Wound Care Market size was valued at USD 19.3 Bn. in 2021 and the total Wound Care revenue is expected to grow by 7.5% from 2022 to 2029, reaching nearly USD 34.42 Bn.
Wound Care Market Overview:Wound care is a medical specialty that focuses on the treatment of non-healing wounds. Wound care and treatment are critical steps in avoiding catastrophic consequences. A wound that is not properly cared for might develop into a dangerous infection such as cellulitis or sepsis. If a wound does not improve after 30 days, it is labelled non-healing. An infected wound generally worsens rather than improves. Any discomfort, redness, or swelling will usually become more intense. The rising number of Oxygenation, infection, age and sex hormones, stress, diabetes, obesity, pharmaceuticals, alcoholism, smoking, and unhealthy diet are responsible for non-healing wounds and driving the growth of the wound care market. Minor wound infections could be treatable at home. People with more serious or chronic wound infections should seek medical assistance. And hence, it drives the Hospital's growth.
Report Scope:In this report, the Wound Care market growth reasons, as well as the market’s many segments (By Product, Type, End-Users, and Region) are discussed. Data has been given by the market players, regions, and specific requirements. This market report includes a comprehensive overview of all the significant improvements that are presently prevailing in all market segments. Key data analysis is presented in the form of statistics, infographics, and presentations. The report discusses the Wound Care market’s Drivers, Restraints, Opportunities, and challenges. The report also helps to rectify and resolve issues related to the global market situation. External and internal factors that are expected to have a positive or negative effect on the market have been researched, presenting decision-makers with a clear future picture of the business. By examining market segments and estimating the market size, the studies also assist in understanding the dynamic and structure of the Wound Care Market.
Research Methodology:The report on the Global Wound Care Market examines the market for the forecast period 2022-2029. The report is divided into various sections and contains an examination of industry trends and characteristics. The information gives a comprehensive evaluation of the present rapid improvements in all business areas. Key data analysis for the historical period from 2017 to 2021 is provided using facts and statistics, visuals, and presentations. This MMR report includes recommendations for the industry, new entrants, existing market leaders, etc. based on a detailed study of the present competitive climate in the Wound Care industry. Primary research is undertaken after secondary research to validate the facts gathered in secondary research. Secondary research is conducted to discover segment features, qualitative and quantitative data, and the factors driving the market growth. Secondary sources for the research included press announcements, organization annual reports, government websites, and market research reports. Primary research is conducted through interviews, surveys, important opinions from stakeholders, experienced experts, and so on. The research also covers current developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the effect of domestic and major & localized market players, changes in market regulations, and strategic market growth analysis.To know about the Research Methodology :- Request Free Sample Report
Wound Care Market Dynamics:A major driver of Wound Care market growth is that advanced wound care services have improved the quality of life. Advanced Wound Care Services delivers the safest and most effective skin solutions to help improve clinical outcomes for patients or residents. Wound healing and regeneration is a very complicated process involving matrix breakdown and rearrangement. While significant challenges persist, improvements in the last generation have increased the clinician's arsenal in the medicinal and surgical care of this condition. The three of the most commonly used advanced therapies are bioengineered tissue, negative pressure wound therapy, and hyperbaric oxygen therapy, with a focus on the near-term future of wound healing, including stem cell therapy used to improve the quality of the life of the patients. Chronic ulcers negatively affect the quality of life and productivity of the patient and represent a substantial financial burden to the health care system. The venous disease accounts for the majority of chronic lower extremity ulcers. Venous hypertension secondary to various causes results in damage to vessel walls and ultimately leads to skin breakdown. Arterial ulcers are less common and are a result of impaired circulation which can affect healing and lead to ulceration. These all diseases require Advanced Wound Care healing facilities during the forecast period and are expected to drive market growth. Lack of knowledge and scarcity of trained professionals are restraining the Wound Care market growth. Wound care treatment is developing, requiring doctors, physicians, skilled professionals, and nurses to adapt to people's needs as well as the various technological developments being made. This is an ever-changing and dynamic field. To ensure that care is safe and effective, the physician must stay up to date on wound care. Sustaining a wound that necessitates the services of a physician or healthcare practitioner who is familiar with wound care can occur to persons of all ages, from all socioeconomic backgrounds, and is common in all care specialties and regions. Skin breakdown may have a significant physical, psychological, and economic impact on an individual, the individual's family, and society. If a person experiences an issue with skin integrity, it is quite likely that their health and well-being will suffer. The proper integration of scientific findings with wound care techniques is critical to the growth of the wound-healing discipline. The research on wound healing is highly multidisciplinary. Keeping up with the newest advances in wound care science may be a daunting undertaking. Wound Care at a Glance is a compendium of major wound care topics that nurses would find valuable in ensuring that the patient is at the center of all they do. The absence of skilled professionals might restrict the ability to properly manage wounds. The growing need for advanced wound care centers across the globe due to the increasing incidence and prevalence of chronic wounds is the key opportunity for market growth. Globally, an increasing number of wound care treatment centers are being developed. The establishment of these facilities tends to reflect the rising incidence and prevalence of chronic wounds, as well as the expense these patients represent to healthcare systems. To deliver quality wound care while also establishing a financially sustainable organization, a systematic approach to the creation and implementation of a complete wound care program is required. A wound care treatment center can take shape in numerous ways from small free-standing clinics to huge hospital-based programs. Regardless of geographical location, the most significant component of the wound care center's success is the interdisciplinary team's strong devotion. Physical space and financial support from the sponsoring institution are also essential. Wound treatment has emerged as an important area of medicine and surgery. The increasing increase of wound care facilities indicates a trend toward specialized medical and surgical care delivered in a single location or institution. And this is the key opportunity for market growth.
Wound Care Market Segment Analysis:By Type, the Chronic segment held the largest market share of about 45% in 2021 in the Wound Care market and is expected to grow substantially during the forecast period. The growing geriatric population, as well as the increased prevalence of diabetic foot ulcers, venous pressure ulcers, and other chronic wounds, are expected to drive segment growth during the forecast period. A chronic wound does not heal in a normal, normal, and timely manner, or one in which the repair process fails to restore anatomic and functional integrity within three months. They are common and frequently mistreated. Chronic wound morbidity and expenses underline the importance of implementing wound prevention and management recommendations. Arteriovenous, diabetic, pressure, and venous ulcers are all common lower extremity lesions. A physical examination can frequently lead to a diagnosis. A vascular examination should be performed on all patients with a nonhealing lower extremity ulcer, including documentation of wound location, size, depth, drainage, and tissue type; palpation of pedal pulses; and measurement of the ankle-brachial index. Biopsies should be performed on unusual nonhealing wounds and these factors drive the segment growth during the forecast period. In addition, an increase in the number of varicose veins may result in the development of venous leg ulcers, increasing the market growth.By End-User, the Hospital segment dominated the Wound Care market in 2021, with a 40% revenue share, and is expected to continue to dominate the market at the end of the forecast period. The segment's growth can be attributed to an increase in surgical procedures globally as a result of unhealthy lifestyles, as well as an increase in bariatric surgeries, which necessitate the use of wound care products to prevent surgical site infections. However, surgical wound care dressings and NPWT are primarily intended for hospital usage and are not appropriate for home care. Additionally, healthcare institutions are regarded as significant customers of wound care since they have long-term contracts with providers. As a result of the factors mentioned, the segment is expected to grow during the forecast period.Nevertheless, an increase in hospitalizations owing to surgeries is expected to drive segment growth throughout the forecast period. Wound care and wound healing products are typically required by patients following surgery to repair surgical site wounds. As a result, the segment is expected to increase significantly throughout the forecast period. In addition, during the forecast period, the home healthcare segment is expected to increase at the highest pace of about 5%. Home healthcare wound care products were in high demand during the pandemic outbreak. The development of single-use NPWT devices revolutionized wound care in home care settings. These devices are lightweight, portable, do not require canisters, and are simple to operate. Therefore, the cost-effectiveness of such wound-care therapy encourages patients to prefer homecare setups over hospital stays. Additionally, the growing geriatric population is likely to drive the segment. The geriatric population prefers homecare or nursing home care. In addition, the presence of different companies offering home care services in North America and Europe is encouraging the home care services industry. Thus, with an increase in the number of geriatrics and nursing home care, the segment is expected to grow throughout the forecast period.
Wound Care Market Regional Insights:North America dominated the wound care market, accounting for 45% of sales in 2021, and is expected to grow at a significant pace throughout the forecast period. The presence of a major population base and a growing patient pool in nations such as the United States are significant factors driving market growth in this region. The rising prevalence of chronic diseases such as obesity and diabetes, as well as a large increase in the frequency of chronic wounds, drives the market growth. The growing frequency of diabetic injuries in patients may result in a major increase in demand for sophisticated wound care solutions. Additionally, because the senior population is more subject to wounds, the need for wound care and wound healing products in this region would increase. Likewise, the rising incidence of traffic accidents and the lack of trained professionals in this region are expected to increase the demand for wound care products in North America. The world has experienced great medical improvements in contemporary wound care and lymphoedema therapy during the last two decades, owing mostly to new scientific understanding, methods, and materials. These advancements have primarily occurred in developed countries like North America. All medical specialties and ages are involved in the diagnosis and treatment of chronic wounds and lymphoedema, both primary and secondary in etiology. Diabetes mellitus, venous ulceration, pressure ulcers, traumatic wounds, and acquired immune deficiency syndrome (AIDS)-related wounds have benefited from increased medical knowledge and technology, resulting in better care and a reduction in morbidity and cost burden. Additionally, it is expected that adopting contemporary wound care procedures for leprosy, Buruli ulcer, trauma, and common tropical ulcers would result in significant benefits for the market.The APAC region is expected to grow significantly throughout the forecast period for the Wound Care market. Changing lifestyles are increasing the occurrence of chronic illnesses in this region and hence, it is driving the regional growth during the forecast period. China is expected to lead the Asia Pacific wound care market. The rapidly increasing population of Diabetes patients is expected to increase the demand for wound care in the region. According to the International Diabetes Federation (IDF), the country has the greatest number of diabetes patients in the world in 2021, with approximately 116 million active cases. Because of the presence of leading companies such as BSN Medical in the nation, the market in India is expected to increase substantially. Additionally, rising healthcare spending in the country is expected to drive demand for wound care, further increasing the country's market share. With Singapore's aging population, hospitals and community care providers are experiencing an increase in elderly patients requiring wound care, particularly diabetic ulcers. This factor is driving the Wound Care market in Singapore. Singapore has one of the world's highest rates of diabetes-related lower extremity amputation (LEA), with public hospitals here doing four amputation surgeries every day.
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Wound Care Market Report Coverage Details Base Year: 2021 Forecast Period: 2022-2029 Historical Data: 2017 to 2021 Market Size in 2021: US $ 19.3 Bn. Forecast Period 2022 to 2029 CAGR: 7.5% Market Size in 2029: US $ 34.42 Bn. Segments Covered: by Product • Advanced wound management products • Surgical wound care products • Traditional/Basic wound care products by Type • Chronic • Acute by End User • Hospital • Long term care • Home healthcare
Wound Care Market, by Region• North America (United States, Canada and Mexico) • Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) • Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC) • Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) • South America (Brazil, Argentina and Rest of South America)
Wound Care Market Key Players Are:•ConvaTec Healthcare B S.a.r.l. (UK) • Smith 7 Nephew plc (UK) • Coloplast A/S (US) • Medtronics plc (US) • Acelity L.P Inc. (US) • 3M Company (US) • Alliqua BioMedical (US) • Fidia pharama USA Inc.(US) • Wound Care Technologies (US) • Integra LifeSciences Holding Corporation (US) • Baxter International Inc.(US) • Organogenesis Inc. (US) • DeRoyal Industries (US) • IonMed (US) • Ethicon (US) • Hill-Rom Holdings (US) • Leap Therapeutics Inc.(US) • NovaBay Pharmaceuticals (US) • Derma Science (South Africa) • Vivostat ( Slovenia) • Molnlycke Health Care AB (Sweden) • Paul Hartmann AG (Germany) •BSN Medical GmbH (Germany) • Triage Meditech Pvt. Ltd (India) FAQs: 1. Which is the potential market for the Wound Care in terms of the region? Ans. North America is the potential market for Wound Care in terms of the region. 2. What are the opportunities for new market entrants? Ans. The growing need for advanced wound care centers across the globe due to the increasing incidence and prevalence of chronic wounds is the key opportunity for market growth. 3. What is expected to drive the growth of the Wound Care market in the forecast period? Ans. A major driver of market growth is that advanced wound care services have improved the quality of life. 4. What is the projected market size & growth rate of the Wound Care Market? Ans. Wound Care Market size was valued at USD 19.3 Bn. in 2021 and the total Wound Care revenue is expected to grow by 7.5% from 2022 to 2029, reaching nearly USD 34.42 Bn. 5. What segments are covered in the Wound Care Market report? Ans. The segments covered are Product, Type, End User, and Region.
1. Global Wound Care Market: Research Methodology 2. Global Wound Care Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Wound Care Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Wound Care Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 COVID-19 Impact 4. Global Wound Care Market Segmentation 4.1 Global Wound Care Market, by Product (2021-2029) • Advanced wound management products • Surgical wound care products • Traditional/Basic wound care products 4.2 Global Wound Care Market, by Type (2021-2029) • Chronic • Acute 4.3 Global Wound Care Market, by End-User (2021-2029) • Hospital • Long term care • Home healthcare 5. North America Wound Care Market(2021-2029) 5.1 North America Wound Care Market, by Product (2021-2029) • Advanced wound management products • Surgical wound care products • Traditional/Basic wound care products 5.2 North America Wound Care Market, by Type (2021-2029) • Chronic • Acute 5.3 North America Wound Care Market, by End-User (2021-2029) • Hospital • Long term care • Home healthcare 5.4 North America Wound Care Market, by Country (2021-2029) • United States • Canada • Mexico 6. Europe Wound Care Market (2021-2029) 6.1. European Wound Care Market, by Product (2021-2029) 6.2. European Wound Care Market, by Type (2021-2029) 6.3. European Wound Care Market, by End-User (2021-2029) 6.4. European Wound Care Market, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Wound Care Market (2021-2029) 7.1. Asia Pacific Wound Care Market, by Product (2021-2029) 7.2. Asia Pacific Wound Care Market, by Type (2021-2029) 7.3. Asia Pacific Wound Care Market, by End-User (2021-2029) 7.4. Asia Pacific Wound Care Market, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Wound Care Market (2021-2029) 8.1 Middle East and Africa Wound Care Market, by Product (2021-2029) 8.2. Middle East and Africa Wound Care Market, by Type (2021-2029) 8.3. Middle East and Africa Wound Care Market, by End-User (2021-2029) 8.4. Middle East and Africa Wound Care Market, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Wound Care Market (2021-2029) 9.1. South America Wound Care Market, by Product (2021-2029) 9.2. South America Wound Care Market, by Type (2021-2029) 9.3. South America Wound Care Market, by End-User (2021-2029) 9.4 South America Wound Care Market, by Country (2021-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1 3M Company 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 Smith 7 Nephew plc 10.3 Coloplast A/S 10.4 Medtronics plc 10.5 Acelity L.P Inc. 10.6 ConvaTec Healthcare B S.a.r.l. 10.7 Molnlycke Health Care AB 10.8 BSN Medical GmbH 10.9 Alliqua BioMedical 10.10 Integra LifeSciences Holding Corporation 10.11 Baxter International Inc. 10.12 Organogenesis Inc. 10.13 DeRoyal Industries 10.14 IonMed 10.15 Ethicon 10.16 Hill-Rom Holdings 10.17 Paul Hartmann AG 10.18 NovaBay Pharmaceuticals 10.19 Derma Science 10.20 Vivostat 10.21 Wound Care Technologies 10.22 Leap Therapeutics Inc. 10.23 Triage Meditech Pvt. Ltd 10.24 Fidia pharama USA Inc.