Increasing research and development activities for introduction of novel burn care and wound care products is expected to drive market growth over the forecast period.
For instance, in February 2021, a new research project led by Lancaster University (UK) was launched to explore the potential of plasma-activated antimicrobial hydrogel therapy (PAHT) for the treatment of diabetic foot ulcer (DFU).
Key players operating in the market are focusing on launching new burn care and wound care products, which is expected to drive growth of the global burn care and wound care market over the forecast period.
For instance, in September 2020, MiMedx Group, Inc., a U.S.-based advanced wound care and therapeutic biologics company, announced the launch of its new advanced wound care product called EpiCord Expandable, a placental tissue allograft for the treatment of diabetic foot ulcers. The new EpiCord Expandable is designed in a way that the allograft covers up to twice the surface area once expanded in order to support the advanced wound care needs of patients suffering from chronic as well as hard-to-heal wounds.
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