Wound Care Market Size, Share, Trends and Forecast 2023-2028
How big is the wound care market?
The global wound care market size reached US$ 21.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 28.3 Billion by 2028, exhibiting a growth rate (CAGR) of 5.01% during 2023-2028.
What is wound care?
The medical care given to treat wounds or the harmed tissues beneath them is referred to as wound care. It includes ongoing inspection and monitoring of the wound healing process to make sure it heals properly and to spot any potential issues. Some interventions are employed to boost the healing process, including pain management, topical or oral antibiotics, and nutritional support. They help lessens the risk of infection, accelerate the recovery process, and enhance the overall quality of life for patients with acute or chronic wounds. Owing to these benefits, wound care solutions are widely adopted in clinics, hospitals, home care settings, and long-term facilities.
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What are the growth prospects and trends in the wound care industry?
The market is primarily being pushed by the rise in cases of chronic trauma brought on by accidents on the road, natural disasters, and other chronic wounds such pressure ulcers and diabetic foot ulcers. Additionally, there is a greater need for wound care to promote quicker healing and avoid infections due to the increase in surgical operations as well as the increased concern for post-operative surgical wounds. Moreover, the widespread adoption of advanced wound care products, such as antimicrobial dressings, negative pressure wound therapy, and bioactive dressings, to effectively minimize the risk of infection and promote healing, represents another major growth-inducing factor. Besides this, the introduction of novel moist wound dressing variants by key players based on synthetic polymers and the launch of innovative wound care products with enhanced efficacy, patient comfort, and ease of use, such as smart dressings that can monitor healing and alert healthcare providers to any complications, is also creating a favorable market outlook.
What is included in market segmentation?
The report has segmented the market into the following categories:
Product Type Insights:
Advance Wound Care Products
Surgical Wound Care Products
Tissue Adhesive, Sealants & Hemostats
Traditional Wound Care Products
Active Wound Care Products
Biological Skin Substitutes
Wound Therapy Devices Products
Negative Pressure Wound Therapy
Oxygen and Hyperbaric Oxygen Equipment
Electric Stimulation Devices
Pressure Relief Devices
Wound Assessment & Monitoring Devices
Wound Type Insights:
Venous Leg Ulcers
Surgical Traumatic Wounds
End User Insights:
Hospitals & Clinics
Long-Term Care Facilites
Home Care Setting
Breakup by Region:
Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
Baxter International Inc.
Braun Melsungen Aktiengesellschaft
Cardinal Health, Inc.
ConvaTec Group PLC
Johnson & Johnson
Medtronic Public Limited Company
Mölnlycke Health Care AB
Paul Hartmann AG
Smith & Nephew PLC
3M Company etc.
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