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

Wound Care Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product (Advanced Wound Dressing, Surgical Wound Care, Traditional Wound Care, and Wound Therapy Devices), Wound Type (Chronic Wound and Acute Wound), and End User (Hospital, Specialty Clinics, Home Healthcare, and Others)

  • Report Code : TIPRE00029834
  • Category : Medical Device
  • Status : Published
  • No. of Pages : 310
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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 - 

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Wound Care Market: Strategic Insights

wound-care-market
Market Size Value inUS$ 19,350.76 million in 2022
Market Size Value byUS$ 26,994.01 million by 2028
Growth rateCAGR of 5.7% from 2022 to 2028
Forecast Period2022-2028
Base Year2022
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Lucrative Regions for Wound Care Market

  • 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.

Wound Care Market, by End User – 2022 and 2028

medical-device
Wound Care Market, by End User – 2022 and 2028
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

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 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
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Product, Wound Type, and End User

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


What is the wound care?

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

What are the driving factors for the global wound care market across the world?

The factors that are driving the growth of market are increasing cases of road traffic injuries and the rising prevalence of chronic diseases and related wounds. On the other hand, challenges in wound care management and an increase in product recalls is likely to hinder the growth of the market during the forecast period.

Who are the major players in market the wound care market?

The wound care market majorly consists of the players such as Smith & Nephew; Ethicon USA LLC; Convatec Group Plc; BAXTER International Inc.; COLOPLAST AS; Paul HARTMANN AG; MEDTRONIC PLC; 3M COMPANY; MIMEDX, and Integra LifeSciences Holdings Corporation.

Which segment is dominating the wound care market?

The wound care market is analyzed in the basis of product, wound type, and end use. Based on product, is segmented into advanced wound dressing, surgical wound care, traditional wound care, and wound therapy devices. The advanced wound dressing segment held the largest share of the wound care market size, and it is anticipated to register the highest CAGR.

The List of Companies -  Wound Care Market

  1. Smith & Nephew
  2. Ethicon USA LLC
  3. Convatec Group Plc
  4. BAXTER International Inc.
  5. COLOPLAST AS
  6. Paul HARTMANN AG
  7. MEDTRONIC PLC
  8. 3M COMPANY
  9. MIMEDX
  10. Integra LifeSciences Holdings Corporation

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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