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

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.