Advanced wound care market is expected to reach US$ 13,241.8 million by 2028; registering at a CAGR of 4.6% from 2022 to 2028, according to a new research study conducted by The Insight Partners
Dressings Segment to Lead Market
The report highlights trends prevailing in the market and factors driving its growth. The market's growth is attributed to the rising geriatric population, increasing incidence of diabetic ulcers, and rising prevalence of chronic diseases across the globe. However, high costs of advanced wound care dressing products are hindering the growth of the global advanced wound care market.
Lucrative Regions for Advanced Wound Care Market
Advanced Wound Care Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: by Product (Dressings, Devices, and Bioactives), Wound Type (Surgical, Trauma, Burns, Ulcers, Diabetic Foot, and Others), and End User (Hospitals & Clinics, Ambulatory Surgical Centers, Wound Care Centers, and Others), and Geography (North America, Europe, Asia Pacific, and South and Central America)
Advanced Wound Care Market Share and Growth (2021-2031)
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Based on product, the global advanced wound care market is segmented into dressings, devices, and bioactives. The dressings segment is likely to hold the largest market share by 2025. The demand for wound dressings is rising, owing to the increasing technological advancements, rising surgical procedures, and increasing prevalence of chronic wounds across the globe. Advanced wound dressings made of synthetic components as well as from natural sources compared to standardized wound care products lead to faster wound healing and better patient outcomes. Advanced wound care techniques mainly absorb the moisture around the wound.
Based on wound type, the advanced wound care market is segmented into surgical trauma, burns, ulcers, diabetic foot, and others. The surgical segment is likely to hold the largest share by 2025, with a significant growth rate. The rapid growth of surgical procedures such as amputation is expected to aid the overall market growth. For instance, collagen wound fillers with antimicrobial silver properties manufactured by Covalon Technologies Ltd. are specifically designed to prevent the need for amputation. Antimicrobial collagen is mainly formulated to close wounds, address EPA, and prevent infection.
Smith & Nephew, Acelity L.P., Braun Melsungen AG, Integra Lifesciences Corporation, ConvaTec, and 3M are among the leading companies in the global advanced wound care market. The market is anticipated to flourish with the development of new innovative products by market players.
The report segments the advanced wound care market as follows:
The advanced wound care market is bifurcated into type and geography. Based on product, the global advanced wound care market is segmented into dressings, devices, and bioactives. In terms of wound type, the advanced wound care market is segmented into surgical trauma, burns, ulcers, diabetic foot, and others. Based on end user, the global advanced wound care market is segmented into hospitals & clinics, ambulatory surgical centers, wound care centers, and others. Based on geography, the advanced wound care market is segmented into North America (the US, Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, and the Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific), the Middle East & Africa (the UAE, Saudi Arabia, South Africa, and the Rest of the Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America).
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