Wound Care Market Size Worth $29.57 Billion by 2030 | CAGR 4.12%: Grand View Research, Inc.

SAN FRANCISCO, March 7, 2022 /PRNewswire/ -- The global wound care market size is anticipated to reach USD 29.57 billion by 2030, registering a CAGR of 4.12% during the forecast period, according to a new report by Grand View Research, Inc. Increasing number of surgical cases, rapidly aging population, as well as rising number of diabetic patients, are among the major factors driving the market growth. For instance, according to Ageing Asia, in 2019, more than 139 million people i.e., about 10% of the total population, in India were over the age of 60 years. The number is expected to increase to 19.5% by 2050. Elder people are more susceptible to wounds, and thus, an increasing number of geriatric population is anticipated to propel the market growth. Obesity is a major health concern that leads to several other diseases or complications, such as diabetes and Cardiovascular Diseases (CVDs).

Key Insights & Findings from the report:

• The advanced wound dressing product segment dominated the market accounting for the maximum revenue share in 2021, owing to a rise in the number of diabetic pressure ulcer patients.
• Based on active wound care, the biomaterials segment dominated the market and is expected to expand a considerable CAGR from 2022 to 2030.
• This growth can be attributed to rapid technological advancements and a rise in the number of burn cases across the globe.
• Based on application, the chronic wound segment is likely to witness the fastest CAGR during the forecast period owing to increasing cases of traumatic injuries.
• The hospital end-use segment dominated the market in 2021 owing to the high volume of surgical site infections among patients in hospitals.
• On the other hand, the home healthcare segment is anticipated to witness the fastest CAGR during the forecast period.
• North America was the dominant regional market in 2021 due to the increased volume of surgical procedures and technological advancements.

Read 90-page market research report, "Wound Care Market Size, Share & Trends Analysis By Product (Surgical, Traditional), By Application (Chronic, Acute Wounds), By End-use (Hospitals, Clinics), By Active Wound Care, And Segment Forecasts, 2022 - 2030", published by Grand View Research.

Wound Care Market Growth & Trends

As per the WHO, in 2016, over 1.9 billion adults were overweight, out of which, around 650 million people were obese and around 2.8 million people die each year due to obesity. Such instances are expected to increase the demand for bariatric procedures and other related surgeries, thereby, propelling the market growth. Furthermore, with the introduction of the COVID-19 vaccine, and the lifting of lockdown impositions, the market is expected to witness rapid growth in the coming years. Many elective surgeries, which were postponed are expected to take place. In addition, many leading manufacturers are introducing new products, which may help them capitalize on the increasing demand for wound care products during the forecast period.

Wound Care Market Segmentation

Grand View Research has segmented the global wound care market on the basis of product, active wound care, application, end-use, and region:

Wound Care Product (Revenue, USD Million, 2018 - 2030)

• Advanced Wound Dressing
• Surgical Wound Care
• Traditional Wound Care
• Wound Therapy Devices

Wound Care Active Wound Care (Revenue, USD Million, 2018 - 2030)

• Biomaterials
• Skin-substitute

Wound Care Application (Revenue, USD Million, 2018 - 2030)

• Chronic Wounds
• Acute Wounds

Wound Care End-use (Revenue, USD Million, 2018 - 2030)

·  Hospitals

• Specialty Clinics
• Home Healthcare
• Others

Wound Care Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• France
• Italy
• The Netherlands
• Spain
• Sweden
• Asia Pacific
• Japan
• China
• India
• Australia
• South Korea
• Taiwan
• Vietnam
• Thailand
• Malaysia
• Singapore
• Indonesia
• Philippines
• Latin America
• Mexico
• Brazil
• Argentina
• Middle East and Africa (MEA)
• South Africa
• Turkey
• Egypt
• Iran
• Israel
• Saudi Arabia
• UAE

List of Key Players of Wound Care Market

• Smith & Nephew
• Mölnlycke Health Care AB
• ConvaTec Group PLC
• Ethicon (Johnson & Johnson)
• Baxter International
• URGO Medical
• Coloplast Corp.
• Medtronic
• 3M
• Derma Sciences Inc. (Integra LifeSciences)
• Medline Industries
• Advancis Medical
• B. Braun Melsungen AG

Check out more related studies published by Grand View Research:

• Wound Dressing Market - The global wound dressing market is estimated to reach USD 12.9 billion by 2022 with a lucrative CAGR of 4.4% from 2015 to 2022. Rising prevalence of conditions such as leg ulcers, venous stasis ulcers, pressure ulcers, and diabetic ulcers, that require lesion management, are anticipated to boost global wound dressing market over the forecast period.
• Wound Care Centers Market - The global wound care centers market size is expected to reach USD 49.4 billion by 2026, expanding at a CAGR of 4.5%, according to a new report by Grand View Research, Inc. Growing prevalence of diabetic ulcers on a global scale, along with rising number of sports-related injuries, is expected to drive the market.
• Animal Wound Care Market - The global animal wound care market size is expected to reach USD 1.5 billion by 2028. The market is expected to expand at a CAGR of 6.4% from 2021 to 2028. Increased demand for non-invasive surgeries and the growing prevalence of chronic diseases are propelling the growth.

Browse through Grand View Research's Medical Devices Industry Research Reports.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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SOURCE Grand View Research, Inc.