wound care Market worth USD 27.7 billion by 2031 - Leading Key Players - 3M Company (U.S.), Smith & Nephew PLC (UK), Cardinal Health (U.S.), Medtronic PLC (Ireland), B. Braun Melsungen

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.

Global wound care report from Global Insight Services is the single authoritative source of intelligence on 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 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. The most widely used wound care product include hydrogels, hydrocolloids, alginates, film & foam dressings and others.

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Major Players in the Global Wound Care Market
The key players in the market are 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), Paul Hartmann AG (Germany), Coloplast A/S (Denmark), Integra Life Sciences Holdings Corporation (U.S.), Bioventus (U.S.), Zimmer Biomet Holdings, Inc. (U.S.), Ethicon, Inc. (U.S.), Lohmann & Rauscher GmbH & Co. KG (Germany), Mölnlycke Health Care AB (U.S.) and Medline Industries, Inc. (U.S.) among others.

Global Wound Care Market Segmental Overview
The report analyses global wound care market based on product, application, end-user, and region.

Global Wound Care Market by Product
Based on product, it is segmented into wound dressings, wound therapy devices and others. The wound dressing segment is likely to account for the majority of the market share during the forecast period. The key factor attributing the growth of the market is rising number of road accidents. For instance, according to NCRB data, in 2019, traffic incidents resulted in around 1,81,113 fatalities and 4,42,996 injuries.

Global Wound Care Market by Application
Based on application, it is segmented into diabetic wounds, skin burn wounds, pressure wounds, surgical wounds, venous legs ulcers and others. The diabetic wound segment is likely to dominate the market during the forecast period. The largest share of the segment is attributed to the rising geriatric population and surging prevalence of diabetes among adults. For instance, according to the National Diabetes Statistics Report published in 2020,

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