The global wound care market involves various products that help in healing and preventing infection. Wound care & closure and advanced wound care & closure products are used to treat acute and chronic wounds. Chronic wounds are hard to heal and take substantial time to heal. In the next few years the demand for wound care products room is expected to increase significantly in the emerging economies such as China and India.
The product type studied for analyzing the overall wound care market are advanced wound closure and advanced wound care products. On the basis of application the wound care market is segmented into chronic wound care and acute wound care application. Market size and forecast for each of these segments for the period 2019-2029 are provided in this study along with respective CAGRs for the forecast period 2021-2029.
Market size and forecast for these regional and country level markets are presented in this study for the period 2019-2029. Market growth rates for the forecast period 2021-2029 are also included in this report, considering 2020 as the base year.
Along with quantitative information, qualitative information sets and assessment tools are provided in this study for better analysis of the overall market scenario and future prospects. Information such as market inclination insights and drivers, challenges and opportunities assists the readers for understanding the ongoing trends in the global wound care market. Tools such as market positioning of key players and attractive investment proposition provide the readers with insights on the competitive scenario of the global wound care market. This report concludes with company profiles section that highlights major information about the key players engaged in wound care market.
The global wound care market involves various products that help in healing and preventing infection. Wound care & closure and advanced wound care & closure products are used to treat acute and chronic wounds. Chronic wounds are hard to heal and take substantial time to heal. Advanced wound care & closure products are emerging as a standard solution for treating chronic wounds. Traditional wound care & closure products are being increasingly substituted with advanced wound care & closure products due to their efficacy and effectiveness in managing wounds by enabling faster healing. On the basis of product type, the wound care market is broadly segmented into advanced wound closure and advanced wound care products. The advanced wound closure products market is further segmented into haemostatic and sealing agent, topical tissue adhesive and wound closure devices. Haemostatic and sealing agent are further divided into surgical sealant, fibrin sealant, gelatin-based sealant, human fibrinogen and thrombin fleece (HFTF). The advanced wound care products are further segmented into moist wound dressing, active wound care and therapy devices. The moist wound care is further sub-segmented into films, foams, hydrocolloids, hydrogels, collagen, and others. Active wound care products are sub-segmented into skin substitutes and topical agents. The therapy devices further categorized into negative pressure wound therapy, pressure relief devices and others. The advance wound closure products held the largest market in the global wound care market. Rising lifestyle diseases that lead to chronic wounds such as diabetic foot ulcers and growing number of cosmetic, plastic and other surgical procedures has boosted the market growth.
Wound care & closure and advanced wound care & closure products are used to treat acute and chronic wounds. Chronic wounds are hard to heal and take substantial time to heal. Advanced wound care & closure products are emerging as a standard solution for treating chronic wounds. On the basis of application, the global wound care market has been broadly segmented into chronic wounds and acute wounds. The chronic wounds market is further segmented into diabetic foot ulcers (DFU), pressure ulcer, venous leg ulcer and other chronic wounds. The diabetic foot ulcers held the largest share in the chronic wounds market due to the rising cases diabetes globally. The acute wounds market is further segmented into surgical and traumatic wounds and burns. The surgical and traumatic wounds held the largest share in the acute wounds market are is expected to grow at a constant rate due to the rising number of surgeries globally, driving the surgical wound management market. Moreover, increase in the number of road accidents and traumatic injuries would cumulatively fuel the growth of the acute wounds market and hence the growth of global wound care market. Factors such as rising geriatric population, rising incidences of lifestyle related disease such as diabetes and technological advancements would drive the global wound care market during the forecast period.
The geographical segmentation of the global wound care market comprises North America, Europe, Asia-Pacific, Latin America and Middle East and Africa. In base year 2020, North America accounted for the largest market in the wound care market due to the growing geriatric population susceptible for diabetes and other lifestyle related diseases. Moreover, rising volume of surgical procedures would also assist the wound care market in North America. Europe is the second largest market in the global wound care market due to the population prevalence of wounds being 4/1000 people in the region making it a lucrative market for wound care products. Asia Pacific is expected to grow at a highest rate during the forecast period due to the population growth in the region, developing healthcare infrastructure and growing reimbursement policies in the region. The growth of the wound care market in the region is likely to be centered on China, Japan, Malaysia, Australia and India over the forecast period.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Wound Care market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
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| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
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Applications
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
