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Wound Care Market worth $33.12 billion by 2030, growing at a CAGR of 5.31% - Exclusive Report by 360iResearch

03-04-2024 10:33 AM CET | Health & Medicine

Press release from: 360iResearch

Wound Care Market | 360iResearch

Wound Care Market | 360iResearch

The "Wound Care Market by Product (Advanced Wound Dressing, Surgical Wound Care, Traditional Wound Care Products), Devices (Electric Stimulation Devices, Hyperbaric Oxygen Equipment, Negative Pressure Wound Therapy Systems), Offering Type, Application, End User - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Wound Care Market to grow from USD 23.05 billion in 2023 to USD 33.12 billion by 2030, at a CAGR of 5.31%.

Request a Free Sample Report @ https://www.360iresearch.com/library/intelligence/wound-care?utm_source=openpr&utm_medium=referral&utm_campaign=sample

Wound care comprises a wide range of products, services, and technologies that facilitate the management and healing of various types of acute wounds, such as surgical incisions, lacerations, burns, and abrasions, and chronic wounds, including diabetic ulcers, pressure ulcers, venous ulcers, and arterial ulcers. The rising aging global population with higher cases of chronic conditions, including diabetes and obesity, leads to an increased prevalence of non-healing wounds, raising the need for effective wound care solutions. Increasing awareness among healthcare providers regarding effective wound management practices has reduced complications and improved patient outcomes. However, high costs associated with advanced wound care products and therapies may adversely impede their adoption by medical professionals and patients. Moreover, improvements in medical technology focusing on rapid healing solutions and the emergence of stem cell therapy in chronic wound healing are expected to proliferate the adoption of wound care solutions.

The wound care market is evolving in the Americas owing to increasing technological advancements, rising awareness regarding innovative treatments, and a growing geriatric population susceptible to chronic wounds. Additionally, rising incidences of diabetes and obesity contribute to the need for effective wound care solutions in the region. The European Union (EU) presents a substantial market for wound care products within the EMEA region fueled by investments in research and development to develop innovative medical devices and treatments related to wound management. Furthermore, an expanding diabetic population across Europe creates a need for improved treatment options to address this challenge. Furthermore, in the Middle East and Africa, rising healthcare expenditure by governments in countries and the need for effective wound healing solutions coupled with a rise in medical tourism are resulting in the adoption of advanced wound care products by medical professionals in the region. Increasing healthcare expenditure capabilities, improving healthcare infrastructure, and accessibility of medical solutions, including wound care treatment, are encouraging the growth of the wound care market in the APAC region. Additionally, novel biomaterials with enhanced mechanical properties are expected to improve the efficacy of wound healing and increase the use of wound care products and solutions by medical professionals globally.

Market Segmentation & Coverage:

This research report categorizes the Wound Care Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Product, market is studied across Advanced Wound Dressing, Surgical Wound Care, and Traditional Wound Care Products. The Advanced Wound Dressing is further studied across Alginate Dressings, Collagen Dressings, Film Dressings, Foam Dressings, Hydrocolloid Dressings, and Hydrogel Dressings. The Surgical Wound Care is further studied across Anti-Infective Dressing, Sutures & Staples, and Tissue Adhesive & Sealants. The Traditional Wound Care Products is further studied across Bandages, Cleansing Agents, Cotton, Gauzes, Medical Tapes, and Sponges. The Advanced Wound Dressing commanded largest market share of 38.90% in 2023, followed by Traditional Wound Care Products.

Based on Devices, market is studied across Electric Stimulation Devices, Hyperbaric Oxygen Equipment, Negative Pressure Wound Therapy Systems, Oxygen & Hyperbaric Oxygen Equipment, and Pressure Relief Devices. The Electric Stimulation Devices commanded largest market share of 30.64% in 2023, followed by Oxygen & Hyperbaric Oxygen Equipment.

Based on Offering Type, market is studied across Non-prescribed (OTC) and Prescribed. The Prescribed commanded largest market share of 56.75% in 2023, followed by Non-prescribed (OTC).

Based on Application, market is studied across Acute Wounds and Chronic Wounds. The Acute Wounds is further studied across Burn Wounds and Surgical & Traumatic Wounds. The Chronic Wounds is further studied across Diabetic Foot Ulcers, Pressure Ulcers, and Venous Leg Ulcers. The Chronic Wounds commanded largest market share of 73.56% in 2023, followed by Acute Wounds.

Based on End User, market is studied across Home Healthcare, Hospitals, Specialty Clinics, and Trauma Centers. The Hospitals commanded largest market share of 39.78% in 2023, followed by Specialty Clinics.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 38.17% in 2023, followed by Europe, Middle East & Africa.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Wound Care Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Wound Care Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Wound Care Market, highlighting leading vendors and their innovative profiles. These include 3M Company, Advanced Medical Solutions Group PLC, Advancis Medical, Argentum Medical, LLC, AVERY DENNISON CORPORATION, Axio Biosolutions Pvt. Ltd., Azelis Group, B. Braun SE, Baxter International Inc., Bayer AG, Becton, Dickinson and Company, Cardinal Health, Inc., Coloplast A/S, Convatec Limited, Cypress Medical Products LLC, Essity AB, Gentell, Globus Medical, Inc., H&H Medical Corporation by Safeguard Medical Holdco, LLC, Healthium Medtech Limited, Hollister Incorporated, Integra LifeSciences Corporation, Invacare Corporation, JeNaCell by Evonik Industries AG, Johnson & Johnson Services, Inc., Lohmann & Rauscher GmbH & Co. KG, Medela AG, Medline Industries, LP, Medtronic PLC, Mölnlycke Health Care AB, Novo Nordisk A/S, PAUL HARTMANN AG, Smith & Nephew PLC, Stryker Corporation, Talley Group Ltd., Welcare Industries S.p.A, Winner Medical Co., Ltd., WoundEL Health Care, and Zimmer Biomet.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Wound Care Market, by Product
7. Wound Care Market, by Devices
8. Wound Care Market, by Offering Type
9. Wound Care Market, by Application
10. Wound Care Market, by End User
11. Americas Wound Care Market
12. Asia-Pacific Wound Care Market
13. Europe, Middle East & Africa Wound Care Market
14. Competitive Landscape
15. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Wound Care Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Wound Care Market?
3. What is the competitive strategic window for opportunities in the Wound Care Market?
4. What are the technology trends and regulatory frameworks in the Wound Care Market?
5. What is the market share of the leading vendors in the Wound Care Market?
6. What modes and strategic moves are considered suitable for entering the Wound Care Market?

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Contact 360iResearch

Mr. Ketan Rohom
Sales & Marketing,
Office No. 519, Nyati Empress,
Opposite Phoenix Market City,
Vimannagar, Pune, Maharashtra,
India - 411014.
sales@360iresearch.com
+1-530-264-8485
+91-922-607-7550

About 360iResearch

360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.

We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.

Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.

Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.

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