The Advanced Wound Care Market was valued at USD 11.25 billion in 2024, and is projected to reach USD 14.87 billion by 2030, rising at a CAGR of 4.79%. Growth in the number of the aging population as well as an 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 the number of senior populations is anticipated to propel the market during the forecast period.
There has been growth in the number of surgical procedures, and traumatic incidents globally. For instance, as per a study by Research Gate, in 2022, around 6.6% of mortality occurs due to trauma every year. Similarly, there has been an increase in the number of surgical site infections. Advanced wound care products help to contain and reduce these surgical site infections, thereby, an increase in the number of surgical site infections is expected to drive the market during the forecast period.
The introduction of the COVID-19 vaccine, and the lifting of lockdown impositions, are expected to have a positive impact on the market over the forecast period. Many elective surgeries, which were postponed, are expected to take place. In addition to this, many leading manufacturers are introducing new products which may help them to capitalize on the increasing demand for advanced wound care products during the forecast period.
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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 the number of senior populations is anticipated to propel the market during the forecast period.
There has been growth in the number of surgical procedures, and traumatic incidents globally. For instance, as per a study by Research Gate, in 2022, around 6.6% of mortality occurs due to trauma every year. Similarly, there has been an increase in the number of surgical site infections. Advanced wound care products help to contain and reduce these surgical site infections, thereby, an increase in the number of surgical site infections is expected to drive the market during the forecast period.
The introduction of the COVID-19 vaccine, and the lifting of lockdown impositions, are expected to have a positive impact on the market over the forecast period. Many elective surgeries, which were postponed, are expected to take place. In addition to this, many leading manufacturers are introducing new products which may help them to capitalize on the increasing demand for advanced wound care products during the forecast period.
Advanced Wound Care Market Report Highlights
- Based on product, the moist wound care segment led the market with the largest revenue share of 70.75% in 2024. This dominance can be attributed to an increase in a number of wound cases and increase in number of surgeries globally.
- In terms of application, the chronic wounds segment is dominating the market with the largest revenue share in 2024. Increasing number of diabetic foot ulcers, venous pressure ulcers, and other chronic wounds is expected to drive the segment growth.
- Based on end-use, the hospital segment held the market with the largest revenue share of 45.37% in 2024. The growth of this segment can be attributed to the upsurge in surgical procedures and increase in the number of hospital admissions.
- North America dominated the market with the revenue share of 45.47% in 2024. This dominance can be attributed to well-developed healthcare infrastructure and increase in the number of surgical procedures.
- Asia Pacific is anticipated to witness fastest CAGR during the forecast period. This can be attributed to the presence of major key players, the increasing prevalence of chronic disorders, and rising healthcare expenditure.
This report addresses:
- Market intelligence to enable effective decision-making.
- Market estimates and forecasts from 2018 to 2030.
- Growth opportunities and trend analyses.
- Segment and regional revenue forecasts for market assessment.
- Competition strategy and market share analysis.
- Product innovation listings for you to stay ahead of the curve.
- COVID-19's impact and how to sustain in this fast-evolving market.
Why Should You Buy This Report?
- Comprehensive Market Analysis: Gain detailed insights into the market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players.
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Advanced Wound Care Market Variables, Trends & Scope
Chapter 4. Advanced Wound Care Market: Product Estimates & Trend Analysis
Chapter 5. Advanced Wound Care Market: Application Estimates & Trend Analysis
Chapter 6. Advanced Wound Care Market: End Use Estimates & Trend Analysis
Chapter 7. Advanced Wound Care Market: Regional Estimates & Trend Analysis By Product, Application, and End Use
Chapter 8. Competitive Landscape
List of Tables
List of Figures
Companies Mentioned
The major companies profiled in this Advanced Wound Care market report include:- ConvaTec Group PLC
- Smith & Nephew PLC
- Mölnlycke Health Care AB
- B. Braun Melsungen AG
- 3M
- URGO
- Coloplast Corp.
- Integra LifeSciences
- Medline Industries, Inc.
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 120 |
Published | February 2025 |
Forecast Period | 2024 - 2030 |
Estimated Market Value ( USD | $ 11.25 Billion |
Forecasted Market Value ( USD | $ 14.87 Billion |
Compound Annual Growth Rate | 4.7% |
Regions Covered | Global |
No. of Companies Mentioned | 10 |