Global Wound Care Market Share Is Expected To Grow At A CAGR Of 5.6% By 2030

16-May-2023 | Facts and Factors

According to the Facts & Factors report, the global wound care market size in terms of market volume was valued at USD 20.6 billion in 2022 and is expected to reach USD 30 billion between 2022-2030. The market is anticipated to grow by a CAGR of 5.6%. The wound care market report on the global market offers detailed insights into market dynamics like growth factors, opportunities, and challenges in the industry. Also, it provides qualitative analyses of the regional and competitive landscape in the global wound care marketplace.

Wound care is a standard solution for treating acute and chronic wounds. Traditional wound care treatment is being replaced with advanced wound care treatment. Wound care treatment is gaining popularity due to its effectiveness and efficiency in healing wounds by promoting faster recovery. The wound care products include alginates, film & form dressings, hydrogels, hydrocolloids, and others.

Browse the full “Wound Care Market Size, Share, Growth Analysis Report By Product (Wound Therapy Devices, Traditional Wound Care, Surgical Wound Care, and Advanced Wound Dressing), By Application (Acute Wounds And Chronic Wounds), By End-Use (Research & Manufacturing, Home Care, Outpatient Facilities, And Hospitals), By Mode Of Purchase (Non-prescribed And Prescribed), By Distribution Channel (Retail Sales and Institutional Sales), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2023 – 2030” report at https://www.fnfresearch.com/wound-care-market

A growing number of surgical cases and the high prevalence of chronic diseases globally are contributing heavily to the growth of the global wound care market. Additionally, the high incidence of diabetes due to the changing lifestyle of people is another leading growth factor.  Today, most of the office and homework leads to a sedentary lifestyle which is causing a number of diseases like diabetes.

Diabetes is expected to be the primary cause of the growth of the global market. Wound care products help maintain moisture by helping the wound heal externally and internally. The major aim of these products is to help absorb necrotic tissues, which are useful in treating infections on the surgical side. Due to the increasing surgical operations, many health professionals are adopting wound care products to treat infections and aid faster health recovery.

However, the post-Covid landscape has slowed down the growth of the global wound care industry owing to the decrease in the number of surgical operations globally. Many surgical procedures were on hold due to the outbreak of Covid-19. However, these are expected to resume soon. The high cost of wound care treatment is likely to restrict the growth of the global wound care market. Also, the healthcare infrastructure in developing and underdeveloped regions is not much developed and it restricts the patients to take proper wound care treatment. Therefore, such a landscape is expected to hamper the growth of the global market.

Segmental Overview:

The global wound care market can be segmented into application, product, mode of purchase, end-use, distribution channel, and region.

By application outlook, the market can be segmented into two categories, namely, acute wounds and chronic wounds. The acute wounds segment can further be bifurcated into burns and surgical & traumatic wounds. The chronic wound segment can further be bifurcated into venous leg ulcers, pressure ulcers, diabetic foot ulcers, and other chronic wounds. The chronic wound segment holds the largest share due to the growing number of diabetic patients all around the globe.

By product outlook, the market can be segmented into four categories, namely, surgical wound care, wound therapy devices, traditional wound care, and advanced wound dressing. The wound therapy segment can further be bifurcated into negative pressure wound therapy, electrical stimulation devices, pressure relief devices, oxygen & hyperbaric oxygen equipment, and others. The traditional wound care segment can be further bifurcated into sponges, bandages, cleansing agents, gauzes, cotton, and medical tapes.

The surgical wound care segment can be further bifurcated into anti-infective dressing, tissue adhesive & sealants, and sutures & staples. The advanced wound care dressing segment can be further bifurcated into hydrogen dressing, alginate dressing, collagen dressing, film dressing, hydrocolloid dressing, foam dressing, and other advanced dressings. The advanced wound dressing segment dominates the global market in the product segment due to the growing chronic disease incidences globally.

By mode of purchase, the wound care industry can be segmented into non-prescribed and prescribed segments. The prescribed segment is likely to grow significantly during the forecast period owing to the increasing chronic wound incidents requiring medical supervision.

By end-use outlook, the market can be segmented into research & manufacturing, home care, outpatient facilities, and hospitals. The hospital segment is likely to dominate the global market due to the growing healthcare facilities in the center.

By distribution channel, the market can be segmented into two categories, namely, retail sales and institutional sales. The institutional sales segment holds the largest share of the global market owing to the growing trend of direct-to-customer marketing.

Regional Overview:

North America accounts for the largest share of the global wound care market due to the growing incidences of diabetes in the region. Furthermore, the constantly growing geriatric population is at a higher risk, which is expected to boost the demand in the regional market. The growing number of road accidents and the high availability of skilled health workers are further likely to support the positive growth trajectory of the regional market.

Asia Pacific is expected to see the highest growth rate in the market during the forecast period. The regional market growth can be attributed to the growing pregnancy of chronic diseases in the region. Also, the growth of medical tourism in the region is further enhancing the regional market growth in the global market.

Report Scope

Competitive Landscape:

The global wound care market is very competitive. The leading market players are adopting many strategies, like mergers, acquisitions, collaboration, etc., to make larger profits in the global market. Some of the major companies in the global marketplace include B. Braun Melsungen AG, Advancis Medical, Medline Industries, Derma Sciences Inc., 3M, Medtronic, Coloplast Corp., URGO Medical, Baxter International, Ethicon, ConvaTec Group PLC, Mölnlycke Health Care AB, and Smith & Nephew, and others.

Recent Developments:

• Advanced Medical Solutions Group PLC in March 2021 said to acquire Mölnlycke Health Care AB. The deal is worth around £1.14 billion. The acquired company is a global provider of advanced surgical and wound care products.
• Medline Industries Inc., in July 2022, acquired Salk Inc. The acquisition is anticipated to expand and grow Medline’s portfolio of wound care products. However, it is also likely to expand its distribution channels. Salk Inc is a leading producer of high-quality wound care products. 

The global wound care market is segmented as follows:

By Product 

• Wound Therapy Devices
• Traditional Wound Care
• Surgical Wound Care
• Advanced Wound Dressing

By Application 

• Acute Wounds
• Chronic Wounds

By End-Use 

• Research & Manufacturing
• Home Care
• Outpatient Facilities
• Hospitals

By Mode Of Purchase 

• Non-prescribed
• Prescribed

By Distribution Channel 

• Retail Sales
• Institutional Sales

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
    • Denmark
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

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