Global Chronic Wound Care Market

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 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 

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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).

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. '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 '

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.

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.

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.

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Global Chronic Wound Care Market

Report ID: SQMIG35H2312

$5,300
BUY NOW GET FREE SAMPLE