Antimicrobial Regenerative Wound Matrix Market size is expected to reach USD 40 Billion by the end of 2036, growing at a CAGR of 4% during the forecast period i.e., 2024-2036. In the year 2023, the industry size of the antimicrobial regenerative wound matrix was USD 7 Billion. Primarily the growth of this market is anticipated to be driven by the increasing prevalence of acute and chronic wounds such as burns or diabetic ulcers among eldering people or people with diabetes are raising the burden on patients and the healthcare system. As per data, globally 6.5% of people are predicted to suffer from diabetic foot ulcers.
The concept of moist wound healing, used in antimicrobial regenerative wound matrix, has become widespread and is associated with faster recovery rates, reduced pain, better infection control, less scar formation as well as lower healthcare costs. Its use as skin skin-based ingredient offers substitute treatment identifies high efficacy, and in some cases, it is cost friendly compared to traditional therapies.
Growth Driver
Challenges
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Base Year |
2023 |
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Forecast Year |
2024 - 2036 |
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CAGR |
~4% |
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Base Year Market Size (2023) |
~USD 7 Billion |
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Forecast Year Market Size (2036) |
~USD 40 Billion |
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Regional Scope |
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Wound (Acute, Chronic)
Based on wound, chronic segment in antimicrobial regenerative wound matrix market is set to hold the largest revenue share of 60% during the forecast period 2024-2036. The underlying pathological conditions that contribute to the deterioration of wound healing are often associated with chronic wounds. The wounds can be identified with help of symptoms such as loss of skin or tissue around the wound or by the duration it requires for healing plus they are complex to head as well. The demand for antimicrobial regenerative wound matrix is due to the fact that if a wound becomes permanently infected, it will require extensive healthcare therapy and care products in order to heal. There are 10.5 million US Medicare beneficiaries with chronic wounds. The quality of life of nearly 2.5 million people in the United States is affected by chronic wounds.
Application (Hospital, Healthcare Institution, Hospitality, Retail, Corporate, Transportation Sector)
Based on application, the hospital segment in antimicrobial regenerative wound matrix market is predicted to hold the highest CAGR of 30% by 2036. A high rate of usage of antimicrobial regenerative wound matrix can be encountered in hospitals globally. The need for an antimicrobial regenerative wound matrix arises from the proliferation of chronic diseases, e.g. diabetes, cancer, other autoimmune diseases, sedentary lifestyle, and alcohol & smoking. Considering the high number of diabetic patients, leading to growing cases of chronic wounds, the growing number of an aging population and these playing critical roles in the wound care segment in hospitals are reasons driving the segment growth in the prediction period.
Our in-depth analysis of the global market includes the following segments:
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Wound |
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Material |
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Application |
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North American Market Forecasts
The antimicrobial regenerative wound matrix market in the North America region is set to hold the largest CAGR of 35% during the studied period. The growth of this market can be ascribed to the back of growing advancement in healthcare services and medical infrastructure in the region. Additionally, increasing awareness among citizens regarding the importance of wound care and its management is also driving the expansion of this market. As per statistics, the North American region accounts for the prevalence of diabetic foot ulcers 13% global population. Further, market demand for anti-microbial regeneration wound matrix is driven by the growing hospitality sector in North America, as well as increasing numbers of patients with diseases. Prevalence of supportive reimbursement policies in North America are promoting the high integration of chronic wound care products as a result driving the market expansion in the region.
APAC Market Statistics
The antimicrobial regenerative wound matrix market in the Asia Pacific region is set to grow significantly during the time period between 2024-2036. Factors behind the growth of this market include the easy and affordable availability of healthcare services and products in the region. Furthermore, growing awareness about wound management and increasing disposable income of people in the region have increased healthcare spending in the region. In addition to this, increasing growth of the healthcare sector in regions such as China, Japan, and India is also expected to drive growth in the antimicrobial regenerative wound matrix market during the anticipated period.
Author Credits: Radhika Gupta, Shivam Bhutani
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