United States Wound Care Management Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

United States Wound Care Management Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The United States Wound Care Management Market is expected to register a CAGR of 5.87% during the forecast period (2022 - 2027).

The COVID-19 pandemic had a significant impact on the healthcare systems, with significant consequences not only for COVID-19-infected patients but also for others, resulting in the cancellation of wound treatment, wound care procedures to manage and reserve resources, and many hospitals were experiencing a shortage of professionals to assist with the procedures and treatment. Also, due to the pandemic situation and restrictions, healthcare settings such as hospitals and specialty clinics have temporarily closed their wound care departments. For instance, in a survey published by International Wound Journal, in December 2021, titled "COVID-19 Impact on Wound Care Practices in the United States", it has been observed that health services spending in the United States have been reduced by 2.4% in the third quarter of 2020 as compared to the same quarter in 2019. In addition, as per the same source, patient visits to ambulatory care sites such as outpatients centers have decreased by 60% in the third quarter of 2020. Thus, decreased patient visits to wound care centers have severely impacted the market growth. However, with the resumed services and upliftment of COVID-19 restrictions coupled with the increased hospital and wound care visits, the demand for effective treatment for faster wound healing is likely to increase which in turn is expected to increase the demand for the studied market.

The major factors driving the growth of the market in the United States are the rising aging population, the growing number of surgical procedures, and the increasing incidences of chronic wounds, ulcers, and diabetic ulcers.

In addition, rising cases of pressure ulcers across the globe are also expected to spur the market's growth. According to the data published by the National Pressure Injury Advisory Panel (NPIAP) in 2021, around 2.5 million people are reported every year with pressure ulcers in the United States. Also, the rise in accident cases and burn injuries is anticipated to propel market growth. For instance, as per the report published by the American Burn Association in February 2021, more than 400,000 people receive burn injury treatment every year in the United States.

In addition, the rising geriatric population who are more prone to develop chronic wounds due to rising chronic diseases such as diabetes, hypertension, and others are also likely to contribute to the growth of the market over the forecast period. For instance, according to the 2022 statistics published by the United Nations Population Fund, in the United States, a large proportion of the living population is aged 15-64 and accounts for 65% in 2022. In addition, as per the same source, 17% of the population is aged 65 years and above in 2022. According to 2022 statistics published by the International Diabetes Federation Diabetes Atlas, in the 10th edition of 2021, 32,215.3 thousand people were living with diabetes 2021 in the United States. In addition, as per the same source, this number is projected to reach 34,755.3 thousand by 2030 and 36,289.9 thousand by 2045. Thus, the increasing number of people with diabetes is likely to develop diabetic foot ulcers in their life which are expected to increase the demand for effective wound treatment, thereby fueling the market growth.

Furthermore, the increasing companies' focus on developing effective wound care dressing and solutions is also contributing to the growth of the market. For instance, in October 2021, RedDress and MediGroup partnered to provide the members of MediGroup with RedDress' cutting-edge ActiGraft system for wound treatment. ActiGraft aims to deliver an affordable and efficacious wound solution to MediGroup’s members to help improve the health and lives of patients living with chronic, non-healing wounds including diabetic foot ulcers, pressure injuries, venous ulcers, traumatic wounds, and post-surgical wounds. Also, in June 2020 MBET Health launched a proactive solution, the Miracle Dressing Wound Care System (MDS) which helps in preventing pressure sores and promotes healing of Stage 1 and Stage 2 wounds.

However, the concerns with stringent regulations and reimbursement policies and high treatment costs are likely to restrain the market growth over the forecast period.

Key Market TrendsSutures Segment is Expected to Hold a Major Market Share in the United States Wound Care Management Market

Sutures can be absorbable or nonabsorbable. Absorbable sutures are broken down by the body and eventually dissolve completely, whereas non-absorbable sutures should be manually removed. Absorbable sutures are made from synthetic polymer materials, such as polylactic acid (Vicryl), polyglycolic acid (Dexon), polyglycolide (Maxon), and polydioxanone (PDS).

The suture wound closure segment is expected to witness significant growth in the studied market over the forecast period owing to the factors such as the increasing number of surgeries, and the rising population with chronic wounds and ulcers. For instance, according to an article published by the Public Library of Science, in May 2021, titled "Subcuticular sutures versus staples for skin closure in patients undergoing abdominal surgery: A meta-analysis of randomized controlled trials", it has been observed that sutures appeared to provide better cosmesis and patient satisfaction whereas staple closure was linked to a shorter operation time. Also, according to the article published in April 2021, titled “Stitches, Staples, Glue: Which Do You Need?”, sutures (stitches) are the most commonly used technique for closing skin wounds and sutures may be used for different functions such as the closing of surgical wounds (including those made for drainage tubes), tying off blood vessels or parts of the bowel and other wounds. This data shows a wide-scale use of sutures as compared to sealants and adhesives.

Furthermore, the rising company activities in developing sutures and product launches in the country are also contributing to the growth of the market. For instance, in July 2021, SUTUREGARD Medical, Inc. released a case report on the use of a novel suture retention devices to prevent surgical wound dehiscence (SWD), in which the HEMIGARD ARS, a simple, inexpensive device that can easily be added to standard of care skin closure techniques to prevent SWD and improve patient outcomes. The device is used to augment skin closure and prevent dehiscence.

Thus, due to the above-mentioned factors, the market is expected to witness significant growth during the forecast period.

Competitive Landscape

The United States wound management market is competitive and consists of several major players. The companies are also showing continuous growth and are developing new and differentiated products and services, which address the evolving healthcare needs among patients, providers, and consumers. Some of the companies which are currently dominating the market are 3M Company, Braun Melsungen AG, Cardinal Health, Inc., Coloplast A/S, Johnson and Johnson, ConvaTec Group PLC, Integra Lifesciences, Medtronic PLC, and Smith & Nephew.

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