The Wound Care Devices Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Wound Care Devices Global Market Report 2024, The wound care devices market size has grown strongly in recent years. It will grow from $60.43 billion in 2023 to $65.51 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to rise in chronic diseases, prevalence of diabetes, increase in surgical procedures, focus on infection control, government initiatives for wound care, patient preference for non-invasive solutions
The wound care devices market size is expected to see strong growth in the next few years. It will grow to $88.47 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to global rise in obesity rates, regulatory support and standards, wearable wound monitoring devices, increasing geriatric population, collaboration in wound care research. Major trends in the forecast period include smart wound dressings, 3d bioprinting in wound care, telemedicine in wound management, compression therapy innovations, wearable wound monitoring devices.
Combination dressings are increasingly being used to treat chronic wounds. The most widely used combination dressing is an antimicrobial agent and a biological material that together acts as a combination dressing. Combination dressings blend the chemical and physical properties of two or more types of wound dressing products to provide, waterproofing, anti-bacterial and viral infections, and skin-friendly capabilities. For instance, ConvaTec offers AQUACEL combination dressings that are made up of Hydrofiber Technology that offers stitch bonding functionality and increases the tensile strength of the dressing to be used as a combination dressing with an absorbent for the treatment of chronic wounds. The most widely used combination dressings include silver alginate dressings, silver collagen dressings, collagen hydrochloride dressings, and foam dressings. These dressings are used in the treatment of chronic ulcers, traumatic wounds, and surgical wounds. For instance, according to the National Library of Medicine, a US-based medical library, by 2030, the global prevalence of type 2 diabetes is expected to climb to 7,079 cases per 100,000 people, demonstrating an ongoing rise in all geographical areas.
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The wound care devices market covered in this report is segmented –
1) By Type: Traditional Adhesive Dressings, Negative-pressure Wound Therapy (NPWT), Traditional Gauze Dressings, Advanced Wound Care Devices
2) By End User: Hospitals And Clinics, Diagnostic Laboratories, Other End Users
3) By Type of Expenditure: Public, Private
4) By Product: Instruments/Equipment, Disposables
Major companies operating in the wound care device market are focusing on developing an innovative approach, bio-inductive implant, to sustain their position in the market. The bio-inductive implant is designed to provide wound care by supporting the natural healing response of the body and facilitating the growth of tendon tissue. For instance, in July 2023, Smith and Nephew, a UK-based medical equipment manufacturing company, launched the REGENTEN bio-inductive implant in India. The collagen-based REGENETEN Bio inductive Implant would support the body’s natural healing response for facilitating the growth of new tendon-like tissue to biologically augment the existing tendon and change the course of disease progression
The wound care devices market report table of contents includes:
1. Executive Summary
2. Wound Care Devices Market Characteristics
3. Wound Care Devices Product/Service Analysis -Product/Service Examples
4. Wound Care Devices Market Trends And Strategies
5. Wound Care Devices Market – Macro Economic Scenario
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26. Germany Wound Care Devices Market
27. France Wound Care Devices Market
28. Italy Wound Care Devices Market
29. Spain Wound Care Devices Market
30. Austria Wound Care Devices Market
Top Major Players:
- Cardinal Health Inc
- Johnson & Johnson
- 3M Company
- Medtronic Inc
- EssilorLuxottica SA
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