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Wound Care Biologics Market Technology Advancements and Business Outlook

Posté le: Jun-08-2021 | vue (427) fois | Word Count article: 426 |

Global Wound Care Biologics Market Predicted to Attain $2.0 Billion Valuation by 2024
In 2018, over 180,000 deaths were reported due to burn injuries every year, with majority of the cases occurring in the low and middle-income countries, as mentioned by the statistics published by the World Health Organization. Further, burns are considered to be one of the primary causes of disability-adjusted life years in low and middle-income countries. The report further mentioned that more than 1,000,000 people suffer moderate to severe burn injuries every year in India. Further, due to burns, about 17% and 18% children have become temporarily and permanently differently abled, respectively, in 2018 in countries, such as Pakistan, Egypt, Colombia, and Bangladesh. This is indicative of the growing demand for wound care biologics to treat burn injuries. Biologics are biological agents, such as plant-derived active biomolecules, which help mend the innate repair mechanisms and have anti-microbial, anti-inflammatory, and anti-oxidant properties.

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Wound care biologics are available as the following products: enzyme-based, cell-based, collagen-based, growth factors, and skin substitutes. Among these, the highest demand was for the skin substitutes type wound care products during 2014–2018. In the coming time as well, the demand is expected to be the highest for these products. These can be defined as a group of synthetic, biological, or a combination of both, which are used to cover the wound and help in repairing skin damage. They are available in the market in different material compositions and cellular components. They are majorly used in the treatment of full thickness and deep thermal wounds. In the coming years, the wound care biologics market is predicted to advance at a 7.0% CAGR.

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With technological advancements, the biomedical field has witnessed remarkable growth in the stem cell research. Stem cell therapy is being pursued for the treatment of different types of wounds. The treatment of chronic wounds is cost-intensive and require repetitive treatments. Therefore, to overcome these shortcomings, novel therapeutic approaches based on stem cells, are being researched on for wound management. One example is of CellMist Solution, which is developed by RenovaCare Inc. This product is a liquid suspension in which a patient’s own skin stem cells are suspended. The solution is loaded in a SkinGun and sprayed on the wound, which helps in wound healing, as the cells multiply and cover the wound. This is one such example of the regenerative ability of stem cells and their use in wound treatment and care, thereby establishing a trend in the wound care biologics market.

Source de l'article : Care Biologics Market Technology Advancements and Business Outlook _1058.aspx

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Mots-clés : Wound Care Biologics Market, Size, Share, Demand,

Catégorie : Writing et Parler : Writing articles

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