PUBLISHER: Fortune Business Insights Pvt. Ltd. | PRODUCT CODE: 1930161
PUBLISHER: Fortune Business Insights Pvt. Ltd. | PRODUCT CODE: 1930161
The global wound care devices market is witnessing steady growth, fueled by the rising prevalence of chronic diseases, diabetes, and an aging population worldwide. The market was valued at USD 22.37 billion in 2025, projected to reach USD 23.89 billion in 2026, and is expected to grow to USD 36.16 billion by 2034, registering a CAGR of 5.32% during the forecast period. North America dominated the market in 2025 with a 37.90% share, driven by high demand for wound care devices and well-established reimbursement policies.
Wound care devices are specifically designed to provide effective treatment for chronic and acute wounds, including diabetic ulcers, pressure ulcers, and surgical wounds. According to the National Health Service (NHS), approximately 4.5 million people in the U.K. suffer from diabetes, with 10% experiencing diabetic foot ulcers. Severe grade-IV ulcers result in an estimated 7,000 foot amputations annually in the U.K. alone, highlighting the importance of advanced wound care technologies.
COVID-19 Impact
The COVID-19 pandemic had a temporary negative impact on the market. Wound care services were excluded from essential procedure lists in several countries, and many hospitals shut down their wound care departments to prevent transmission. This led to reduced adoption of devices, disrupted supply chains, and restricted professional assistance for device usage. However, telemedicine and virtual consultations emerged as alternative solutions, supporting limited use in non-emergency cases.
Market Drivers
The primary drivers of market growth include:
Market Restraints
The adoption of wound care devices in emerging countries is restrained by high costs and unfavorable reimbursement policies. For example, in India, NPWT for 15 days costs USD 11.16 per patient, slightly higher than conventional wound dressings at USD 10.41, leading to limited adoption among patients relying on out-of-pocket payments.
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Key Industry Players
The market is moderately consolidated, with Smith & Nephew, 3M, and DeRoyal Industries, Inc. accounting for significant market shares. These players focus on innovation, product development, and portfolio expansion. Other key players include Cardinal Health, Talley Group Ltd, ConvaTec Inc., Devon Medical Products, BSN Medical, and Medela AG.
Recent Developments:
Conclusion
The global wound care devices market is expected to grow from USD 22.37 billion in 2025 to USD 36.16 billion by 2034, at a CAGR of 5.32%. Market expansion is driven by rising diabetes prevalence, growing geriatric populations, increasing surgical procedures, and adoption of NPWT systems. North America continues to lead the market, while Asia Pacific is anticipated to witness the fastest growth due to rising healthcare awareness and infrastructure investments. Technological innovations, product launches, and strategic acquisitions by leading players are set to sustain market growth over the forecast period.
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