Advanced Wound Care Market is valued at an estimated USD 11.3 billion in 2022 and is projected to reach USD 17.7 billion by 2027, at a CAGR of 9.4% during the forecast period according to a new report by MarketsandMarkets™. Growth in this market is mainly driven by factors such as the rising prevalence of diseases & conditions that impair wound healing capabilities, rising costs associated with chronic wounds, and technological improvements.
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Advanced wound care products are typically used for the management of wounds that are difficult to heal or have complications such as diabetic foot ulcers, pressure ulcers, venous leg ulcers, surgical wounds, and burns. They are designed to provide an optimal healing environment by maintaining moisture, managing exudate (fluid discharge), protecting against infection, and facilitating the removal of necrotic (dead) tissue.
The market for advanced wound care has been growing rapidly in recent years due to various factors such as the increasing prevalence of chronic wounds, an aging population, rising incidence of diabetes, and growing awareness about advanced wound care products and their benefits. Technological advancements in wound care products, such as the development of bioactive dressings, negative pressure wound therapy, and growth factors, have also contributed to market growth.
The advanced wound care market encompasses a wide range of products, including dressings (foam dressings, hydrocolloid dressings, alginate dressings, etc.), wound therapy devices (negative pressure wound therapy devices, electrical stimulation devices, etc.), wound care biologics (growth factors, tissue substitutes, etc.), and others.
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Key Market Players:
The major players operating in this market are 3M Company (US), Smith & Nephew (UK), ConvaTec Inc. (UK), Coloplast A/S (Denmark), Mölnlycke Health Care AB (Sweden), Integra LifeSciences (US), PAUL HARTMANN AG (Germany), B. Braun SE (Germany), Cardinal Health Inc. (US), Organogenesis Holdings Inc. (US), Bioventus LLC (US), MIMEDX GROUP, INC.(US), Zimmer Biomet Holdings, Inc. (US), Lohmann & Rauscher GMBH & CO. KG (Germany), DeRoyal Industries, Inc. (US), Medline Industries, LP (US), DermaRite Industries, LLC (US), Kerecis (Iceland), Advancis Medical (UK), Winner Medical Co., Ltd. (China), Hollister Incorporated (US), Mil Laboratories Pvt. Ltd. (India), Shield Line (US), ZENIMEDICAL (US), Carilex Medical (Germany), Pensar Medical, LLC (US), Wuhan VSD Medical Science & Technology Co., Ltd. (China), and HAROMED B.V. (Belgium).
Report Objectives
- To define, describe, segment, and forecast the global advanced wound care market by product, wound type, end user, and region
- To provide detailed information regarding the major factors influencing the market growth (such as drivers, restraints, opportunities, and challenges)
- To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall advanced wound care market
- To analyze market opportunities for stakeholders and provide details of the competitive landscape for key players
- To forecast the size of the market segments with respect to five regions, namely, North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa
- To profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies
- To track and analyze company developments such as product launches, agreements, partnerships, and acquisitions in the advanced wound care market
- To benchmark players within the market using the proprietary "Competitive Leadership Mapping" framework, which analyzes market players on various parameters within the broad categories of business and product strategy
Available Customizations
With the given market data, MarketsandMarkets offers customizations as per the company's specific needs. The following customization options are available for this report:
Country Information
Advanced wound care market size and growth rate estimates for countries in the Rest of Europe, the Rest of Asia Pacific, Latin America, and Middle East & Africa
Company profiles
Additional five company profiles of players operating in the advanced wound care market.
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