Wound Care Market, By Product Type (Advanced Wound Management Products (Wound Dressings (Foam Dressings, Hydrocolloid Dressings, Film Dressings, Anti-infective Dressings, Alginate Dressings, and Collagen Dressings), Wound Therapy Devices (Pressure Relief Devices, Negative Pressure Wound Therapy Systems, Hyperbaric Oxygen Equipment, and Electrical Stimulation Devices), and Active Wound Care), Surgical Wound Care Product (Sutures and Staples and Tissue Adhesives, Sealants and Glues), and Traditional Wound Care Products (Medical Tapes, Dressings, and Cleansing Agents), By Wound Type (Chronic Wounds (Pressure Ulcers, Diabetic Foot Ulcers, Venous Ulcers and, Other Chronic Wounds) and Acute Wound (Surgical and Traumatic Wounds and Burns), By End User (Hospitals, Clinics, Ambulatory Surgical Centers diagnostic centers, Home Care Settings, and Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028
Wound healing is a complex process of normal function and structure of skin and underlying soft tissues that is caused by trauma or chronic mechanical stress such as pressure ulcer. The new wound healing technology involves stem cell therapy for faster healing wound. The stem cell therapy for wound healing in still under exploration, however, the approach of regenerative medicine has emerged as an alternative to improve the outcome of healing and has potential in treating wounds more efficiently with skin regeneration technology. Therefore, such novel treatment methods hold immense potential to propel the wound care market growth
Market Dynamics
Increasing prevalence of diabetes is expected to boost the global wound care market growth during the forecast period. For instance, according to report North West Coast Strategic Clinical Networks of National Health Services of 2017, there were an estimated 4.5 million people with diabetes in the U.K. alone. According to the same source, around 200,000 diabetes patients are living with diabetic foot ulcers in 2017 in U.K. Over 64,000 people with diabetes in England and Wales are thought to have foot ulcers at any given time.
However, high cost associated with wound care management is expected to hinder the global wound care market growth. Moreover, management of chronic wound increases economic burden due to high costs of treatment. For instance, in October 2017, a new study published online in the International Society for Pharmacoeconomics and Outcomes Research’s (ISPOR) ‘Value in Health’ journal demonstrates the economic impact of chronic non-healing wounds in Medicare patients. It states chronic that wounds impact around 15% of Medicare beneficiaries (8.2 million) in the U.S. According to the same source, in 2021 conservative estimates for total Medicare annual expenditure for all wound types is ranged from US$ 28.1 billion to US$ 31.7 billion in the U.S.
Key features of the study:
This report provides in-depth analysis of the global wound care market, market size (US$ Mn), and compound annual growth rate (CAGR %) during the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by leading players
It profiles key players in the global wound care market based on the following parameters–company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies
Key players covered as a part of this study include Acelity L.P., Inc., 3M Company, Baxter International, Inc., Coloplast A/S, Integra Lifesciences, Johnson & Johnson, Inc., Smith & Nephew Plc., Cardinal Health, ConvaTec Group PLC, and Organogenesis Inc.
Insights from this report would allow marketers and management authorities of companies to make informed decision with respect to their future product launch, governmental initiatives, technological up-gradation, market expansion, and marketing tactics
The global wound care market report caters to various stakeholders in this industry, including investors, product manufacturers, distributors, and suppliers for global wound care market, research and consulting firms, new entrants, and financial analysts
Detailed Segmentation:
Global Wound Care Market, By Product Type:
Advanced Wound Management Products
Wound Dressings
Foam Dressings
Hydrocolloid Dressings
Film Dressings
Anti-Infective Dressings
Alginate Dressings
Collagen Dressings
Wound Therapy Devices
Pressure Relief Devices
Negative Pressure Wound Therapy Systems
Hyperbaric Oxygen Equipment
Electrical Stimulation Devices
Active Wound Care
Surgical Wound Care Products
Sutures and Staples
Tissue Adhesives, Sealants, and Glues
Traditional Wound Care Products
Medical Tapes
Dressings
Cleansing Agents
Global Wound Care Market, By Wound Type:
Chronic Wounds
Pressure Ulcers
Diabetic Foot Ulcers
Venous Ulcers
Other Chronic Wounds
Acute Wounds
Surgical and Traumatic Wounds
Burns
Global Wound Care Market, By End User:
Hospitals
Clinics
Ambulatory Surgical Centers
Home Care Settings
Others
Global Wound Care Market, By Region:
North America
By Country:
U.S.
Canada
By Product Type:
Advanced Wound Management Products
Wound Dressings
Foam Dressings
Hydrocolloid Dressings
Film Dressings
Anti-Infective Dressings
Alginate Dressings
Collagen Dressings
Wound Therapy Devices
Pressure Relief Devices
Negative Pressure Wound Therapy Systems
Hyperbaric Oxygen Equipment
Electrical Stimulation Devices
Active Wound Care
Surgical Wound Care Products
Sutures and Staples
Tissue Adhesives, Sealants, and Glues
Traditional Wound Care Products
Medical Tapes
Dressings
Cleansing Agents
By Wound Type:
Chronic Wounds
Pressure Ulcers
Diabetic Foot Ulcers
Venous Ulcers
Other Chronic Wounds
Acute Wounds
Surgical and Traumatic Wounds
Burns
By End User:
Hospitals
Clinics
Ambulatory Surgical Centers
Home Care Settings
Others
Europe
By Country:
U.K.
Germany
Italy
Spain
France
Russia
Rest of Europe
By Product Type:
Advanced Wound Management Products
Wound Dressings
Foam Dressings
Hydrocolloid Dressings
Film Dressings
Anti-Infective Dressings
Alginate Dressings
Collagen Dressings
Wound Therapy Devices
Pressure Relief Devices
Negative Pressure Wound Therapy Systems
Hyperbaric Oxygen Equipment
Electrical Stimulation Devices
Active Wound Care
Surgical Wound Care Products
Sutures and Staples
Tissue Adhesives, Sealants, and Glues
Traditional Wound Care Products
Medical Tapes
Dressings
Cleansing Agents
By Wound Type:
Chronic Wounds
Pressure Ulcers
Diabetic Foot Ulcers
Venous Ulcers
Other Chronic Wounds
Acute Wounds
Surgical and Traumatic Wounds
Burns
By End User:
Hospitals
Clinics
Ambulatory Surgical Centers
Home Care Settings
Others
Asia Pacific
By Country:
Australia
India
China
Japan
ASEAN
South Korea
Rest of Asia Pacific
By Product Type:
Advanced Wound Management Products
Wound Dressings
Foam Dressings
Hydrocolloid Dressings
Film Dressings
Anti-Infective Dressings
Alginate Dressings
Collagen Dressings
Wound Therapy Devices
Pressure Relief Devices
Negative Pressure Wound Therapy Systems
Hyperbaric Oxygen Equipment
Electrical Stimulation Devices
Active Wound Care
Surgical Wound Care Products
Sutures and Staples
Tissue Adhesives, Sealants, and Glues
Traditional Wound Care Products
Medical Tapes
Dressings
Cleansing Agents
By Wound Type:
Chronic Wounds
Pressure Ulcers
Diabetic Foot Ulcers
Venous Ulcers
Other Chronic Wounds
Acute Wounds
Surgical and Traumatic Wounds
Burns
By End User:
Hospitals
Clinics
Ambulatory Surgical Centers
Home Care Settings
Others
Latin America
By Country:
Brazil
Mexico
Argentina
Rest of Latin America
By Product Type:
Advanced Wound Management Products
Wound Dressings
Foam Dressings
Hydrocolloid Dressings
Film Dressings
Anti-Infective Dressings
Alginate Dressings
Collagen Dressings
Wound Therapy Devices
Pressure Relief Devices
Negative Pressure Wound Therapy Systems
Hyperbaric Oxygen Equipment
Electrical Stimulation Devices
Active Wound Care
Surgical Wound Care Products
Sutures and Staples
Tissue Adhesives, Sealants, and Glues
Traditional Wound Care Products
Medical Tapes
Dressings
Cleansing Agents
By Wound Type:
Chronic Wounds
Pressure Ulcers
Diabetic Foot Ulcers
Venous Ulcers
Other Chronic Wounds
Acute Wounds
Surgical and Traumatic Wounds
Burns
By End User:
Hospitals
Clinics
Ambulatory Surgical Centers
Home Care Settings
Others
Middle East
By Country/Region:
GCC
Israel
Rest of Middle East
By Product Type:
Advanced Wound Management Products
Wound Dressings
Foam Dressings
Hydrocolloid Dressings
Film Dressings
Anti-Infective Dressings
Alginate Dressings
Collagen Dressings
Wound Therapy Devices
Pressure Relief Devices
Negative Pressure Wound Therapy Systems
Hyperbaric Oxygen Equipment
Electrical Stimulation Devices
Active Wound Care
Surgical Wound Care Products
Sutures and Staples
Tissue Adhesives, Sealants, and Glues
Traditional Wound Care Products
Medical Tapes
Dressings
Cleansing Agents
By Wound Type:
Chronic Wounds
Pressure Ulcers
Diabetic Foot Ulcers
Venous Ulcers
Other Chronic Wounds
Acute Wounds
Surgical and Traumatic Wounds
Burns
By End User:
Hospitals
Ambulatory Care Centres
Diagnostic Centres
Africa
By Country/Region:
South Africa
Central Africa
North Africa
By Product Type:
Advanced Wound Management Products
Wound Dressings
Foam Dressings
Hydrocolloid Dressings
Film Dressings
Anti-Infective Dressings
Alginate Dressings
Collagen Dressings
Wound Therapy Devices
Pressure Relief Devices
Negative Pressure Wound Therapy Systems
Hyperbaric Oxygen Equipment
Electrical Stimulation Devices
Active Wound Care
Surgical Wound Care Products
Sutures and Staples
Tissue Adhesives, Sealants, and Glues
Traditional Wound Care Products
Medical Tapes
Dressings
Cleansing Agents
By Wound Type:
Chronic Wounds
Pressure Ulcers
Diabetic Foot Ulcers
Venous Ulcers
Other Chronic Wounds
Acute Wounds
Surgical and Traumatic Wounds
Burns
By End User:
Hospitals
Clinics
Ambulatory Surgical Centers
Home Care Settings
Others
Company Profiles
Acelity L.P., Inc.*
Company Overview
Product Portfolio
Financial Performance
Recent Highlights
Strategies
3M Company
Baxter International, Inc.
Coloplast A/S
Integra Lifesciences
Johnson & Johnson, Inc.
Smith & Nephew Plc.
Cardinal Health
ConvaTec Group PLC
Organogenesis Inc.
“*” marked represents similar segmentation in other categories in the respective section.
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