The healing of wounds is a complicated process which involves the synchronizing and activating of various intracellular, extracellular as well as intercellular elements, which includes coagulatory and deposition of collagen, epithelialization, fibrous tissue accretion, wound contraction, inflammatory events, tissue granulation and remodeling. Wound care biologics are biologically engineered products that are used for non-healing wounds with lower extremity.
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Biologic wound healing therapies are intended to smooth the re-start of the innate repair mechanisms and it also includes the application of active biological agents like various plant-derived active biomolecules that exhibit antioxidant, anti-inflammatory or antimicrobial attributes. Biologic dressings prevent evaporative water loss, protein and electrolyte loss, heat loss, and contamination. Wound dressings products mainly consist of gauzes, bandages, collagen dressings, sponge, hydrocolloid dressings, and hydrogel dressings and they play an important role in the treatment of burns. These also permit autolysis debridement and help in developing a granular wound bed. Wound Care Biologics utilizes biological skin equivalents, stem cell therapies, epidermal growth factors, and tissue engineering.
COVID-19 scenario analysis:
Pharmaceutical and biotech companies together with governments around the globe are working to address the COVID-19 outbreak, from supporting the development of vaccines to planning for medicines supply chain challenges. Currently, around 115 vaccine candidates and 155 molecules are in the R&D pipeline. Moreover, commonly used drugs such as Hydroxychloroquine have witnessed a dramatic surge in demand for the management of COVID-19. Such high demand for these drugs has presented huge opportunities for manufacturers of COVID-19 management drugs, as many developed countries are short of these drugs. Owing to the demand for vaccine and treatment drugs for COVID-19, the pharmaceutical and biotechnology industry is expected to witness a significant growth in the future.
Owing to such factors, COVID 19 is expected to have a significant impact on wound care biologics market.
Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
Significant increase of utilization of temporary and permanent skin substitutes, growing demand for combination dressings, rising focus of biotechnological and pharmaceutical companies on new biologics are the key trends observed in the wound care biologics market. Increasing interest in biologics is resulting in the upgrading of new and improved products thatused in wound care specialists for treatment of acute and chronic wounds which include diabetic foot ulcers (DFUs), venous leg ulcers (VLUs), pressure ulcers, and surgical and burn injuries.
Increasing incidence of diabetic foot ulcers, geriatric population, and soaring burn injuries globally are also affecting the growth of the Wound Care Biologics positively. The demand for wound care biologics is quite high among the elder population, specifically for the management of chronic wounds. Other factors affecting the growth of the market are increasing incidences of burn injuries in developing and underdeveloped countries, an increase in the geriatric population globally, innovations and new medicines in wound care biologics in North America, and various Government initiatives for Wound Care Biologics around the world. Key industry players operational in this market are rigorously working on research and Development and invest large sums to develop quality wound care biologics products
Surge in usage in hospital ambulatory surgical centres applications:
The majority of the Wound Care Biologics Market is accounted for by hospitals and ASCs. Ambulatory surgical centres offer lower-priced procedures because they have a lower cost structure compared to the traditional hospital setting. Although the cost structures are low, the operational efficiencies are uncompromised that increases their preference. Additionally, ASCs are generally located in the suburbs and rural areas that provide patients with better access that should positively impact the segmental growth.
Key benefits of the report:
- This study presents the analytical depiction of the global Wound Care Biologics industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global Wound Care Biologics market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the global Wound Care Biologics market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the wound care biologics market.
- The report provides a detailed global Wound Care Biologics market analysis based on competitive intensity and how the competition will take shape in coming years.
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