North America Wound Care Management Market Growth | 2031

Segments - North America Wound Care Management Market by Product (Wound Care and Wound Closure), Wound Type (Chronic Wound and Acute Wound), and Geography (United States, Canada, and Mexico) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

Author : Raksha Sharma

Fact-checked by : Vineet Pandey

Editor : Vishal Golekar

Report Description

North America Wound Care Management Market Outlook 2031

The North America wound care management market size was USD 4.99 Billion in 2022 and is projected to reach USD 6.80 Billion by 2031 register a substantial CAGR 3.5% during the forecast period, 2023–2031. The growth of the market is attributed to the rising chronic wounds and ulcers, increasing diabetes prevalence, ageing population, more knowledge of innovative wound care technologies, and government assistance in the form of financing.

Acute and chronic wounds are the two types of wounds. For their treatment, there are standard and sophisticated wound care and closure solutions. Chronic wounds are those that are difficult to heal, require a long time to cure, and are costly to treat. The majority of wound care products are used to treat complicated wounds.

Injuries and wounds are frequent ailments that impact billions of individuals across the world. For a variety of reasons, the products are very resistant to environmental inhibitors and foreign particles, and they are administered by a nurse under the direction and supervision of a physician. Wound care is essential for preventing infections and promoting patient well-being. It specifically relates to treatment options for pressure sores, skin ulcers, and other skin-breaching lesions.

North America Wound Care Management Market Trends, Drivers, Restraints, and Opportunities

Rising chronic wounds and ulcers and increasing diabetes prevalence are projected to fuel the market during the forecast period.
Increasing ageing population, more knowledge of innovative wound care technologies, and government assistance in the form of financing is key factor propelling the market in the coming years.
High price of technically better wound care products is estimated to hamper the market expansion.
Lack of adequate reimbursement schemes act as major challenge that can restrict the market expansion in the coming years.
R&D investment and technological advancement is anticipated to create lucrative opportunities for the market players.

Scope of the North America Wound Care Management Market Report

The report on the North America wound care management market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Wound Care Management Market - North America Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Product (Wound Care and Wound Closure), Wound Type (Chronic Wound and Acute Wound)
Geographical Scope	United States, Canada, and Mexico
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Johnson & Johnson; Smith + Nephew; Baxter International; 3M Company; Integra Life Sciences

North America Wound Care Management Market Segment Insights

The dressing in wound care segment is projected to hold a major market share

Based on product, the North America wound care management market is divided into wound care and wound closure. The dressing in wound care segment is expected to represent a key share of the market during the forecast period. Foam plays an important function in the treatment of chronic wounds and the healing of wet wounds.

Polyurethane foam has been one of the most widely used wound dressings for exudate control in wet wound healing. The foam is made out of a porous structure that may absorb fluids by capillary action into air-filled gaps.

North America Wound Care Management Market Products

The surgical in acute wounds segment is expected to grow at a rapid pace

In terms of wound type, the North America wound care management market is segregated into chronic wound and acute wound. The surgical in acute wounds segment is expected to represent a key share of the market during the forecast period. Due to increase in the number of instances of trauma, the surgical wounds category held the major share. An acute wound is a skin damage that arises abruptly rather than gradually.

North America Wound Care Management Market Wound Type

Canada is expected to dominate the market

On the basis of geography, the North America wound care management market is classified as United States, Canada, and Mexico. Canada is anticipated to dominate the market during the forecast period. The growing demand for new wound care products and services is expected to propel the Canadian market. As improved products can reduce the likelihood of long-term problems, the government is focused on product development and funding research programs.

The Canadian association of wound care has taken a collaborative and interdisciplinary approach to wound management and prevention. Rise in product demand is due to increasing incidence of trauma injuries and burns.

Segments

The North America wound care management market has been segmented on the basis of

Product

Wound Care
Wound Closure

Wound Type

Chronic Wound
Acute Wound

Geography

United States
Canada
Mexico

Key Players

Johnson & Johnson
Smith + Nephew
Baxter International
3M Company
Integra Life Sciences

Competitive Landscape

Key players competing in the North America wound care management market include Johnson & Johnson, Smith + Nephew, Baxter International, 3M Company, and Integra Life Sciences.

Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.

North America Wound Care Management Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Wound Care Management Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Wound Care Management Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Wound Care Management Market - Supply Chain
  4.5. Global Wound Care Management Market Forecast
     4.5.1. Wound Care Management Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Wound Care Management Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Wound Care Management Market Absolute $ Opportunity
5. Global Wound Care Management Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Wound Care Management Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Wound Care Management Demand Share Forecast, 2019-2026
6. North America Wound Care Management Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Wound Care Management Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Wound Care Management Demand Share Forecast, 2019-2026
7. Latin America Wound Care Management Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Wound Care Management Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Wound Care Management Demand Share Forecast, 2019-2026
8. Europe Wound Care Management Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Wound Care Management Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Wound Care Management Demand Share Forecast, 2019-2026
9. Asia Pacific Wound Care Management Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Wound Care Management Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Wound Care Management Demand Share Forecast, 2019-2026
10. Middle East & Africa Wound Care Management Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Wound Care Management Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Wound Care Management Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Wound Care Management Market: Market Share Analysis
  11.2. Wound Care Management Distributors and Customers
  11.3. Wound Care Management Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Johnson & Johnson Smith + Nephew Baxter International 3M Company Integra Life Sciences