In terms of revenue, the Global Advanced Wound Care Market is expected to reach USD 12.8 Billion by 2028, growing at a CAGR (Compound Annual Growth Rate) of 5.60% from 2022 to 2028.
Advanced Wound Care products treat acute and chronic wounds like burns, ulcers, and post-operative wounds. Advanced Wound Care is a standard solution to treat chronic wounds. In addition, Advanced Wound Care products consist of film and foam dressings, alginates, hydrogels, hydrocolloids, and others, which keeps the wound wet and help in healing without impeding it. Moreover, they facilitated maintaining a hydrated environment, allowing oxygen flow, keeping the temperature consistent, protecting the injured place from exogenous infection, and easing pain related to dressing changes.
Key Highlights from Report:
- In 2021, the Dressings sector held the greatest market share, primarily due to increased patient awareness and HAI cases. This market is expected to expand due to factors including the rising prevalence of diabetic ulcers, venous ulcers, and pressure ulcers.
- The market's highest share belonged to the category made up of Hospitals, ASCs, and Wound Care Facilities. The main factors driving the growth of this EndUser category include an increase in hospital admissions for chronic wounds (such as pressure ulcers, diabetic foot ulcers, and venous leg ulcers), as well as an increase in pressure ulcers and infections contracted in hospitals.
- In 2021, the Asia Pacific held the biggest market share, and it is anticipated that it will continue to dominate during the projected period. Population growth and an increase in the number of elderly people present chances for key participants in the Advanced Wound Care market. Additionally, this region's Advanced Wound Care market is anticipated to grow due to the rise in healthcare spending and the creation of guidelines.
Advanced Wound Care solutions are renowned for their efficacy and efficiency Because they aid in wound management and hasten the healing process. In addition, these items help to keep the area around the incision moist and at a constant temperature. Furthermore, they protect the damaged location from external infection and minimize pain associated with dressing changes. The global rise in surgical operations, the high incidence of obesity, and the rising prevalence of diabetes all contribute to the market's expansion. Accordingly, the primary trend in this market is large firms acquiring smaller players.
North America held the largest share of the market in 2021. The market in this region is expanding thanks to an increase in acquisitions and numerous Advanced Wound Care businesses in North America. The penetration of Advanced Wound Care products, patient awareness growth, and demographic shifts contribute to market expansion. One of the important markets for Advanced Wound Care is North America. Due to several variables, such as creating precise healthcare guidelines and increasing healthcare spending in the region, market players can anticipate finding attractive opportunities in the North American region.
The Global Advanced Wound Care Market is Segmented as follows:
- Devices & Accessories
- Grafts & Matrices
- Topical Agents
- Wound Type
- Surgical & Traumatic Wounds
- Diabetic Foot Ulcers
- Pressure Ulcers
- Venous Leg Ulcers
- Burns & Other Wounds
- End User
- Hospitals, ASCs, & Wound Care Centers
- Home Care Settings
- Other End Users
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
List of the Key Players of the Global Advanced Wound Care Market is:
3M Company (US), Smith & Nephew PLC (UK), ConvaTec Group PLC (UK), Coloplast A/S (Denmark), Molnlycke Health Care AB (Sweden), Integra LifeSciences Holdings Corporation (US), PAUL Hartmann AG (Germany), B. Braun Melsungen AG (Germany), Cardinal Health Inc. (US), Organogenesis Holdings Inc. (US), Misonix, Inc. (US), MiMedx Group Inc. (US), Zimmer Biomet Holdings Inc. (US), Lohmann & Rauscher GmbH & Co. KG (Germany), DeRoyal Industries Inc. (US), Medline Industries Inc. (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), ZENI Medical (US), Carilex Medical (Germany), Pensar Medical LLC (US), Wuhan VSD Medical Science & Technology Co. Ltd. (China), Haromed B.V. (Belgium)
The Global Advanced Wound Care Market Scope can be Tabulated as below:
|Market Size Provided for Years||2017 - 2030|
|Historic Years||2017 - 2021|
|Forecast Years||2023 - 2030|
|Regions & Counties Covered||
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis|