenesis, Inc.
- Histogen, Inc.
- RenovoDerm (Nanofiber Solutions, LLC)
- StemsysBio
- Koninklijke DSM N.V.
- MiMedx Group, Inc
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“North America is expected to dominate the global regenerative Wound care Market during the forecast period on account of growing prevalence of chronic disorders and injuries and accidents leading to different types of chronic wounds. Besides, increasing healthcare and research & development expenditure in the region especially in the United States is expected to drive the market growth. Besides, increasing clinical trials to develop regenerative wound care products and devices in the region especially in United States is further supporting the market growth. “said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Regenerative Wound Care Market-Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Type (Autologous Stem Cells, Biological Skin Substitutes, Tissue/Multiple Tissue Platform, Fetal Sin, Regenerative Wound Care Devices, Others), By Wound Type (Ulcers, Surgical & Traumatic Wounds, Burns), By End User (Hospitals, Ambulatory Surgical Centers, Burn Care Centers & Wound Clinics, Others), By Region and Competition”, has evaluated the future growth potential of Global Regenerative Wound Care and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Regenerative Wound Care.
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