Wound Care Market Analysis, Share, Industry & Revenue [2031]
Wound Care Market Analysis, Share, Industry & Revenue [2031]
Segments - Wound Care Market 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
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| Report ID :HC-4525
| 4.7 Rating
| 75 Reviews
| 199 Pages
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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.
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Attributes |
Details |
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Report Title |
Wound Care Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2021 |
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Historic Data |
2019–2020 |
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Forecast Period |
2022 – 2030 |
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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) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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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
- Traditional Wound Care Products
- Surgical Wound Care Products
- Advanced Wound Care Products
- Home Healthcare
- Specialty Clinics
- Hospitals
- Others
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
- 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.
Frequently Asked Questions
ConvaTec Group PLC; Coloplast Corp.; B. Braun Melsungen AG; Baxter International; and 3M are some of the leading players in the wound care market.
Home Healthcare, Specialty Clinics, Hospitals, and Others are the end-users in the wound care market.
The wound care market size was valued at USD 20.5 billion in 2021.
The wound care market is projected to reach USD 29.5 billion by 2030.
The wound care market is anticipated to at a CAGR of around 4% during the forecast period, 2022 – 2030.
Table Of Content
1. Executive Summary2. 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 (000’ 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
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