Global Wound Care Market was US$ 20.36 Billion in 2023 and will grow to US$ 33.63 Billion by 2032, with a CAGR of 5.73% from 2024 to 2032. Wound care is an ongoing treatment of a wound by providing a suitable environment for healing. Further, chronic wounds have become more common in a couple of years because of growing geriatric population globally, prevalence of diabetes, and obesity across the globe. Wound Care Market Diabetes and Obesity significantly affected the incidence rate and complication of wounds, such as infections, ulcerations, and surgical wounds that require treatments.
Suitable environment, such as keeping temperature consistent, hydrated environment, allowing flow of oxygen, protecting the injured site from exogenous infection, and ease pain associated with dressing changes. More on this, advanced wound care products say hydrocolloids, hydrogels, film & foam dressings, alginates, and others.
Driving force for the Market
- Surge in prevalence of chronic injuries
- Rising geriatric population
- Unhealthy & sedentary lifestyles and smoking
- High alcohol consumption
Wound care products include hormone-like substances, also known as growth factors. Growth factors let rapid healing and promote the growth of the body’s cells. Also, biomaterials and skin-grafts are used to heal and close larger wounds, which can’t close on their own.
Insights on Region
Road accidents rising, surge in cases of sports injuries and the presence of several key companies in the region makes North American region prominent market opportunity for the key players and at the same time the region has captured the market share in the historical period and as per our expectations, the market for Wounds care in this region will grow during the forecast period. Also, this region has skilled professionals and improvement in healthcare infrastructure.
On the other hand, the market of Asia Pacific is likely to be the fastest-growing regional market from 2021 to 2027 because of the increasing medical tourism industry in the countries like Japan, China, and India.
Hospital & Clinics capitalize the market
By Application, the chronic wounds would be the most prominent market segment in the application segment because of the surge in patient population suffering from ulcers, ulcers, and at the same time expenditure on treating these conditions is also rising.
Besides, Hospital & Clinics is the leading end-use segment, due to a surge in the number of surgeries and a higher number of patients who prefers to visit hospitals for different cases such as surgical burns, wounds, and ulcers. However, long-term care facilities are to grow due to better facilities and treatments for wounded patients.
COVID-19 Impact on the Industry
The outbreak of COVID-19 causing severe disruptions to health services across the globe, including the care of wounded patients. The need for the delivery of wound care, which is considered an essential medical service, has changed. Worldwide lockdowns, dismissed wound care services, cancelled or postponed elective surgeries, and increasing skin injuries in COVID-19 medical care providers.
Key Players
The global wound care industry players we have covered are Mölnlycke Healthcare, Smith & Nephew, Ethicon Inc, Coloplast Corp and Scapa Healthcare.
Related Report :
Market Summary:
By Wound Type – The report covers by wound type into Advanced wound Dressings, Traditional Wound Care Products, Negative Pressure Wound Therapy, Bioactive, Others
Product - We have covered Global wound care market by Products like Growth Factors, Foam, Antimicrobial, Alginate, Traditional Adhesive, Hydrocolloid, Hydrogel, Traditional Gauze , Film, Traditional Non-Adherent, Others
Application – By application market is segmented into Chronic Wounds, Acute Wounds
End-Users – The report covers market into following End Users -Home Care Settings, Long-term care Facilities, Hospital & Clinics)
Region – We have covered regions like North America, Europe, Asia Pacific, ROW
Company Analysis – key players like Mölnlycke Healthcare, Smith & Nephew, Ethicon Inc, Coloplast Corp and Scapa Healthcare are covered in this report
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