Global Advanced Wound Care Market Is Likely To Grow At A CAGR Value Of Around 5.9% By 2028

10-May-2022 | Zion Market Research

Advanced Wound Care Market was worth around USD 9,215.1 million in 2021 and is estimated to grow to about USD 12,997.9 million by 2028, with a compound annual growth rate (CAGR) of approximately 5.9 percent over the forecast period. The report analyzes the Advanced Wound Care Market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Advanced Wound Care Market.

Advanced wound care products include those used to treat both acute and chronic wounds, such as ulcers, burns, and post-operative wounds. Advanced wound care treatments, such as film and foam dressings, hydrogels, alginates, and hydrocolloids, keep the wound moist while promoting healing without hindering it. Patients suffering from chronic wounds can benefit from the advanced wound care business, which provides them with simply accessible and reasonably priced things that they can use at their leisure. The global advanced wound care market is predicted to grow at a rapid pace during the forecast period, owing to increased awareness of the benefits of advanced wound care and technical advancements in this field. In addition, an increasing number of new goods are boosting the market growth. Moreover, rising technical advancements to increase the functionality of advanced care products are supplementing and providing new prospects for the global advanced wound care market's future growth. Advanced wound care products are critical in the treatment of chronic or acute wounds, which are frequently associated with conditions such as diabetes mellitus, weakened immune systems, cardiovascular or respiratory disease, renal impairment, malignancy, rheumatoid arthritis, obesity, and malnutrition. Thus the growing number of these diseases is promoting the growth of the market. Furthermore, a growing senior population at high risk of developing chronic wounds, as well as increased government healthcare spending, are driving market expansion. However, a lack of patient understanding about the benefits of sophisticated wound care solutions may stymie market expansion.

The Advanced Wound Care Market is segregated based on Product, Wound Type, and End User. Based on Product, the global market is distinguished into Dressings, Grafts & Matrices, and Topical Agents. Based on Wound Type, the global market is distinguished into Surgical & Traumatic Wounds, Diabetic Foot Ulcers, Pressure Ulcers, Venous Leg Ulcers, and Burns & Other Wounds. Based on End Users, the global market is distinguished into Hospitals, ASCs, Wound Care Centers, Home Care Settings, and Other End Users.

Global Advanced Wound Care Market

North America dominated the advanced wound care market, in terms of revenue in the forecast period. This dominance can be attributed to a well-developed healthcare infrastructure as well as a rise in surgical operations. Furthermore, the rising incidence of accidents such as car accidents, burns, and trauma events around the world is expected to drive the market. The rising prevalence of chronic injuries in the United States, combined with rising healthcare costs, is expected to boost industry demand in the approaching years. The market for advanced wound care in the Asia Pacific is expected to grow at the fastest rate over the projected period. This can be linked to a changing lifestyle, which has increased the incidence of chronic diseases and the senior population in this region. Furthermore, by 2036, adults over the age of 65 will account for one-third of the country's population. Since the older population is more susceptible to numerous diseases and disabilities, growth in the geriatric population may drive demand for enhanced wound care products. Furthermore, a surge in medical tourism is expected to help propel the market even further. As a result of the aforementioned factors, Asia Pacific is expected to develop at the quickest rate throughout the projection period.

Key players functioning in the Advanced Wound Care Market include 3M Company (US), Smith & Nephew plc (UK), ConvaTec Group Plc (UK), Coloplast A/S (Denmark), Mölnlycke Health Care AB (Sweden), Integra LifeSciences Holdings Corporation (US), PAUL HARTMANN AG (Germany), B. Braun Melsungen AG (Germany), Cardinal Health, Inc. (US), Organogenesis Holdings Inc. (US), Misonix, Inc. (US), MiMedx Group, Inc. (US), Zimmer Biomet Holdings, Inc. (US), Lohmann & Rauscher GmbH & Co. KG (Germany), DeRoyal Industries, Inc. (US), Medline Industries, Inc. (US), DermaRite Industries, LLC (US), Kerecis (Iceland), Advancis Medical (UK), Winner Medical Co., Ltd. (China), Hollister Incorporated (US), Mil Laboratories Pvt. Ltd. (India), Shield Line (US), ZENI MEDICAL (US), Carilex Medical (Germany), Pensar Medical, LLC (US), Wuhan VSD Medical Science & Technology Co., Ltd. (China), and HAROMED B.V. (Belgium).

Recent developments:

  • In 2020, Smith & Nephew announced the availability of the PICO 14 single-use negative pressure wound therapy system (sNPWT) in the United States, with a pump life of up to 14 days. This new pump incorporates the features and benefits of earlier PICO sNPWT systems, as well as an updated pump that requires less human involvement.
  • In 2020, MIMEDX introduced the EpiCord Expandable, a placental tissue transplant, to the market. This allograft's novel shape allows healthcare practitioners to cover up to double the surface area and is meant to meet the demands of patients with bigger, chronic, and difficult-to-heal wounds.

Browse the full Advanced Wound Care Market By Product (Dressings, Grafts & Matrices, and Topical Agents). By Wound Type (Surgical & Traumatic Wounds, Diabetic Foot Ulcers, Pressure Ulcers, Venous Leg Ulcers, and Burns & Other Wounds). By End Users (Hospitals, ASCs, Wound Care Centers, Home Care Settings, and Other End Users). Report at https://www.zionmarketresearch.com/report/advance-wound-care-market

Advanced Wound Care Market is segmented as follows:

By Product

  • Dressings
  • Grafts & Matrices
  • Topical Agents

By Wound Type

  • Surgical & Traumatic Wounds
  • Diabetic Foot Ulcers
  • Pressure Ulcers
  • Venous Leg Ulcers
  • Burns & Other Wounds

By End-User

  • Hospitals, ASCs, and Wound Care Centers
  • Home Care Settings
  • Other End Users

By Region

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

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