PUBLISHER: Grand View Research | PRODUCT CODE: 1941503
PUBLISHER: Grand View Research | PRODUCT CODE: 1941503
The global advanced wound care market size was estimated at USD 11.7 billion in 2025 and is projected to reach USD 17.8 billion by 2033, growing at a CAGR of 5.44% from 2026 to 2033. The increasing number of surgeries, the augmenting number of road accidents, trauma cases & burns, and the introduction of innovative & advanced wound products are some of the factors driving market growth.
Additionally, the increasing prevalence of chronic diseases that impair wound healing capabilities further enhances the demand for advanced wound products. Moreover, the growing geriatric population is expected to propel market growth, as the geriatric population has slow healing capabilities. For instance, in March 2024, the Albanese Government revealed funding of more than $3 million for new initiatives aimed at addressing the hidden epidemic of chronic wounds in Australia. It is estimated that around 450,000 Australians are currently living with chronic wounds.
According to the United Nations Population Fund's India Ageing Report 2023, the population over 60 is likely to increase from 14.9 crores in 2022 to 34.7 crores by 2050, which is expected to propel market growth. People with diabetic foot ulcers (DFU) are at a high risk of lower-extremity amputation. As per a ScienceDirect article, diabetic foot ulcers may affect more than 25.0% of the diabetic population and may result in amputation in 20.0% of patients. However, advanced wound care products help cure diabetic foot ulcers, which are prevalent in diabetic patients. Thus, an increasing number of diabetic patients is expected to elevate the use of advanced wound care products. These products especially help in moisture retention and facilitate rapid internal and external wound healing. Furthermore, these products help in the absorption of necrotic tissues, which are effective in surgical site infections. Hence, healthcare professionals prefer to use advanced wound care products, which is anticipated to propel global wound care industry growth over the forecast period.
However, the market experienced lucrative growth post-pandemic. Many companies underwent new product launches and mergers and acquisitions, further increasing their product portfolio. For instance, in September 2024, HCAH, a provider of out-of-hospital healthcare solutions in India, partnered with Aroa Biosurgery to launch a new initiative aimed at improving patient outcomes. This collaboration will leverage Aroa Biosurgery's innovative wound care technologies and HCAH's extensive network to enhance patient care and accelerate healing processes.
Global Advanced Wound Care Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global advanced wound care market report based on product, application, end use, and region: