Global Wound Care Market Set to Reach $30 Billion by 2029: Driven by Advancements in Wound Care Technologies, Increasing Elderly Populations, and Rising Chronic Conditions

The global wound care market is expected to reach $30.01 billion by 2029, growing at a CAGR of 5.26%. This growth is driven by advancements in wound care technologies, increasing elderly populations, and rising chronic conditions like diabetes. The market is segmented by product type, application, purchase mode, end-user, and region, with advanced wound care and North America leading. Key drivers include healthcare expenditure and aging demographics, while the high cost of advanced products remains a challenge. Key players like Smith & Nephew and MiMedx Group are focusing on technological advancements and expanding their market presence.