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Seattle, November 15, 2021/PRNewswire/ - According to data from Coherent Market Insights, by the end of 2028, the value of the global wound care market is estimated to reach 31.8246 billion.

Wound care products are used to cover wounds and prevent microbial infections, spread of tissue necrosis and promote wound healing in a short time. Wounds are caused by tissue damage caused by accidents, physical activities such as sports activities, burns, and chronic diseases such as diabetes. Wound dressings can be performed by medical professionals, trained professionals or even patients themselves over a period of time. Due to the increasing incidence of accidents, chronic diseases and burns, the wound care market continues to grow. Innovative technological advances in wound dressing technology, new dressings and healing methods, population aging, and patient awareness are other reasons for making a significant contribution to the global wound care market.

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The launch of new products is expected to drive the growth of the global wound care market during the forecast period. For example, in April 2020, Arch Therapeutics, Inc. received the CE mark for its first-class care product AC5TM local hemostatic device, which is designed to be used as a dressing and to control bleeding from skin wounds in outpatient and hospital settings.

In addition, the research and development of wound care is also expected to promote the growth of the global wound care market during the forecast period. For example, in December 2019, MediWound Ltd. initiated the Phase II clinical study of EscarEx, which is a topical biologic candidate for the treatment of venous leg ulcers through enzymatic debridement of chronic wounds.

Increasing wound care funding is expected to provide profitable growth opportunities for participants in the global wound care market. For example, in March 2020, Synedgen, Inc. received US$1 million from the National Defense Agency’s Small Business Innovation Research Program to commercialize its products SynePure Wound Cleaner (SynePure) and Catasyn Advanced Technology Wound Hydrogel (Catasyn)

In addition, the development of products that reduce patient discomfort is also expected to contribute to market growth. For example, in 2019, Sanara MedTech Inc. launched its wound irrigation and debridement system to remove biofilms and at the same time debride the wound and reduce patient discomfort.

Major players operating in the global wound care market focus on adopting various strategies to increase their market share. For example, in April 2021, SANUWAVE Health, Inc. announced its brand name change. The company focuses on the development and commercialization of a powerful and innovative portfolio of advanced wound care products for the repair and regeneration of skin and vascular structures.

The major players in the market also focus on the research and development of new products. For example, in December 2019, Misonix, Inc., a manufacturer of minimally invasive ultrasound medical equipment for precise bone carving, soft and hard tumor resection, and tissue debridement, announced the publication of two new large-scale real-world studies demonstrating its clinical effectiveness. All human split-thickness skin allograft TheraSkin is used to treat complex wounds.

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Major players operating in the global wound care market include 3M Company, Acelity LP, Inc., Baxter International, Inc., Cardinal Health, ConvaTec Group PLC, Coloplast A/S, Integra Lifesciences, Johnson & Johnson, Inc., Organogenesis Inc. . ., and Smith & Nephew Plc.

Major players operating in the global wound care market focus on developing and launching new products to expand their product portfolio. For example, in October 2021, Healthium Medtech launched the TRUSHIELD NXT surgical wound dressing.

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Coherent Market Insights is a global market intelligence and consulting organization focused on helping many of our clients achieve transformational growth by helping them make key business decisions. We are headquartered in India, with sales offices in Global Financial Capital in the United States, and sales consultants in the United Kingdom and Japan. Our customer base includes participants from various business verticals in more than 57 countries/regions around the world.

Mr. Shah Senior Client Partner-Business Development Coherent Market Insights Tel: United States: 1-206-701-6702 United Kingdom: 44-020-8133-4027 Japan: 81-050-5539-1737 India: 91-848-285-0837 Email: [Email Protection] Website: https://www.coherentmarketinsights.com Follow us: LinkedIn | Twitter

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