How is Rising Prevalence of Diabetes Driving Hong Kong Wound Care Market?

submitted 2 years ago by ResearchNews24 to Helth

The Hong Kong wound care market is predicted to reach a value of $80.7 million by 2030, rising from $46.0 million in 2019, progressing at a 5.4% CAGR during the forecast period (2020–2030), as stated by a P&S Intelligence report. The key factors leading to the growth of the market are the increasing incidence of traumatic injuries, surging prevalence of diabetes, and rising geriatric population. The market is bifurcated into traditional an advanced, on the basis of type.