Wound Care Market Worth $29.6 Billion by 2030 at CAGR 4.1%: Grand View Research, Inc.

SAN FRANCISCO, July 26, 2022 /PRNewswire/ -- The global wound care market size is expected to total USD 29.6 billion by 2030 with a CAGR of 4.1% from 2022 to 2030, according to a new report by Grand View Research Inc. The increasing aging population coupled with the rising number of diabetic patients are the factors burgeoning the demand for wound care. As well as the growing number of surgical cases among the geriatric population is augmenting the market growth.

Key Industry Insights & Findings from the report:

• The advanced wound dressing segment accounted for the largest market revenue share of 34.6% in 2021. The segment is anticipated to showcase growth at a considerable rate during the forecast period. The demand for this segment has risen due to the multiplying burn cases.
• The surgical wound care segment is expected to exhibit growth at a CAGR of 4.3% during the forecast period owing to the growing surgical cases and the infections prevailing due to them.
• The chronic wound section accounted for over 59.9% of the total market in 2021 The segment is estimated to continue its dominance during the forecast period.
• The acute wound segment to grow at a CAGR of 4.24% over the projected period.
• By end-use, in 2021, the hospital segment accounted for over 45.3% of the total market revenue share.
• The home healthcare section is estimated to surge at a CAGR of 4.9% during the forecast period.
• By region, the market in North America accumulated a revenue share of 45.4% in 2021.
• The market in the Asia Pacific to expand at a CAGR of 4.8% during the forecast period.

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

Wound Care Market Growth & Trends

In today's world, the changing lifestyle and unhealthy eating habits have impacted the health of most populations across the world. Being obese or overweight has become the most concerning health issue, leading to the early adoption of diseases by the body. Moreover, cases of traumatic injuries are growing at a fast pace. These health problems are leading to a rise in the number of cardiovascular diseases and diabetes.

Key companies operating in the market are focusing on initiatives for the development of products and geographic expansion of the market across the globe. Increasing awareness regarding general healthcare and related issues are key strategies implied by key players to increase market revenue.

Wound Care Market Segmentation

Grand View Research has segmented the wound care market based on product, application, end-use, and region:

Product Outlook (Revenue, USD Million, 2018 - 2030)

• Advanced wound dressing
• Foam dressings
• Hydrocolloid dressings
• Film dressings
• Alginate dressings
• Hydrogel dressings
• Collagen dressings
• Other advanced dressings
• Surgical wound care
• Sutures & staples
• Tissue adhesive and sealants
• Anti-infective dressing
• Traditional wound care
• Medical tapes
• Cleansing agents
• Wound therapy devices
• Negative pressure wound therapy
• Oxygen and hyperbaric oxygen equipment
• Electric stimulation devices
• Pressure Relief Devices
• Others

Application Outlook (Revenue, USD Million, 2018 - 2030)

• Chronic wounds
• Diabetic foot ulcers
• Pressure ulcers
• Venous leg ulcers
• Other chronic wounds
• Acute wounds
• Surgical & traumatic wounds
• Burns

End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals
• Specialty Clinics
• Home healthcare
• Others

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

• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• France
• Italy
• Netherlands
• Spain
• Sweden
• Asia Pacific
• Japan
• China
• India
• South Korea
• Taiwan
• Australia
• 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 in the Global 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:

• Acute Wound Care Market - The global acute wound care market size is expected to reach USD 11.96 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.24% from 2022 to 2030. A rise in burn incidence cases, an increase in the global geriatric population, and rising cases of traumatic accidents are expected to be the key driving factors for the market.
• Advanced Wound Care Market - The global advanced wound care market size is anticipated to reach USD 10.8 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.4% from 2022 to 2030. An increase in the aging population and the increasing number of diabetic patients are some major factors driving this market's growth. For instance, according to Administration for Community Living's profile on older Americans, the U.S. population aged 65 and above was estimated to be 54.1 million in 2019, which is about 19% of the U.S. population. This population increased by about 36% from 2009 to 2019 and is projected to reach 80.8 million by 2040, and 94.7 million by 2060. As the elder population is more prone to wounds, an increasing number of elder populations is anticipated to propel the market growth during the forecast period.
• U.S. Wound Care Centers Market - The U.S. wound care centers market size is expected to reach USD 18.1 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.3% from 2021 to 2028. The increasing awareness regarding the use of Hyperbaric Oxygen Therapy (HBOT), for chronic injuries and the growing geriatric population prone to various conditions, is anticipated to drive the market. According to a report by the U.S. Census Bureau, in June 2020, the geriatric population grew by around 34.2% over the last decade.

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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