Wound Care Market Global Forecast Report by Wound Type (Advanced Wound Dressings, Traditional Wound Care Products, Negative Pressure Wound Therapy, Bioactive, Others), Products (Growth Factors, Foam, Antimicrobial, Alginate, Traditional Adhesive, Hydrocolloid, Hydrogel, Traditional Gauze, Film, Traditional non-adherent, Others), Application (Chronic Wounds, Acute Wounds), End User (Home Care Settings, Long-term care Facilities, Hospital & Clinics) Countries and Company Analysis, 2024-2032
Buy NowWound Care Market Analysis
Global Wound Care Market was US$ 20.36 Billion in 2023 and will grow US$ 33.63 Billion by 2032, with a CAGR of 5.73% from 2024 to 2032. Growth in the number of surgical cases, the prevalence of chronic diseases worldwide, the growing incidence of diabetes as a result of sedentary lifestyles, and the growing prevalence of diseases and conditions affecting wound healing capabilities are the main factors driving the growth in market revenue. Products for wound care aid in the efficient healing of wounds and infection control.
Wound Care Market Overview
A wound is a disruption of the normal structure and function of the skin and soft tissues. The healing process is considered to proceed through the stages of wound healing, and the physiology of an acute wound dictates normal function. On the other hand, a physiologically compromised wound is referred to as a chronic wound. The goal of wound care is to promote appropriate healing by concentrating on harm and injury to the skin's underlying structure.
The medical field that treats both acute and chronic wounds, as well as any other healing or repair of injured human tissue—including injuries brought on by radiation therapy and mild burns—is known as the wound care market. It does not, however, include the burning industry. Wound dressing ensures appropriate fluid balance, co-efficiency, and patient and nursing staff convenience, which helps eliminate dead space and inhibit bacterial growth.
With the development of numerous technical breakthroughs, the global wound care market has become a common option for the treatment of both acute and chronic wounds.
| Report Features | Details |
|
Base Year |
2023 |
|
Forecast Years |
2024 - 2032 |
|
Historical Years |
2019 - 2023 |
|
Market Size in 2023 |
US$ 20.36 Billion |
|
Market Forecast in 2032 |
US$ 33.63 Billion |
|
Market Growth Rate (2024-2032) |
5.73% |
Growth Factors in the Wound Care Industry
Introducing New Technology to Promote Market Expansion
Demand for these items is expected to rise, particularly in developed nations, as a result of market participants like Covnva Tech Group Plc. Braun Melsungen AG. increasing their R&D spending and releasing cutting-edge technologies. For instance, Conva Tech Group Plc. debuted ConvaMax on the international scene in January. It was predicted that the new ConvaMax super absorber wound dressing would be utilized to treat wounds that protruded greatly, such as pressure ulcers.
diabetic ulcers on the legs and feet. One of the main factors driving the growth of the advanced wound care market is the rising incidence of diabetes. Because of the aforementioned factors, it is projected that the wound care market will rise throughout the forecast period. The market is growing because of the growing senior population.
Diabetes Is Getting More Common and Affects How Fast Wounds Heal
Diabetes adversely affects the healing of wounds. Over the years, there has been a notable increase in the prevalence of diabetes and acute and chronic wounds. Additionally, the growing elderly population has resulted in a rise in surgical procedures. The complexity of wounds has improved for infections, ulcerations, and other chronic wounds as a result of rising obesity and other health issues.
Wound Care Market Overview by Regions
The wound care market is expanding to an alarming rate across the world with the increasing incidences of chronic diseases, ageing population, and operations. No matter if the wound is acute or chronic, requires proper care which results in a greater number of dressing, bandage and other advanced healing therapies. The market can be divided by regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, which has different growth rates.
North America Wound Care Market
United States
The United States is the largest market for wound care within North America due to the high prevalence of chronic wounds including pressure ulcers, diabetic foot ulcers and venous leg ulcers. Advanced wound care products are in high demand because a large portion of the population is currently suffering from diabetes and obesity. This shows that the government is trying to invest more resources in the treatment of diabetes thereby driving the growth of this sector. For instance, the CDC and NIH have joined together in a way to develop the National Diabetes Education Program (NDEP). Innovative technologies, rising interest of government and private healthcare sector for research and development and growing awareness of appropriate wound care management contribute to the overall market growth.
Europe Wound Care Market
Germany
Germany is considered as one among the largest market in Europe because of its well-developed health care system, high health care expenditure and increasing health care needs of ageing population. There is the need for products like hydrocolloids, antimicrobial agents, for NPWT and, tissue-engineered products. Large market players and current market trends toward consistent research and development make a significant impact in this market. Due to which, the government has been introducing policies to cut down the healthcare costs by providing proper preventive care and efficient wound management has further increase the demand of innovative care products in the country. October 2022: Freudenberg, a Germany based company has recently made elastic superabsorbers for the technologically advanced wound dressings that leads to the comfort of the patient and thus they do not require the dressing change frequently.
Asia-Pacific Wound Care Market
China
Wound care market in China is a rapidly developing market, and one of the leaders in the Asia-Pacific region. Due to the advancement in age, death rate and diseases such as diabetes and vascular disorders are on the high-end causing more chronic wounds in the country. The advanced and developing medical tourism sector alongside the superior health care facilities is further fueling the demand for wound care products in the large market of China. Out of the approved medical device approvals 210 in the August 2022 alone the NMPA helms the approval process. Out of these, 161 were the locally manufactured Class III devices, 25 were imported Class III devices and 22 were the imported Class II devices. It authorized only one Wound care product an NPWT kit manufactured by Nantong Changyu Medical Technology Co., Ltd.
Middle East Wound Ware Market
Saudi Arabia
Saudi Arabia is also experiencing a high growth rate of its wound care market owing to factors including a growing aging population, increasing incidences of chronic diseases, as well as increased operations. Various technologies of dressings, bandages, and other healing therapies require advance products that are in high demand currently. The country has also showed a good progress in the development of health care sector as well as advancement in investment in research and development who has been the factors driving the market. Hospitals in Saudi Arabia, especially in the healthcare industry, have begun a campaign on correct wound management and treatment and, in the process, have created an increased market awareness of the advanced wound care management systems. The increased rates of diabetes and vascular diseases have made chronic wounds more common in the population and hence improvement of wound care products have become important. January, 2022 – PolyNovo announced the revolutionary NovoSorb BTM synthetic wound matrix technology at Arab Health.
Wound Care Market Company Overview
Some of the industry leaders seen in the Global Wound Care Market Includes Mölnlycke Healthcare, Smith & Nephew, Ethicon Inc (Johnson & Johnson), Coloplast Corp, ConvaTec Group PLC, Derma Sciences Inc. (Integra LifeSciences)
Wound Care Market News
In September 2023, to increase the range of products it offers, MiMedx Group, Inc. introduced EPIEFFECT, an enhanced wound care solution.
In June 2023, the wound dressing epicite balance was initially introduced on the German market by JeNaCell. Pressure ulcers, diabetic foot ulcers, venous leg ulcers, arterial leg ulcers, and soft tissue lesions—chronic wounds with low to medium exudation—are the best candidates for this treatment. The purpose of this calculated launch was to increase sales and broaden the company's product line.
In May 2023, Vizient, Inc. awarded Smith & Nephew a cutting-edge technology contract for its PICO Single Use Negative Pressure Wound Therapy Systems.
In March 2023, In Ireland and the United Kingdom, Bactiguard AB introduced its range of wound care products in partnership with Quintess Medical. The corporation wanted to improve its standing in the nation via this partnership.
In January 2023, Convatec debuted the ConvaFoam in the United States. ConvaFoam is a range of high-tech foam dressings designed to meet the demands of patients and healthcare professionals. The company's product portfolio was widened by this product launch, giving it a major competitive advantage.
Wound Type – Market breakup in 5 viewpoints:
- Advanced wound Dressings
- Traditional Wound Care Products
- Negative Pressure Wound Therapy
- Bioactive
- Others
Products – Market breakup in 11 viewpoints:
- Growth Factors
- Foam
- Antimicrobial
- Alginate
- Traditional Adhesive
- Hydrocolloid
- Hydrogel
- Traditional Gauze
- Film
- Traditional non-adherent
- Others
Application – Market breakup in 2 viewpoints:
- Chronic Wounds
- Acute Wounds
End User – Market breakup in 3 viewpoints:
- Home Care Settings
- Long-term care Facilities
- Hospital & Clinics
Country – Market breakup in 25 viewpoints:
North America
- United States
- Canada
Europe
- France
- Germany
- Italy
- Spain
- United Kingdom
- Belgium
- the Netherlands
- Turkey
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Thailand
- Malaysia
- Indonesia
- New Zealand
Latin America
- Brazil
- Mexico
- Argentina
Middle East & Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
All the Key players have been covered from 5 Viewpoints:
- Overviews
- Key Person
- Recent Developments & Strategies
- Product Portfolio & Product Launch in Last 1 Year
- Revenue
Company Analysis:
- Mölnlycke Healthcare
- Smith & Nephew
- Ethicon Inc (Johnson & Johnson)
- Coloplast Corp
- ConvaTec Group PLC
- Derma Sciences Inc. (Integra LifeSciences)
Report Details:
| Report Features | Details |
| Base Year |
2023 |
| Historical Period |
2019 - 2023 |
| Forecast Period |
2024 - 2032 |
| Market |
US$ Billion |
| Segment Covered |
Wound Type, Product, Application, End User and Countries |
| Countries Covered |
|
| Companies Covered |
|
| Customization Scope |
20% Free Customization |
| Post-Sale Analyst Support |
1 Year (52 Weeks) |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on request) |
Key Questions Answered in This Report:
- How big is the Wound Care industry?
- What is the Wound Care industry growth rate?
- Who are the key players in Wound Care industry?
- What are the factors driving the Wound Care industry?
- Which Region held the largest market share in the Wound Care industry?
- What segments are covered in the Wound Care Market report?
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1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1 Growth Driver
4.2 Challenges
5. Global Wound Care Market
6. Market Share Analysis
6.1 Wound Type
6.2 Products
6.3 Application
6.4 End User
6.5 Countries
7. Wound Type
7.1 Advanced wound Dressings
7.2 Traditional Wound Care Products
7.3 Negative Pressure Wound Therapy
7.4 Bioactive
7.5 Others
8. Products
8.1 Growth Factors
8.2 Foam
8.3 Antimicrobial
8.4 Alginate
8.5 Traditional Adhesive
8.6 Hydrocolloid
8.7 Hydrogel
8.8 Traditional Gauze
8.9 Film
8.10 Traditional non-adherent
8.11 Others
9. Application
9.1 Chronic Wounds
9.2 Acute Wounds
10. End User
10.1 Home Care Settings
10.2 Long-term care Facilities
10.3 Hospital & Clinics
11. Countries
11.1 North America
11.1.1 United States
11.1.2 Canada
11.2 Europe
11.2.1 France
11.2.2 Germany
11.2.3 Italy
11.2.4 Spain
11.2.5 United Kingdom
11.2.6 Belgium
11.2.7 Netherlands
11.2.8 Turkey
11.3 Asia Pacific
11.3.1 China
11.3.2 Japan
11.3.3 India
11.3.4 Australia
11.3.5 South Korea
11.3.6 Thailand
11.3.7 Malaysia
11.3.8 Indonesia
11.3.9 New Zealand
11.4 Latin America
11.4.1 Brazil
11.4.2 Mexico
11.4.3 Argentina
11.5 Middle East & Africa
11.5.1 South Africa
11.5.2 Saudi Arabia
11.5.3 United Arab Emirates
12. Porter’s Five Forces
12.1 Bargaining Power of Buyers
12.2 Bargaining Power of Suppliers
12.3 Degree of Rivalry
12.4 Threat of New Entrants
12.5 Threat of Substitutes
13. SWOT Analysis
13.1 Strength
13.2 Weakness
13.3 Opportunity
13.4 Threat
14. Company Analysis
14.1 Mölnlycke Healthcare
14.1.1 Overviews
14.1.2 Key Person
14.1.3 Recent Developments & Strategies
14.1.4 Product Portfolio & Product Launch in Last 1 Year
14.1.5 Revenue
14.2 Smith & Nephew
14.2.1 Overviews
14.2.2 Key Person
14.2.3 Recent Developments & Strategies
14.2.4 Product Portfolio & Product Launch in Last 1 Year
14.2.5 Revenue
14.3 Ethicon Inc (Johnson & Johnson)
14.3.1 Overviews
14.3.2 Key Person
14.3.3 Recent Developments & Strategies
14.3.4 Product Portfolio & Product Launch in Last 1 Year
14.3.5 Revenue
14.4 Coloplast Corp
14.4.1 Overviews
14.4.2 Key Person
14.4.3 Recent Developments & Strategies
14.4.4 Product Portfolio & Product Launch in Last 1 Year
14.4.5 Revenue
14.5 ConvaTec Group PLC
14.5.1 Overviews
14.5.2 Key Person
14.5.3 Recent Developments & Strategies
14.5.4 Product Portfolio & Product Launch in Last 1 Year
14.5.5 Revenue
14.6 Derma Sciences Inc. (Integra LifeSciences)
14.6.1 Overviews
14.6.2 Key Person
14.6.3 Recent Developments & Strategies
14.6.4 Product Portfolio & Product Launch in Last 1 Year
14.6.5 Revenue
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