USD 12.4 Billion
Wound Care Market Size, Share, Growth Analysis, By Product Type (Advanced Wound Care Products, Traditional Wound Care Products), By Wound Type (Acute Wounds, Chronic Wounds), By End User (Hospitals & Clinics, Home Care Settings), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35A2900 |
Region:
Global |
Published Date: November, 2024
Pages:
201
|Tables:
91
|Figures:
69
Wound Care Market Insights
Global Wound Care Market size was valued at USD 3.44 billion in 2022 and is poised to grow from USD 3.45 billion in 2023 to USD 3.56 billion by 2031, growing at a CAGR of 0.43% during the forecast period (2024-2031).
The growing prevalence of diverse wounds like pressure ulcers and surgical site wounds, along with the increasing aging population is increasing the demand for wound care market. The increase of traumatic accidents worldwide is also propelling the growth of the market. The primary goal of wound care is to support the healing procedure, reduce complications such as infections and promote optimal tissue recovery. Developments in wound care have resulted in the creation of innovative products and technologies like antimicrobial dressings, negative pressure wound therapy, and bioengineered tissues. These advancements improve the overall efficiency of the healing procedure. Taking a refined approach consists of factors such as nutrition and primary health conditions, understanding their impact on the complete healing procedure. The field of wound care is extremely diversified, highlighted by continuous research and enhancements, for improving the care offered to people suffering from short-term and long-term wounds. In recent times, wound dressings have also been developed from crude usage of natural products, like plant herbs, animal fat and honey, and even tissue-engineered scaffolds. This expansion of products is constantly benefiting patients, surgeons, and medical providers. These factors are exponentially increasing the growth of the wound care market.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Surgical Wound Dressing
Fastest Growth
Acute Wound
Growth Rate
3.1% CAGR
Global Wound Care Market ($ Bn)
Country Share for North America Region (%)
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Wound Care Market Segmental Analysis
Global Wound Care Market is segmented by Product Type, Wound Type, End User, and Region. Based on Product Type, the market is segmented into Advanced Wound Care Products (Advanced Wound Dressings, By Type (Foam Dressings (Silicone Dressings, Non-Silicone Dressings), Hydrocolloid Dressings, Film Dressings, Alginate Dressings, Hydrogel Dressings, Collagen Dressings, Hydrofiber Dressings, Wound Contact Layers, Superabsorbent Dressings, Other Advanced Wound Dressings), Advanced Wound Dressings, By Property (Non-Antimicrobial Dressings, Antimicrobial Dressings), Wound Therapy Devices (Portable & Conventional Negative Pressure Wound Therapy Devices, Debridement Devices & Accessories, Wound Assessment & Monitoring Devices, Other Devices & Accessories), Biological Skin Substitutes (Human Donor Tissue-Derived Products, Acellular Animal-Derived Products, Biosynthetic Products), Topical Agents), Surgical Wound Care Products (Sutures, Tissue Adhesives, Sealants, And Glues (Fibrin-Based Sealants, Synthetic Adhesives, Collagen-Based Sealants), Staplers), Traditional Wound Care Products (Medical Tapes, Dressings, Cleansing Agents). Based on Wound Type, the market is segmented into Acute Wounds (Surgical & Traumatic Wounds, Burns), Chronic Wounds (Diabetic Foot Ulcers, Pressure Ulcers, Venous Leg Ulcers, Other Chronic Wounds). Based on End User, the market is segmented into Hospitals & Clinics (Inpatient Settings, Outpatient Settings), Home Care Settings, Long-Term Care Facilities, Other End Users. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Product
Based on product the market is segmented into advanced wound dressing, surgical wound dressing, and traditional wound dressing. The advanced wound dressing is dominating the market with the largest revenue share. The advanced wound dressing consists of advanced products designed for increasing the speed of healing and minimizing complications. These dressings frequently integrated technologies such as hydrogels, foams, and films. Lately, this segment is emphasizing on the advancement of antimicrobial dressings, promoting infection control, and the incorporation of smart materials for real-time monitoring. Furthermore, the focus on developing dressings with enhanced breathability and flexibility, improving patient comfort and complete wound management is also increasing rapidly. This segment is constantly evolving with a robust focus on patient-centric solutions and technological developments.
The surgical wound dressing segment is witnessing the maximum growth in the wound care market. Surgical wound dressing consists of products designed for managing wounds during any surgical processes. It involves dressings, tapes, and antimicrobial agents for achieving the best healing and minimizing the risk of infections. Lately, the surgical wound dressings segment has increased the usage of advanced materials like hydrogels and bioactive dressings. These solutions are used for improving the efficiency of post-operative care procedures. The rising demand for advanced surgical wound care solutions is mainly boosted by the constant emphasis on reducing complications, enhancing patient outcomes, and increasing the speed of healing procedures.
Analysis by End Use
Based on end use the market is segmented into hospitals, specialty clinics, home healthcare, physician’s office, nursing homes, and others. The hospital segment is leading the wound care market with the largest revenue share. The hospital segment generally refers to the usage of wound care products and services within the hospital environment. It consists of acute care facilities where patients will get specialized wound care treatments. In recent times, it has been witnessed that hospitals are largely adopting advanced wound care technologies, increasing emphasis on infection control, and incorporating telehealth solutions for remote monitoring. Moreover, hospitals are trying to improve patient outcomes by using advanced wound care solutions. It helps them ensure wound healing efficiency and reduces the threat of complications in the hospital setting.
The home healthcare segment is experiencing the fastest growth in the wound care market. The home healthcare segment is known for products and services designed for patient usage in a non-clinical environment. It consists of wound dressings, topical solutions, and telemedicine solutions that allow people to efficiently manage their wounds at home. Lately, this segment is witnessing the growing adoption of user-friendly and technologically innovative home-based wound care solutions. Nowadays, patients are massively benefiting from convenient choices that improve treatment processes, offer comfort, and strengthen them to proactively take part in their wound care. This also shows the tremendous shift towards patient-centric medical care, leading to the progression of the home healthcare segment in the wound care market.
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Wound Care Market Regional Insights
North America is dominating the wound care market with the largest market share. The growth of this market in North America is primarily due to an amalgamation of factors. The region benefits from innovative medical structure, increasing incidences of chronic diseases that need wound care, and constant activities on research and development. Furthermore, well-established reimbursement policies and strict regulatory settings are contributing to the increasing adoption of advanced wound care solutions, The growth of the market in North America is further amplified by a robust emphasis on technological development and rising awareness about better healthcare among patients and medical professionals. The rise in aging population is also increasing the requirement for wound care, propelling the growth of wound care market.
The Asia-Pacific region is witnessing the fastest growth in the wound care market. The region is dominating the market because of various factors like increasing aging population, growing incidences of chronic illnesses, and rising awareness about advanced wound care solutions. Furthermore, growing urbanization and enhancing medical infrastructure are also further propelling the market share in the region and expanding it. Moreover, massive embracement of advanced technologies and government initiatives to promote better medical accessibility is also contributing to the growth of the market in the region. The rising demand for personalized medicine is also fueling the robust growth of the wound care market in the Asia Pacific region.
Global Wound Care Market By Geography
- Largest
- Fastest
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Wound Care Market Dynamics
Drivers
Growing Adoption of Bioactive Therapies for Last-Stage Wounds
- Bioactive therapies consist of skin substitutes and help in skin growth. This therapy is becoming immensely popular among medical professionals, especially for the treatment of last-stage wounds. Many companies are presently venturing the market by emphasizing on allograft, xenograft, nanofiber, dermal substitutes, and cell-based therapies. These solutions are successfully fulfilling the rising demand for urgent and efficient wound management therapies among patients.
Rising Prevalence of Diabetes to Impact Wound Healing Procedure
- Diseases like diabetes impact negatively on the wound healing procedure. In the last few years, the incidences of diabetes have massively increased globally, which has resulted in the growth of acute and chronic wounds. The growing geriatric population has also increased surgical procedures. With an increasing incidence of obesity and other health conditions, the complexity of wound care has been enhanced to reduce infections, ulcerations, and other chronic problems.
Restraints
Delayed Detection of Chronic Wounds in Developing Nations
- Chronic wounds like diabetes foot ulcers, pressure ulcers, and leg ulcers can expand from mild to severe in a short span of time. This is mainly because of late diagnosis and therapies resulting in foot amputations. The prevalence of late treatment is significantly massive in developing economies like India, Brazil, and China in comparison with advanced nations. This is mainly due to less awareness among people about the difficult-to-health wounds, and restricted access to better medical infrastructure.
Increasing Expense of Wound Care Products
- The growing emphasis on enhancing acute and chronic care products has substantially increased the expense of wound care products, negatively impacting the wound care market. Lately, the expense of therapy for burn injuries and traumatic wounds have increased massively, restricting the growth. The main factor that is hindering the expansion of the market is the growing number of product recalls by regulatory facilities like the US Food and Drug Administration.
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Wound Care Market Competitive Landscape
The wound care market is extremely dynamic as key players are constantly engaging in different initiatives for maintaining their competitive edge and boosting growth. This initiative consists of a varied range of activities like research and development efforts for developing advanced medical devices and pharma and medical solutions. These devices and solutions can fulfil the medical requirements and increase profit margin with growing therapeutics opportunities. Many companies are also concentrating on increasing their global presence with strategic collaborations and acquisitions to increase product portfolios and improve their position in the market.
Top Player’s Company Profile
- 3M Company
- Healthcare Solutions Holding, LLC
- Medtronic PLC
- Smith & Nephew PLC
- Mölnlycke Health Care AB
- B. Braun Melsungen AG
- Baxter International, Inc.
- Convatec Group PLC
- Paul Hartmann AG
- Coloplast A/S
- Organogenesis Inc.
- Mimedx Group, Inc.
- Integra Lifesciences Corporation
- Bioventus LLC
- Zimmer Biomet Holdings, Inc.
- Johnson & Johnson
- Deroyal Industries, Inc.
- Kerecis
- Acell Inc.
- Lohmann & Rauscher GmbH & Co. KG
- Medela AG
- Talley Group Ltd.
- Welcare Industries S.P.A
- Pensar Medical, LLC
- Haromed BV
- Dermarite Industries, LLC
- Medline Industries, Inc.
- Advancis Medical LLC
- Mil Laboratories Pvt. Ltd.
Recent Developments
- In June 2023, JeNaCell launched their epicite balancing wound dressing in the German market. The dressing is particularly ideal and adapted for the management of chronic wounds that have low to medium levels of discharges.
- In January 2023, Convatec Group PLCintroduced the Convafoam, a unique foam dressing. It can be utilized in different kinds of wounds and at any stage, making it a simple dressing option.
- In April 2024, Mölnlycke Health Care AB announced their agreement to P.G.F. Industry Solutions GmbH. This company is a manufacturer of Granudacyn wound cleansing and moisturizing solutions.
Wound Care Key Market Trends
- Increasing Advancements in Wound Care Market - In recent times, there has been a rapid advancement in the wound care market. Many companies are presently venturing the market by emphasizing on dermal substitutes and cell-based treatments for immediate and efficient wound management. Small and medium-sized companies along with startups are focusing on R&D to bring innovative devices to the market. Key market players are also engaging in acquisition and investing in technologies for developing advanced products.
- Increasing Preference of Active Wound Care Products - The active wound care items like antimicrobial dressings, alginate dressings, and hydrocolloids are involved in the healing procedure rather than just protecting the wound from infections. Active wound care products have become highly successful in managing difficult wounds with initiatives to keep the wound moisture level at optimum temperature. It is also good at absorbing excessive exudates and discharges therapeutic agents.
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.
As per SkyQuest analysis, the global wound care market is increasing due to factors like unhealthy dietary habits, growing aging population, and desk-bound lifestyle. These are creating a requirement for innovative treatments and diagnostic tools for addressing complex medical necessities. Furthermore, the increasing emphasis on preventive medical care and wellness initiatives has also amplified investments in healthcare structure, digital health solutions, and personalized medical methods. These factors are immensely boosting the growth of the wound care market. Moreover, favorable government initiatives, strict regulatory structures, and reimbursement policies are also contributing to the development and expansion of the market.
What’s Included
NA
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 3.44 billion |
| Market size value in 2031 | USD 3.56 billion |
| Growth Rate | 0.43% |
| 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 |
|
| 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 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 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 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 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 Wound Care Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the 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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