Wound Care Devices Market to reach USD 4.0 Billion by 2032, and grow at a CAGR of 4.9%
The global wound care devices market is booming, driven by various growth factors. Chronic wounds like diabetic foot ulcers, pressure ulcers and venous leg ulcers are the greatest contributing factors. Data from the Centers for Disease Control and Prevention (CDC) estimates that, in 2023, 37.3 million Americans (11.3% of the population) have diabetes, and 96 million adults (38.0%) have prediabetes. Such a high incidence of diabetes leads to a greater number of diabetic foot ulcers, a key market application for wound care devices.