The global wound care market size was US$ 22,517.3 million in 2021. The global wound care market size is forecast to reach US$ 35,535.1 million by 2030, growing at a compound annual growth rate (CAGR) of 5.2% during the forecast period from 2022 to 2030.
In order to prevent infections and advance patients' well-being, wound care is essential. It specifically relates to particular approaches to treating pressure sores, skin ulcers, and other skin-breaking lesions. Globally, healthcare professionals and people alike are very concerned about wound infection. Advanced wound dressings, conventional wound care, surgical wound care, and wound therapy devices are the different subcategories of wound care goods. Acute wounds and chronic wounds are the two basic forms of wounds.
Factors Influencing Market Growth
The rising number of surgical cases and increasing prevalence of chronic diseases drive the global market.
The growing use of regenerative medicine for wound management and technological improvements in wound care is forecast to offer lucrative opportunities for the global market.
The increased costs of wound care products may slow down the overall market growth.
The rise in the number of road mishaps and accidents, advanced medical facilities, and increasing awareness among the people about first aid medication boost the global market growth.
Impact Analysis of COVID-19
The COVID-19 pandemic had a negative impact on the global market. Various hospital staff had to focus on treating the COVID-19 patients, which declined the demand for non-essential treatments. In addition, many elective surgeries had to cancel or postpone globally to secure or redirect the limited capacities and resources.
However, as a result of the discovery of the vaccine, nations have begun to open their borders internationally, and as a result, the market is anticipated to expand after COVID-19. It is anticipated that the previously postponed elective procedures will be carried out during the recovery period following the pandemic, increasing the need for wound care and wound healing products.
North America garnered a substantial market share in 2021 and is forecast to remain dominant during the forecast period. As a result of the existence of a large population base and increasing patient pool. In addition, a growing number of road accidents and the availability of skilled professionals.
The Asia Pacific region is forecast to have considerable growth during the forecast period. The transforming lifestyle resulting in a rise in the incidence of chronic diseases and growing medical tourism.
The leading prominent companies profiled in the global wound care market are:
Smith & Nephew
Mlnlycke Health Care AB
ConvaTec Group PLC
Ethicon (Johnson & Johnson)
Derma Sciences Inc. (Integra LifeSciences)
Other Prominent Players
Scope of the Report
The global wound care market segmentation focuses on Product, Wound Type, End-User, and Region.
Segmentation based on Product
Advanced Wound Care Products
Surgical Wound Care Products
Traditional Wound Care Products
Segmentation based on Wound Type
Surgical & Traumatic Wounds
Diabetic Foot Ulcers
Venous Leg Ulcers
Segmentation based on End-User
Hospitals and Clinics
Long-Term Patient Care
Home Care Settings
Other End Users
Segmentation based on Region
Rest of Western Europe
Rest of Eastern Europe
Australia & New Zealand
Rest of Asia Pacific
Middle East & Africa (MEA)
Rest of MEA
Rest of South America
Meta Title: Wound Care Market Size, Share, Insight and Forecast 2022 to 2030
Meta Description: Global Wound Care Market is projected to reach US$ 35,535.1 million by the end of 2030 from US$ 22,517.3 million in 2021, at a CAGR of 5.2%
Meta Keywords: wound care market Size, wound care market share, wound care market trend, wound care market Forecast, wound care market insight