Overview
November 10, 2022 0:0 ET | Source: FACT.MR Rockvile, Maryland, UNITED STATES Seoul, Nov. 10, 2022 (GLOBE NEWSWIRE) - The alginate dresing market reached a valuation of US$ 1 billion in 2022. Furthermore, acros the 2022-2032 period of Assessment, growth is expected to acelerate at a 4.1% CAGR, reaching US$ 1.50 billion.
Key Information
The increasing prevalence of chronic and acute wounds is the primary driver of the sector. Acording to recent predictions published in NCBI (2022), the worldwide yearly incidence rate of diabetic foot ulcers is predicted to range betwen 9.1 milion and 26.1 milion. Similarly, the Independent Diabetes Trust in the United Kingdom stated in its report (2019) that whereas 278,0 individuals are treated for venous leg ulcers, around 15,0 people get diabetic foot ulcers each year.
Download a Sample Copy of This Reporthtps:/w.factmr.com/conectus/sample?flag=S&rep_id=785Furthermore, the increased prevalence of major burn injuries may drive market growth. Acording to the Undersea and Hyperbaric Medical Society, more than 2 milion burn injuries are recorded in the United States each year, with 14,0 individuals dying and another 20,0 requiring admision to a burn unit. Furthermore, around 75,0 people require hospitalization each year, with 25,0 of them staying for more than two months.
Furthermore, increased incidence of burns, trauma, and trafic acidents are expected to bost the industry's growth. For example, the WHO (2018) estimates that over 1,000 individuals in India sufer from severe or moderate burns each year.Alginate dresing can provide a great protective barier for newly healed skin that is stil intact, as wel as for partialy healed wounds that may require protection from potential surface harm.
Summary
Because of the aforementioned product benefits, adoption is expected to rise throughout the projection period.Key Takeaways from the Market StudySpeak To Research Analysthtps:/w.factmr.com/conectus/sam