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  • Global Wound Care Treatment Market Report | 2023-2028

    Global Wound Care Treatment Market Report | 2023-2028

    Global Wound Care Treatment Market Report | 2023-2028
    Report code - SRHL294 Delivery - 2 Weeks
    Global Wound Care Treatment Market Size, Share, Trends, Growth, and Forecast | 2023-2028
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    Market Insights

    The Global 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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    What is Wound Care Treatment?

    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.

    Global Wound Care Treatment Market Highlights

    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

    Dominant Region

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

    Segments

    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, Europe, Asia-Pacific, and the Rest of the World).

    Key Players

    Some of the major players in the global market are-

    • Baxter International, Inc. (The U.S)
    • Johnson & Johnson (US)
    • Smith & Nephew Plc (UK)
    • Derma Sciences, Inc. (US)
    • Mölnlycke Health Care AB (Sweden)
    • B. Braun Melsungen AG (Germany)
    • 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)
    • Advancis Medical USA LLC (The U.S).

    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.
    • 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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    Market Segmentation

    Application Trends

    The market has been divided into Chronic and Acute.

    The Chronic Wound segment held the largest share of ~60% 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

    The market has been divided into hospitals, clinics, and trauma centers.

    The Hospitals segment held the largest share of ~45% 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.

    Wound Care Treatment Market Segments

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    Regional Trends

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

    Covid-19 Impact

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

    Also, many non-essential medical and surgical procedures including wounds treatment were put on a halt which affected 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 as compared to other types of wounds.

    Critical Questions answered in this report -

    • What are the key trends in the market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the market?
    • What are the key strategies adopted by the major vendors to lead in the market?
    • What is the market share of the top vendors?

    Report Features

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

    Report – Features

    Market Segmentation

    04

    Regions Covered

    04

    Countries/Sub-Regions Covered

    14

    No. of Figures & Tables

    >120

    Company Profiles

    13

     

    The following are the key features of the report:

    • Overview, industry life cycle analysis, supply chain analysis.
    • Environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Trend and forecast analysis.
    • Segment trends and forecast.
    • Competitive landscape and dynamics: Market share, product portfolio, Technology launches, etc.
    • Attractive segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

    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 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Target Audience

    The following is a list of the customers that the market aims to convert the most:

    • Manufacturers
    • Suppliers
    • Distributors
    • Organizations
    • Government bodies

    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.

    The market growth is primarily driven by increasing prevalence of chronic diseases due to changing lifestyle, stress, and unhealthy eating habits coupled with expanding geriatric population across geographies. Additionally, increasing consumption of alcohol and smoking are also likely result in rise in prevalence of non-communicable diseases and thus, propel the market growth. Growing usage of wound care products to prevent surgical site infections is expected to contribute to the market growth substantially. Furthermore, rising demand for advanced wound care products is likely to create lucrative growth opportunities for the players operating in the global wound care treatment market.