The global market for biomaterials in wound healing and regeneration is experiencing substantial growth. Factors driving this include a rise in chronic conditions like diabetes, an aging global population, and increasing demand for advanced wound care therapies. According to Meticulous Research, this market is expected to reach approximately $29.7 billion by 2027, growing at a CAGR of 6.5% from 2020. Despite potential hindrances like high costs and regulatory issues, the advent of innovative biomaterials for wound dressings and regenerative medicine opens new growth avenues. The focus on biocompatible, biodegradable, and antimicrobial materials underscores this dynamic market's potential.
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