Wound Care Biologics Market Growth, Share, and Business Statistics
Wounds, in which the epidermis is torn apart and the deeper layers of the dermis are exposed, are one of the most-easily recognizable signs of a physical injury. Wounds can range from a simple skin abrasion to those that end up exposing the bone! Apart from injuries, wounds can be a result of surgeries and also certain diseases. The severe wounds, if not closed off in time, can lead to excessive blood loss and, ultimately, death. Therefore, due to the increasing awareness about the dangers of unhealed wounds, P&S Intelligence says that the wound care biologics market will grow from $1.4 billion in 2018 to $2.0 billion by 2024, at a 7.0% CAGR during 2019–2024. With advancements in the healthcare sector, traditional wound care products, such as gauze, are being replaced with biologics, which are agents synthesized from living organisms. Growth factors, skin substitutes, and an array of cell-based, collagen-based, and enzyme-based biologics are now available for wound care. Among thes...