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North America Advanced Wound Care Market Size, Share & Trends Analysis Report by Product (Moist, Antimicrobial), Application (Chronic Wounds, Acute Wounds), End-use (Hospitals, Specialty Clinics), and Segment Forecasts, 2024-2030

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    Report

  • 90 Pages
  • December 2023
  • Region: North America
  • Grand View Research
  • ID: 5921018
Description Jump to:
The North America advanced wound care market size is anticipated to reach USD 6.7 billion by 2030, registering a CAGR of 4.79% from 2024 to 2030. Growth in the aging population as well as increasing figure of diabetic patients are some major factors driving this market's growth. For instance, as per a United Health Foundation report (published in May 2023), more than 55.8 million adults aged 65 and older lived in the U.S., accounting for about 16.8% of the nation's population in 2021, increasing number of senior populations is anticipated to propel the market growth during the forecast period.

There has been a growth in the number of surgical procedures and traumatic incidents. For instance, per iData Research's report, published in August 2023, more than 900,000 cardiac surgery procedures are performed in the U.S. annually, which is expected to reach 1.3 million by 2029. Similarly, there has been an increase in the number of surgical site infections. Advanced wound care products help reduce these surgical site infections. An increase in the number of surgical site infections is expected to drive the market growth over the forecast period.

In addition, many leading manufacturers are introducing new products, which may help them capitalize on the increasing demand for advanced wound care products during the forecast period. For instance, in September 2022, PolyNovo Limited Company received FDA 510 (k) clearance for its product 'NovoSorb MTX'. This product is intended to be used to manage complex chronic wounds. Thus, the above-mentioned factors are boosting market growth.

North America Advanced Wound Care Market Report Highlights

  • Based on product, the moist wound care segment dominated the market in 2023, owing to an increase in number of chronic wound patients
  • Based on application, the acute wound segment is likely to dominate the market in the forecast period, owing to an increase in number of diabetic foot ulcers
  • Based on the end-use, the hospital segment dominated the advanced wound care market, owing to an increasing number of surgeries among hospital patients. On the other hand, the home healthcare segment is anticipated to witness the fastest growth of CAGR over the forecast period
  • U.S. dominated the market with the highest revenue share in 2023, owing to the increasing number of surgical procedures and technological advancements

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.1.1. Product
1.1.2. Application
1.1.3. End-use
1.1.4. Regional
1.1.5. Estimates and forecast timeline
1.2. Research Methodology
1.3. Information Procurement
1.3.1. Purchased database
1.3.2. Internal database
1.3.3. Secondary sources
1.3.4. Primary research
1.3.5. Details of primary research
1.3.5.1. Data for primary interviews in North America
1.3.5.2. Data for primary interviews in Europe
1.3.5.3. Data for primary interviews in Asia-Pacific
1.3.5.4. Data for primary interviews in Latin America
1.3.5.5. Data for Primary interviews in MEA
1.4. Information or Data Analysis
1.4.1. Data analysis models
1.5. Market Formulation & Validation
1.6. Model Details
1.6.1. Commodity flow analysis (Model 1)
1.6.1.1. Approach 1: Commodity flow approach
1.6.2. Volume price analysis (Model 2)
1.6.2.1. Approach 2: Volume price analysis
1.7. List of Secondary Sources
1.8. List of Primary Sources
1.9. Objectives
1.9.1. Objective 1
1.9.2. Objective 2
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Product outlook
2.2.2. Application outlook
2.2.3. End-use outlook
2.2.4. Mode of purchase outlook
2.2.5. Distribution channel outlook
2.3. Competitive Insights
Chapter 3. North America Advanced Wound Care Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Parent market outlook
3.1.2. Related/ancillary market outlook
3.2. Market Dynamics
3.2.1. Market driver analysis
3.2.1.1. Increasing prevalence of chronic diseases and conditions affecting wound healing capabilities
3.2.1.2. Introduction of innovative and advanced wound products
3.2.1.3. Rising geriatric population
3.2.1.4. Increasing number of road accidents, trauma cases, and burns
3.2.1.5. Increasing number of surgeries
3.2.2. Market restraint analysis
3.2.2.1. Delayed Diagnosis and lower treatment rates in emerging nations
3.2.2.2. Stringent regulations for manufacturing of wound care products
3.3. North America Advanced Wound Care Market Analysis Tools
3.3.1. Industry Analysis - Porter’s
3.3.1.1. Supplier power
3.3.1.2. Buyer power
3.3.1.3. Substitution threat
3.3.1.4. Threat of new entrant
3.3.1.5. Competitive rivalry
3.3.2. PESTEL Analysis
3.3.2.1. Political landscape
3.3.2.2. Technological landscape
3.3.2.3. Economic landscape
3.3.3. Covid-19 Impact Analysis
Chapter 4. North America Advanced Wound Care Market: Product Estimates & Trend Analysis
4.1. Definitions and Scope
4.1.1. Moist
4.1.2. Antimicrobial
4.1.3. Active
4.2. Product Market Share, 2018 & 2030
4.3. Segment Dashboard
4.4. North America Advanced Wound Care Market by Product Outlook
4.5. Market Size & Forecasts and Trend Analyses, 2023 to 2030 for the following
4.5.1. Moist wound care
4.5.1.1. Moist market estimates and forecast 2018 to 2030 (USD Million)
4.5.1.2. Foam dressings
4.5.1.2.1. Foam dressings market estimates and forecast 2018 to 2030 (USD Million)
4.5.1.3. Hydrocolloid dressings
4.5.1.3.1. Hydrocolloid dressings market estimates and forecast 2018 to 2030 (USD Million)
4.5.1.4. Film dressings
4.5.1.4.1. Film dressings market estimates and forecast 2018 to 2030 (USD Million)
4.5.1.5. Alginate dressings
4.5.1.5.1. Alginate dressings market estimates and forecast 2018 to 2030 (USD Million)
4.5.1.6. Hydrogel dressings
4.5.1.6.1. Hydrogel dressings market estimates and forecast 2018 to 2030 (USD Million)
4.5.1.7. Collagen dressings
4.5.1.7.1. Collagen dressings market estimates and forecast 2018 to 2030 (USD Million)
4.5.1.8. Other advanced dressings
4.5.1.8.1. Other advanced dressings market estimates and forecast 2018 to 2030 (USD Million)
4.5.2. Antimicrobial
4.5.2.1. Antimicrobial market estimates and forecast 2018 to 2030 (USD Million)
4.5.2.2. Silver
4.5.2.2.1. Silver market estimates and forecast 2018 to 2030 (USD Million)
4.5.2.3. Non-silver
4.5.2.3.1. Non-silver market estimates and forecast 2018 to 2030 (USD Million)
4.5.3. Active
4.5.3.1. Active market estimates and forecast 2018 to 2030s, (USD Million)
4.5.3.2. Biomaterials
4.5.3.2.1. Biomaterials market estimates and forecast 2018 to 2030 (USD Million)
4.5.3.3. Skin-substitute
4.5.3.3.1. Skin-substitute market estimates and forecast 2018 to 2030 (USD Million)
Chapter 5. North America Advanced Wound Care Market: Application Estimates & Trend Analysis
5.1. Definitions and Scope
5.1.1. Acute Wounds
5.1.2. Chronic Wounds
5.2. Application Market Share, 2018 & 2030
5.3. Segment Dashboard
5.4. North America Advanced Wound Care Market by Application Outlook
5.5. Market Size & Forecasts and Trend Analyses, 2023 to 2030 for the following
5.5.1. Chronic Wounds
5.5.1.1. Chronic wounds market estimates and forecast 2018 to 2030 (USD Million)
5.5.1.2. Diabetic foot ulcers
5.5.1.2.1. Diabetic foot ulcers market estimates and forecast 2018 to 2030 (USD Million)
5.5.1.3. Pressure ulcers
5.5.1.3.1. Pressure ulcers market estimates and forecast 2018 to 2030 (USD Million)
5.5.1.4. Venous leg ulcers
5.5.1.4.1. Venous leg ulcers market estimates and forecast 2018 to 2030 (USD Million)
5.5.1.5. Others chronic wounds
5.5.1.5.1. Others chronic wounds market estimates and forecast 2018 to 2030 (USD Million)
5.5.2. Acute Wounds
5.5.2.1. Acute wounds market estimates and forecast 2018 to 2030 (USD Million)
5.5.2.2. Surgical & traumatic wounds
5.5.2.2.1. Surgical & traumatic wounds market estimates and forecast 2018 to 2030 (USD Million)
5.5.2.3. Burns
5.5.2.3.1. Burns market estimates and forecast 2018 to 2030 (USD Million)
Chapter 6. North America Advanced Wound Care Devices: End-Use Estimates & Trend Analysis
6.1. Definitions and Scope
6.1.1. Hospitals
6.1.2. Specialty clinics
6.1.3. Home healthcare
6.1.4. Others
6.2. End-use Market Share, 2018 & 2030
6.3. Segment Dashboard
6.4. North America Advanced Wound Care Market by End-use Outlook
6.5. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
6.5.1. Hospitals
6.5.1.1. Hospitals market estimates and forecast 2018 to 2030 (USD Million)
6.5.2. Specialty clinics
6.5.2.1. Specialty clinics market estimates and forecast 2018 to 2030 (USD Million)
6.5.3. Home healthcare
6.5.3.1. Home healthcare market estimates and forecast 2018 to 2030 (USD Million)
6.5.4. Others
6.5.4.1. Others market estimates and forecast 2018 to 2030 (USD Million)
Chapter 7. North America Advanced Wound Care Market: Regional Estimates & Trend Analysis
7.1. Regional market share analysis, 2023 & 2030
7.2. Regional Market Dashboard
7.3. Regional Market Snapshot
7.4. Regional Market Share and Leading Players, 2023
7.4.1. North America
7.5. Market Application, & Forecasts and Trend Analysis, 2018 to 2030:
7.6. North America
7.6.1. Market estimates and forecast, 2018-2030 (Revenue, USD Million)
7.7.2 U.S.
7.6.2.1. Key country dynamics
7.6.2.2. Competitive scenario
7.6.2.3. Regulatory framework
7.6.2.4. Reimbursement scenario
7.6.2.5. U.S. market estimates and forecasts, 2018-2030
7.7.3 Canada
7.6.3.6. Key country dynamics
7.6.3.7. Competitive scenario
7.6.3.8. Regulatory framework
7.6.3.9. Reimbursement scenario
7.6.3.10. Canada market estimates and forecasts, 2018-2030
Chapter 8. Competitive Landscape
8.1. Recent Developments & Impact Analysis, By Key Market Participants
8.2. Company/Competition Categorization
8.2.1. Innovators
8.3. Vendor Landscape
8.3.1. List of key distributors and channel partners
8.3.2. Key customers
8.3.3. Key company market share analysis, 2023
8.3.4. Smith & Nephew PLC
8.3.4.1. Company overview
8.3.4.2. Financial performance
8.3.4.3. Product benchmarking
8.3.4.4. Strategic initiatives
8.3.5. Mölnlycke Health Care AB
8.3.5.1. Company overview
8.3.5.2. Financial performance
8.3.5.3. Product benchmarking
8.3.5.4. Strategic initiatives
8.3.6. ConvaTec Group PLC
8.3.6.1. Company overview
8.3.6.2. Financial performance
8.3.6.3. Product benchmarking
8.3.6.4. Strategic initiatives
8.3.7. Baxter International
8.3.7.1. Company overview
8.3.7.2. Financial performance
8.3.7.3. Product benchmarking
8.3.7.4. Strategic initiatives
8.3.8. URGO Medical
8.3.8.1. Financial performance
8.3.8.2. Product benchmarking
8.3.8.3. Strategic initiatives
8.3.9. Coloplast Corp.
8.3.9.1. Company overview
8.3.9.2. Financial performance
8.3.9.3. Product benchmarking
8.3.9.4. Strategic initiatives
8.3.10. Medtronic
8.3.10.1. Company overview
8.3.10.2. Financial performance
8.3.10.3. Product benchmarking
8.3.10.4. Strategic initiatives
8.3.11. 3M
8.3.11.1. Company overview
8.3.11.2. Financial performance
8.3.11.3. Product benchmarking
8.3.11.4. Strategic initiatives
8.3.12. Derma Sciences (Integra LifeSciences)
8.3.12.1. Company overview
8.3.12.2. Financial performance
8.3.12.3. Product benchmarking
8.3.12.4. Strategic initiatives
8.3.13. Medline Industries, Inc.
8.3.13.1. Company overview
8.3.13.2. Financial performance
8.3.13.3. Product benchmarking
8.3.13.4. Strategic initiatives
List of Tables
Table 1 List of secondary sources
Table 2 List of abbreviation
Table 3 North America advanced wound care market, by country, 2018-2030 (USD Million)
Table 4 North America advanced wound care market, by product, 2018-2030 (USD Million)
Table 5 North America advanced wound care market, by application, 2018-2030 (USD Million)
Table 6 North America advanced wound care market, by end-use, 2018-2030 (USD Million)
Table 7 US advanced wound care market, by product, 2018-2030 (USD Million)
Table 8 US advanced wound care market, by application, 2018-2030 (USD Million)
Table 9 US advanced wound care market, by end-use, 2018-2030 (USD Million)
Table 10 Canada advanced wound care market, by product, 2018-2030 (USD Million)
Table 11 Canada advanced wound care market, by application, 2018-2030 (USD Million)
Table 12 Canada advanced wound care market, by end-use, 2018-2030 (USD Million)
List of Figures
Figure 1 North America advanced wound care market segmentation
Figure 2 Market research process
Figure 3 Information procurement
Figure 4 Primary research pattern
Figure 5 Market research approaches
Figure 6 Value-chain-based sizing & forecasting
Figure 7 QFD modeling for market share assessment
Figure 8 Market formulation & validation
Figure 9 Market outlook (2023)
Figure 10 Segment outlook
Figure 11 Strategy framework
Figure 12 Penetration & growth prospect mapping
Figure 13 Consumer behavior analysis
Figure 14 Market driver relevance analysis (Current & future impact)
Figure 15 Market restraint relevance analysis (Current & future impact)
Figure 16 Porter’s five forces analysis
Figure 17 SWOT analysis, by factor (political & legal, economic and technological)
Figure 18 North America advanced wound care market: Product movement analysis
Figure 19 Segment dashboard
Figure 20 North America advanced wound care market product outlook: Key takeaways
Figure 21 Moist market, 2018-2030 (USD Million)
Figure 22 Foam dressings market, 2018-2030 (USD Million)
Figure 23 Hydrocolloid dressings market, 2018-2030 (USD Million)
Figure 24 Film dressings market, 2018-2030 (USD Million)
Figure 25 Alginate dressings market, 2018-2030 (USD Million)
Figure 26 Hydrogel dressings market, 2018-2030 (USD Million)
Figure 27 Collagen dressings market, 2018-2030 (USD Million)
Figure 28 Other advanced dressings market, 2018-2030 (USD Million)
Figure 29 Antimicrobial market, 2018-2030 (USD Million)
Figure 30 Silver market, 2018-2030 (USD Million)
Figure 31 Non-silver market, 2018-2030 (USD Million)
Figure 32 Active market, 2018-2030 (USD Million)
Figure 33 Biomaterials market, 2018-2030 (USD Million)
Figure 34 Skin-substitute market, 2018-2030 (USD Million)
Figure 35 North America advanced wound care market: Application movement analysis
Figure 36 Segment dashboard
Figure 37 North America Advanced wound care market Application outlook: Key takeaways
Figure 38 Chronic wounds market, 2018-2030 (USD Million)
Figure 39 Diabetic foot ulcers market, 2018-2030 (USD Million)
Figure 40 Pressure ulcers market, 2018-2030 (USD Million)
Figure 41 Venous leg ulcers market, 2018-2030 (USD Million)
Figure 42 Other chronic wounds market, 2018-2030 (USD Million)
Figure 43 Acute wounds market, 2018-2030 (USD Million)
Figure 44 Surgical and traumatic wounds market, 2018-2030 (USD Million)
Figure 45 Burns market, 2018-2030 (USD Million)
Figure 46 North America Advanced wound care market: End-use movement analysis
Figure 47 Segment dashboard
Figure 48 North America advanced wound care market End-use outlook: Key takeaways
Figure 49 Hospital market, 2018-2030 (USD Million)
Figure 50 Specialty clinics market, 2018-2030 (USD Million)
Figure 51 Home healthcare market, 2018-2030 (USD Million)
Figure 52 Others market, 2018-2030 (USD Million)
Figure 53 Regional outlook, 2023 & 2030
Figure 54 Regional market dashboard
Figure 55 Regional market place: Key takeaways
Figure 56 North America advanced wound care market, 2018-2030 (USD Million)
Figure 57 US advanced wound care market, 2018-2030 (USD Million)
Figure 58 Canada advanced wound care market, 2018-2030 (USD Million)
Figure 59 Company market share analysis, 2022
Figure 60 Market differentiators
Figure 61 Regional network map

Companies Mentioned

  • Smith & Nephew PLC
  • Mölnlycke Health Care AB
  • ConvaTec Group PLC
  • Baxter International
  • URGO Medical
  • Coloplast Corp.
  • Medtronic
  • 3M
  • Derma Sciences (Integra LifeSciences)
  • Medline Industries, Inc.

Methodology

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Table Information

Report AttributeDetails
No. of Pages90
PublishedDecember 2023
Forecast Period2023 - 2030
Estimated Market Value ( USD ) in 2023 $ 4.8 Billion
Forecasted Market Value ( USD ) by 2030 $ 6.7 Billion
Compound Annual Growth Rate4.7%
Regions CoveredNorth America
No. of Companies Mentioned10

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About the Advanced Wound Care Market

The Advanced Wound Care market is a subset of the larger Wound Care industry. It focuses on the treatment of chronic and complex wounds, such as diabetic foot ulcers, pressure ulcers, and venous leg ulcers. Advanced Wound Care products are designed to promote healing and reduce the risk of infection. These products include dressings, topical agents, and negative pressure wound therapy systems. Advanced Wound Care products are used in a variety of settings, including hospitals, long-term care facilities, and home care. They are often used in combination with other treatments, such as debridement, compression therapy, and hyperbaric oxygen therapy. Some companies in the Advanced Wound Care market include Smith & Nephew, Mölnlycke Health Care, ConvaTec, 3M, Coloplast, and BSN Medical. Show Less Read more

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