The global wound care market size reached USD 23.57 billion in 2023 and is expected to be worth around USD 35.33 billion by 2032, growing a CAGR of 4.40% from 2023 to 2032.
Key Takeaways
- North America contributed more than 46% of revenue share in 2022.
- Asia Pacific is estimated to expand the fastest CAGR between 2023 and 2032.
- By application, the chronic segment has held the largest market share of 75% in 2022.
- By application, the acute segment is anticipated to grow at a remarkable CAGR of 5.1% between 2023 and 2032.
- By end-use, the hospital segment generated over 39% of revenue share in 2022.
- By end-use, the home care segment is expected to expand at the fastest CAGR over the projected period.
- By product, the advanced wound dressing segment generated over 34% of revenue share in 2022.
- By product, the surgical wound care segment is expected to expand at the fastest CAGR over the projected period.
- By mode of purchase, the prescribed segment generated over 65% of revenue share in 2022.
- By mode of purchase, the non-prescribed (OTC) segment is expected to expand at the fastest CAGR over the projected period.
The global Wound Care Market has witnessed significant growth in recent years, driven by an increasing aging population, rising incidences of chronic wounds, and advancements in wound care technologies. This market encompasses a wide array of products and services designed to promote healing and prevent infection in wounds of varying complexities.
Wound care is a critical component of healthcare, addressing a spectrum of injuries, from minor cuts and abrasions to complex surgical wounds. The market is comprised of various products, including dressings, bandages, topical agents, and devices, catering to both acute and chronic wound management.
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Growth Factors:
- Aging Population and Chronic Diseases: The aging demographic worldwide has led to a higher prevalence of chronic diseases, contributing to an increased demand for advanced wound care solutions. Conditions like diabetes and vascular diseases often result in chronic wounds, necessitating sophisticated wound care interventions.
- Technological Advancements: The constant evolution of wound care technologies has played a pivotal role in market growth. Innovations such as smart dressings, bioactive materials, and advanced therapies accelerate the healing process and improve patient outcomes. These technological advancements have enhanced the efficacy and efficiency of wound care treatments.
- Rising Awareness and Education: Growing awareness about the importance of proper wound care and the availability of diverse treatment options have encouraged individuals to seek timely interventions. Healthcare professionals and organizations are also focusing on educating both patients and caregivers, fostering a proactive approach towards wound management.
- Increasing Surgical Procedures: The global rise in surgical procedures, driven by advancements in medical science and increasing healthcare accessibility, has positively impacted the wound care market. Post-surgical wound management is a crucial aspect of patient recovery, driving the demand for specialized wound care products and services.
- Government Initiatives and Healthcare Infrastructure: Supportive government initiatives aimed at improving healthcare infrastructure and accessibility to wound care facilities have contributed to market growth. Investments in research and development, coupled with regulatory measures, ensure the quality and safety of wound care products, fostering market expansion.
Wound Care Market Scope
| Report Coverage | Details |
| Market Size in 2023 | USD 23.57 Billion |
| Market Size by 2032 | USD 35.33 Billion |
| Growth Rate from 2023 to 2032 | CAGR of 4.40% |
| Largest Market | North America |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Segments Covered | By Application, By End-use, By Product, and By Mode of Purchase |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
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By Application:
Wound care products cater to a diverse range of medical needs, and their applications span various medical conditions. One significant segment is acute wounds, including surgical wounds and traumatic injuries. These wounds often require specialized products for efficient healing and prevention of infections. Another key application is chronic wounds, which can result from conditions like diabetic ulcers, pressure ulcers, or venous leg ulcers. The demand for wound care products in addressing chronic wounds is steadily growing due to the rising incidence of diabetes and an aging population.
By End-use:
The end-use segmentation of the wound care market encompasses various healthcare settings where these products are utilized. Hospitals and clinics represent major end-users, as they handle a broad spectrum of wounds, both acute and chronic. Home healthcare settings have also become a significant end-use segment, driven by the increasing trend of managing certain wounds outside traditional medical facilities. Additionally, wound care products find application in long-term care facilities, where the focus is on managing chronic wounds associated with aging and underlying health conditions.
By Product:
Wound care products come in a diverse range, addressing specific needs at different stages of wound healing. Advanced wound care products, such as hydrocolloids, alginates, and hydrogels, are gaining prominence for their effectiveness in promoting faster healing and reducing infection risks. Traditional wound care products like dressings and bandages remain essential, providing basic protection and support for various wounds. Additionally, active wound care products, including growth factors and biological dressings, are emerging as innovative solutions for promoting tissue regeneration and accelerating the healing process.
By Mode of Purchase:
The mode of purchase in the wound care market involves both traditional procurement channels and modern avenues. Hospitals and healthcare institutions often procure wound care products through direct contracts with manufacturers or distributors. Retail pharmacies play a crucial role in providing over-the-counter wound care products to consumers for self-management of minor wounds. With the advent of e-commerce, online platforms have become increasingly popular for purchasing wound care products, offering convenience and a wide range of options. This shift in the mode of purchase reflects evolving consumer preferences and the influence of digital platforms in the healthcare industry.
Reasons to Purchase this Report:
- Comprehensive market segmentation analysis incorporating qualitative and quantitative research, considering the impact of economic and policy factors.
- In-depth regional and country-level analysis, examining the demand and supply dynamics that influence market growth.
- Market size in USD million and volume in million units provided for each segment and sub-segment.
- Detailed competitive landscape, including market share of major players, recent projects, and strategies implemented over the past five years.
- Comprehensive company profiles encompassing product offerings, key financial information, recent developments, SWOT analysis, and employed strategies by major market players.
Wound Care Market Players
- 3M Company
- Smith & Nephew plc
- Johnson & Johnson
- Mölnlycke Health Care
- Coloplast A/S
- ConvaTec Group plc
- B. Braun Melsungen AG
- Medtronic plc
- Acelity L.P. Inc.
- Integra LifeSciences Corporation
- Ethicon, Inc. (a subsidiary of Johnson & Johnson)
- Derma Sciences, Inc. (acquired by Integra LifeSciences)
- Misonix, Inc.
- Organogenesis Holdings Inc.
- Hollister Incorporated
Segments Covered in the Report
By Application
- Chronic
- Acute
By End-use
- Hospitals
- Specialty Clinics
- Home Healthcare
- Physician’s Office
- Nursing Homes
- Others
By Product
- Advanced Wound Dressing
- Surgical Wound Care
- Traditional Wound Care
- Wound Therapy Devices
By Mode of Purchase
- Prescribed
- Non-prescribed (OTC)
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology (Premium Insights)
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Wound Care Market
5.1. COVID-19 Landscape: Wound Care Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Wound Care Market, By Application
8.1. Wound Care Market, by Application, 2023-2032
8.1.1. Chronic
8.1.1.1. Market Revenue and Forecast (2020-2032)
8.1.2. Acute
8.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 9. Global Wound Care Market, By End-use
9.1. Wound Care Market, by End-use, 2023-2032
9.1.1. Hospitals
9.1.1.1. Market Revenue and Forecast (2020-2032)
9.1.2. Specialty Clinics
9.1.2.1. Market Revenue and Forecast (2020-2032)
9.1.3. Home Healthcare
9.1.3.1. Market Revenue and Forecast (2020-2032)
9.1.4. Physician’s Office
9.1.4.1. Market Revenue and Forecast (2020-2032)
9.1.5. Nursing Homes
9.1.5.1. Market Revenue and Forecast (2020-2032)
9.1.6. Others
9.1.6.1. Market Revenue and Forecast (2020-2032)
Chapter 10. Global Wound Care Market, By Product
10.1. Wound Care Market, by Product, 2023-2032
10.1.1. Advanced Wound Dressing
10.1.1.1. Market Revenue and Forecast (2020-2032)
10.1.2. Surgical Wound Care
10.1.2.1. Market Revenue and Forecast (2020-2032)
10.1.3. Traditional Wound Care
10.1.3.1. Market Revenue and Forecast (2020-2032)
10.1.4. Wound Therapy Devices
10.1.4.1. Market Revenue and Forecast (2020-2032)
Chapter 11. Global Wound Care Market, By Mode of Purchase
11.1. Wound Care Market, by Mode of Purchase, 2023-2032
11.1.1. Prescribed
11.1.1.1. Market Revenue and Forecast (2020-2032)
11.1.2. Non-prescribed (OTC)
11.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 12. Global Wound Care Market, Regional Estimates and Trend Forecast
12.1. North America
12.1.1. Market Revenue and Forecast, by Application (2020-2032)
12.1.2. Market Revenue and Forecast, by End-use (2020-2032)
12.1.3. Market Revenue and Forecast, by Product (2020-2032)
12.1.4. Market Revenue and Forecast, by Mode of Purchase (2020-2032)
12.1.5. U.S.
12.1.5.1. Market Revenue and Forecast, by Application (2020-2032)
12.1.5.2. Market Revenue and Forecast, by End-use (2020-2032)
12.1.5.3. Market Revenue and Forecast, by Product (2020-2032)
12.1.5.4. Market Revenue and Forecast, by Mode of Purchase (2020-2032)
12.1.6. Rest of North America
12.1.6.1. Market Revenue and Forecast, by Application (2020-2032)
12.1.6.2. Market Revenue and Forecast, by End-use (2020-2032)
12.1.6.3. Market Revenue and Forecast, by Product (2020-2032)
12.1.6.4. Market Revenue and Forecast, by Mode of Purchase (2020-2032)
12.2. Europe
12.2.1. Market Revenue and Forecast, by Application (2020-2032)
12.2.2. Market Revenue and Forecast, by End-use (2020-2032)
12.2.3. Market Revenue and Forecast, by Product (2020-2032)
12.2.4. Market Revenue and Forecast, by Mode of Purchase (2020-2032)
12.2.5. UK
12.2.5.1. Market Revenue and Forecast, by Application (2020-2032)
12.2.5.2. Market Revenue and Forecast, by End-use (2020-2032)
12.2.5.3. Market Revenue and Forecast, by Product (2020-2032)
12.2.5.4. Market Revenue and Forecast, by Mode of Purchase (2020-2032)
12.2.6. Germany
12.2.6.1. Market Revenue and Forecast, by Application (2020-2032)
12.2.6.2. Market Revenue and Forecast, by End-use (2020-2032)
12.2.6.3. Market Revenue and Forecast, by Product (2020-2032)
12.2.6.4. Market Revenue and Forecast, by Mode of Purchase (2020-2032)
12.2.7. France
12.2.7.1. Market Revenue and Forecast, by Application (2020-2032)
12.2.7.2. Market Revenue and Forecast, by End-use (2020-2032)
12.2.7.3. Market Revenue and Forecast, by Product (2020-2032)
12.2.7.4. Market Revenue and Forecast, by Mode of Purchase (2020-2032)
12.2.8. Rest of Europe
12.2.8.1. Market Revenue and Forecast, by Application (2020-2032)
12.2.8.2. Market Revenue and Forecast, by End-use (2020-2032)
12.2.8.3. Market Revenue and Forecast, by Product (2020-2032)
12.2.8.4. Market Revenue and Forecast, by Mode of Purchase (2020-2032)
12.3. APAC
12.3.1. Market Revenue and Forecast, by Application (2020-2032)
12.3.2. Market Revenue and Forecast, by End-use (2020-2032)
12.3.3. Market Revenue and Forecast, by Product (2020-2032)
12.3.4. Market Revenue and Forecast, by Mode of Purchase (2020-2032)
12.3.5. India
12.3.5.1. Market Revenue and Forecast, by Application (2020-2032)
12.3.5.2. Market Revenue and Forecast, by End-use (2020-2032)
12.3.5.3. Market Revenue and Forecast, by Product (2020-2032)
12.3.5.4. Market Revenue and Forecast, by Mode of Purchase (2020-2032)
12.3.6. China
12.3.6.1. Market Revenue and Forecast, by Application (2020-2032)
12.3.6.2. Market Revenue and Forecast, by End-use (2020-2032)
12.3.6.3. Market Revenue and Forecast, by Product (2020-2032)
12.3.6.4. Market Revenue and Forecast, by Mode of Purchase (2020-2032)
12.3.7. Japan
12.3.7.1. Market Revenue and Forecast, by Application (2020-2032)
12.3.7.2. Market Revenue and Forecast, by End-use (2020-2032)
12.3.7.3. Market Revenue and Forecast, by Product (2020-2032)
12.3.7.4. Market Revenue and Forecast, by Mode of Purchase (2020-2032)
12.3.8. Rest of APAC
12.3.8.1. Market Revenue and Forecast, by Application (2020-2032)
12.3.8.2. Market Revenue and Forecast, by End-use (2020-2032)
12.3.8.3. Market Revenue and Forecast, by Product (2020-2032)
12.3.8.4. Market Revenue and Forecast, by Mode of Purchase (2020-2032)
12.4. MEA
12.4.1. Market Revenue and Forecast, by Application (2020-2032)
12.4.2. Market Revenue and Forecast, by End-use (2020-2032)
12.4.3. Market Revenue and Forecast, by Product (2020-2032)
12.4.4. Market Revenue and Forecast, by Mode of Purchase (2020-2032)
12.4.5. GCC
12.4.5.1. Market Revenue and Forecast, by Application (2020-2032)
12.4.5.2. Market Revenue and Forecast, by End-use (2020-2032)
12.4.5.3. Market Revenue and Forecast, by Product (2020-2032)
12.4.5.4. Market Revenue and Forecast, by Mode of Purchase (2020-2032)
12.4.6. North Africa
12.4.6.1. Market Revenue and Forecast, by Application (2020-2032)
12.4.6.2. Market Revenue and Forecast, by End-use (2020-2032)
12.4.6.3. Market Revenue and Forecast, by Product (2020-2032)
12.4.6.4. Market Revenue and Forecast, by Mode of Purchase (2020-2032)
12.4.7. South Africa
12.4.7.1. Market Revenue and Forecast, by Application (2020-2032)
12.4.7.2. Market Revenue and Forecast, by End-use (2020-2032)
12.4.7.3. Market Revenue and Forecast, by Product (2020-2032)
12.4.7.4. Market Revenue and Forecast, by Mode of Purchase (2020-2032)
12.4.8. Rest of MEA
12.4.8.1. Market Revenue and Forecast, by Application (2020-2032)
12.4.8.2. Market Revenue and Forecast, by End-use (2020-2032)
12.4.8.3. Market Revenue and Forecast, by Product (2020-2032)
12.4.8.4. Market Revenue and Forecast, by Mode of Purchase (2020-2032)
12.5. Latin America
12.5.1. Market Revenue and Forecast, by Application (2020-2032)
12.5.2. Market Revenue and Forecast, by End-use (2020-2032)
12.5.3. Market Revenue and Forecast, by Product (2020-2032)
12.5.4. Market Revenue and Forecast, by Mode of Purchase (2020-2032)
12.5.5. Brazil
12.5.5.1. Market Revenue and Forecast, by Application (2020-2032)
12.5.5.2. Market Revenue and Forecast, by End-use (2020-2032)
12.5.5.3. Market Revenue and Forecast, by Product (2020-2032)
12.5.5.4. Market Revenue and Forecast, by Mode of Purchase (2020-2032)
12.5.6. Rest of LATAM
12.5.6.1. Market Revenue and Forecast, by Application (2020-2032)
12.5.6.2. Market Revenue and Forecast, by End-use (2020-2032)
12.5.6.3. Market Revenue and Forecast, by Product (2020-2032)
12.5.6.4. Market Revenue and Forecast, by Mode of Purchase (2020-2032)
Chapter 13. Company Profiles
13.1. 3M Company
13.1.1. Company Overview
13.1.2. Product Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. Smith & Nephew plc
13.2.1. Company Overview
13.2.2. Product Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. Johnson & Johnson
13.3.1. Company Overview
13.3.2. Product Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. Mölnlycke Health Care
13.4.1. Company Overview
13.4.2. Product Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. Coloplast A/S
13.5.1. Company Overview
13.5.2. Product Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. ConvaTec Group plc
13.6.1. Company Overview
13.6.2. Product Offerings
13.6.3. Financial Performance
13.6.4. Recent Initiatives
13.7. B. Braun Melsungen AG
13.7.1. Company Overview
13.7.2. Product Offerings
13.7.3. Financial Performance
13.7.4. Recent Initiatives
13.8. Medtronic plc
13.8.1. Company Overview
13.8.2. Product Offerings
13.8.3. Financial Performance
13.8.4. Recent Initiatives
13.9. Acelity L.P. Inc.
13.9.1. Company Overview
13.9.2. Product Offerings
13.9.3. Financial Performance
13.9.4. Recent Initiatives
13.10. Integra LifeSciences Corporation
13.10.1. Company Overview
13.10.2. Product Offerings
13.10.3. Financial Performance
13.10.4. Recent Initiatives
Chapter 14. Research Methodology
14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions
Chapter 15. Appendix
15.1. About Us
15.2. Glossary of Terms
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