The global wound care market was valued at USD 22.3 billion in 2023 and is projected to reach USD 31.7 billion by 2032, growing at a CAGR of 4.51% during 2024-2032. Key factors driving this growth include the rising prevalence of chronic diseases, advancements in wound care technologies, an expanding geriatric population, increased awareness of effective wound management, and the surging incidence of diabetes and obesity. Additionally, the expansion of healthcare infrastructure and innovations in biologics and regenerative medicine are further propelling market growth.

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