Chronic Wound Care Market Forecasts to 2030 – Global Analysis By Product (Surgical Wound Care and Traditional Wound Care), By Type (Wounds and Ulcers), Application, End User and By Geography
According to Stratistics MRC, the Global Chronic Wound Care Market is accounted for $13.49 billion in 2023 and is expected to reach $24.34 billion by 2030 growing at a CAGR of 8.8% during the forecast period. The chronic wound care market encompasses products and services aimed at treating persistent wounds, like pressure, diabetic, venous, and arterial ulcers. It includes dressings, therapies, and specialized treatments addressing wound healing, infection control, and patient management.
According to the CDC’s National Diabetes Statistics report of 2020, the number of diabetes patients has increased to an estimated 34.2 million, which comprises about 10.5% of the total population.
Market Dynamics:
Driver:
Increasing number of diabetic patients
Diabetes often leads to complications such as diabetic ulcers, impairing normal wound healing processes. High glucose levels damage blood vessels and nerves, causing poor circulation and reduced sensation, increasing vulnerability to chronic wounds. Consequently, this drives the demand for advanced wound care solutions, including specialized dressings, therapies, and treatments, as healthcare focuses on managing diabetic-related wounds.
Restraint:
Infection delayed healing in chronic wounds
Infections in chronic wounds impede the natural healing process by prolonging inflammation, damaging newly formed tissue, and creating a hostile environment for cell regeneration. Bacterial colonization and bio-film formation further exacerbate the issue, making treatment more complex. Additionally, the presence of infection not only delays wound healing but also increases the risk of complications, such as systemic infections or the need for more aggressive interventions like surgical debridement or antibiotic therapy.
Opportunity:
Rising geriatric population and technological advancements
The increasing elderly population presents an opportunity in the market due to their higher susceptibility to chronic wounds. This demographic trend drives the demand for advanced wound care solutions. Concurrently, technological advancements, such as innovative dressings, bioengineered tissues, and telemedicine, enhance treatment effectiveness and accessibility. These advancements streamline care, improve wound management and offer novel therapeutic approaches. Combining the expanding elderly demographic with cutting-edge technologies fosters fertile ground for continuous innovation and growth in the market.
Threat:
High cost of treatment and inadequate reimbursement policies
Expensive therapies, specialized dressings, and advanced technologies drive up treatment expenses. Inadequate reimbursement policies hinder patient access to these costly interventions, impacting healthcare providers and patients. This scenario potentially limits the adoption of innovative treatments, reduces the quality of care and burdens healthcare systems, which further restrains market growth.
Covid-19 Impact:
The COVID-19 pandemic disrupted the chronic wound care market profoundly. Healthcare resources were redirected to managing the pandemic, impacting regular wound care services. Restrictions on elective procedures and outpatient visits limit access to wound care. Supply chain disruptions affected the availability of wound care products. Additionally, pandemic significantly affected the delivery, accessibility, and utilization of chronic wound care services and products.
The surgical wound care segment is expected to be the largest during the forecast period
The surgical wound care segment is anticipated to dominate the market. Surgical wounds often require specialized care to minimize infection risk and promote healing. The rising number of surgical procedures globally contributes to the demand for postoperative wound management. Additionally, technological advancements in surgical wound care products and techniques enhance efficacy. This, coupled with a growing aging population and increasing chronic diseases requiring surgical interventions, is expected to drive the surgical wound care segment's substantial market share.
The hospitals segment is expected to have the highest CAGR during the forecast period
The hospitals segment is anticipated to experience substantial growth in the market due to several factors. Hospitals serve as crucial centers for specialized wound care, equipped with advanced technologies and skilled healthcare professionals. Rising chronic conditions and an aging population increase the demand for wound care services, often necessitating hospitalization for severe cases. Moreover, hospitals offer comprehensive care, including surgical interventions, specialized therapies, and access to a multidisciplinary team, making them pivotal in addressing complex chronic wounds and fostering growth in this segment.
Region with largest share:
North America is poised to secure the largest market share due to its advanced healthcare infrastructure, extensive research initiatives, and high adoption rates of innovative wound care technologies. Moreover, a significant prevalence of chronic conditions, an aging population and lifestyle factors contribute to a substantial patient pool requiring wound care interventions. Additionally, favorable reimbursement policies and robust healthcare expenditures further drive the market.
Region with highest CAGR:
Asia Pacific's robust growth in the market is due to a growing elderly population and an increasing prevalence of chronic diseases. Additionally, improving healthcare infrastructure, expanding healthcare expenditure and rising awareness about advanced wound care technologies drive market expansion. Moreover, the region's large patient pool, coupled with initiatives to enhance healthcare access, presents significant opportunities for market growth.
Key players in the market
Some of the key players in Chronic Wound Care Market include 3M Healthcare, Advancis Medical, B. Braun, Cardinal Health, Coloplast, ConvaTec Group Plc, HARTMANN Group, Integra LifeSciences, Johnson & Johnson, Medline Industries, Misonix, Mölnlycke Health, Smith & Nephew and Tissue Regenix.
Key Developments:
In May 2023, 3M is planning to invest nearly $150 million to advance capabilities in biopharma filtration technology. The investment will include facility and equipment improvements and the addition of 60 full-time positions in 3M manufacturing facilities in Europe. The new investment will accelerate 3M's development and delivery of vital filtration equipment designed for bioprocessing, biological and small molecule pharmaceutical manufacturing applications, which will enable biotech customers to continue to innovate therapies used for the treatment of conditions such as rheumatoid arthritis, multiple sclerosis and certain cancers.
In May 2023, 3M announced it has entered into agreements to sell certain assets associated with its dental local anesthetic portfolio, based in Seefeld, Germany, to Pierrel S.p.A. (""Pierrel""), a global provider of services for the pharmaceutical industry, for a purchase price of $70 million, subject to closing and other adjustments.
In January 2023, Mimedx entered into an exclusive distribution agreement with Gunze Medical Limited to sell placental tissue allograft, Epifix for wound healing in Japan. Upon this agreement, the company aims at strengthening its position in the Japan market.
Products Covered:
• Surgical Wound Care
• Traditional Wound Care
Types Covered:
• Wounds
• Ulcers
Applications Covered:
• Cleansing
• Antibiotics
• Debridement
• Therapy
• Other Applications
End Users Covered:
• Hospitals
• Specialty Clinics
• Home Healthcare
• Other End Users
Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
- 1 Executive Summary
- 2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
- 3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Product Analysis
- 3.7 Application Analysis
- 3.8 End User Analysis
- 3.9 Emerging Markets
- 3.10 Impact of Covid-19
- 4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
- 5 Global Chronic Wound Care Market, By Product
- 5.1 Introduction
- 5.2 Surgical Wound Care
- 5.2.1 Advanced Wound Dressing
- 5.2.1.1 Alginate Dressing
- 5.2.1.2 Collagen Dressing
- 5.2.1.3 Film Dressing
- 5.2.1.4 Foam Dressing
- 5.2.1.5 Hydrocolloid Dressing
- 5.2.1.6 Hydrogel Dressing
- 5.2.1.7 Other Advanced Wound Dressings
- 5.2.2 Wound Therapy Devices
- 5.2.2.1 Electric Stimulation Devices
- 5.2.2.2 Negative Pressure Wound Therapy
- 5.2.2.3 Oxygen and Hyperbaric Oxygen Equipment
- 5.2.2.4 Pressure Relief Devices
- 5.2.2.5 Other Wound Therapy Devices
- 5.2.3 Anti-infective Dressing
- 5.2.4 Suture & Staples
- 5.2.5 Tissue Adhesive & Sealants
- 5.2.6 Other Surgical Wound Cares
- 5.3 Traditional Wound Care
- 5.3.1 Cleansing Agents
- 5.3.2 Medical Tapes
- 5.3.3 Other Traditional Wound Cares
- 6 Global Chronic Wound Care Market, By Type
- 6.1 Introduction
- 6.2 Wounds
- 6.2.1 Infectious Wounds
- 6.2.2 Surgical Wounds
- 6.2.3 Other Wounds
- 6.3 Ulcers
- 6.3.1 Diabetic Ulcers
- 6.3.2 Pressure Ulcers
- 6.3.3 Venous Ulcers
- 6.3.4 Other Ulcers
- 7 Global Chronic Wound Care Market, By Application
- 7.1 Introduction
- 7.2 Cleansing
- 7.3 Antibiotics
- 7.4 Debridement
- 7.5 Therapy
- 7.6 Other Applications
- 8 Global Chronic Wound Care Market, By End User
- 8.1 Introduction
- 8.2 Hospitals
- 8.3 Specialty Clinics
- 8.4 Home Healthcare
- 8.5 Other End Users
- 9 Global Chronic Wound Care Market, By Geography
- 9.1 Introduction
- 9.2 North America
- 9.2.1 US
- 9.2.2 Canada
- 9.2.3 Mexico
- 9.3 Europe
- 9.3.1 Germany
- 9.3.2 UK
- 9.3.3 Italy
- 9.3.4 France
- 9.3.5 Spain
- 9.3.6 Rest of Europe
- 9.4 Asia Pacific
- 9.4.1 Japan
- 9.4.2 China
- 9.4.3 India
- 9.4.4 Australia
- 9.4.5 New Zealand
- 9.4.6 South Korea
- 9.4.7 Rest of Asia Pacific
- 9.5 South America
- 9.5.1 Argentina
- 9.5.2 Brazil
- 9.5.3 Chile
- 9.5.4 Rest of South America
- 9.6 Middle East & Africa
- 9.6.1 Saudi Arabia
- 9.6.2 UAE
- 9.6.3 Qatar
- 9.6.4 South Africa
- 9.6.5 Rest of Middle East & Africa
- 10 Key Developments
- 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 10.2 Acquisitions & Mergers
- 10.3 New Product Launch
- 10.4 Expansions
- 10.5 Other Key Strategies
- 11 Company Profiling
- 11.1 3M Healthcare
- 11.2 Advancis Medical
- 11.3 B. Braun
- 11.4 Cardinal Health
- 11.5 Coloplast
- 11.6 ConvaTec Group Plc
- 11.7 HARTMANN Group
- 11.8 Integra LifeSciences
- 11.9 Johnson & Johnson
- 11.10 Medline Industries
- 11.11 Misonix
- 11.12 Mölnlycke Health
- 11.13 Smith & Nephew
- 11.14 Tissue Regenix
- List of Tables
- Table 1 Global Chronic Wound Care Market Outlook, By Region (2021-2030) ($MN)
- Table 2 Global Chronic Wound Care Market Outlook, By Product (2021-2030) ($MN)
- Table 3 Global Chronic Wound Care Market Outlook, By Surgical Wound Care (2021-2030) ($MN)
- Table 4 Global Chronic Wound Care Market Outlook, By Advanced Wound Dressing (2021-2030) ($MN)
- Table 5 Global Chronic Wound Care Market Outlook, By Alginate Dressing (2021-2030) ($MN)
- Table 6 Global Chronic Wound Care Market Outlook, By Collagen Dressing (2021-2030) ($MN)
- Table 7 Global Chronic Wound Care Market Outlook, By Film Dressing (2021-2030) ($MN)
- Table 8 Global Chronic Wound Care Market Outlook, By Foam Dressing (2021-2030) ($MN)
- Table 9 Global Chronic Wound Care Market Outlook, By Hydrocolloid Dressing (2021-2030) ($MN)
- Table 10 Global Chronic Wound Care Market Outlook, By Hydrogel Dressing (2021-2030) ($MN)
- Table 11 Global Chronic Wound Care Market Outlook, By Other Advanced Wound Dressings (2021-2030) ($MN)
- Table 12 Global Chronic Wound Care Market Outlook, By Wound Therapy Devices (2021-2030) ($MN)
- Table 13 Global Chronic Wound Care Market Outlook, By Electric Stimulation Devices (2021-2030) ($MN)
- Table 14 Global Chronic Wound Care Market Outlook, By Negative Pressure Wound Therapy (2021-2030) ($MN)
- Table 15 Global Chronic Wound Care Market Outlook, By Oxygen and Hyperbaric Oxygen Equipment (2021-2030) ($MN)
- Table 16 Global Chronic Wound Care Market Outlook, By Pressure Relief Devices (2021-2030) ($MN)
- Table 17 Global Chronic Wound Care Market Outlook, By Other Wound Therapy Devices (2021-2030) ($MN)
- Table 18 Global Chronic Wound Care Market Outlook, By Anti-infective Dressing (2021-2030) ($MN)
- Table 19 Global Chronic Wound Care Market Outlook, By Suture & Staples (2021-2030) ($MN)
- Table 20 Global Chronic Wound Care Market Outlook, By Tissue Adhesive & Sealants (2021-2030) ($MN)
- Table 21 Global Chronic Wound Care Market Outlook, By Other Surgical Wound Cares (2021-2030) ($MN)
- Table 22 Global Chronic Wound Care Market Outlook, By Traditional Wound Care (2021-2030) ($MN)
- Table 23 Global Chronic Wound Care Market Outlook, By Cleansing Agents (2021-2030) ($MN)
- Table 24 Global Chronic Wound Care Market Outlook, By Medical Tapes (2021-2030) ($MN)
- Table 25 Global Chronic Wound Care Market Outlook, By Other Traditional Wound Cares (2021-2030) ($MN)
- Table 26 Global Chronic Wound Care Market Outlook, By Type (2021-2030) ($MN)
- Table 27 Global Chronic Wound Care Market Outlook, By Wounds (2021-2030) ($MN)
- Table 28 Global Chronic Wound Care Market Outlook, By Infectious Wounds (2021-2030) ($MN)
- Table 29 Global Chronic Wound Care Market Outlook, By Surgical Wounds (2021-2030) ($MN)
- Table 30 Global Chronic Wound Care Market Outlook, By Other Wounds (2021-2030) ($MN)
- Table 31 Global Chronic Wound Care Market Outlook, By Ulcers (2021-2030) ($MN)
- Table 32 Global Chronic Wound Care Market Outlook, By Diabetic Ulcers (2021-2030) ($MN)
- Table 33 Global Chronic Wound Care Market Outlook, By Pressure Ulcers (2021-2030) ($MN)
- Table 34 Global Chronic Wound Care Market Outlook, By Venous Ulcers (2021-2030) ($MN)
- Table 35 Global Chronic Wound Care Market Outlook, By Other Ulcers (2021-2030) ($MN)
- Table 36 Global Chronic Wound Care Market Outlook, By Application (2021-2030) ($MN)
- Table 37 Global Chronic Wound Care Market Outlook, By Cleansing (2021-2030) ($MN)
- Table 38 Global Chronic Wound Care Market Outlook, By Antibiotics (2021-2030) ($MN)
- Table 39 Global Chronic Wound Care Market Outlook, By Debridement (2021-2030) ($MN)
- Table 40 Global Chronic Wound Care Market Outlook, By Therapy (2021-2030) ($MN)
- Table 41 Global Chronic Wound Care Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 42 Global Chronic Wound Care Market Outlook, By End User (2021-2030) ($MN)
- Table 43 Global Chronic Wound Care Market Outlook, By Hospitals (2021-2030) ($MN)
- Table 44 Global Chronic Wound Care Market Outlook, By Specialty Clinics (2021-2030) ($MN)
- Table 45 Global Chronic Wound Care Market Outlook, By Home Healthcare (2021-2030) ($MN)
- Table 46 Global Chronic Wound Care Market Outlook, By Other End Users (2021-2030) ($MN)
- Note: Tables for North America, Europe, Asia Pacific, South America and Middle East & Africa Regions are also represented in the same manner as above.
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