Global Chronic Wound Care Market 2024-2028
The chronic wound care market is forecasted to grow by USD 5.44 bn during 2023-2028, accelerating at a CAGR of 6.52% during the forecast period. The report on the chronic wound care market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising prevalence of chronic wounds, expanding access to wound care, and growing awareness of the treatment of chronic wounds.
Technavio's chronic wound care market is segmented as below:
By Product
- Advanced dressing
- Traditional wound care
- Surgical wound care
- Wound therapy devices
By Application
- Diabetic foot ulcers
- Pressure ulcers
- Venous leg ulcers
By Geographical Landscape
- North America
- Europe
- Asia
- Rest of World (ROW)
This study identifies the increasing adoption of advanced wound care technologies as one of the prime reasons driving the chronic wound care market growth during the next few years. Also, personalized and predictive wound care and rising demand for home care will lead to sizable demand in the market.
The report on the chronic wound care market covers the following areas:
- Chronic wound care market sizing
- Chronic wound care market forecast
- Chronic wound care market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading chronic wound care market vendors that include 3M Co., B.Braun SE, Baxter Regional Medical Center, Bioventus LLC, Brightwake Ltd., Cardinal Health Inc., Coloplast AS, ConvaTec Group Plc, Essity AB, Integra Lifesciences Corp., Johnson and Johnson, Medline Industries LP, Medtronic Plc, Mil Laboratories Pvt. Ltd., MiMedx Group Inc., Paul Hartmann AG, Smith and Nephew plc, Welcare Industries SpA, Zimmer Biomet Holdings Inc., and DermaRite Industries LLC. Also, the chronic wound care market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.