Wound Care Market Size, Trends, Growth Drivers Report, 2028

The wound care market is expected to reach US$ 26,994.01 million by 2028 from US$ 19,350.76 million in 2022; it is estimated to record a CAGR of 5.7% from 2022 to 2028.

Wound care products are mainly used to treat complex wounds. Wounds and injuries are common afflictions that affect billions of people across the world. The products are highly resistant to environmental inhibitors and foreign particles and are used under the physician’s orders and supervision. Hence, the rising risk factors and the need for cost-efficient treatments are driving the need for better wound care products.

The wound care market is segmented on the basis of product, wound type, end user, and geography. By geography, the wound care market is broadly segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. The report offers insights and in-depth analysis of the market, emphasizing on parameters such as market trends, technological advancements, and market dynamics, along with the analysis of the competitive landscape of the world's leading market players.

Wound Care Market - 

Customize Research To Suit Your Requirement

We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.

Get 10% FREE CUSTOMIZATION

Wound Care Market: Strategic Insights

Wound Care Market

• 
  CAGR (2022 - 2028)

  5.7%
• Market Size 2022
  US$ 19.35 Billion
• Market Size 2028
  US$ 26.99 Billion

Market Dynamics

GROWTH DRIVERS

• XXXXXXX
• XXXXXXX
• XXXXXXX

FUTURE TRENDS

• XXXXXXX
• XXXXXXX
• XXXXXXX

OPPORTUNITIES

• XXXXXXX
• XXXXXXX
• XXXXXXX

Key Players

• Smith & Nephew
• Ethicon USA LLC
• Convatec Group Plc
• BAXTER International Inc.
• COLOPLAST AS
• Paul HARTMANN AG
• MEDTRONIC PLC
• 3M COMPANY
• MIMEDX

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Product

• Advanced Wound Dressing
• Surgical Wound Care
• Traditional Wound Care
• Wound Therapy Devices

Wound Type

• Chronic Wound and Acute Wound

End User

• Hospital
• Specialty Clinics
• Home Healthcare
• Others

Download Free Sample

   Buy Now   

• Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Market Insights - Wound Care Market

Growing Adoption of Advanced Wound Dressings to Drive Wound Care Market Growth in Coming Years

The increasing use of advanced wound dressings results in better care for individuals. Many advanced wound dressings are available with a wide range of physical performance, characteristics, and costs. Antimicrobial dressings are an alternative to traditional dressings and systemic antibiotics. This dressing type contains antimicrobial agents that reduce wound bacterial colonization and infection to improve healing. Due to the high functional efficiency in post-surgical care and burns, antimicrobial wound dressings are rapidly replacing conventional wound dressings. Advanced wound dressings incorporated with antimicrobial or wound healing agents and with up to 50% better and faster wound healing, low infection rate, painless dressing removal, better cosmetic results with less scarring, non-requisite of frequent dressing changes leading to cost reduction, affordability, and fewer drainage issues are substantially replacing the traditional wound dressings.

Furthermore, advanced wound closure products such as adhesives, sealants, and hemostats will replace conventional, traumatizing wound closure devices such as sutures, staples, and ligating clips. The feasibility of these products for surgical wounds, rapid termination of blood loss, prompt and effective closure of the wound, strong adhesion of wound edges, tight sealing, reduced scarring, and reduced risk of infections would accelerate the demand for advanced wound closure products in the coming years. The wound care market is expected to witness an inclination toward wound closure strips. The strips are easy to use, highly efficient, strong, and secure with minimal scarring effects, as well as they can eliminate railroad marks associated with sutures and staples.

Thus, the increasing adoption of advanced wound dressings is expected to propel the wound care market during the forecast period.

End user Insights

Based on end user, the global wound care market is segmented into hospitals, specialty clinics, home healthcare, and others. The hospitals segment held the largest share of the market in 2022 and is anticipated to register the highest CAGR during the forecast period. In the coming year, the hospital segment is estimated to hold the largest market share among all the end users as hospitals record maximum visits of patients suffering from chronic and acute wound types. Better facilities provided by hospitals, availability of different treatment options, and good nursing care are among the factors driving the market growth for the hospitals segment. In addition, government schemes, awareness programs, and different schemes for monetary help attract patients to visit hospitals for treatments.

The number of surgeries for different conditions is increasing worldwide. Therefore, there is an increase in wound care management in hospitals, which ultimately fuels the wound care market growth for the hospitals segment.

Product launches and mergers and acquisitions are among the highly adopted strategies by the players operating in the global wound care market. A few of the recent key product developments are listed below:

• In September 2022, MiMedx Group, Inc. announced the launch of AMNIOEFFECT, a tri-layer PURION-processed human tissue allograft consisting of the amnion, intermediate, and chorion membrane layers of the placenta. AMNIOEFFECT complements and expands the Company’s Surgical Recovery product portfolio. In addition, AMNIOEFFECT offers superior handling characteristics and provides surgeons the capability to secure the tissue in place with sutures when needed to address a surgical wound.
• In September 2022, MiMedx Group, Inc. announced the launch of AXIOFILL, an Extracellular Matrix (ECM) Particulate product derived from human placental tissue. AXIOFILL is the first and only human placental-derived particulate product available for Surgical Recovery procedures. As the first human placenta-derived ECM particulate, AXIOFILL offers a distinct advantage over other particulate products and provides impressive clinical utility for physicians treating complex surgical wounds.
• In August 2022, 3M Health Care's Medical Solutions Division has advanced the delivery of 3M Veraflo Therapy. A new 3M Veraflo Cleanse Choice Complete Dressing Kit and a software upgrade for the 3M V.A.C. Ulta Therapy Unit was introduced at no increase cost to the customer. These new offerings help simplify the care delivery processes for clinicians using Veraflo Therapy (negative pressure wound therapy with instillation) and help make dressing changes easier, faster, and less painful for their patients compared to previous Veraflo Therapy dressings.

Wound Care Market Report Scope

Download Free Sample

   Buy Now   

• Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Wound Care – Market Segmentation

Based on product, the wound care market is segmented into advanced wound dressing, surgical wound dressing, traditional wound care, and wound therapy devices. The market for the advanced wound dressing segment is further segmented into foam dressing, hydrocolloid dressings, barrier film dressings, alginate dressings, hydrogel dressings, collagen dressings, and other advanced dressings. The market for the surgical wound care segment is sub-segmented into suture and staples, tissue adhesives, and sealants. The market for the traditional wound care segment is further segmented into wound bandages, medical tapes, and accessories. The market for the wound therapy devices segment is sub-segmented into negative pressure wound therapy device, hyperbaric oxygen equipment, pressure relief devices, and others. By wound type, the wound care market is bifurcated into chronic wound and acute wound. The market for the chronic wound segment is further segmented into diabetic foot ulcers, pressure ulcers, venous leg ulcers, and other chronic wounds. The market for the acute wound segment is subsegmented into surgical and traumatic wounds, burn wounds, and others. The wound care market, by end user, is segmented into hospital, speciality clinics, home healthcare, and others. Based on geography, the wound care market is segmented into North America (the US, Canada, and Mexico), Europe (France, Germany, the UK, Italy, Spain, and the Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific), the Middle East & Africa (Saudi Arabia, South Africa, the UAE, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America).

Company Profiles - Wound Care Market

• Smith & Nephew Plc
• Medtronic Plc
• Ethicon USA LLC
• ConvaTec Group Plc
• Baxter International Inc.
• Coloplast AS
• Paul HARTMANN AG
• 3M Co
• MiMedx
• Integra LifeSciences Holdings Corp