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Wound Care Centers Market Drivers, Size & Growth Insights 2024-2033
Wound Care Centers Market Drivers
As per the report, the wound care centers market size has grown strongly in recent years. It will grow from $40.92 billion in 2023 to $43.09 billion in 2024 at a compound annual growth rate (CAGR) of 5.3%. The wound care centers market size is expected to see strong growth in the next few years. It will grow to $53.18 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%.
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Rising Incidence Of Chronic Wounds Is Driving The Growth Of Wound Care Center Market
The rising incidence of chronic wounds is expected to propel the growth of the wound care center market going forward. Chronic wounds are those that do not heal within the predicted timeframe, which is usually three months, despite receiving appropriate care. Chronic wound incidences are rising due to the increasing prevalence of diabetes and obesity, which impair healing processes and contribute to complications. Chronic wounds require advanced treatments typically available in specialized wound care centers, which also provide psychosocial support to help patients cope with the emotional and psychological aspects of their condition. For instance, in July 2023, according to OSF HealthCare, a US-based healthcare company, approximately 6.7 million people currently live with chronic wounds, which is expected to increase by 2% per year over the next decade. Therefore, the rising incidence of chronic wounds is driving the growth of the wound care center market.
Revolutionizing Wound Care With Advanced Outpatient Clinics
Major companies operating in the wound care center market are developing outpatient wound care clinics to provide specialized care for complex and chronic wounds, including diabetic foot ulcers and venous stasis ulcers. Outpatient wound care clinics are specialized medical facilities that eliminate facility expenses and cut travel time, allowing patients to finish their treatment without relapsing. For instance, in January 2024, Jovive Health, a US-based healthcare company, launched Jovive wound care outpatient clinics in Mission Viejo and Loma Linda, CA. This advanced wound care clinic offers advanced wound assessment and management, personalized treatment plans, and access to specialized medical professionals utilizing high-resolution imaging and digital wound measurement systems. It uses cutting-edge technology, such as its custom-built Wound Care Analytics (WCA) platform, to visually monitor wound size, progress, and closure rates over time. This improves patient outcomes and gives referring doctors detailed documentation and analytic reports.
The wound care centers market covered in this report is segmented -
1) By Type: Hospitals, Clinics
2) By Wound Type: Acute Wound, Chronic Wound
3) By Procedure: Debridement, Negative Pressure Wound Therapy, Compression Therapy, Hyperbaric Oxygen Therapy, Specialized Dressings, Infection Control
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Major companies operating in the wound care centers market are UPMC Wound Healing Services, Mayo Clinic Health System, Cleveland Clinic, Mercy Health, Vanderbilt University Medical Center, Banner Health, Novant Health, Kindred Healthcare, Orlando Health, Emory Healthcare, Hartford HealthCare, Sentara Health, Hologic, Memorial Hermann, Texas Health Resources, OSF HealthCare, Amedisys, Stormont Vail Health, Healogics Inc., RestorixHealth, OakBend Medical Center, EmergeOrtho, Byram Healthcare, Shared Health Services Inc., Woundtech, Jovive Health
Contents of the report:
1. Executive Summary
2. Wound Care Centers Market Report Structure
3. Wound Care Centers Market Trends And Strategies
4. Wound Care Centers Market - Macro Economic Scenario
5. Wound Care Centers Market Size And Growth
…..
27. Wound Care Centers Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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