APAC leads wound care market with 7.46% CAGR growth through 2029

Smart technologies are gaining traction in the region.

The Asia Pacific (APAC) region is projected to record the fastest compound annual growth rate (CAGR) of 7.46% in the global wound care market until 2029, said Research and Markets.

The region’s expansion is attributed to a rapidly ageing population, an increase in chronic health conditions, and a higher volume of surgical procedures.

Meanwhile, chronic diseases such as CVD, diabetes, cancer, and respiratory diseases are on the rise in APAC, accounting for over 61% of deaths.

“Furthermore, some smart technologies, such as smart wound and bioactive dressing, are becoming more popular in the region,” the report said.

The global market was valued at $33.13b in 2023 and is projected to reach $46.77b by 2029 at a CAGR of 5.92%. The rising demand for advanced solutions is expected to play a key role in its expansion.