Aging demographics
Chronic disease and wound prevalance increases with age.
By 2050, the population aged 65+ will double to 2B billion
Economic perspective
Demand for healthcare and the associated costs are skyrocketing.
The wound care markets CAGR is 4.6% reaching USD 30B in 2030.*
Clinical perspective
Chronic wounds often persist traditional treatments. This results in prolonged healing, infections, and high risk of complications.
Patient’s perspective
Chronic wounds have a detrimental effect on physical, mental, emotional, and social well-being - including amputations and fatalities.
Healthcare perspective
Healthworker shortages is “a ticking time bomb”. Chronic wounds are care intensive and divert resources from more complex diseases.
Conclusion
Wound care must be reimagined. Scientific advances must be implemented at scale to improve outcomes and optimize resources, to sustain healthcare.
