Home
Healthcare
Healthcare & Pharmaceuticals
Wound Care Market Analysis, Share, Industry & Revenue [2031]

Wound Care Market

Name: Growth Market Reports
Address: 500 East E Street, Ontario, 91764, USA
Telephone: +1 909 414 1393

Segments - by Wound Types (Acute Wounds [Burns and Surgical & Traumatic Wounds] and Chronic Wounds [Venous Leg Ulcers, Pressure Ulcers, Diabetic Foot Ulcers, and Others]), Products (Traditional Wound Care Products, Surgical Wound Care Products, and Advanced Wound Care Products), End-users (Home Healthcare, Specialty Clinics, Hospitals, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2022 – 2030

HC-4525
4.7 Rating
199 Pages

Upcoming
75 Reviews

Author :

Raksha Sharma

Fact-checked by :

Vineet Pandey

Editor :

Vishal Golekar

Report Description

The wound care market size was valued at USD 20.5 billion in 2021 and is projected to reach USD 29.5 billion by 2030, expanding at a CAGR of around 4% during the forecast period, 2022 – 2030. The growth of the market is attributed to the increasing prevalence of chronic diseases and rising number of surgical cases.

To prevent major complications, it is vital to take care of wounds. Untreated wounds can develop into life-threatening infections like cellulitis or sepsis. Conventional wound care management methods are being swiftly replaced by modern wound measure solutions, due to the latter's efficiency in managing wounds, which promotes faster healing. The global market for wound care is anticipated to expand as a result of increase in the introduction of cutting-edge wound care management solutions. The common foot ulcers that diabetic individuals have can be treated using wound care solutions. Hydrocolloid dressings, for example, are used for wound care because they aid to retain moisture and speed up internal and exterior wound healing. Additionally, these medications aid in the removal of necrotic tissues, which is useful in cases of surgical site infections. In addition, these products assist in the absorption of necrotic tissues, which is useful in cases of surgical site infections. As a result, wound care products are frequently used by healthcare professionals, which is estimated to drive the market.

Global demand for wound care products was significantly reduced by COVID-19. Many hospitals and departments have revised their COVID-19 patient treatment profiles as a result of the increasing strain brought on by the rising rate of COVID-19 hospitalizations. In order to reserve or redistribute the limited resources and expertise toward COVID-19 patient care, numerous elective procedures were cancelled or delayed throughout the world.

Market Trends, Drivers, Restraints, and Opportunities

Rising prevalence of diabetes brought on by sedentary lifestyles is projected to drive the market during the forecast period.
Rising geriatric population and an increase in severe wounds are estimated to fuel the market in the coming years.
High cost of the treatment is anticipated to hinder the market growth.
Rising price of advanced wound care and chronic wound care products is expected to hamper the market growth.
Growing patient population and increased healthcare expenditure in several developing nations is projected to create immense opportunities for the market players during the forecast period.

Scope of the Report

The report on the global wound care 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 Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2021
Historic Data	2019–2020
Forecast Period	2022 – 2030
Segmentation	Types (Acute Wounds [Burns and Surgical & Traumatic Wounds] and Chronic Wounds [Venous Leg Ulcers, Pressure Ulcers, Diabetic Foot Ulcers, and Others]), Products (Traditional Wound Care Products, Surgical Wound Care Products, and Advanced Wound Care Products), and End-users (Home Healthcare, Specialty Clinics, Hospitals, and Others)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	URGO Medical; Smith & Nephew; Mölnlycke Health Care AB; Medtronic; Cardinal Health; Ethicon (Johnson & Johnson); Derma Sciences Inc.; ConvaTec Group PLC; Coloplast Corp.; B. Braun Melsungen AG; Baxter International; and 3M

Market Segment Insights

The chronic wounds segment accounted for a major market share in 2021

Based on types, the market is bifurcated into acute wounds and chronic wounds. The acute wounds segment is further segregated into burns and surgical & traumatic wounds. The chronic wounds segment is sub-segregated into venous leg ulcers, pressure ulcers, diabetic foot ulcers, and others. The chronic wounds segment accounted for a major market share of around 59% of the total market share in 2021. Growth of the segment is attributed to growing geriatric population, as well as rising incidence of chronic wounds such as venous pressure ulcers, diabetic foot ulcers, and other foot wounds. The acute wound segment is expected to expand at a high CAGR during the forecast period. The primary element fueling the segment is the rising incidence of various traumatic injuries and burns. Reduced surgery site infections, better outcomes and patient satisfaction, and minimized hospital stays are just a few of the numerous advantages of acute wound solutions. Additionally, burn injuries are becoming more common worldwide.

The advanced wound care products segment held a major market share in 2021

On the basis of products, the market is fragmented into traditional wound care products, surgical wound care products, and advanced wound care products. The advanced wound care products segment held a major market share in 2021. Advanced wound care products are mostly used to treat non-healing and chronic wounds. Therefore, increase in chronic wounds, such as diabetic foot ulcers, is anticipated to boost the market. An average of 200 days are needed to heal these wounds. As a result of the aforementioned factors, it is anticipated that the market for wound care would grow during the forecast period. The surgical wound care products segment is estimated to expand at a CAGR of around 4% during the forecast period. Growth of the segment is attributed to increasing surgical cases and infections at surgical sites.

The hospitals segment is projected to grow at a rapid pace during the forecast period

In terms of end-users, the market is segregated into home healthcare, specialty clinics, hospitals, and others. The hospitals segment is projected to grow at a rapid pace during the forecast period. The increase in surgical operations due to sedentary lifestyles and rising bariatric treatments, which call for the use of wound care products to prevent surgical site infections, are anticipated to boost the segment. Additionally, NPWT and surgical wound care dressings are primarily appropriate for hospital use and are not practical for homecare. Additionally, hospitals are regarded as significant purchasers of wound care products due to their established relationships with vendors. Additionally, it is projected that the rise in hospital admissions as a result of surgeries will fuel the segment during the projected period. In order for surgical site wounds to heal, patients typically need wound care products. The home healthcare segment is anticipated to expand at a high CAGR during the forecast period. Wound care products for home healthcare became increasingly popular during the pandemic. The introduction of single-use NPWT devices marked a significant turning point for wound care in the home care environment. These devices are easy to use, canister-free, portable, and lightweight. Additionally, the affordability of such therapy for the treatment of wounds promotes patients to choose homecare settings over hospital stays. Growth of the segment is attributed to rising geriatric population. The elderly population often chooses home care or nursing facility care. Additionally, the existence of numerous companies providing home care services in North America and Europe is boosting the demand for these services.

North America dominated the market in 2021

On the basis of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America dominated the market in 2021 and is projected to maintain its dominance during the forecast period. Large populations and an expanding patient base in nations like the U.S. are significant factors driving the market. In addition, the older population is more susceptible to wounds, which is expected to increase the demand for wound care products in the region. The market in Asia Pacific is expected to register a CAGR of around 4% during the forecast period. This can be ascribed to the rising prevalence of chronic diseases in this area as a result of the changing lifestyle. The number of procedures being performed in this region is also rising as a result of medical tourism.

Segments

The global wound care market has been segmented on the basis of

Types

Acute Wounds
- Burns
- Surgical & Traumatic Wounds
Chronic Wounds
- Venous Leg Ulcers
- Pressure Ulcers
- Diabetic Foot Ulcers
- Others

Products

Traditional Wound Care Products
Surgical Wound Care Products
Advanced Wound Care Products

End-users

Home Healthcare
Specialty Clinics
Hospitals
Others

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

URGO Medical
Smith & Nephew
Mölnlycke Health Care AB
Medtronic
Cardinal Health
Ethicon (Johnson & Johnson)
Derma Sciences Inc.
ConvaTec Group PLC
Coloplast Corp.
B. Braun Melsungen AG
Baxter International
3M

Competitive Landscape

Key players competing in the wound care market include URGO Medical; Smith & Nephew; Mölnlycke Health Care AB; Medtronic; Cardinal Health; Ethicon (Johnson & Johnson); Derma Sciences Inc.; ConvaTec Group PLC; Coloplast Corp.; B. Braun Melsungen AG; Baxter International; and 3M. Some of these players are using several market strategies such as capacity expansion, partnerships, mergers, collaborations, and acquisitions.

In April 2021, the 3M Company introduced the 4576 version of their 3M Spunlace Extended Wear Adhesive Tape on Liner.
In March 2020, in order to lessen the danger of surgical site contamination, Cardinal Health introduced surgical drape with Avery Dennison's unique BeneHold CHG adhesive technology.
In March 2020, A revolutionary PICO 14 NPWT system from Smith and Nephew was introduced; it can pump for up to 14 days. This product introduction benefited the company in broadening its range of goods.

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Wound Care 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 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 Market - Supply Chain
  4.5. Global Wound Care Market Forecast
     4.5.1. Wound Care Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Wound Care Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Wound Care Market Absolute $ Opportunity
5. Global Wound Care Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Wound Care Market Size and Volume Forecast by Types
     5.3.1. Acute Wounds
     5.3.2. Chronic Wounds
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Wound Care Market Analysis and Forecast by End Users
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by End Users
     6.2.2. Y-o-Y Growth Projections by End Users
  6.3. Wound Care Market Size and Volume Forecast by End Users
     6.3.1. Home Healthcare
     6.3.2. Specialty Clinics
     6.3.3. Hospitals
     6.3.4. Others
  6.4. Absolute $ Opportunity Assessment by End Users
  6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Wound Care Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Wound Care Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Wound Care Demand Share Forecast, 2019-2026
8. North America Wound Care 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
  8.2. North America Wound Care Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Wound Care Market Size and Volume Forecast by Types
     8.4.1. Acute Wounds
     8.4.2. Chronic Wounds
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Wound Care Market Size and Volume Forecast by End Users
     8.7.1. Home Healthcare
     8.7.2. Specialty Clinics
     8.7.3. Hospitals
     8.7.4. Others
  8.8. Basis Point Share (BPS) Analysis by End Users
  8.9. Y-o-Y Growth Projections by End Users
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Wound Care Demand Share Forecast, 2019-2026
9. Latin America Wound Care 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. Latin America Average Pricing Analysis
  9.2. Latin America Wound Care Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Wound Care Market Size and Volume Forecast by Types
     9.4.1. Acute Wounds
     9.4.2. Chronic Wounds
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Wound Care Market Size and Volume Forecast by End Users
     9.7.1. Home Healthcare
     9.7.2. Specialty Clinics
     9.7.3. Hospitals
     9.7.4. Others
  9.8. Basis Point Share (BPS) Analysis by End Users
  9.9. Y-o-Y Growth Projections by End Users
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Wound Care Demand Share Forecast, 2019-2026
10. Europe Wound Care 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. Europe Average Pricing Analysis
  10.2. Europe Wound Care Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Wound Care Market Size and Volume Forecast by Types
     10.4.1. Acute Wounds
     10.4.2. Chronic Wounds
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Wound Care Market Size and Volume Forecast by End Users
     10.7.1. Home Healthcare
     10.7.2. Specialty Clinics
     10.7.3. Hospitals
     10.7.4. Others
  10.8. Basis Point Share (BPS) Analysis by End Users
  10.9. Y-o-Y Growth Projections by End Users
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Wound Care Demand Share Forecast, 2019-2026
11. Asia Pacific Wound Care Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Wound Care Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Wound Care Market Size and Volume Forecast by Types
     11.4.1. Acute Wounds
     11.4.2. Chronic Wounds
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Wound Care Market Size and Volume Forecast by End Users
     11.7.1. Home Healthcare
     11.7.2. Specialty Clinics
     11.7.3. Hospitals
     11.7.4. Others
  11.8. Basis Point Share (BPS) Analysis by End Users
  11.9. Y-o-Y Growth Projections by End Users
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Wound Care Demand Share Forecast, 2019-2026
12. Middle East & Africa Wound Care Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Wound Care Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Wound Care Market Size and Volume Forecast by Types
     12.4.1. Acute Wounds
     12.4.2. Chronic Wounds
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Wound Care Market Size and Volume Forecast by End Users
     12.7.1. Home Healthcare
     12.7.2. Specialty Clinics
     12.7.3. Hospitals
     12.7.4. Others
  12.8. Basis Point Share (BPS) Analysis by End Users
  12.9. Y-o-Y Growth Projections by End Users
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Wound Care Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Wound Care Market: Market Share Analysis
  13.2. Wound Care Distributors and Customers
  13.3. Wound Care Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. URGO Medical
     13.4.2. Smith & Nephew
     13.4.3. Mölnlycke Health Care AB
     13.4.4. Medtronic
     13.4.5. Cardinal Health
     13.4.6. Ethicon (Johnson & Johnson)
     13.4.7. Derma Sciences Inc.
     13.4.8. ConvaTec Group PLC

Methodology

Purchase Premium Report

Buy Now

Request For Sample

Request For Customization

Enquiry Before Buying

Speak With Analyst

Customize This Report

Ask for Research To Be Focused On Specific Regions or Segments
Receive Data As Per Your Format and Definition
Companies Profiled based on Your Requirements
Breaking Down Competitive Landscape as per Your Requirements
Any Level of Customization

Our Clients

Client Testinomials

We needed a highly accurate and precise report, which Growth Market Reports delivered promptly. The company compiled information from a wide array of reliable agencies and sourcess.It is extremely satisfactory to be working with you.
Strategy Head of Major Tech Company

We were very pleased to contact Growth Market Reports as they tailored reports precisely as per our requirements. As we are dealing with the aerospace and defense industry, we need reports of high accuracy and substantial quality.
Major Player in Defense Industry

Extremely delighted to have a well-crafted report on “Global Packaging Solutions Market Research Report” from your team. Thank you for providing me with all our requirements and for incorporating our suggestions.
CMO of Leading Packaging Company from USA

I had a good experience working with Growth Market Reports as they were very open to all constructive changes in the report. I found that the report had its charm embedded with ample of data.
Founder and Managing Partner of Major Korean Company

Our company has been working with Growth Market Reports for some years now and we are very happy with the quality of the reports provided by the company.I, on behalf of my organization, would like to thank you for offering professional reports.
Global Consulting Firm

Quick Contact

+1 909 414 1393

sales@growthmarketreports.com

Growth Market Report

Certified By