The global wound care market size was valued at USD 19.83 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 4.1% from 2021 to 2028. The demand for wound care products is increasing owing to the growing geriatric population; the high prevalence of chronic diseases, such as diabetes, cancer, and other autoimmune diseases; and the rising number of Ambulatory Surgical Centers (ASCs) across the globe. Unhealthy & sedentary lifestyles, high alcohol consumption, and smoking are some of the major factors contributing to the rise in the prevalence of non-communicable diseases.
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