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  • Wound Care Treatment Market Global Analysis | 2023-2028

    Wound Care Treatment Market Global Analysis | 2023-2028

    Wound Care Treatment Market Global Analysis | 2023-2028
    Report code - SRHL294 Delivery - 2 Weeks
    Global Wound Care Treatment Market Size, Share, Trends, Dynamics, Forecast, & Gro See more...

    "The Wound Care Treatment Market is expected to reach USD 27.36 billion by 2028 from USD 21.33 billion in 2022 at a healthy CAGR of 4.19% during the forecast period of 2023-2028".

    Wound Care Treatment Market Size

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    Market Dynamics

    Introduction

    Wound care treatment involves products used to treat various chronic & acute wounds including surgical & traumatic wounds, burn wounds, diabetic foot ulcers, and pressure ulcers among others. The commonly used products to treat wounds include foam dressings, film dressing, sutures & staples, anti-infective dressing, medical tapes, oxygen & hyperbaric oxygen equipment, and pressure relief devices among others.

    Wound Care Treatment Market Report Overview 

    Market Size in 2022

    US$ 21.33 Billion

    Market Size in 2028

    US$ 27.36 Billion

    Market Growth by 2023-2028

    CAGR of 4.19%

    Base Year of Study

    2022

    Trend Period

    2018-2021

    Forecast Period

    2023-2028

     

    Market Drivers

    The global market growth is primarily driven by the increasing prevalence of chronic diseases due to changing lifestyles, stress, and unhealthy eating habits coupled with expanding geriatric population across geographies.

    • Increasing consumption of alcohol and smoking are also likely to result in a rise in the prevalence of non-communicable diseases and thus, propel the market growth.
    • The growing usage of wound care products to prevent surgical site infections is expected to contribute to the market growth substantially.
    • Rising demand for advanced wound care products is likely to create lucrative growth opportunities for the players operating in the global market.

    Wound Care Treatment Market Snapshot

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    Covid-19 Impact 

    The COVID-19 outbreak posed significant challenges to the healthcare system across geographies. It affected the growth of the market negatively for a short period due to the imposition of lockdown as it resulted in trade restrictions and supply chain disruptions.

    Also, many non-essential medical and surgical procedures including wound treatment were halted, affecting the market growth. However, the continuous care of a chronic wound is essential to avoid any sort of infection.

    Thus, the demand for chronic wound care products was not affected to a greater extent than other types of wounds.

    Segment Analysis

    Application Trend

    "Chronic Wound segment held the largest share of >60% of the market in 2022"

    The Chronic Wound segment held the largest share of the market in 2022 and is projected to grow at a healthy CAGR during the forecast period. The segment growth is expected to be driven by the rising prevalence of chronic wounds such as diabetic foot ulcers, venous pressure ulcers, and others, alongside the increasing geriatric population.

    End User Trends

    "Hospitals segment held the largest share of >45% of the market in 2022"

    The Hospitals segment held the largest share of the market in 2022 and is projected to continue its dominance during the forecast period. The segment growth can be attributed to widespread product usage and the rising number of hospitals and clinics.

    Regional Trend

     "North America dominated the wound care industry with the largest share of >45% of the market in 2022"

    The market in North America dominated the wound care industry with the largest share in the market. The regional market growth can be attributed to rising incidences of injuries and the presence of many of the geriatric populace. Additionally, the presence of established healthcare infrastructure is expected to propel market growth further. The market in the Asia-Pacific region is projected to register a healthy growth rate on account of increasing healthcare spending and the rapidly growing medical tourism industry.

    Segmentation

    This report studies the market covering 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

    The market is segmented into the following categories. 

    By Product

    • Wound Therapy Devices
    • Traditional Wound Care Products
    • Active Wound Care Products

    By Application 

    • Chronic
    • Acute

    By End-User

    • Hospitals
    • Clinics
    • Trauma Centers

    By Region

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and the Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Key Players

    The following are the key players in the Wound Care Treatment Market (arranged alphabetically)The 3M Company (The U.S)

    • B. Braun Melsungen AG (Germany)
    • Baxter International, Inc. (The U.S
    • Advancis Medical USA LLC (The U.S
    • Acelity L.P. Inc. (The U.
    • ConvaTec Group plc (UK
    • Coloplast Corp. (The U.
    • Derma Sciences, Inc. (U
    • Johnson & Johnson (US
    • Smith & Nephew Plc (U
    • Mölnlycke Health Care AB (Sweden
    • Medline Industries, Inc. (The U.S
    • Medtronic plc (The U
    • Smith & Nephew Plc (UK)

    Note: The above list does not necessarily include all the top players in the market.

    Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

    Report Features

    This report provides intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the dynamics and will enable strategic decision-making for the existing players as well as those willing to enter the global market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Wound Care Treatment Market 

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirements?

    10% free customization

    Research Methodology

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

    We conducted more than 10 detailed primary interviews with the lithium-ion battery market players across the value chain in all four regions and with industry experts to obtain both

    Customization Option

    Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: 

    Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    Wound care treatment involves products used to treat various chronic & acute wounds including surgical & traumatic wounds, burn wounds, diabetic foot ulcers, and pressure ulcers among others. The commonly used products to treat wounds include foam dressings, film dressing, sutures & staples, anti-infective dressing, medical tapes, oxygen & hyperbaric oxygen equipment, and pressure relief devices among others.

    The wound tare treatment market is expected to reach USD 27.36 billion by 2028 from USD 21.33 billion in 2022.

    The market is expected to grow at a CAGR of 4.19% during the forecast period.

    Some of the major players in the market are Smith & Nephew Plc (UK), Johnson & Johnson (US), Derma Sciences, Inc. (US), Mlnlycke Health Care AB (Sweden), B. Braun Melsungen AG (Germany), Baxter International, Inc. (The U.S), Acelity L.P. Inc. (The U.S), Coloplast Corp. (The U.S), Medline Industries, Inc. (The U.S), Medtronic plc (The U.S), ConvaTec Group plc (UK), The 3M Company (The U.S), and Advancis Medical USA LLC (The U.S).

    North America dominated the wound care industry with the largest share of ~45% of the market in 2022.