The latest report on Wound Biologics Market (by product (skin substitutes and growth factors)) provides complete and deep insights into the market dynamics and growth of wound biologics industry. The latest information on market risks, industry chain structure wound biologics cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential wound biologics growth factors. According to report the global wound biologics market is projected to grow at a CAGR of 19.9% over the forecast period of 2018-2024.
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Wound healing is a complex process that involves the activation and synchronization of intracellular, and extracellular elements. The wound is healed with tissue regeneration and scar formation. Wound biologic healing helps in re-establishment of the natural repair mechanisms, which includes the application of active biological agents, such as plant-derived active biomolecules which reveal antioxidant, antimicrobial, or anti-inflammatory attributes.
The report defines the wound biologics market as a product type of wound biologics such as skin substitutes and growth factors. Biologic skin substitutes have a wide range of applications. The increasing demand for tissue-engineered and cell-based therapies for the treatment of chronic wounds, skin substitutes are used.
Rising Demand of Advanced Biologics in the Wound Care Treatment Owing to the High-Efficiency Rate is Projected to Boost the Growth of Wound Biologics Market
The frequent occurrence of skin diseases, chronic wounds, rising incidences of burns and harmful accidents are the factors driving the growth of the wound biologics market worldwide. In addition, the rising demand of advanced biologics in wound care treatment owing to the high-efficiency rate is projected to boost the growth of the wound biologics market over the forecast period. In 2017, according to Global Diabetes Community, 422 million adults are living with diabetes worldwide, which is expected to increase to 642 million by 2040. However, the high cost of biologics and possible complications after undergoing wound biologics treatment may restrain market growth. Moreover, increasing demand of innovative products for treatment is expected to create more opportunities for this market.
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North America is Expected to Be the Largest Market for Wound Biologics
Among the geographies, North America is expected to be the largest market for wound biologics followed by Europe. growing occurrence of chronic diseases and rising demand for recombinant factors are likely to propel the growth in this region. While, Asia-Pacific is expected to grow fast during the forecast period owing to high prevalence of diabetic patients in Asian countries. In 2016, Indian Diabetes Research Foundation states that over 60% of the world’s population suffering from diabetes lives in Asia- Pacific region.
Segments of Global Wound Biologics Industry
The report on global wound biologics market covers segments such as, product. On the basis of product, the global wound biologics market is categorized into skin substitutes and growth factors.
Key Players of the Wound Biologics Industry
The report provides profiles of the companies in the global wound biologics market such as, Avita Medical, ConvaTec, Acelity, Cytori Therapeutic, MacroCure, Nuo Therapeutics, Molyncke Health Care, Osiris Therapeutics, Smith and Nephew and Organogenesis.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the wound biologics.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research– Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.