Advanced Wound Care Global Market Report 2024

The advanced wound care market size has grown strongly in recent years. It will grow from $10.14 billion in 2023 to $10.86 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth observed during the historical period in the field of advanced wound care devices can be attributed to several factors. These include continuous innovation in wound care technologies, the aging population leading to a higher demand for wound care solutions, advancements in medical technologies, an increase in the prevalence of chronic conditions requiring specialized care, and improvements in healthcare infrastructure.

The advanced wound care market size is expected to see strong growth in the next few years. It will grow to $14.06 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The anticipated growth in the forecast period for advanced wound care devices can be attributed to various factors. These include a heightened focus on personalized medicine, the pursuit of cost-efficient solutions, increased consumer demand for non-invasive treatments, improvements in healthcare access and infrastructure, and the ongoing prevalence of chronic diseases. Major trends expected in the forecast period include the adoption of patient-centric care approaches, collaborative partnerships in research and development, a shift towards value-based healthcare models, a heightened focus on regenerative medicine, and an increased preference among consumers for minimally invasive solutions.

The growth of the advanced wound care market is expected to be driven by the increasing number of surgeries. Surgical procedures involve tissue penetration or cutting to treat ailments, injuries, or enhance bodily functions/appearance. Advanced wound care products play a pivotal role in surgeries by expediting healing and minimizing complications such as infections. According to the Aesthetic Society's data from 2021, surgical procedures surged by 54% compared to 2020, while non-surgical procedures rose by 44%. This uptick in surgeries underscores the driving force behind the advanced wound care market.

The expansion of the advanced wound care market is anticipated due to a rise in road accidents, trauma, and burn cases. Road accidents refer to incidents involving vehicles on public roads resulting in injury or fatality. Burns encompass injuries from heat, radiation, electricity, chemicals, or friction, while trauma involves physical injury causing internal damage, wounds, or fractures. Specialized wound care solutions are crucial in mitigating severity, improving blood flow, and stimulating the body's healing mechanisms for such cases. Notably, reports from the National Highway Traffic Safety Administration (NHTSA) in January 2023 revealed 31,785 traffic-related fatalities in the USA for 2022, alongside 42,915 deaths in 2021. Moreover, the American Burn Association (ABA) reported 450,000 major burn injuries annually in the USA. These incidents, coupled with global statistics from the World Health Organization (WHO) indicating 4.4 million annual injury-related fatalities, are key drivers propelling the advanced wound care market.

An emerging trend in the advanced wound care market is product innovation, which is gaining substantial traction. Leading companies in this sector prioritize developing innovative products tailored to meet patient needs and address unmet clinical requirements in surgical, chronic wounds, and burns. Such innovations afford these market players a competitive edge. For instance, in October 2023, DuPont de Nemours, Inc., a US-based chemical company, launched Liveo MG 7-9960 Soft Skin Adhesive. This soft elastomeric silicone adhesive is specifically designed to affix medical devices to the skin, boasting high adhesion force, prolonged wear time, and gentle removal. Developed with low content cyclosiloxanes, the product caters to advanced wound care and wearable device Original Equipment Manufacturers (OEMs), enhancing dressing and patch offerings with improved wear performance and design flexibility.

Major corporations within the advanced wound care market are directing their efforts toward pioneering technologies such as Aquacel Hydrofiber Technology, aiming to cater to healthcare providers and patients' needs. Aquacel Hydrofiber Technology represents a pliable, absorbent material that undergoes a gel transformation upon contact with wound fluid. For instance, in January 2023, Convatec Group plc, a UK-based medical device company, introduced ConvaFoam, an advanced foam dressing. Tailored to tackle the challenge of healing-resistant wounds, which pose significant economic, clinical, and societal burdens expected to escalate, ConvaFoam stands out as the sole foam dressing incorporating superabsorbent fibers and AQUACEL Hydrofiber technology. Moreover, it's designed to optimize wear duration with a silicone adhesive specifically engineered for an ideal balance of adhesive strength, skin compatibility, and breathability.

In December 2021, Essity AB, a Sweden-based company specializing in hygiene and health, completed the acquisition of Hydrofera for $116 million. This strategic move by Essity AB is aimed at bolstering its innovative capacities and expanding its array of advanced wound care products. Hydrofera, a US-based enterprise renowned for its advanced wound care products and technology, aligns with Essity AB's overarching objectives in the wound care sector.

Major companies operating in the advanced wound care market report are Integra Lifesciences Corp., Molnlycke Health Care, Johnson And Johnson Services Inc., Medline Industries Inc., Medtronic plc, Organogenesis Holdings Inc., Smith & Nephew plc, B. Braun Melsungen AG, Coloplast A/S, ConvaTec Group plc, Hollister Incorporated, URGO Medical Ltd., Lohmann And Rauscher GmbH & Co. KG, MiMedx Group Inc., Zimmer Biomet Holdings Inc., Misonix Inc., Cardinal Health Inc., BSN medical GmbH, Paul Hartmann AG, Nestlé Health Science SA, AstraZeneca plc, Johnson & Johnson Medical Devices group, Becton, Dickinson and Company, Lohmann & Rauscher International, Stryker corporation, Dabur Ltd., Beiersdorf AG, Hologic Inc., Pfizer Inc., Sanofi SA.

North America was the largest region in the advanced wound care market in 2023. Asia-Pacific is expected to be the fastest-growing region in the advanced wound care market report during the forecast period. The regions covered in the advanced wound care market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the advanced wound care market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The main types of products used in advanced wound care include antimicrobial gels, antimicrobial powder, concentrated surfactants, hydrogel dressings, skin protectants, wound cleaners, semi-permeable film dressings, semi-permeable antimicrobial film dressings, semi-permeable non-antimicrobial film dressings, and others. Antimicrobial wound gels, for instance, are water-based gel dressings applied to wounds to maintain a moist environment that facilitates healing. Various types of wounds, such as surgical and traumatic wounds, diabetic foot ulcers, pressure ulcers, venous leg ulcers, burns, among others, can be treated using advanced wound care products. These products find applications in both chronic and acute wounds and are utilized by end-users such as hospitals, clinics, home care settings, and others.

The advanced wound care market research report is one of a series of new reports that provides advanced wound care market statistics, including advanced wound care industry global market size, regional shares, competitors with an advanced wound care market share, detailed advanced wound care market segments, market trends and opportunities, and any further data you may need to thrive in the advanced wound care industry. This advanced wound care market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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