Rising prevalence of diabetes will help the global active wound care market gain momentum, predicts Fortune Business Insights, in their recent study. The study is titled “Active Wound Care Market: Global Market Analysis, Insights, and Forecasts, 2018 – 2025.” The market, as per the study is prognosticated to exhibit a CAGR of 5.3% and be worth US$ 2039.9 Mn from US$ 1361.7 Mn within the forecast period of 2018 to 2025.
In terms of ulcer, diabetic foot ulcer segment is expected to register high rate of growth because of the rising prevalence of diabetes worldwide. According to the National Institute of Health (NIH), foot ulcer is a common problem associated with diabetes, comprising 15% of diabetics worldwide. Healing of ulcer may get complicated if not taken proper care. This factor fuels demand in the ulcer segment, which is expected to continue dominating the global market in coming years.