Overview and Scope
Chronic wound care refers to the specialized medical treatment and management of wounds that fail to progress through the normal stages of healing within an expected timeframe, often lasting for an extended duration. It is utilized to address a variety of persistent wounds, aiming to promote healing and prevent complications.
Sizing and Forecast
The chronic wound care market size has grown strongly in recent years. It will grow from $14.23 billion in 2023 to $15.27 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to the aging population, rise in prevalence of chronic diseases, increased incidence of diabetes, growth in awareness about wound management, and improved access to healthcare services.
The chronic wound care market size is expected to see strong growth in the next few years. It will grow to $20.43 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to rising demand for wound care products, increasing healthcare spending in emerging economies, emphasis on preventive wound care measures, personalized wound care solutions, and a growing focus on infection control. Major trends in the forecast period include the integration of digital health solutions in wound care management, expansion of wound care clinics and specialized centers, adoption of artificial intelligence for wound assessment and treatment planning, increased collaboration between wound care specialists and other healthcare professionals, and development of novel biomaterials for wound dressings.
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Segmentation & Regional Insights
The chronic wound care market covered in this report is segmented –
1) By Product: Advanced Wound Dressing, Surgical Wound Care, Suture And Staples, Tissue Adhesive And Sealants, Anti-infective Dressing, Traditional Wound Care, Wound Therapy Devices
2) By Application: Diabetic Foot Ulcers, Pressure Ulcers, Venous Leg Ulcers, Other Applications
3) By End-User: Hospitals, Clinics, Homecare Settings, Other End-Users
North America was the largest region in the chronic wound care market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the chronic wound care market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The surging number of sports injuries is expected to drive the chronic wound care market going forward. Sports injuries refer to physical harm or trauma sustained during participation in sports or recreational activities. The number of sports injuries is on the rise due to various reasons, such as increased intensity of training, a lack of proper warm-up, inadequate protective gear, and poor technique. Chronic wound care aids in treating the surging number of sports injuries by promoting faster healing, preventing infections, and minimizing the risk of complications, thereby facilitating a quicker return to physical activity. For instance, in March 2024, according to the National Safety Council, a US-based non-profit public service organization, in 2022, there were 3.6 million emergency department treatments for sports and recreational equipment-related injuries, up from a record low in 2020, with a 20% increase in 2021 and a further 32% increase in 2022 compared to the previous year. In addition, the number of injuries associated with exercise and exercise equipment grew from 409,224 in 2021 to 445,642 in 2022. Therefore, the surging number of sports injuries is driving the chronic wound care market.
Key Industry Players
Major companies operating in the chronic wound care market are Cardinal Health Inc., Johnson & Johnson, 3M Company, Medtronic PLC, Becton Dickinson and Company, Stryker Corporation, Teva Pharmaceuticals, Baxter International Inc., Essity AB (BSN Medical), Medline Industries Inc., Avery Dennison Corporation, Smith & Nephew PLC, Ethicon Inc., Coloplast AS, B. Braun Holding GmbH & Co. KG, Paul Hartmann AG, ConvaTec Group PLC, Mölnlycke Health Care AB, Integra LifeSciences Holdings Corporation, Acelity L.P. Inc., Organogenesis Holdings Inc., MTF Biologics, MIMEDX Group Inc., Vericel Corporation, Anika Therapeutics Inc., Sigvaris Group, Marine Polymer Technologies Inc., Oneness Biotech Co. Ltd., Tissue Regenix Group PLC, Alleva Medical Ltd. (Devon Medical Products)
The chronic wound care market report table of contents includes:
1. Executive Summary
2. Chronic Wound Care Market Characteristics
3. Chronic Wound Care Market Trends And Strategies
4. Chronic Wound Care Market – Macro Economic Scenario
5. Global Chronic Wound Care Market Size and Growth
…..
32. Global Chronic Wound Care Market Competitive Benchmarking
33. Global Chronic Wound Care Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Chronic Wound Care Market
35. Chronic Wound Care Market Future Outlook and Potential Analysis
36. Appendix
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