A new market study report by The Insight Partners on the Wound Care Market has been released with reliable information and accurate forecasts for a better understanding of the current and future market scenarios. The report offers an in-depth analysis of the global market, including qualitative and quantitative insights, historical data, and estimated projections about the market size and share in the forecast period.

The Emerging Players in the Wound Care Market includes: Smith & Nephew, Ethicon USA LLC, Convatec Group Plc, BAXTER International Inc., Coloplast AS, Paul HARTMANN AG, Medtronic Plc, 3M Company, MIMEDX, and Integra LifeSciences Holdings Corporation are among the key companies operating in the wound care market.

Key factors driving the wound care market growth are increasing cases of road traffic injuries and the rising prevalence of chronic diseases and related wounds. However, challenges in wound care management and an increase in product recalls restrict the wound care market growth.

North America is leading the global wound care market due to the rising cases of chronic ulcers and diabetes in this region. According to a study published by the National Library of Medicine in the US, primary diagnosis of chronic ulcers is conservatively estimated to cost US$ 28 billion yearly, and secondary diagnosis is expected to cost up to US$ 31.7 billion annually. According to the American Diabetes Association (ADA), over 9–12 million Americans suffer from chronic ulcers. The mortality rate for leg ulcers after the first amputation has dramatically doubled from 20% to 50% in the first three years to 70% after five years. According to data published by the National Library of Medicine, diabetes is the leading cause of non-traumatic amputations the US. Overall, about 5% of diabetes mellitus patients develop foot ulcers, and 1% end up with an amputation.

The penetration of wound care across several end-user applications is expected to increase product developments during the forecast period. Such conducive factors are anticipated to offer a favorable environment for the US market by 2028. As per the data published by International Diabetes Federation (IDF) in 2021, the incidence of diabetes (per 100,000) in children aged 0–14 years in Canada was around 37.9% was 2021. Additionally, the number of adult diabetes patients aged 20–79 years was around 3 million in the country in 2021.

The wound care market, by product is segmented into advanced wound dressing, surgical wound care, traditional wound care, and wound therapy devices. The advanced wound dressing segment held the largest market share in 2022 and is anticipated to register the highest CAGR during 2022–2028. Advanced wound dressings are used to treat hard-to-heal wounds. Generally, these wounds are caused or are the common side-effects of pressure ulcers, obesity, diabetes, and age-related vascular diseases. The incidences of chronic wounds are growing exponentially across the world. As a result, financial burden of wounds on healthcare services has increased and provoked technical advancements for advanced wound dressing.

The report segments the Wound Care market as follows:

Based on product, the wound care market is segmented into advanced wound dressing, surgical wound dressing, traditional wound care, and wound therapy devices. The market for the advanced wound dressing segment is further segmented into foam dressing, hydrocolloid dressings, barrier film dressings, alginate dressings, hydrogel dressings, collagen dressings, and other advanced dressings. The market for the surgical wound care segment is sub-segmented into suture and staples, tissue adhesives, and sealants. The market for the traditional wound care segment is further segmented into wound bandages, medical tapes, and accessories. The market for the wound therapy devices segment is sub-segmented into negative pressure wound therapy device, hyperbaric oxygen equipment, pressure relief devices, and others. By wound type, the wound care market is bifurcated into chronic wound and acute wound. The market for the chronic wound segment is further segmented into diabetic foot ulcers, pressure ulcers, venous leg ulcers, and other chronic wounds. 

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