Impact of Covid-19 on Wound Care Biologics Market to Witness Promising Growth Opportunities During 2020–2027 | CAGR 10.1%
: New York, United States, 17-July-2020, (Via WiredRelease), (Reports and Data) – The Global Wound Care Biologics Market was valued at USD 1.56 Billion in 2019 and is estimated to reach the valuation of USD 3.32 Billion by the year 2027 at a CAGR of 10.1%. Treatment for several diseases has become simple, efficient, and cost-effective with advancements in technology. Wound care biologics is one of the innovations in the healthcare sector and includes advanced textile materials that help cure or treat wounds. The global wound care biologics market has recorded significant growth in the last few years and is expected to record substantial growth in the forecast period.
The increasing use of temporary and permanent skin substitutes, surging demand for combination dressings, rising focus of the Pharma and Biotech companies on advanced biologics to develop novel and improved products are some factors that are expected to propel the growth of the global wound care biologics industry. The growing geriatric population across the globe will also contribute to the growth of the market. The Global Wound Care Biologics Market is expected to witness substantial demand in the coming years after the outbreak of the coronavirus epidemic. The report studies major companies that control a significant portion of the global market share.
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The report also focuses on start-up traction in the sector, highlighting recent events and emerging companies in the industry. For instance, in June 2019, Smith & Nephew launched the new PICO 14 single-use negative-pressure wound therapy system that has a pump duration of up to 14 days. It is used in treating large and deep wounds, with reduced interventions.
Key participants include
Smith & Nephew, Organogenesis, MiMedx, Integra, Osiris, Derma Sciences, Inc., Soluble Systems, Amnio Technology, LLC, Medline, Skye Biologics, Alphatec Spine, Inc., and Pinnacle Transplant Technologies.
For the purpose of this report, Reports and Data have segmented into the global Wound Care Biologics market on the basis of type, propellants, application, and region:
By Type (Revenue, USD Million; Volume in Tons, 2017–2027)
Biologic Skin Substitutes
Enzyme Based Formulations
By Application Type (Revenue, USD Million; Volume in Tons, 2017–2027)
Regional Outlook (Revenue, USD Million; 2017-2027)
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