The Traditional Wound Management Market is estimated to be valued at US$ 2,080.8 Mn in 2023 and is expected to exhibit a CAGR of 3.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Traditional wound management products are used for the treatment of various types of acute and chronic wounds such as pressure ulcers, diabetic foot ulcers, and venous leg ulcers. Some key traditional wound management products include gauzes, bandages, tapes, dressings, and advanced wound care products. These products help in protecting wounds from external bacteria and infections, absorbing wound exudate, and maintaining a moist environment for healing.

Market Dynamics:
The traditional wound management market is expected to witness high growth owing to the growing prevalence of chronic wounds globally. According to the estimations of National Health Interview Survey, around 6.7 million people in the US were suffering from chronic wounds in 2017. The increasing cases of diabetes and the rising geriatric population are also contributing to the growing chronic wound burden globally. Additionally, advanced wound care products are often costly, hence traditional wound management products remain the first line treatment for various acute and chronic wounds, thereby supporting the market growth over the forecast period. However, the high cost of advanced traditional wound management products may hinder market growth.

For more details on the report,  Read -https://samruddhicmi123.blogspot.com/2023/12/the-traditional-wound-management-market.html