Asia Pacific Advanced Wound Care Market Size Is Anticipated To Reach USD 3.06 Billion By 2030

 San Francisco, 11 Sep 2024: The Report Asia Pacific Advanced Wound Care Market Size, Share & Trends Analysis Report By Product (Moist, Antimicrobial), By Application (Chronic Wounds, Acute Wounds), By End-use, By Country, And Segment Forecasts, 2024 - 2030

The Asia Pacific advanced wound care market size is anticipated to reach USD 3.06 billion by 2030 and is projected to grow at a CAGR of 5.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. The rising incidence of chronic wounds is the major factor contributing to the market growth. For instance, in January 2023, MiMedx Group, Inc., a prominent player in placental biologics, secured an exclusive distribution partnership with Gunze Medical Limited, a subsidiary of Gunze Limited, to market EPIFIX exclusively in Japan.

Improvements in healthcare infrastructure and surgical accessibility drive demand for advanced wound care solutions, spurred by increasing surgical procedures and the prevalence of chronic diseases and age-related conditions. According to the United Nations ESCAP (Economic and Social Commission for Asia and the Pacific), by 2023, the Asia Pacific region is expected to have approximately 697 million individuals aged 60 years or older, constituting approximately 60% of the global older population, with one in every seven individuals in the region falling into this age group. Projections indicated that by 2050, one in every four individuals in the region will be aged 60 years or older.

Moreover, the rising prevalence of chronic ailments such as diabetes, cancer, and autoimmune disorders is expected to elevate the occurrence of chronic wounds in the Asia Pacific region. According to the World Health Organization (WHO), within the WHO South-East Asia Region, diabetes affects over 96 million individuals, leading to significant economic burdens on patients, their families, healthcare systems, and national economies due to associated complications such as blindness, kidney failure, heart attacks, strokes, and lower limb amputations.

Access Research Report of Asia Pacific Advanced Wound Care Market @ https://www.grandviewresearch.com/industry-analysis/asia-pacific-advanced-wound-care-market-report

Asia Pacific Advanced Wound Care Market Report Highlights

• Based on product, the moist segment led the market with the largest revenue share of 55.08% in 2023, owing to the increasing geriatric population in many Asian countries, coupled with rising incidences of chronic diseases such as diabetes. This has led to a higher prevalence of chronic injuries that require advanced wound care solutions. Also, the active segment is expected to grow at the fastest CAGR over the forecast period.
• Based on application, the chronic wounds segment held the market with the largest revenue share of 59.4% in 2023, owing to the technological advancements, encompassing a range of solutions, such as advanced injury dressings, negative pressure wound therapy systems, bioactive wound care products, and topical oxygen therapy devices, among others. On the other hand, the acute wounds segment is expected to grow at the fastest CAGR over the forecast period.
• Based on end use, the hospitals segment led the market with the largest revenue share of 46.9% in 2023, as chronic diseases and aging increase, hospitals face more patients needing advanced wound care, which boosts the demand for related products and treatments. The home healthcare segment is expected to grow at the fastest CAGR over the forecast period.
• China dominated the market with the highest revenue share of 20.77% in 2023, owing to the presence of key players and the rising geriatric population.

Asia Pacific Advanced Wound Care Market Report Scope

Report Attribute	Details
Revenue forecast in 2030	USD 3.06 billion
Growth rate	CAGR of 5.4% from 2024 to 2030
Base year for estimation	2023
Historical data	2018 - 2022
Forecast period	2024 - 2030

List of Key Players in the Asia Pacific Advanced Wound Care Market

• Mölnlycke Health Care AB
• 3M
• Smith & Nephew
• Baxter International
• Cardinal Health
• Medline Industries, Inc.
• ConvaTec Inc.
• Johnson & Johnson Services, Inc.
• Integra LifeSciences Corporation
• Braun Melsungen AG
• Coloplast Corp.
• Urgo Medical

Access Press Release of Asia Pacific Advanced Wound Care Market @ https://www.grandviewresearch.com/press-release/asia-pacific-advanced-wound-care-market-analysis

About Grand View Research

Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services.

For More Information: https://www.grandviewresearch.com/horizon