Wound Closure & Advanced Wound Care Market by Product (Collagen-Based Sealants, Fibrin-Based Sealants, Hydrocolloids-Based Sealants), Application (Acute Wounds, Chronic Wounds), End-User - Global Forecast 2024-2030

Wound Closure & Advanced Wound Care Market by Product (Collagen-Based Sealants, Fibrin-Based Sealants, Hydrocolloids-Based Sealants), Application (Acute Wounds, Chronic Wounds), End-User - Global Forecast 2024-2030


The Wound Closure & Advanced Wound Care Market size was estimated at USD 16.34 billion in 2023 and expected to reach USD 17.86 billion in 2024, at a CAGR 9.47% to reach USD 30.78 billion by 2030.

Wound closure is a medical procedure aimed at approximating the edges of a wound to facilitate healing and minimize the risk of infection. This process is crucial for restoring the skin's integrity and function following an injury or surgery. Wound closure techniques vary depending on the nature and severity of the wound and include sutures, staples, adhesive tapes, and adhesives. Moreover, enhanced investment in healthcare and focus on reducing hospital stays contribute positively to market growth. However, the high costs associated with wound care and management and the complexity issues associated with chronic wound treatments may challenge the market growth. Nevertheless, the introduction of smart wound care solutions incorporating sensors and data analytics to monitor wound healing and reduce complications is expected to offer significant opportunities for the market. Moreover, advances in tissue engineering and stem cell therapy offer significant opportunities within the market.

Regional Insights

The wound closure and advanced wound care market in the Americas is highly developed, with well-established healthcare infrastructure supporting R&D and distribution. Consumer needs in the Americas are geared towards high-quality and technologically advanced products, focusing on minimally invasive solutions. The U.S. hosts several ground-breaking research initiatives, often backed by large investments from both private and public sectors. The market has also seen a wave of initiatives aiming to address the opioid crisis by developing alternative pain management solutions for post-surgical care. The EMEA region presents a diverse market with varying degrees of product adoption and healthcare spending. With their standardized regulatory framework, the European Union countries offer a stable market for advanced wound care products. Consumer needs across EMEA vary greatly, with Western Europe favoring cutting-edge products, while price sensitivity is more pronounced in Africa and the Middle East. The EMEA region is an active site for the latest patents and research, which often benefit from EU funding and initiatives such as Horizon Europe. The Asia Pacific region is witnessing significant growth in the wound closure and advanced wound care market. This can be attributed to an increasing aging population, a rising incidence of chronic wounds, and an expanding healthcare infrastructure. Consumer needs within the region are driven by a demand for cost-effective products due to high out-of-pocket healthcare spending. Recent investments are focused on improving product accessibility and expanding local production capabilities.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Wound Closure & Advanced Wound Care Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers
  • Growing geriatric population an increasing number of patients with chronic wounds
  • Improving healthcare infrastructure and access across economies
  • Globally rising rate of accidents and trauma cases
Market Restraints
  • High cost associated with wound care and management
Market Opportunities
  • Introduction of smart wound care products and technologies
  • Development of burn care centers in economies
Market Challenges
  • Complexity issues associated with chronic wound treatments
Market Segmentation Analysis
  • Product: Proliferation of collagen-based sealants to support tissue healing
  • Application: Preferences for wound closure & advanced wound care in chronic wounds such as diabetic foot ulcers
  • End-User: Increased adoption in hospital setting owing to procedures ranging from surgery to emergency care
Market Disruption Analysis
  • Porter’s Five Forces Analysis
  • Value Chain & Critical Path Analysis
  • Pricing Analysis
  • Technology Analysis
  • Patent Analysis
  • Trade Analysis
  • Regulatory Framework Analysis
FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Wound Closure & Advanced Wound Care Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Wound Closure & Advanced Wound Care Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Innosphere Ventures Fund Announces Major Investment in GelSana to Revolutionize Advanced Wound Care

Innosphere Ventures Fund announced a significant follow-on investment in GelSana, an innovator in the advanced wound care sector. With a total of USD 3.1 million in funding thus far, GelSana is set to advance its pioneering hydrogel technology, designed for smarter, more efficient wound management.

DuPont Launches New Soft Skin Adhesive for Wound Care Dressings

DuPont's innovative foray into enhanced wound care comes with the introduction of Liveo MG 7-9960, a high-adhesion, low-cyclic soft skin adhesive (SSA). With its remarkable staying power and effortless removal, Liveo MG 7-9960 promises extended wear time for medical devices without sacrificing patient comfort. This latest advancement underscores DuPont's commitment to providing state-of-the-art silicone technologies that cater to the evolving needs of advanced wound care and scar treatment markets.

Coloplast Expands Wound Care Offerings with Kerecis Acquisition

Coloplast, a global healthcare company, announced plans to acquire Kerecis, an innovator renowned for its patented fish-skin technology used in tissue regeneration. This acquisition aims to enable the company to broaden its portfolio in wound care offerings with a unique product that supports the body's own healing processes. The fish-skin technology represents an advancement in wound care, with its application being particularly relevant in treating chronic wounds, where traditional wound care methods may falter.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Wound Closure & Advanced Wound Care Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Wound Closure & Advanced Wound Care Market, highlighting leading vendors and their innovative profiles. These include 3M Company, Argentum Medical, Axio Biosolutions Private Limited by Advamedica Inc., B. Braun SE, Cardinal Health, Inc., Coloplast A/S, Convatec Limited, Essity AB, Hollister Incorporated, Integra LifeSciences Corporation, Johnson & Johnson Services, Inc., Lohmann & Rauscher GmbH & Co. KG, Medline Industries, LP, Medtronic PLC, MIMEDX Group, Inc., Misonix, Inc. by Bioventus LLC, Mölnlycke Health Care AB, Organogenesis Inc., Paul Hartmann AG, PolarityTE, Inc., Smith & Nephew PLC, Tides Medical, Tissue Regenix Ltd., Urgo Ltd., and Zimmer Biomet Holdings, Inc..

Market Segmentation & Coverage

This research report categorizes the Wound Closure & Advanced Wound Care Market to forecast the revenues and analyze trends in each of the following sub-markets:

Product
  • Collagen-Based Sealants
  • Fibrin-Based Sealants
  • Hydrocolloids-Based Sealants
  • Synthetic Adhesives
  • Application
    • Acute Wounds
    • Burns
    • Surgical & Traumatic Wounds
    • Chronic Wounds
    • Diabetic Foot Ulcer
    • Pressure Ulcer
    • Venous Leg Ulcer
    • End-User
    • Clinics
    • Home Healthcare
    • Hospitals
    Region
    • Americas
    • Argentina
    • Brazil
    • Canada
    • Mexico
    • United States
    • California
    • Florida
    • Illinois
    • New York
    • Ohio
    • Pennsylvania
    • Texas
    • Asia-Pacific
    • Australia
    • China
    • India
    • Indonesia
    • Japan
    • Malaysia
    • Philippines
    • Singapore
    • South Korea
    • Taiwan
    • Thailand
    • Vietnam
    • Europe, Middle East & Africa
    • Denmark
    • Egypt
    • Finland
    • France
    • Germany
    • Israel
    • Italy
    • Netherlands
    • Nigeria
    • Norway
    • Poland
    • Qatar
    • Russia
    • Saudi Arabia
    • South Africa
    • Spain
    • Sweden
    • Switzerland
    • Turkey
    • United Arab Emirates
    • United Kingdom


    Please Note: PDF & Excel + Online Access - 1 Year


    1. Preface
    1.1. Objectives of the Study
    1.2. Market Segmentation & Coverage
    1.3. Years Considered for the Study
    1.4. Currency & Pricing
    1.5. Language
    1.6. Stakeholders
    2. Research Methodology
    2.1. Define: Research Objective
    2.2. Determine: Research Design
    2.3. Prepare: Research Instrument
    2.4. Collect: Data Source
    2.5. Analyze: Data Interpretation
    2.6. Formulate: Data Verification
    2.7. Publish: Research Report
    2.8. Repeat: Report Update
    3. Executive Summary
    4. Market Overview
    5. Market Insights
    5.1. Market Dynamics
    5.1.1. Drivers
    5.1.1.1. Growing geriatric population an increasing number of patients with chronic wounds
    5.1.1.2. Improving healthcare infrastructure and access across economies
    5.1.1.3. Globally rising rate of accidents and trauma cases
    5.1.2. Restraints
    5.1.2.1. High cost associated with wound care and management
    5.1.3. Opportunities
    5.1.3.1. Introduction of smart wound care products and technologies
    5.1.3.2. Development of burn care centers in economies
    5.1.4. Challenges
    5.1.4.1. Complexity issues associated with chronic wound treatments
    5.2. Market Segmentation Analysis
    5.2.1. Product: Proliferation of collagen-based sealants to support tissue healing
    5.2.2. Application: Preferences for wound closure & advanced wound care in chronic wounds such as diabetic foot ulcers
    5.2.3. End-User: Increased adoption in hospital setting owing to procedures ranging from surgery to emergency care
    5.3. Market Disruption Analysis
    5.4. Porter’s Five Forces Analysis
    5.4.1. Threat of New Entrants
    5.4.2. Threat of Substitutes
    5.4.3. Bargaining Power of Customers
    5.4.4. Bargaining Power of Suppliers
    5.4.5. Industry Rivalry
    5.5. Value Chain & Critical Path Analysis
    5.6. Pricing Analysis
    5.7. Technology Analysis
    5.8. Patent Analysis
    5.9. Trade Analysis
    5.10. Regulatory Framework Analysis
    6. Wound Closure & Advanced Wound Care Market, by Product
    6.1. Introduction
    6.2. Collagen-Based Sealants
    6.3. Fibrin-Based Sealants
    6.4. Hydrocolloids-Based Sealants
    6.5. Synthetic Adhesives
    7. Wound Closure & Advanced Wound Care Market, by Application
    7.1. Introduction
    7.2. Acute Wounds
    7.3. Chronic Wounds
    8. Wound Closure & Advanced Wound Care Market, by End-User
    8.1. Introduction
    8.2. Clinics
    8.3. Home Healthcare
    8.4. Hospitals
    9. Americas Wound Closure & Advanced Wound Care Market
    9.1. Introduction
    9.2. Argentina
    9.3. Brazil
    9.4. Canada
    9.5. Mexico
    9.6. United States
    10. Asia-Pacific Wound Closure & Advanced Wound Care Market
    10.1. Introduction
    10.2. Australia
    10.3. China
    10.4. India
    10.5. Indonesia
    10.6. Japan
    10.7. Malaysia
    10.8. Philippines
    10.9. Singapore
    10.10. South Korea
    10.11. Taiwan
    10.12. Thailand
    10.13. Vietnam
    11. Europe, Middle East & Africa Wound Closure & Advanced Wound Care Market
    11.1. Introduction
    11.2. Denmark
    11.3. Egypt
    11.4. Finland
    11.5. France
    11.6. Germany
    11.7. Israel
    11.8. Italy
    11.9. Netherlands
    11.10. Nigeria
    11.11. Norway
    11.12. Poland
    11.13. Qatar
    11.14. Russia
    11.15. Saudi Arabia
    11.16. South Africa
    11.17. Spain
    11.18. Sweden
    11.19. Switzerland
    11.20. Turkey
    11.21. United Arab Emirates
    11.22. United Kingdom
    12. Competitive Landscape
    12.1. Market Share Analysis, 2023
    12.2. FPNV Positioning Matrix, 2023
    12.3. Competitive Scenario Analysis
    12.3.1. Innosphere Ventures Fund Announces Major Investment in GelSana to Revolutionize Advanced Wound Care
    12.3.2. DuPont Launches New Soft Skin Adhesive for Wound Care Dressings
    12.3.3. Coloplast Expands Wound Care Offerings with Kerecis Acquisition
    12.4. Strategy Analysis & Recommendation
    13. Competitive Portfolio
    13.1. Key Company Profiles
    13.2. Key Product Portfolio

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