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Global Wound Care Biologics Market

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 Global Wound Care Biologics Market

The global wound care biologics market was valued at USD 1,648.7
million in 2018, which will grow at a CAGR of 6.7% during the
forecast period. Several products such as growth factors, skin
substitutes, and collagen-based products majorly contribute to the
wound care biologics market size. Increasing geriatric population,
increasing the incidence of burn injuries, increasing awareness for
wound care management, growing prevalence of ulcer and target
conditions are propelling the growth of the market.

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 Global Wound Care Biologics Market

Global wound care biologics market has been driven by several key factors, predominantly increasing geriatric
population and increasing incidence of burn injuries. Moreover, increasing awareness for wound care
management, growing prevalence of ulcer and target conditions across the globe is propelling the demand
for wound care biologics. Development of technologically advanced products is also one of the key growth
drivers for the global market as conventional methods of wound management are being rapidly replaced by
technologically advanced products for effective and faster healing.

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 Global Wound Care Biologics Market

Geographically, North America is the largest wound care biologics market as the region is home to a large
number of industry players. Some of the other factors leading to the growth of the North American market
are growing research activities, the highest healthcare expenditure globally, and increasing prevalence of
diabetes. For instance, according to Centers for Disease Control and Prevention (CDC), in 2015 approximately
23.1 million people in the U.S. had diabetes. The increasing cases of burn cases and increasing investment for
research and development are also supporting the growth of the North American market.
Asia-Pacific is observed to witness the fastest growth in the market as the region comprises of largest
population and the awareness for wound management is increasing rapidly among them. In addition,
government support for wound management is also creating a positive impact on the wound care biologics
market growth in the region.

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 Global Wound Care Biologics Market

Some of the key players operating in the global wound care biologics market are Integra LifeSciences
Corporation, MiMedx Group Inc., Wright Medical Group N.V., Osiris Therapeutics Inc., Vericel Corporation,
Kerecis Limited, Anika Therapeutics Inc., Acell Inc., Skye Biologics Inc., Solsys Medical, Marine Polymer
Technologies Inc., Kerecis Limited, Smith & Nephew plc, and Mölnlycke Health Care AB.

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