Wound Care Market by Product, Devices, Offering Type, Application, End User

List of Tables

[196 Pages Report] The Wound Care Market size was estimated at USD 62.08 billion in 2023 and expected to reach USD 67.26 billion in 2024, at a CAGR 8.66% to reach USD 111.04 billion by 2030.

Wound care comprises a wide range of products, services, and technologies that facilitate the management and healing of various types of acute wounds, such as surgical incisions, lacerations, burns, and abrasions, and chronic wounds, including diabetic ulcers, pressure ulcers, venous ulcers, and arterial ulcers. The rising aging global population with higher cases of chronic conditions, including diabetes and obesity, leads to an increased prevalence of non-healing wounds, raising the need for effective wound care solutions. Increasing awareness among healthcare providers regarding effective wound management practices has reduced complications and improved patient outcomes. However, high costs associated with advanced wound care products and therapies may adversely impede their adoption by medical professionals and patients. Moreover, improvements in medical technology focusing on rapid healing solutions and the emergence of stem cell therapy in chronic wound healing are expected to proliferate the adoption of wound care solutions.

KEY MARKET STATISTICS
Base Year [2023]	USD 62.08 billion
Estimated Year [2024]	USD 67.26 billion
Forecast Year [2030]	USD 111.04 billion
CAGR (%)	8.66%

Product: Significant penetration of advanced wound dressings to promote adequate wound healing

Advanced wound dressings are innovative solutions designed to accelerate the healing process and reduce complications associated with chronic and acute wounds. These dressings consist of various materials, such as alginates, hydrocolloids, foams, hydrogels, and films. The need-based preference for advanced wound dressings stems from their ability to maintain a moist environment, control infection, alleviate pain, and promote autolytic debridement. Surgical wound care products are specifically formulated to address post-operative wound management needs. These products include sutures and staples for closure, adhesive strips for approximation of incisions or lacerations, tissue adhesives for sealing wounds without stitches or staples, surgical tapes for securing dressings or devices in place, antimicrobial agents to prevent infections, and hemostatic agents to control bleeding during procedures. These wound care products are preferred due to their ability to minimize complications such as infection while supporting efficient healing processes. Traditional wound care products encompass basic dressings and solutions used to treat minor injuries or support the healing of more severe wounds. These products include gauze dressings, adhesive bandages, cotton wool rolls, elastic bandages, non-adherent pads, wound cleansers, and antiseptics. Traditional wound care products are used due to their affordability and familiarity among healthcare providers and patients. These products are widely used across various healthcare settings for initial wound management before transitioning to advanced wound care options when necessary. Advanced wound dressings offer superior benefits for chronic or complex wounds; surgical wound care products focus on optimizing post-operative outcomes; and traditional wound care products provide affordable and accessible solutions for essential wound management.

Devices: High adoption of negative pressure wound therapy systems

Electric stimulation devices promote wound healing by applying electrical currents directly to the affected area. These devices are primarily utilized for patients with chronic wounds or those experiencing slow or non-healing wounds due to underlying medical conditions. Hyperbaric oxygen equipment delivers pure oxygen to patients at high-pressure levels within sealed chambers, enhancing tissue repair and reducing inflammation. This treatment is ideal for individuals with non-healing or infected wounds stemming from diabetes, radiation injuries, or other vascular diseases. Pressure relief devices are designed to redistribute body weight evenly across pressure points on vulnerable areas such as heels and sacrum while lying down or sitting for extended periods. These devices are used for preventing and managing pressure ulcers in patients with limited mobility or those undergoing long-term care. Negative pressure wound therapy systems (NPWT) promote healing by creating a vacuum-sealed environment around the wound to remove exudate and stimulate granulation tissue formation. This method is particularly effective for treating complex, deep, or infected wounds. Oxygen therapy equipment delivers supplemental oxygen to patients with compromised blood gas levels due to chronic respiratory conditions or acute illnesses. Combining oxygen therapy with hyperbaric oxygen equipment can accelerate healing rates for individuals suffering from non-healing wounds.

Offering Type: Prescribed wound care options cater to complex medical conditions with tailored clinical interventions

Non-prescribed or over-the-counter (OTC) wound care products are readily available for consumers without the prescription of a doctor. These products cater to minor injuries such as cuts, scrapes, and burns, typically requiring minimal medical intervention. OTC wound care options include adhesive bandages, gauze, antiseptic creams, ointments, and hydrogel dressings. The need for OTC wound care products is driven by ease of access, cost-effectiveness, and self-treatment preferences among consumers. Prescribed wound care products are intended for severe or chronic wounds that require treatment under the supervision of a healthcare professional. Prescription-based wound care solutions encompass advanced alginate dressings, foam dressings, hydrocolloid dressings, topical antimicrobial agents, negative pressure wound therapy devices, and biologic skin substitutes. The need for prescribed wound care products arises from complex medical conditions requiring specialized treatment plans tailored to individual patients' needs.

Application: Proliferating utilization of wound care solutions in acute wounds

Acute wounds are injuries that have a sudden onset and typically follow a predictable healing process. These wounds include surgical incisions, burns, lacerations, puncture wounds, and traumatic injuries. The primary goal of wound care management for acute wounds is to promote rapid and efficient healing while minimizing the risk of infection. Need-based preferences for treating acute wounds involve timely intervention with appropriate wound care products such as dressings, cleansers, and wound closure devices. Burn wounds are an injury that predominantly affects the underlying tissues and skin, caused by exposure to various heat sources, such as fire, boiling liquids, hot surfaces, steam, or other radiating agents such as ultraviolet light. Surgical wounds are incisions created intentionally during surgical procedures to access specific anatomical locations or structures within the body. Wound care solutions used in burn surgical and traumatic wounds aim to optimize the healing process, minimize complications, and improve patient outcomes. Chronic wounds are non-healing or slow-healing injuries that do not progress through the normal stages of wound repair due to underlying disease conditions or poor blood circulation. Need-based preferences for chronic wound care involve addressing underlying causes and maintaining a moist wound environment. Pressure ulcers result from prolonged pressure on a specific skin area, typically over bony prominences, leading to tissue ischemia and necrosis. Venous leg ulcers (VLUs) are chronic wounds caused by venous insufficiency, resulting in an impaired blood return from the lower limbs, leading to increased hydrostatic pressure and subsequent tissue damage. Diabetic foot ulcers (DFUs) are a frequent complication of diabetes mellitus and a result of a combination of factors such as peripheral neuropathy, peripheral arterial disease, and foot deformity.

End User: Specialty clinics having a specialized focus on complex wound care

Home healthcare is a rapidly growing sector in the wound care market due to an increasing geriatric population, a rise in chronic illnesses, and the need for cost-effective treatment alternatives. Patients prefer home healthcare as it allows them to receive personalized and convenient care in their own homes. Hospitals are a significant end-user segment of the wound care market due to the high volume of surgeries and emergency cases requiring professional medical intervention. Wound care products are essential for hospitals to ensure proper infection control and accelerated healing. Specialty clinics such as outpatient surgery and wound management centers have emerged as significant end-users of modern wound care products such as antimicrobial dressings and negative pressure wound therapy (NPWT) systems due to their specialized focus on complex wounds requiring frequent treatment interventions. Trauma centers play a critical role in the wound care market as they treat severe injuries resulting from accidents, violence, or natural disasters. These facilities require advanced hemostatic agents and surgical dressings for effective bleeding control and wound management.

Regional Insights

The wound care market is evolving in the Americas owing to increasing technological advancements, rising awareness regarding innovative treatments, and a growing geriatric population susceptible to chronic wounds. Additionally, rising incidences of diabetes and obesity contribute to the need for effective wound care solutions in the region. The European Union (EU) presents a substantial market for wound care products within the EMEA region fueled by investments in research and development to develop innovative medical devices and treatments related to wound management. Furthermore, an expanding diabetic population across Europe creates a need for improved treatment options to address this challenge. Furthermore, in the Middle East and Africa, rising healthcare expenditure by governments in countries and the need for effective wound healing solutions coupled with a rise in medical tourism are resulting in the adoption of advanced wound care products by medical professionals in the region. Increasing healthcare expenditure capabilities, improving healthcare infrastructure, and accessibility of medical solutions, including wound care treatment, are encouraging the growth of the wound care market in the APAC region. Additionally, novel biomaterials with enhanced mechanical properties are expected to improve the efficacy of wound healing and increase the use of wound care products and solutions by medical professionals globally.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Wound Care Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Wound Care Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Wound Care Market, highlighting leading vendors and their innovative profiles. These include 3M Company, Advanced Medical Solutions Group PLC, Advancis Medical, Argentum Medical, LLC, AVERY DENNISON CORPORATION, Axio Biosolutions Pvt. Ltd., Azelis Group, B. Braun SE, Baxter International Inc., Bayer AG, Becton, Dickinson and Company, Cardinal Health, Inc., Coloplast A/S, Convatec Limited, Cypress Medical Products LLC, Essity AB, Gentell, Globus Medical, Inc., H&H Medical Corporation by Safeguard Medical Holdco, LLC, Healthium Medtech Limited, Hollister Incorporated, Integra LifeSciences Corporation, Invacare Corporation, JeNaCell by Evonik Industries AG, Johnson & Johnson Services, Inc., Lohmann & Rauscher GmbH & Co. KG, Medela AG, Medline Industries, LP, Medtronic PLC, Molnlycke Health Care AB, Novo Nordisk A/S, PAUL HARTMANN AG, Smith & Nephew PLC, Stryker Corporation, Talley Group Ltd., Welcare Industries S.p.A, Winner Medical Co., Ltd., WoundEL Health Care, and Zimmer Biomet.

Market Segmentation & Coverage

This research report categorizes the Wound Care Market to forecast the revenues and analyze trends in each of the following sub-markets:

Product
- Advanced Wound Dressing
  - Alginate Dressings
  - Collagen Dressings
  - Film Dressings
  - Foam Dressings
  - Hydrocolloid Dressings
  - Hydrogel Dressings

Surgical Wound Care
- Anti-Infective Dressing
- Sutures & Staples
- Tissue Adhesive & Sealants

Traditional Wound Care Products
- Bandages
- Cleansing Agents
- Cotton
- Gauzes
- Medical Tapes
- Sponges

Devices
- Electric Stimulation Devices
- Hyperbaric Oxygen Equipment
- Negative Pressure Wound Therapy Systems
- Oxygen & Hyperbaric Oxygen Equipment
- Pressure Relief Devices

Offering Type
- Non-prescribed (OTC)
- Prescribed

Application
- Acute Wounds
  - Burn Wounds
  - Surgical & Traumatic Wounds

Chronic Wounds
- Diabetic Foot Ulcers
- Pressure Ulcers
- Venous Leg Ulcers

End User
- Home Healthcare
- Hospitals
- Specialty Clinics
- Trauma Centers

Region
- Americas
  - Argentina
  - Bolivia
  - Brazil
  - Canada
  - Chile
  - Colombia
  - Mexico
  - Paraguay
  - Peru
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Ecuador
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Wound Care Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Wound Care Market?

3. What are the technology trends and regulatory frameworks in the Wound Care Market?

4. What is the market share of the leading vendors in the Wound Care Market?

5. Which modes and strategic moves are suitable for entering the Wound Care Market?

Product Code: MRR-434CCDA04E57

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising geriatric population and high prevalence of diabetes
  - 5.1.1.2. Significant growth in numbers of burn injuries and road accidents worldwide
  - 5.1.1.3. Government initiatives regarding wound care treatment
- 5.1.2. Restraints
  - 5.1.2.1. High cost associated with advanced wound care and incidences of product recall
- 5.1.3. Opportunities
  - 5.1.3.1. Development of novel biomaterials with superior mechanical properties and customizable degradation profiles
  - 5.1.3.2. Inclination toward cost effective wound care coupled with positive investments in wound care management
- 5.1.4. Challenges
  - 5.1.4.1. Limited availability of skilled professionals and contamination issues in wound care
5.2. Market Segmentation Analysis
- 5.2.1. Product: Significant penetration of advanced wound dressings to promote adequate wound healing
- 5.2.2. Devices: High adoption of negative pressure wound therapy systems
- 5.2.3. Offering Type: Prescribed wound care options cater to complex medical conditions with tailored clinical interventions
- 5.2.4. Application: Proliferating utilization of wound care solutions in acute wounds
- 5.2.5. End User: Specialty clinics having a specialized focus on complex wound care
5.3. Market Trend Analysis
- 5.3.1. Significant emphasis on securing product approval and improving efficacy of wound care solutions in the Americas
- 5.3.2. Rising burn incidences and breakthroughs in wound care solutions in the APAC region
- 5.3.3. Expanding wound care facilities to treat chronic and acute injuries in the EMEA region
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework Analysis

6. Wound Care Market, by Product

6.1. Introduction
6.2. Advanced Wound Dressing
6.3. Surgical Wound Care
6.4. Traditional Wound Care Products

7. Wound Care Market, by Devices

7.1. Introduction
7.2. Electric Stimulation Devices
7.3. Hyperbaric Oxygen Equipment
7.4. Negative Pressure Wound Therapy Systems
7.5. Oxygen & Hyperbaric Oxygen Equipment
7.6. Pressure Relief Devices

8. Wound Care Market, by Offering Type

8.1. Introduction
8.2. Non-prescribed (OTC)
8.3. Prescribed

9. Wound Care Market, by Application

9.1. Introduction
9.2. Acute Wounds
9.3. Chronic Wounds

10. Wound Care Market, by End User

10.1. Introduction
10.2. Home Healthcare
10.3. Hospitals
10.4. Specialty Clinics
10.5. Trauma Centers

11. Americas Wound Care Market

11.1. Introduction
11.2. Argentina
11.3. Bolivia
11.4. Brazil
11.5. Canada
11.6. Chile
11.7. Colombia
11.8. Mexico
11.9. Paraguay
11.10. Peru
11.11. United States

12. Asia-Pacific Wound Care Market

12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam

13. Europe, Middle East & Africa Wound Care Market

13.1. Introduction
13.2. Denmark
13.3. Ecuador
13.4. Egypt
13.5. Finland
13.6. France
13.7. Germany
13.8. Israel
13.9. Italy
13.10. Netherlands
13.11. Nigeria
13.12. Norway
13.13. Poland
13.14. Qatar
13.15. Russia
13.16. Saudi Arabia
13.17. South Africa
13.18. Spain
13.19. Sweden
13.20. Switzerland
13.21. Turkey
13.22. United Arab Emirates
13.23. United Kingdom

14. Competitive Landscape

14.1. Market Share Analysis, 2023
14.2. FPNV Positioning Matrix, 2023
14.3. Competitive Scenario Analysis
- 14.3.1. Mimix Biotherapeutics' Breakthrough Tissue Regeneration Treatment Receives Strategic Investment
- 14.3.2. MediWound Announces Collaboration with 3M on EscharEx Phase III StudyMediWound to Join Forces with 3M Health Care
- 14.3.3. Medela To Launch New Invia Integrated Dressing For Wounds
- 14.3.4. Coloplast Expands Wound Care Offerings with Kerecis Acquisition
- 14.3.5. Evonik Company JeNaCell Launches Wound Dressing Epicite Balance For Chronic Wounds
- 14.3.6. LifeNet Health Acquires Best-In-Class Wound Care Portfolio
- 14.3.7. Smith+Nephew receives Innovative Technology contract from Vizient for PICO Single Use Negative Pressure Wound Therapy Systems
- 14.3.8. SolasCure Raises EUR 12M in Series B finance
- 14.3.9. 3M Veraflo Therapy Dressings Receive First-Ever FDA Clearance For Hydromechanical Removal Of Non-Viable Tissue
- 14.3.10. Healthium Medtech Launches New Wound Dressing Portfolio
- 14.3.11. Evonik Cooperates with Coopmed for Distribution Of Wound Dressing Epicite
- 14.3.12. Argentum Medical Acquires Anacapa Technologies

15. Competitive Portfolio

15.1. Key Company Profiles
15.2. Key Product Portfolio