Press release
Wound Care Market to grow with 4.7% CAGR during 2031 to 2031 | 3M Company (U.S.), Smith & Nephew PLC (UK), Cardinal Health (U.S.)
Wound Care Market
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The global wound care market was valued at USD 17.5 billion in 2021 and it is anticipated to grow up to USD 27.7 billion by 2031, at a CAGR of 4.7% during the forecast period.
Wound care is becoming a standard treatment option for chronic wounds. It helps to maintain moist environment, regulating temperature, allowing oxygen to flow, safeguarding the damaged location from external infection, and pain relief associated with dressing changes.
Market Trends and Drivers:
Over the past decade, there has been a noticeable rise in the prevalence of chronic wounds, as a result of the increasing elderly population across the globe along with the rising obesity and diabetes rates. Obesity and diabetes can result in an increased overall complexity and incidence of wounds including ulcerations (foot or leg ulcers), surgical wounds and infections, which require treatments and incur excessive medical costs.
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Global Wound Care Market Segmentation:
By Product
Wound Dressings
Antimicrobial Dressing
Hydrogel Dressings
Foam Dressings
By Application
Diabetic Wounds
Skin Burn Wounds
Pressure Wounds
Key Players:
3M Company (U.S.)
Smith & Nephew PLC (UK)
Cardinal Health (U.S.)
Medtronic PLC (Ireland)
B. Braun Melsungen AG (Germany)
Baxter International, Inc. (U.S.)
Convatec Group (UK)
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