PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1771769
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1771769
The global advanced wound care market is projected to reach USD 19.32 billion by 2030 from USD 13.37 billion in 2025, at a CAGR of 7.6% during the forecast period."
Scope of the Report | |
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Years Considered for the Study | 2024-2030 |
Base Year | 2024 |
Forecast Period | 2024-2030 |
Units Considered | Value (USD billion) |
Segments | Product, Wound Type, and End User |
Regions covered | North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa |
The advanced wound care market is projected to grow at a CAGR of 7.6% during the forecast period. The key factors contributing to the market growth include the increasing prevalence of diabetes, the rising cases of traumatic & burn injuries, and the expanding geriatric population with a subsequent rise in chronic wound conditions.
By end user, the hospitals, ASCs, and wound care centers segment accounted for the largest share of the market in 2024.
By end user, the advanced wound care market is segmented into hospitals, ASCs, and wound care centers; home care settings; and other end users. In 2024, the hospitals, ASCs, and wound care centers segment accounted for the largest share of the market in 2024. The rising incidence of diabetic foot ulcers and surgical wounds primarily causes the need for advanced wound care products in hospitals. Hospital visits for wound care have also increased owing to the expanding geriatric population and the increasing incidence of chronic conditions, such as diabetes and vascular diseases. Hospitals and other advanced wound care centers can treat wounds quickly & effectively due to established protocols, knowledgeable medical staff, and the availability of advanced wound care products.
By wound type, the surgical & traumatic wounds segment accounted for the largest market share in 2024.
The market is segmented by wound type into surgical & traumatic wounds, diabetic foot ulcers, pressure ulcers, venous leg ulcers, and burns & other wounds. The surgical & traumatic wounds segment accounted for the largest share of the advanced wound care market in 2024. The large share of this segment is attributed to the availability of advanced wound care products, which are particularly effective in managing these wounds, as they promote quicker recovery, reduce infection risks, and improve tissue growth. The increasing number of surgical procedures owing to the rising incidence of chronic diseases is also expected to contribute to market growth.
By region, the Asia Pacific is expected to grow at the highest CAGR during the forecast period.
The global advanced wound care market is segmented into five regions: North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. The growth of the Asia Pacific region can be attributed to the rising number of surgeries, road accidents, and burn cases, which is expected to influence the demand for advanced wound care therapies. The growing incidence of diabetes and rising cases of foot ulcers is also likely to fuel market growth. The Asia Pacific region offers high growth opportunities for players in the market owing to emerging growth economies.
Note 1: Companies are classified into tiers based on their total revenue. As of 2024, Tier 1 = >USD 10.00 billion, Tier 2 = USD 1.00 billion to USD 10.00 billion, and Tier 3 = <USD 1.00 billion.
Note 2: C-level primaries include CEOs, CFOs, COOs, and VPs.
Note 3: Others include sales managers, marketing managers, business development managers, product managers, distributors, and suppliers.
The key players operating in the advanced wound care market are Solventum (US), Smith+ Nephew (UK), Molnlycke AB (Sweden), Convatec Group PLC (UK), Coloplast Group (Denmark), Cardinal Health (US), Integra LifeSciences Corporation (US), PAUL HARTMANN AG (Germany), B.Braun SE (Germany), Organogenesis Inc. (US), MIMEDX Group, Inc. (US), Essity, Aktiebolag (Sweden), AVERY DENNISON CORPORATION (US), MATIV HOLDINGS, INC. (US), Owens & Minor (US), Zimmer Biomet (US), and Bioventus (US).
Research Coverage
This report studies the advanced wound care market based on product, wound type, end user, and country. The report also studies factors (such as drivers, restraints, opportunities, and challenges) affecting market growth and provides details of the competitive landscape for market leaders. Furthermore, the report analyzes micro markets concerning their growth trends. It forecasts the revenue of the market segments pertaining to five regions (and the respective countries in these regions).
Reasons to Buy the Report
The report will enable established and entrants/smaller firms to gauge the market's pulse, which, in turn, would help them gain a larger market share. Firms purchasing the report could use one or a combination of the strategies mentioned below to strengthen their market presence.
the rising incidence of burn injuries, and supportive
government initiatives & reimbursement policies), restraints (high cost of advanced wound care products and the risks associated with the use of advanced wound care products), opportunities (Emerging economies and the rising technological advancements in advanced wound care products), and challenges (shortage of trained professionals and limited awareness of advanced wound care products in rural areas)