U.S. markets open in 1 hour 26 minutes
  • S&P Futures

    3,721.25
    +51.25 (+1.40%)
     
  • Dow Futures

    29,674.00
    +331.00 (+1.13%)
     
  • Nasdaq Futures

    11,501.50
    +185.25 (+1.64%)
     
  • Russell 2000 Futures

    1,689.90
    +27.40 (+1.65%)
     
  • Crude Oil

    77.90
    +1.19 (+1.55%)
     
  • Gold

    1,646.40
    +13.00 (+0.80%)
     
  • Silver

    18.72
    +0.24 (+1.27%)
     
  • EUR/USD

    0.9643
    +0.0032 (+0.33%)
     
  • 10-Yr Bond

    3.8780
    0.0000 (0.00%)
     
  • Vix

    30.80
    +0.88 (+2.94%)
     
  • GBP/USD

    1.0796
    +0.0113 (+1.06%)
     
  • USD/JPY

    144.4670
    -0.2130 (-0.15%)
     
  • BTC-USD

    20,242.17
    +1,362.13 (+7.21%)
     
  • CMC Crypto 200

    462.43
    +29.33 (+6.77%)
     
  • FTSE 100

    7,039.62
    +18.67 (+0.27%)
     
  • Nikkei 225

    26,571.87
    +140.32 (+0.53%)
     

Wound Care Market Will Reach USD 31.81 Billion by 2030 on the Back of Growth in the North American Market

·8 min read
Straits Research - Market Research Strategy | Strategy Consulting | Business Research | Business Consulting | Market Research
Straits Research - Market Research Strategy | Strategy Consulting | Business Research | Business Consulting | Market Research

The global wound care market was valued at USD 19.90 billion in 2021. It is projected to reach USD 31.81 billion by 2030, growing at a CAGR of 5.35% during the forecast period (2022–2030). North America has dominated the wound care market with the highest revenue share and is expected to increase during the forecast period.

New York, United States, Aug. 29, 2022 (GLOBE NEWSWIRE) -- The global demand for Wound Care products is increasing as the number of patients with chronic and acute wounds rises. Market leaders continually focus on introducing innovative wound care products to meet unmet demand. As a result, more people are using conventional, bioactive, and other wound care products. In addition, governments in developing nations and other for-profit and non-profit organizations are increasingly focusing on various awareness campaigns to educate the public about innovative product offerings and therapeutic options for chronic and advanced wounds.


Get a Free Sample Copy of This Report https://straitsresearch.com/report/wound-care-market/request-sample


Growing Popularity of Ambulatory Surgery Centers (ASCs) and Expanding funding for R&D Activities Drives the Global Market

The increase in Ambulatory Surgical centers (ASCs) is also anticipated to impact the wound care market. Surgery, testing, and preventive care are just a few of the many services that ASCs provide. Surgery for pain management, urology, orthopedics, restorative, reconstructive, alternative plastic surgery, and gastrointestinal (GI) surgery are all performed in ambulatory surgery facilities. ASCs have become more prevalent, their services have improved, and they have become more affordable.

Due to increased R&D spending and the launch of innovative products by market players like B. Braun Melsungen AG and ConvaTec Group PLC, demand for these products is predicted to increase, especially in developed countries. Additionally, the distinct clinical benefits of negative pressure wound therapy and the introduction of cutting-edge features like single use by market players entice medical professionals worldwide to use NPWT devices.

Growing Need for Refined Products Creates Tremendous Opportunities

Numerous manufacturers attempt to expand the market primarily through acquisitions in developing regions. In addition, market participants are anticipated to adopt mergers or acquisitions with regional players and other expansion strategies to expand their market offerings. In addition, the growth of the markets for sealants, glues, and hemostats has been strong enough to captivate market participants.


Report Scope

Report Metric

Details

Market Size

USD 31.81 Billion by 2030

CAGR

5.35% (2020-2030)

Historical Data

2019-2020

Base Year

2021

Forecast Period

2022-2030

Forecast Units

Value (USD Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

Product, Application, End-User, Regions

Geographies Covered

North America, Europe, Asia-Pacific, LAME and Rest of the World

Key Companies Profiled/Vendors

Smith & Nephew, Mölnlycke Health Care AB, ConvaTec Group PLC, Ethicon (Johnson & Johnson), Baxter International, URGO Medical, Coloplast Corp., Medtronic, 3M, Derma Sciences Inc. (Integra LifeSciences)

Key Market Opportunities

Demand for High-Quality Products

Key Market Drivers

Increasing Number of Ambulatory Surgery Centres (ASCs)
Increasing Investment in Research and Development

Buy Now Full Report https://straitsresearch.com/buy-now/wound-care-market


Regional Analysis

North America has dominated the wound care market with the highest revenue share and is expected to increase during the forecast period. Significant factors influencing the market growth in this region include a sizable population base and an expanding patient pool in nations like the U.S.


Key Highlights

  • The global wound care market size was valued at USD 19.90 billion in 2021. It is projected to reach USD 31.81 billion by 2030, growing at a CAGR of 5.35% during the forecast period (2022–2030).

  • Based on the product, the market is divided into advanced wound dressing, surgical wound care, traditional wound care, and wound therapy devices. The market for wound care is dominated by the advanced wound dressing segment.

  • Based on application, the market is bifurcated into chronic and acute wounds. The chronic wounds segment dominated the wound care market.

  • Based on end-use, the market is categorized into hospitals, specialty clinics, and home healthcare. During the forecast period, the segment for acute wounds is anticipated to experience the fastest CAGR.

  • North America has dominated the wound care market with the highest revenue share and is expected to increase during the forecast period.


Get a Free Sample Copy of This Report @ https://straitsresearch.com/report/wound-care-market/request-sample


Competitive Analysis

  • Smith & Nephew

  • Mölnlycke Health Care AB

  • ConvaTec Group PLC

  • Ethicon (Johnson & Johnson)

  • Baxter International

  • URGO Medical

  • Coloplast Corp.

  • Medtronic

  • 3M

  • Derma Sciences Inc. (Integra LifeSciences)


Global Wound Care Market: Segmentation

By Product

  • Advanced Wound Dressing

  • Surgical Wound Care

  • Traditional Wound Care

  • Wound Therapy Devices

By Application 

  • Chronic Wounds

  • Acute Wounds

By End-User

  • Hospitals

  • Specialty Clinics

  • Home Healthcare

By Regions

  • North America

  • Europe

  • Asia-Pacific

  • LAMEA


TABLE OF CONTENT

  1. Introduction

    1. Market Definition

    2. Market Scope

  2. Research Methodology

    1. Primary Research

    2. Research Methodology

    3. Assumptions & Exclusions

    4. Secondary Data Sources

  3. Market Overview

    1. Report Segmentation & Scope

    2. Value Chain Analysis: Wound Care Market

    3. Key Market Trends

      1. Drivers

      2. Restraints

      3. Opportunities

    4. Porter’s Five Forces Analysis

      1. Bargaining Power of Suppliers

      2. Bargaining Power of Buyers

      3. Threat of Substitution

      4. Threat of New Entrants

      5. Competitive Rivalry

    5. Market Share Analysis

  4. Product Overview

    1. Introduction

      1. Market Size & Forecast

    2. Advanced Wound Dressing

      1. Market Size & Forecast

    3. Surgical Wound Care

      1. Market Size & Forecast

  5. Application Overview

    1. Introduction

      1. Market Size & Forecast

    2. Chronic Wounds

      1. Market Size & Forecast

    3. Acute Wounds

      1. Market Size & Forecast

  6. Regional Overview

    1. Introduction

      1. Market Size & Forecast

    2. America

      1. North America

      2. U.S.

        1. By Product

        2. By Application

      3. Canada

        1. By Product

        2. By Application

      4. Mexico

        1. By Product

        2. By Application

      5. Latin America

        1. By Product

        2. By Application

    3. Europe

      1. Market Size & Forecast

      2. Germany

        1. By Product

        2. By Application

      3. France

        1. By Product

        2. By Application

      4. U.K.

        1. By Product

        2. By Application

      5. Italy

        1. By Product

        2. By Application

      6. Spain

        1. By Product

        2. By Application

      7. Rest of Europe

        1. By Product

        2. By Application

    4. Asia Pacific

      1. Market Size & Forecast

      2. Japan

        1. By Product

        2. By Application

      3. China

        1. By Product

        2. By Application

      4. Australia

        1. By Product

        2. By Application

      5. India

        1. By Product

        2. By Application

      6. South Korea

        1. By Product

        2. By Application

      7. Rest of Asia-Pacific

        1. By Product

        2. By Application

    5. Middle East & Africa

      1. Market Size & Forecast

      2. Saudi Arabia

        1. By Product

        2. By Application

      3. South Africa

        1. By Product

        2. By Application

      4. Kuwait

        1. By Product

        2. By Application

      5. Rest of Middle East & Africa

        1. By Product

        2. By Application

  7. Company Profile

    1. Smith & Nephew

      1. Company Overview

      2. Financial Performance

      3. Recent Developments

      4. Product Portfolio

    2. Mölnlycke Health Care AB

      1. Company Overview

      2. Financial Performance

      3. Recent Developments

      4. Product Portfolio

    3. ConvaTec Group PLC

      1. Company Overview

      2. Financial Performance

      3. Recent Developments

      4. Product Portfolio

  8. Conclusion & Recommendation

  9. Acronyms & Abbreviations


Table of Content and Figure @ https://straitsresearch.com/report/wound-care-market/toc


Market News

  • In June 2022: Smith & Nephew announced a new UK R&D and manufacturing facility for Advanced Wound Management with a USD 100m+ investment near Hull. Smith & Nephew (LSE: SN, NYSE: SNN), the global medical technology business, announced that it would build a new R&D and manufacturing facility for its Advanced Wound Management franchise on the outskirts of Hull, UK.

  • In March 2022: Smith & Nephew announced a new study showing GRAFIX™ Membrane cut the diabetic foot ulcer recurrence rate in half compared to leading competitors. Smith & Nephew (LSE: SN, NYSE: SNN), the global medical technology business, announced the publication of a peer-reviewed study in the Advances in Wound Care Journal reporting outcomes for Medicare patients with a diabetic foot ulcer (DFU) that shows GRAFIX Cryopreserved Placental Membrane cut DFU recurrence rates in half compared to leading cellular and tissue-based product (CTP) competitors.

  • In March 2022: Convatec Group completed the acquisition of Triad Life Sciences Inc as it enters the attractive wound biologics segment. The Triad team, current portfolio, and product pipeline will now transition to Convatec's Advanced Wound Care (AWC) business and be known as Convatec Advanced Tissue Technologies.


News Media

Coronavirus Crisis - Impact Of COVID-19 On Healthcare Industry

Increasing Incidences of Burn Injuries Diabetic Foot Ulcers to Provide Impetus to Wound Care Biologics Market


Have a Look at the Related Research Report?

Active Wound Care Market: Information by Product (Biomaterials, Skin-substitute), Application (Chronic Wounds, Acute Wounds), and Region — Forecast till 2030

Acute Wound Care Market: Information by Product (Advanced Wound Dressing, Surgical Wound Care), Application (Chronic Wounds and Acute Wounds), End-User, and Region — Forecast till 2030

Advanced Wound Care Market: Information by Product (Advanced Wound Dressings), Wound Type(Surgical and Traumatic Wounds), End-User(Hospitals), and Region — Forecast till 2029

Wound Care Biologics Market: Information by Product (Biological Skin Substitutes), Wound Type (Ulcers, Burns, Surgical & Traumatic Wounds), End User and Regional Outlook—Forecast Till 2026

Surgical Lights Market: Information by Technology (LED and Halogen Lights), Application (Surgical Wound Treatment), End-User (Hospitals, Clinics) and Regions-Forecast till 2029


About Straits Research Pvt. Ltd.

StraitsResearch is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision-makers. Straits Research Pvt. Ltd. provides actionable market research data, especially designed and presented for decision making and ROI.

Whether you are looking at business sectors in the next town or crosswise over continents, we understand the significance of being acquainted with the client’s purchase. We overcome our clients’ issues by recognizing and deciphering the target group and generating leads with utmost precision. We seek to collaborate with our clients to deliver a broad spectrum of results through a blend of market and business research approaches.


For more information on your target market, please contact us below:

Phone: +1 646 480 7505 (the U.S.)

+91 8087085354 (APAC)

+44 208 068 9665 (the U.K.)

Email: sales@straitsresearch.com 

Follow Us: LinkedIn | Facebook | Instagram | Twitter