Wound Care Market By Product Type (Wound Dressing Type – Foam, Hydrocolloid, Alginate, Hydrogel, Collagen, and Others; Therapy Device -Negative Pressure Wound Therapy Devices, Oxygen & Hyperbaric Oxygen Devices, Electrical Simulation Devices, and Others; Active Wound Care Products- Artificial Skin & Substitutes, Topical Agents; Surgical Wound Care Products- Sutures & Staples, Tissue Adhesives, Sealants, and Glues, and Anti-infective Dressings; Traditional Wound Care Products- Medical Tapes, Dressings, and Cleansing Products), By Wound Type (Chronic Wounds and Acute Wounds), By End User (Hospitals, Clinics, Home Care), and Region(North America, Europe, Asia Pacific, Middle East & Africa, And South America) – Market Size & Forecast 2032

The Wound Care Market report includes a global opportunity analysis and industry forecasts for the period 2023-2032. The global market was estimated at USD 21.09 Billion in 2022, registering a CAGR of 3.89%% from 2023 to 2032. The base year considered for the study is 2021, and the forecast has been provided for the period 2023 to 2032.

Wound Care Market growth is expected to gain high momentum during the forecast period due to  increasing demand for faster and effective healing.The wound care market is expected to experience change with innovative wound dressing techniques. While the dressing technique continues to remain the same, it is expected to change during the forecast period following increasing awareness of clinical benefits and faster healing due to advanced wound care dressings. According to the WHO, burn injuries result in approximately 180,000 deaths every year. Mainly, these deaths occur in developing or underdeveloped nations. Thus, the introduction of advanced wound dressing techniques in such countries will positively impact the wound care market. Moreover, as per the report published by the WHO, the worldwide base population pertaining to the age group of 60 and above is expected to rise by 2 billion in 2050. People of this age group are likely to receive chronic wounds such as pressure ulcers and venous stasis ulcers. Hence, this set of the population is vulnerable to wounds and injuries, which, in turn, will drive the market.

Advanced wound care methods include the use of pharmaceutically active ingredients. For instance, keratin-based wound care products are used along with the dressing for wound re-epithelialization. Furthermore, the launch of novel therapies such as nanotechnology, electromagnetic therapy, and electrical stimulation are augmenting the wound care market. These advancements help relieve patients during any trauma.

Segment Analysis

On the basis of product type, the wound care market has been segmented into wound dressing type (foam, hydrocolloid, alginate, hydrogel, collagen, and others), Therapy device (Negative pressure wound therapy devices, Oxygen & hyperbaric oxygen devices, Electrical simulation devices, and Others), Active wound care products  (Artificial skin & substitutes, and Topical agents), Surgical wound care products (Sutures and staples, Tissue adhesives, sealants, and  glues, and Anti-infective dressings), Traditional wound care products (Medical tapes, Dressings, and Cleansing products). Based on wound type, the market has been divided into chronic wounds and acute wounds. The market has been studied for North America, Eastern Europe, Western Europe, Asia Pacific, Middle East, and the Rest of the World.

Key Factors Impacting Market Growth:

  • Increasing demand for faster and effective healing
  • Focus on wound re-epithelialization
  • Growing funding for wound care research
  • Rising acceptance of active wound care products

Regional Outlook:

North America, Western Europe, and Asia Pacific by region are estimated to dominate the wound care market during the forecast period. These regions have been market leaders for the overall healthcare sector in terms of technological developments and advanced medical treatments. Moreover, the government policies have been favorable for the growth of the healthcare infrastructure in these regions. North America and Western Europe have an established healthcare infrastructure for product innovations and early adaptations. This is expected to drive the demand for wound care market during the forecast period. 

The US, Germany, France, UK, Canada, and Spain have been some the major markets in the region. Asia Pacific is estimated to register one of highest CAGR for wound care market during the forecast period. This region has witnessed strategic investments by global companies to cater the growing demand in the recent years. China, Japan, India, South Korea, and Australia are amongst some of the key countries for wound care market in the region. Other regions including Middle East, Eastern Europe, and Rest of the World (South America and Africa) are estimated to be emerging markets for wound care during the forecast period.

Companies Covered: 3M Company, Ethicon, Smith & Nephew plc.,AcelityL.P. Inc., ConvaTec Group Plc., Mölnlycke Health Care AB, Covidienplc, Coloplast A/S, Baxter International Inc., Hollister Incorporated , and Derma Sciences, Inc….

Market Segmentation:

By Product Type:

  • Wound Dressing Type
    • Foam
    • Hydrocolloid
    • Alginate
    • Hydrogel
    • Collagen
    • Others
  • Therapy Devices
    • Negative Pressure Wound Therapy Devices
    • Oxygen &Hyperbaric Oxygen Devices
    • Electrical Simulation Devices
    • Others
  • Active Wound Care Products
    • Artificial Skin &Substitutes
    • Topical Agents
  • Surgical Wound Care Products
    • Sutures & Staples
    • Tissue Adhesives, Sealants, and  Glues
    • Anti-infective Dressings
  • Traditional Wound Care Products
    • Medical Tapes
    • Dressings
    • Cleansing Products

By Wound Type:

  • Chronic Wounds
  • Acute Wounds

By End Users:

  • Hospitals
  • Clinics
  • Home Care

By Region:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • Russia
    • UK
    • France
    • Italy
    • Spain
    • The Netherlands
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Indonesia
    • Rest of Asia Pacific
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Argentina
    • Colombia
    • Rest of South America

Reasons to Buy This Report:

  • Market size estimation of the wound care market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

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