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Stock impact report

Global $30+ Billion Wound Care Market Analysis and Forecast to 2029: MiMedx and Smith & Nephew Lead Innovations [Yahoo! Finance]

MiMedx Group, Inc (MDXG) 
Last mimedx group, inc earnings: 4/28 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
The global wound care market value in 2023 stood at US$22.06 billion, and is likely to reach US$30.01 billion by 2029. The global wound care market value is projected to grow at a CAGR of 5.26%, during the forecast period of 2024-2029. The wound care market has experienced significant growth over the years primarily due to advancements in wound care technologies and treatments, which offer more effective management of complex and chronic wounds. The rise in the global elderly population, increased prevalence of chronic conditions like diabetes, and a greater focus on improving patient outcomes have also driven market expansion. The key players are constantly investing in strategic initiatives, such as adoption of new technologies, introducing their products to emerging markets and more, to maintain a competitive edge in this market. For instance, in September 2023, MiMedx Group, Inc. launched EPIEFFECT, an advanced wound care solution, to expand its product portfolio. Also, in Ma Show less Read more
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