Global Advanced Wound Care Market

Advanced Wound Care Market Size, Share, Growth Analysis, By Product (Dressings, Devices & Accessories), By Wound Type (Surgical Wounds, Diabetic Foot Ulcers), By End-User (Hospital, ASCs), By Region - Industry Forecast 2025-2032


Report ID: SQMIG35D2182 | Region: Global | Published Date: December, 2024
Pages: 157 | Tables: 96 | Figures: 76

Advanced Wound Care Market News

in Advanced Wound Care Industry

  • In April 2023, 3M’s modernized 3M™ Veraflo™ Therapy, got its first FDA clearance for hydromechanical elimination of infectious materials, wound debris, and non-variable tissue, which decreases the amount of surgical debridement needed, while helping granulation tissue formation, making a wound healing environment. 
  • In July 2023, Coloplast signed a contract to purchase Kerecis, an emerging biologic wound care company for USD 1.3 billion. With this acquisition, Coloplast will increase its presence in the market with the help of Kerecis by entering high-growth, United States-centric biologics segment. 
  • In May 2024, Convatec declared clinical study results from the latest multinational RCT (randomised controlled trial) presenting notable improvements in venous leg ulcers healing using AQUACEL® Ag+ Extra™ in comparison with the conventional dressing care. 
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Advanced Wound Care Market size was valued at USD 7 Billion in 2023 and is poised to grow from USD 7.38 Billion in 2024 to USD 11.38 Billion by 2032, growing at a CAGR of 5.4% during the forecast period (2025-2032).

Advanced Wound Care Market providers need to focus on maximizing their business scope by reaching into new markets and developing advanced wound care for different industrial and personal uses. Raising new capital to fund their R&D and business expansion efforts will be essential for new advanced wound care companies going forward. The development of custom robots for specific applications across different industry verticals will also help companies expand their sales potential in the future.    'Smith & Nephew plc (UK) ', 'Molnlycke Health Care AB (Sweden) ', 'Coloplast A/S (Denmark) ', '3M Company (USA) ', 'ConvaTec Group Plc (UK) ', 'Medtronic plc (USA) ', 'Integra LifeSciences Corporation (USA) ', 'Cardinal Health, Inc. (USA) ', 'B. Braun Melsungen AG (Germany) ', 'Organogenesis Inc. (USA) ', 'Hollister Incorporated (USA) ', 'Ethicon Inc. (Johnson & Johnson) (USA) ', 'Argentum Medical LLC (USA) ', 'Medline Industries, Inc. (USA) ', 'PAUL HARTMANN AG (Germany) ', 'Baxter (USA) ', 'Urgo Medical (France) ', 'MiMedx (USA) ', 'HAROMED B.V. (Belgium) ', 'PENSAR MEDICAL, LLC (USA)'

Smart Wound Sensors and Dressings: Advanced wound care enterprises are emphasizing on incorporating AI-based electronic devices and advanced sensors to monitor different parameters like moisture, pH level, temperature, and bacterial presence at the wound area.

Geographically, North America is dominating the advanced wound care market share due to reasons like advanced healthcare infrastructure and growing cases of chronic diseases. Nations like Canada and the United States hold well-developed healthcare facilities comprising advanced medical technologies and services, supporting the regional growth. Moreover, the rising cases of chronic diseases like diabetes that lead to complicated wounds are prevalent in North America. Therefore, the need to manage these conditions is fueling the market in the region. The leading players operating in North America include Smith & Nephew, Baxter International, Medtronic, 3M, and more. 

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Global Advanced Wound Care Market

Report ID: SQMIG35D2182

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