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 observed in the historical period is linked to factors such as an aging population, a rise in the prevalence of chronic diseases, an increased incidence of diabetes, heightened awareness about wound management, and enhanced accessibility 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%. Looking forward to the forecast period, growth can be attributed to the escalating demand for wound care products, augmented healthcare spending in emerging markets, a focus on preventive wound care strategies, the emergence of personalized wound care solutions, and an increasing emphasis on infection control. Key trends anticipated in the forecast period involve the integration of digital health solutions into wound care management, the proliferation of wound care clinics and specialized centers, the adoption of artificial intelligence for wound assessment and treatment planning, enhanced collaboration among wound care specialists and other healthcare providers, and the development of innovative biomaterials for wound dressings.
The increasing incidence of sports injuries is poised to propel the chronic wound care market in the foreseeable future. Sports injuries, denoting physical harm or trauma incurred during sports or recreational activities, are proliferating due to various factors including intensified training regimes, inadequate warm-up routines, insufficient protective equipment, and poor technique. Chronic wound care plays a crucial role in managing the rising number of sports injuries by expediting healing, averting infections, and minimizing complications, thus facilitating a swifter return to physical pursuits. For example, as reported by the National Safety Council, a US-based non-profit organization, in March 2024, there were 3.6 million emergency department treatments for sports and recreational equipment-related injuries in 2022, marking a significant uptick from previous years. This surge indicates a 20% increase in 2021 and a further 32% increase in 2022 compared to the preceding year, with injuries associated with exercise and exercise equipment also witnessing an escalation from 2021 to 2022. Consequently, the mounting occurrences of sports injuries are propelling the chronic wound care market forward.
Prominent players in the chronic wound care market are intensifying their efforts towards developing advanced solutions, such as negative pressure wound therapy (NPWT) systems, to facilitate more convenient and comfortable home-based treatment options. NPWT systems are medical devices that administer controlled suction to wounds, fostering healing by eliminating excess fluid, reducing edema, and enhancing tissue perfusion. For instance, in April 2024, Smith & Nephew, a UK-based medical equipment manufacturer, introduced the RENASYS EDGE in the US, designed as a patient-centric solution for chronic wound treatment. Featuring a lightweight and compact design, this system boasts an intuitive interface for clinicians. Its user-friendly interface offers step-by-step guidance on therapeutic applications, complemented by technical support accessible via near-field communication during setup. Smith+Nephew also provides round-the-clock patient support and a clinical helpline. These technological advancements, including enhanced portability and near-field communication integration, not only enhance patient comfort but also cater to the growing demand for effective home-based care, potentially reducing healthcare expenses associated with chronic wound management in the wound care market.
In May 2023, LifeNet Health, a US-based non-profit organization, acquired Bioventus Inc.'s wound care division for $0.085 billion. This acquisition expands LifeNet Health's product portfolio with clinically proven solutions such as TheraSkin, TheraGenesis, and SonicOne, addressing healthcare challenges, enhancing patient care, and bolstering its position in the chronic wound care market. Bioventus Inc., a US-based medical device company specializing in chronic wound care treatments, has played a pivotal role in this arena.
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).
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. The countries covered in the chronic wound care market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Chronic wound care involves specialized medical interventions and management strategies for wounds that do not follow the typical healing trajectory within the expected timeframe, often persisting over an extended period. Its primary goal is to facilitate healing and mitigate potential complications.
Various types of chronic wound care products are available, including advanced wound dressings, surgical wound care supplies, sutures, staples, tissue adhesive and sealants, anti-infective dressings, traditional wound care items, and wound therapy devices. Advanced wound dressings encompass innovative materials directly applied to wounds to enhance healing and prevent infections, such as hydrocolloids, hydrogels, foams, and films. These products find application in treating diverse conditions such as diabetic foot ulcers, pressure ulcers, venous leg ulcers, and others, catering to a range of end-users such as hospitals, clinics, homecare settings, among others.
The chronic wound care market research report is one of a series of new reports that provides chronic wound care market statistics, including chronic wound care industry global market size, regional shares, competitors with a chronic wound care market share, detailed chronic wound care market segments, market trends and opportunities, and any further data you may need to thrive in the chronic wound care industry. This chronic 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 chronic wound care market consists of revenues earned by entities by providing services, such as wound assessment, wound debridement, infection control, wound dressing changes, negative pressure wound therapy, and patient education. The market value includes the value of related goods sold by the service provider or included within the service offering. The chronic wound care market also includes sales of debridement products, moisture control products, and antimicrobial agents. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
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.
This product will be delivered within 3-5 business days.
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%. Looking forward to the forecast period, growth can be attributed to the escalating demand for wound care products, augmented healthcare spending in emerging markets, a focus on preventive wound care strategies, the emergence of personalized wound care solutions, and an increasing emphasis on infection control. Key trends anticipated in the forecast period involve the integration of digital health solutions into wound care management, the proliferation of wound care clinics and specialized centers, the adoption of artificial intelligence for wound assessment and treatment planning, enhanced collaboration among wound care specialists and other healthcare providers, and the development of innovative biomaterials for wound dressings.
The increasing incidence of sports injuries is poised to propel the chronic wound care market in the foreseeable future. Sports injuries, denoting physical harm or trauma incurred during sports or recreational activities, are proliferating due to various factors including intensified training regimes, inadequate warm-up routines, insufficient protective equipment, and poor technique. Chronic wound care plays a crucial role in managing the rising number of sports injuries by expediting healing, averting infections, and minimizing complications, thus facilitating a swifter return to physical pursuits. For example, as reported by the National Safety Council, a US-based non-profit organization, in March 2024, there were 3.6 million emergency department treatments for sports and recreational equipment-related injuries in 2022, marking a significant uptick from previous years. This surge indicates a 20% increase in 2021 and a further 32% increase in 2022 compared to the preceding year, with injuries associated with exercise and exercise equipment also witnessing an escalation from 2021 to 2022. Consequently, the mounting occurrences of sports injuries are propelling the chronic wound care market forward.
Prominent players in the chronic wound care market are intensifying their efforts towards developing advanced solutions, such as negative pressure wound therapy (NPWT) systems, to facilitate more convenient and comfortable home-based treatment options. NPWT systems are medical devices that administer controlled suction to wounds, fostering healing by eliminating excess fluid, reducing edema, and enhancing tissue perfusion. For instance, in April 2024, Smith & Nephew, a UK-based medical equipment manufacturer, introduced the RENASYS EDGE in the US, designed as a patient-centric solution for chronic wound treatment. Featuring a lightweight and compact design, this system boasts an intuitive interface for clinicians. Its user-friendly interface offers step-by-step guidance on therapeutic applications, complemented by technical support accessible via near-field communication during setup. Smith+Nephew also provides round-the-clock patient support and a clinical helpline. These technological advancements, including enhanced portability and near-field communication integration, not only enhance patient comfort but also cater to the growing demand for effective home-based care, potentially reducing healthcare expenses associated with chronic wound management in the wound care market.
In May 2023, LifeNet Health, a US-based non-profit organization, acquired Bioventus Inc.'s wound care division for $0.085 billion. This acquisition expands LifeNet Health's product portfolio with clinically proven solutions such as TheraSkin, TheraGenesis, and SonicOne, addressing healthcare challenges, enhancing patient care, and bolstering its position in the chronic wound care market. Bioventus Inc., a US-based medical device company specializing in chronic wound care treatments, has played a pivotal role in this arena.
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).
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. The countries covered in the chronic wound care market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Chronic wound care involves specialized medical interventions and management strategies for wounds that do not follow the typical healing trajectory within the expected timeframe, often persisting over an extended period. Its primary goal is to facilitate healing and mitigate potential complications.
Various types of chronic wound care products are available, including advanced wound dressings, surgical wound care supplies, sutures, staples, tissue adhesive and sealants, anti-infective dressings, traditional wound care items, and wound therapy devices. Advanced wound dressings encompass innovative materials directly applied to wounds to enhance healing and prevent infections, such as hydrocolloids, hydrogels, foams, and films. These products find application in treating diverse conditions such as diabetic foot ulcers, pressure ulcers, venous leg ulcers, and others, catering to a range of end-users such as hospitals, clinics, homecare settings, among others.
The chronic wound care market research report is one of a series of new reports that provides chronic wound care market statistics, including chronic wound care industry global market size, regional shares, competitors with a chronic wound care market share, detailed chronic wound care market segments, market trends and opportunities, and any further data you may need to thrive in the chronic wound care industry. This chronic 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 chronic wound care market consists of revenues earned by entities by providing services, such as wound assessment, wound debridement, infection control, wound dressing changes, negative pressure wound therapy, and patient education. The market value includes the value of related goods sold by the service provider or included within the service offering. The chronic wound care market also includes sales of debridement products, moisture control products, and antimicrobial agents. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
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.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Chronic Wound Care Market Characteristics3. Chronic Wound Care Market Trends and Strategies32. Global Chronic Wound Care Market Competitive Benchmarking33. Global Chronic Wound Care Market Competitive Dashboard34. Key Mergers and Acquisitions in the Chronic Wound Care Market
4. Chronic Wound Care Market - Macro Economic Scenario
5. Global Chronic Wound Care Market Size and Growth
6. Chronic Wound Care Market Segmentation
7. Chronic Wound Care Market Regional and Country Analysis
8. Asia-Pacific Chronic Wound Care Market
9. China Chronic Wound Care Market
10. India Chronic Wound Care Market
11. Japan Chronic Wound Care Market
12. Australia Chronic Wound Care Market
13. Indonesia Chronic Wound Care Market
14. South Korea Chronic Wound Care Market
15. Western Europe Chronic Wound Care Market
16. UK Chronic Wound Care Market
17. Germany Chronic Wound Care Market
18. France Chronic Wound Care Market
19. Italy Chronic Wound Care Market
20. Spain Chronic Wound Care Market
21. Eastern Europe Chronic Wound Care Market
22. Russia Chronic Wound Care Market
23. North America Chronic Wound Care Market
24. USA Chronic Wound Care Market
25. Canada Chronic Wound Care Market
26. South America Chronic Wound Care Market
27. Brazil Chronic Wound Care Market
28. Middle East Chronic Wound Care Market
29. Africa Chronic Wound Care Market
30. Chronic Wound Care Market Competitive Landscape and Company Profiles
31. Chronic Wound Care Market Other Major and Innovative Companies
35. Chronic Wound Care Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Chronic Wound Care Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on chronic wound care market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase:
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- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
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- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
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- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for chronic wound care? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The chronic wound care market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Product: Advanced Wound Dressing; Surgical Wound Care; Suture And Staples; Tissue Adhesive And Sealants; Anti-infective Dressing; Traditional Wound Care; Wound Therapy Devices2) By Application: Diabetic Foot Ulcers; Pressure Ulcers; Venous Leg Ulcers; Other Applications
3) By End-User: Hospitals; Clinics; Homecare Settings; Other End-Users
Key Companies Mentioned: Cardinal Health Inc.; Johnson & Johnson; 3M Company; Medtronic PLC; Becton Dickinson and Company
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- 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)
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 175 |
| Published | July 2024 |
| Forecast Period | 2024 - 2028 |
| Estimated Market Value ( USD | $ 15.27 Billion |
| Forecasted Market Value ( USD | $ 20.43 Billion |
| Compound Annual Growth Rate | 7.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 30 |
