USD 21.36 Billion
Chronic Wound Care Market Size, Share, Growth Analysis, By Product (Advanced Wound Dressing, Foam Dressing), By Application (Diabetic Foot Ulcers), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35H2312 |
Region:
Global |
Published Date: November, 2024
Pages:
201
|Tables:
69
|Figures:
71
Chronic Wound Care Market Insights
Global Chronic Wound Care Market size was valued at USD 21.36 Billion in 2022 and is poised to grow from USD 22.25 Billion in 2023 to USD 30.85 Billion by 2031, growing at a CAGR of 4.17% in the forecast period (2024-2031).
Chronic wounds are difficult to treat, with symptoms such as loss of skin tissue around the wound. Once a wound becomes chronic, medical intervention is necessary intensive care and chronic wound care products to heal the wound. Wound Healing Society (WHS) has classified these wounds into four main categories i.e. diabetic ulcers, pressure ulcers, arterial ulcers.
Increasing prevalence of chronic diseases such as diabetes, cancer, other autoimmune diseases etc. is expected to increase the incidence of chronic wounds worldwide. Antimicrobial resistance, unhealthy & sedentary lifestyle, tobacco & alcohol consumption contribute to increased spread of non-communicable diseases. For example, according to the CDC’s National Diabetes Statistics Report for 2020, the number of people with diabetes has risen to 34.2 million, which is about 10.5% of the total population.
The COVID-19 pandemic has positively impacted the healthcare industry, increasing the demand for medical dressings and packaging, and is expected to sustain the market over the forecast period. The pandemic has also increased demand for delivery medicines, diagnostic supplies and lab consumables, breath, sterilizers, clothing and hand sanitizers. An increasing consumer awareness of its benefits is expected hygiene and sanitation will boost the supply of sterilization products, clothing and hand sanitizers during the forecast period.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Hospitals
Fastest Growth
Advanced Wound Dressing
Growth Rate
4.17%
Global Chronic Wound Care Market ($ Bn)
Country Share for North America Region (%)
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Chronic Wound Care Market Segmental Analysis
Global Chronic Wound Care Market is segmented by Product, application, end user and region. Based on Product, the market is segmented into Advanced Wound Dressing, Foam Dressing, Hydrocolloid Dressing, Film Dressing, Alginate Dressing, Hydrogel Dressing, Collagen Dressing, Other Dressing, Surgical Wound Care, Suture & Staples, and Tissue Adhesive & Sealants. Based on Application, the market is segmented into Diabetic Foot Ulcers, Pressure Ulcers, Venous Leg Ulcers, Others. Based on end user, the market is segmented into Hospitals, Specialty Clinics, Home Healthcare, Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Product
Advanced wound dressing held a substantial share of 34.9% in the chronic wound care market in 2023 and is expected to register the highest CAGR during the forecast period. Thus, the technological quality of wound management is expected to contribute by increasing the rate of chronic wounds such as diabetic foot ulcers. For example, according to the National Center for Biotechnology Information (NCBI), the number of diabetic foot ulcers worldwide will range from 9.1 million to 2.61 million in March 2023. In addition, about 15% to 25% of diabetic patients may develop diabetes foot ulcers in their lifetime. Thus, the above-mentioned factors are expected to propel the market during the forecast period.
The surgical wound care segment is expected to grow at a significant growth rate of 4.30% during the forecast period. This can be attributed to the increasing incidence of surgical cases and infections in operating theaters worldwide. For example, according to a January 2023 report by the NIH, between 0.5% and 3% of patients undergoing surgery may have a surgical site infection thus growing the rate. The surgical wound care segment plays an important role in the chronic wound care market, especially with the rise in surgeries across the world. Post-surgical wounds often need special care to prevent complications such as infection, detachment (wound reopening), healing prolonged etc. Sutures, staples, sealants, antibiotics. Some devices such as splints, closure devices and others that provide recovery after surgery are important in practice.
They also manage patients with chronic conditions such as diabetes or arthritis, who are at increased risk of poor wound healing after surgery. These patients undergo advanced wound care surgery including antiseptic wound dressings and simple wound healing (NPWT) to reduce the risk of infection and speed recovery. With the increasing acceptance of invasive and complex surgical procedures of need for effective surgical wound care solutions has expanded.
Analysis by ApplicationThe chronic wound segment held the largest share at 59.9% /in 2023 and is expected to witness significant growth during the forecast period. Growing number of elderly populations with increasing incidence of diabetic foot ulcers, arthritis and other chronic ulcers is expected to drive the growth of this segment. As, more than 55.8 million adults aged 65 years and above lived U.S. in 2021, according to a United Health Foundation report. It accounts for about 16.8% of the country’s population for the year.
Furthermore, the population of the U.S. with smooth muscles is increasing every year. For example, according to the Journal of the American Heart Association (AHA), about 23%, or 1 in 4 U.S. residents have atherosclerosis. An increased number of varicose veins can lead to muscle and leg ulcers, thus promoting aging.
The acute wound segment is expected to grow at the fastest CAGR of 4.28% during the forecast period. The growth of this segment is driven by increasing cases of various traumatic and inflammatory lesions. The many benefits of dressings for acute wounds include reduced surgical site infections, improved outcomes and patient satisfaction, and decreased hospital stay. Since acute wound healing agents are primarily used to treat acute wounds such as malignant tumors, the use of wound care agents is expected to contribute to the growth of the segment.
Global Chronic Wound Care Market By Product (%)
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Chronic Wound Care Market Regional Insights
North America has been projected as the highest revenue region in 2022 accounting for over 45.05% of the chronic wound care market. The increasing incidence of sports injuries, coincidentally, several major players in the region is expected to drive the market to North America. For example, according to the National Institute of Diabetes and Digestive Kidney Diseases, estimated million people 34.2 have diabetes, with the U.S. diseases in this region. Similarly, availability of skilled workforce, improvements in healthcare infrastructure and entry of key market players are expected to propel the market during the forecast period.
Asia Pacific in the chronic wound care market is expected to witness the fastest growth during the forecast period. The entry of developing countries such as China, India and Japan are expected to boost market growth in Asia Pacific. In addition, with the rapidly aging population in the region, the increasing number of obese and diabetic patients is expected to lead to a high utilization of chronic wounds in the region. The rising geriatric populace is one of the most important using elements for the market growth in Japan. According to Europa, more than one in four humans are above sixty-five years of age. As the geriatric population is at a higher hazard of diverse illnesses and disabilities, and growth in the aged populace may additionally propel the demand for wound care products.
Global Chronic Wound Care Market By Geography
- Largest
- Fastest
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Chronic Wound Care Market Dynamics
Drivers
Rising Aging Population and Incidence of Chronic Diseases
- One of the major drivers of the chronic wound care market is the growing elderly population. As the elderly become more susceptible to chronic conditions such as diabetes, arthritis and reduced mobility, chronic wounds such as pressure sores and arthritis are common. Additionally, chronic diseases such as diabetes led to conditions such as diabetic foot ulcers, which require long-term care, driving the demand for advanced wound care products.
Technological Advances in Wound Care Products
- The advent of wound care products with advanced technologies is also driving the market. Innovations which include the bioengineered skin alternatives, advanced dressings and wound care devices beautify enhance the restoration manner and decrease healing time. These innovations, coupled with the increasing attention on wound care remedies consisting of non-invasive wound remedy (NPWT) and hyperbaric oxygen therapy (HBOT), are contributing to the speedy growth of the marketplace as healthcare companies search for solutions the more effective remedy.
Restraints
High Cost Associated with Advanced Wound Care Products
- Although technological advances have improved and improved the management of chronic wounds, they have also increased costs. Advanced wound care products, including growth factor dressings, growth factors, and specialized devices, are expensive. These excessive costs limit access, specifically within the developing areas, wherein healthcare expenses are prohibitive. Public fitness systems also face expenses, frequently forcing them to choose the conventional wound care alternatives.
Lack of Skilled Personnel for Advanced Wound Care
- Another major mandate is the lack of skilled staff trained to deal with advanced wound care. Effective wound management requires specialized expertise, especially when using advanced materials such as NPWT devices or bioengineered skin. The lack of trained health professionals limits the effective use of these advanced technologies, resulting in poor patient outcomes. This knowledge gap is particularly important in remote and developing areas.
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Chronic Wound Care Market Competitive Landscape
The chronic wound care market is highly competitive, with many global and regional players competing to offer comprehensive wound management solutions. Leading companies focus on product innovation, product integration and strategic partnerships to strengthen their market position and meet the growing demand for wound care products application. Key market players are involved in advanced wound care products such as bioactive dressings, negative pressure wound therapy (NPWT) manufacturing devices and selective skin techniques for chronic wounds to fill the gaps.
Top Player’s Company Profiles
- JOHNSON & JOHNSON
- BAXTER INTERNATIONAL
- Coloplast Corp.
- 3M
- Medline Industries, Inc.
- ConvaTec Group PLC
- Derma Sciences (Integra LifeSciences)
- Mölnlycke Health Care AB
- Paul Hartmann AG
- Smith & Nephew PLC
- Mölnlycke Health Care AB
- Tissue Regenix
- B. Braun Melsungen AG
- Integra LifeSciences Corporation
- Cardinal Health
- MiMedx
Recent Developments
- June 2023 – Evonik company Zenacel introduced Epicite Balance for chronic wounds. This product was launched on the market.
- January 2023 – Mimedx and Gunze Medical Ltd. entered into an exclusive distribution agreement to sell Epifix, a placental tissue allograft for the treatment of wounds in Japan.
- November 2022 – Medela LLC partnered with MedPro to expand access to its wound care programs. Through this partnership, the company is expected to strengthen its market presence.
Chronic Wound Care Key Market Trends
- Increasing Adoption of Telemedicine and Remote Wound Care: A key trend within the continual wound care marketplace is the increasing integration of telemedicine and digital wound control solutions. Telemedicine systems allow the healthcare professionals to display and compare wound restoration remotely, imparting patient care effectively and convenience. This era is especially useful for sufferers in rural or underserved regions, offering timely intervention and decreasing the medical institution visits.
- Widespread Use of Antibiotics and Antibiotic Prophylaxis: Parasite packaging has seen wonderful growth within the chronic wound care marketplace with a strong focus on infection management. These dressings, which contain substances such as silver or iodine, are designed to save you or manage wound infections, a commonplace trouble in chronic wounds. The demand for these materials is developing, specifically in following issues approximately antibiotic resistance. This trend might also extend as fitness care carriers prioritize contamination manipulate in wound care.
Chronic Wound Care Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to SkyQuest analysis, the chronic wound care market is growing with the advancement in wound technology and advancement, but advanced features abound in the business of accessibility with increasing susceptibility and morbidity. Key trends are shaping the future of the market to provide convenient and the effective wound care solutions. As these trends continue to evolve, the chronic wound care market is expected to grow, offering innovative solutions to improve the patient outcomes worldwide.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 21.36 Billion |
| Market size value in 2031 | USD 30.85 Billion |
| Growth Rate | 4.17% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Chronic Wound Care Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Chronic Wound Care Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Chronic Wound Care Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Chronic Wound Care Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Chronic Wound Care Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Chronic Wound Care Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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