Patient-Centric Devices Promise Cost-Efficient Advanced Wound Care

The treatment of chronic wounds is challenging, not only because of the underlying biology, but also because of more practical considerations: fragmentation in the care settings, the logistics of delivering products to patients, and the costs of chronic care. Next generation advanced wound care companies are engineering solutions to these problems.

Advanced wound care is today a $5 billion industry, and it's growing because the underlying diseases that cause chronic wounds are also on the increase: diabetes, vascular disease, obesity, and the process of aging. There are 20 million people with chronic wounds in the world, five to seven million in the US, where the annual cost of treatment ranges from $20 to $30 billion. ( See Exhibit 1.)

Investors and strategics are very interested in "aging" plays these days, but that enthusiasm hasn't tended to extend to wound...

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