'The Global Advanced Wound Care Market Will be Worth $16.3bn by 2023' Says Visiongain Report

'The Global Advanced Wound Care Market Will be Worth $16.3bn by 2023' Says Visiongain Report PR Newswire LONDON, December 10, 2012 LONDON, December 10, 2012 /PRNewswire/ -- A new report by visiongain, a London-based business information provider predicts the global advanced wound care market to be worth $16.3bn by 2023. The market generated $6.5bn in 2011, according to Advanced Wound Care: World Market Prospects 2013-2023, published in November 2012. Clinicians and patients now prefer advanced products over the traditional ones, as they are more efficient in wound healing and reducing hospital stays. The advanced wound care market is expected to achieve strong growth in the future, driven by an aging population, and increasing prevalence of diabetes and obesity leading to more chronic wounds. Amritha.M.Ramakrishnan, healthcare industry analyst says "The advanced wound care products have become physicians' preferred choice for treatment of chronic wounds. New product launches, increased penetration of existing products into developing countries and technological advancements will drive future growth. In the recent years, advanced wound care products have enjoyed strong growth mainly driven by moist wound care products and to a small extent by wound care devices and biologics. Most of the research is now being focused on wound care devices and biologics, as the moist wound care market is saturated.