Global wound care devices market to be valued at $4b by 2032

A key driver is the rising prevalence of chronic wounds.

The global wound care devices market is projected to hit $4b by 2032 at a compound annual growth rate of 4.9%, according to SNS Insider.

The sector’s expansion is attributed to an increasing prevalence of chronic wounds, advancements in technology, and a growing emphasis on effective wound management.

Chronic wounds such as diabetic foot ulcers, pressure ulcers, and venous leg ulcers are contributing to the rising demand.

Meanwhile, an ageing global population, along with rising cases of diabetes and obesity, is expected to further drive demand for advanced solutions in the coming years.