HOUSTON: India along with China, Australia, Japan and Brazil is expected to serve as a new revenue pocket for the wound care market which is expected to reach $ 18.3 billion by 2019, according to a new report.
The active wound care market is expected to register the highest growth rate in the wound care market during the forecast period, owing to the continuous launch of new and advanced products, according to rnrmarketresearch.com, a market research website.
The report said factors that would contribute to the growth of wound care market include rising awareness regarding new and advanced products for wound treatment, rising aging and diabetic population and increasing demand in the emerging markets like India, China and Japan.
Furthermore, government support in the form of funding is another major factor providing impetus for its growth.
However, factors such as high costs of wound care products may restrain growth of this market.
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