Advanced Wound Care Market to surpass USD 15.7 Billion, with a compound annual growth rate at 4.8%
This rise in the incidence of chronic diseases across the world is creating demand for more advanced wound care products. Additionally, the increasing geriatric population that is known to experience slow healing is expected to boost the advanced wound care market revenues. For instance, for example, according to data from the United Nations Population Fund\'s India Aging Report 2023, the number of elderly people in India has doubled from 149 million by 2022 to 347 million by 2050.