Increasing incidence of wounds related to chronic diseases such as diabetes, growing global geriatric population, and availability of robust wound care products are some key factors expected to drive Wound Care market growth.
Increasing incidence of wounds related to chronic diseases such as diabetes, growing global geriatric population, and availability of robust wound care products are some key factors expected to drive Wound Care market growth.
According to Emergen Research, the global wound care market size was USD 19.72 billion in 2019 and is expected to reach USD 28.15 Billion in 2027 and register a revenue CAGR of 4.5% during the forecast period, 2020-2027.
Market Dynamics:
A wound is damage or disruption of the skin and before treatment can be provided, it is imperative to determine cause, location, and type of wound to ensure accurate treatment is administered. To ensure proper healing of the wound, the wound bed needs to be vascularized, devoid of devitalized tissues, clear of infection, and moist. Wound dressing help facilitate this process as they can eliminate dead space, control exudate, ensure proper fluid balance, prevent bacterial overgrowth, and are easily manageable for the patient or nursing staff. Increasing prevalence of chronic wounds and traumatic injuries, availability of alternative therapies to improve wound healing environment, and improve4d accessibility to cost-effective wound care therapies and products are some key factors expected to drive market revenue growth over the forecast period.
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Wound care is an integral part of a buys outpatient and office practice and often for smaller, low-risk, and traumatic wounds, irrigation with normal saline is the standard procedure. Debridement of wound plays a crucial role in preventing infection because permanently devitalized tissue can impede ability of the wound to resist infection. Clean, sterile technique is mandatory during surgeries and with excision and repair of any wounds in the skin. With the rise of chronic diseases and morbidity associated with them, wound care has become increasingly important in the healthcare sector. Manu advanced wound dressings have been developed to protect the healing wound from infection and to promote wound healing process. Low adherent dressings and semi-permeable films are basic types of wound dressings used commonly and are used to restrict liquid and microbial penetration but allow passage of air and water vapor.
Over the recent past, extensive research has been carried out to develop alginate dressings to accelerate healing process of highly exudative wounds and this is another factor expected to drive market revenue growth over the forecast period. However, unfavorable reimbursement policies in certain countries across the globe, limited adoption of advanced wound care dressings due to lack of knowledge and high costs, and certain side effects associated with some wound care products such as skin irritation, injury, and inflammatory responses are some factors that can hamper revenue growth of the market to a certain extent going ahead.
COVID-19 Impact Analysis
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Surgical & Traumatic Wounds Type Segment to Account for Largest Revenue Share:
Surgical & traumatic wounds type segment is expected to account for largest revenue share in the global market over the forecast period. Revenue growth of this segment can be attributed to increasing prevalence of traumatic wound injuries, growing number of surgeries performed across the globe and subsequent high incidence of surgical wounds, and rising focus on improving wound care strategies in outpatient and office practices.
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Hospitals & Clinics Segment to Dominate other End-Use Segments:
Hospitals & clinics segment is expected to dominate other end-use segments in the global market over the forecast period attributable to rising admissions in hospital due to chronic and traumatic wounds, increasing incidence of hospital-acquired pressure ulcers, availability of advanced wound care products, growing availability of skilled personnel, and favorable reimbursement policies for outpatient procedures.
Asia Pacific to Lead in Terms of Revenue CAGR:
Asia Pacific is expected to register a robust revenue CAGR over the forecast period attributable to increasing incidence of wounds and injuries due to rising prevalence of chronic diseases and accidents, growing geriatric population, increasing investment in healthcare facilities to improve access to advanced wound care products, and growing presence of key pharmaceutical and medical device companies in the region.
Major Companies in the Market Include:
- Ethicon Inc.
- Smith & Nephew plc
- Baxter International Inc.
- Convatec Group Plc
- Coloplast A/S
- Medtronic plc
- Paul Hartmann AG
- 3M Company
- Mimedx Group
- Integra LifeSciences Holding Corporation
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For the purpose of this report, Emergen Research has segmented the global wound care market on the basis of product, wound type, end-use, and region:
Product Outlook (Revenue, USD Billion; 2017-2027)
- Advanced Wound Care Products
- Advanced Wound Dressings
- Foam Dressings
- Silicone Dressings
- Non Silicone Dressings
- Hydrocolloid Dressings
- Film Dressings
- Alginate Dressings
- Hydrogel Dressings
- Collagen Dressings
- Hydrofiber Dressings
- Wound Contact Layers
- Antimicrobial Dressings
- Superabsorbent Dressings
- Foam Dressings
- Wound Therapy Devices
- Pressure Relief Devices
- Wound Assessment & Monitoring Devices
- Negative Pressure Wound Therapy Systems
- Conventional NPWT Systems
- Disposable NPWT Systems
- Accessories
- Oxygen & Hyperbaric Oxygen Equipment
- Electrical Stimulation Devices
- Other Therapy Devices
- Active Wound Care Products
- Biological Skin Substitutes
- Human Donor Tissue-derived Products
- Acellular Animal-derived Products
- Biosynthetic Products
- Topical Agents
- Biological Skin Substitutes
- Advanced Wound Dressings
- Surgical Wound Care Products
- Sutures
- Staplers
- Tissue Adhesives, Sealants, & Glues
- Fibrin-based Sealants
- Collagen-based Sealants
- Synthetic Adhesives
- Anti-infective Dressings
- Traditional Wound Care Products
- Medical Tapes
- Dressings
- Cleansing Agents
Wound Type Outlook (Revenue, USD Billion; 2017-2027)
- Diabetic Foot Ulcers
- Pressure Ulcers
- Venous Leg Ulcers
- Surgical & Traumatic Wounds
- Burns
- Other Wounds
End-Use Outlook (Revenue, USD Billion; 2017-2027)
- Hospitals & Clinics
- Inpatient Settings
- Outpatient Settings
- Long-term Care Facilities
- Home Care Settings
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Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Rest of MEA
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