Wound Care Market to reach USD 33.99 billion by 2032 and grow at a CAGR of 5.08%

The Wound Care Market is being propelled by various factors including advancements in wound treatment technologies, an aging population, and the increasing incidence of chronic conditions. According to research, chronic wounds, including diabetic foot ulcers and pressure ulcers, affect millions of individuals worldwide. In the U.S. alone, approximately 6.5 million people suffer from chronic wounds, with diabetes being a key contributor. A study from the National Institutes of Health (NIH) suggests that diabetic patients are at a heightened risk for developing these wounds, with about 15% of individuals with diabetes developing foot ulcers in their lifetime. As the global population ages, the prevalence of such chronic conditions is expected to grow, thereby increasing the demand for wound care treatments.