Advanced Wound Care Market is expected to reach $15.5 billion, growing at a CAGR of 5.5% between 2021 and 2031

Global Advanced Wound Care Market is expected to reach $15.5bn by 2031 growing at a CAGR of 5.5% between 2021 and 2031.

Global Advanced Wound Care Market report from Global Insight Services is the single authoritative source of intelligence on Advanced Wound Care Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

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Wound care management products are bifurcated into traditional wound care and advanced wound care products. Traditional wound care management is more preferred across the globe wherein health practitioners use wound care products like medical tapes, dressings, and bandage rolls to protect the wound from external factors and to prevent bleeding and infections. Advanced wound care products promote a natural healing process, without restraining the wound and comprise the use of foam dressings, alginates, hydrogels, and hydrocolloids. These products ensure beneficial wound healing, optimum oxygen flow, consistent temperature, and protection from external factors.

According to the UN Department of Economic and Social Affairs, in 2019, there were 703 million persons aged 65 years or over in the global population. This figure is projected to double to 1.5 billion in 2050. Globally, the share of the population aged 65 years or over increased from 6% in 1990 to 9% in 2019. That proportion is projected to rise further to 16% in 2050, when it is expected that one in six people across the globe will be aged 65 years or over. Such an intense rise in the population will create opportunities for advanced wound care as the wounds heal slowly and require high medical attention in geriatric people. So, in aged people, it becomes difficult to treat wounds owing to the high risk of infection, especially in cases of deep wounds.

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Growing prevalence of diseases & conditions affecting wound healing capabilities of the patients

Physical health conditions, like acute wounds, chronic wounds, and surgical wounds, have a passive effect on wound healing. The prevalence of acute, chronic, and surgical wounds has raised significantly over the past years, primarily due to the growing global traumatic wounds, an increasing number of surgeries, and the increasing prevalence of conditions like obesity and diabetes. Diabetes and obesity may increase the overall incidence and complexity of wounds like infections, ulcerations (leg or foot ulcers), and chronic wounds, which necessitate treatments (advanced wound management) and incur exorbitant medical expenses. Various advanced wound care products, like hydrophilic foam dressings, hydrogels, hydrofibers, and alginates, which can absorb up to 20 times their weight, enable rapid and more effective recovery from these conditions.

Market Segments:

- By Product:
Dressings
Devices & Accessories
Grafts & Matrices
Topical Agents

- By Wound Type:
Surgical & Traumatic Wounds
Diabetic Foot Ulcers
Pressure Ulcers
Venous Leg Ulcers
Burns & Other Wounds

- By End User:
Hospitals
Community Health Service Centers

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Key Players:

- 3M (Acelity Inc.)
- Adynxx, Inc.
- B Braun Melsungen AG
- Coloplast A/S
- ConvaTec Group plc
- Essity AB (BSN Medical GmbH)
- Integra Lifesciences (Derma sciences)
- Investor AB (Mölnlycke Health Care AB)
- Johnson & Johnson

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