Wound Care Market By Product type (Advanced Wound Care Products, Surgical Wound Care Products, and Traditional Wound Care Products), By End-User (Hospitals, Clinics, and Others), and By Region, Trends, Analysis and Forecast till 2034

Wound Care  Market was valued at USD 23.1 Billion in 2024 and is projected to grow at a CAGR of 4.30% to reach USD 35.2 Billion by 2034.

Wound Care help in protecting wound from infection, contamination and from spoiling with body waste or fluid and thus, promotes wound healing. Growing geriatric population has given rise in demand for wound care market.

Growing number of surgical cases across globe has become the major factor in market growth. Growing prevalence of chronic diseases such as cardiovascular, diabetes and others has further driven the market growth. Rising number of burn injuries cases worldwide and improved healthcare infrastructure is anticipated to increase the demand for Wound Care Market growth in future.

Growing Incidence of Diabetes & Diabetic Foot Ulcer to Fuel Market Growth

Growing prevalence of chronic diseases such as Diabetes has become a leading factor in market growth. As geriatric population is growing diabetes disease is increasing widely across globe. Diabetic foot ulcers are common in diabetic individuals, and wound care treatments can help them heal. Diabetic foot ulcers, for example, impact more than 25% of diabetics and can lead to amputation in 20% of cases, according to ScienceDirect. Hydrocolloid dressings, for example, aid in moisture retention and allow wounds to heal more quickly both inside and externally. These medications also aid in the absorption of necrotic tissues, which is beneficial in the case of surgical site infections. As a result, healthcare professionals choose these goods, propelling market expansion over the predicted period.

For instance, according to CDC (Centers for Disease Control and Prevention), in United States around 37.3 million people have diabetes and around 26.4 million people aged over 65 years and older has pre-diabetes.

For instance, according to (PubMed Central) in 2018, the report showed that diabetes cause incidence of foot ulcers accounting for more than 80% of amputations which increase burden on hospital costs and admissions in United States.

Growing Incidence of Burn Injuries to Fuel Market Growth

Growing incidence of burn injuries has become a leading factor in market growth. Contact with hot object, exposure to chemicals, radiation and electrical, scalds, fire-flames has become a primary causes of burn injuries in human being. Wound closure help in reducing evaporative water losses and thus, protects from infection and contamination in patients. As wound care provides healing and reduce patients pain completely is likely to propel market growth.

For instance, in 2018 according to WHO (World Health Organization), burn injuries occur mainly at home and workplace and non-fatal burn injuries have become a leading cause of morbidity rate across globe. Around 1,80,000 deaths are caused by burns every year with majority in lower and middle income countries.

Thus, incidence of burn injuries across globe has facilitated the demand for Wound Care market growth.

Restrains:

However, growing raw material and labor costs has given rise in prices of wound care products such as bandages, dressings which in turn, restrain the market growth. Expensive treatment for wound care has further hampered the demand for Wound Care market growth.

Wound Care Market is segmented based on Product Type, End-Users and Region.

Product Type Insight

On the basis of Product Type, Wound Care Market is segmented into Advanced Wound Care Products, Surgical Wound Care Products, and Traditional Wound Care Products. Advanced Wound Care Products type is expected to dominate the target market growth as it is widely used in treating non-healing and chronic wounds. Growing prevalence of chronic diseases across globe is likely to propel Advanced Wound Care Products type segment growth over the forecast period.

For instance, according to CDC (Centers for Disease Control and Prevention), 6 in 10 adults have chronic diseases in United States and 4 in 10 adults have two or more type of chronic diseases. Further, around $4.1 trillion of nation’s cost is spent on Annual Health Care for chronic diseases which has become a leading cause of death and disability. 

End-Users Insights

On the basis of End-Users, Wound Care Market is segmented into Hospitals, Clinics, and Others. Hospitals end-users segment is expected to dominate the target market growth because it deals with complete diagnosis and treatment by providing all facilities under one roof.

Regional Insights:

On region the Wound Care Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period. In 2021, the North American region dominated the market, accounting for the highest revenue share. The presence of a well-developed healthcare system, as well as an increase in the number of surgical procedures performed, are major factors in its dominance.

For instance, according to the Agency for Healthcare Research and Quality, in United States, around 11,474,800 surgical procedures were performed in ambulatory settings, while 10,303,000 surgical procedures were performed in inpatient settings. Furthermore, the growing geriatric population is a major driver driving market growth. According to the United Nations Organization, the global geriatric population reached 962.0 million in 2017 and is expected to reach 2.1 billion by 2050.

Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2022 to 2032. For the purpose of this study, has segmented the Wound Care Market report based on Product Type, End-Users and Region:

Wound Care Market, By Product Type:

• Advanced Wound Care Products
• Surgical Wound Care Products
• Traditional Wound Care Products

Wound Care Market, By End-Users:

• Hospitals
• Clinics
• Others

Wound Care Market, By Region:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East & Africa

The key players operating the Wound Care Market includes, Acelity L.P. Inc., Smith & Nephew plc., Mölnlycke Health Care AB, ConvaTec Group Plc, Baxter International Inc., Coloplast A/S,BSN medical GmbH, Organogenesis Inc., DeRoyal Industries, Inc. and Ethicon, Inc., and others.

Recent Development:

• In October 2022, Healthium Medtech launched new portfolio of wound dressing ‘Theruptor Novo’ for managing chronic wounds such as diabetic foot ulcers and leg ulcers. The new launched product is non-toxic, anti-microbial with patented technology in India, U.S., Canada and Europe. This launch of product will able to strengthen the position of Healthium in advanced wound dressing market.
• In May 2022, Winner Medical showcased its innovative wound care products and also launched new CMC dressing products at EWMA 2022 exhibition. The company showcased its innovative wound care solution such as Antibiosis Series Products, Bordered Silicone Foam Dressing with SAF and Transparent Film Dressing. New launched CMC dressing is single-use, sterile and composed of sodium carboxy-methyl-cellulose fibers used for heavy exudate and moderate wounds.

• Acelity L.P. Inc.*
• Smith & Nephew plc.
• Mölnlycke Health Care AB
• ConvaTec Group Plc
• Baxter International Inc.
• Coloplast A/S
• BSN medical GmbH
• Organogenesis Inc.
• DeRoyal Industries, Inc.
• Ethicon, Inc.