Press release
Advanced Wound Care Market Size Projected To Reach $15.37 Billion By 2034 With A Cagr Of 7.2%
Advanced Wound Care
What Is the Projected Growth of the Advanced Wound Care Market?
In recent times, there has been considerable growth in the advanced wound care market. This market is expected to expand from its size of $10.93 billion in 2024 to $11.65 billion in 2025, indicating a compound annual growth rate (CAGR) of 6.6%. Factors that have substantially contributed to historical growth include the rate of chronic diseases, escalation of surgical procedures, enhanced awareness about wound care, government intervention in healthcare, and the preference of patients for non-invasive treatments.
Anticipations suggest that the advanced wound care market will experience significant expansion in the coming years, potentially reaching a valuation of $15.37 billion in 2029. This suggests a compound annual growth rate (CAGR) of 7.2%. The prediction for this growth during the forecast period can be linked to factors such as an escalating count of chronic wounds, the incorporation of telemedicine and remote patient surveillance, the increasing prominence of personalized and precision medicine, supportive regulatory frameworks for innovation, and a focus on value-based healthcare. Key trends expected to shape the market during this period include the introduction of intelligent technologies, smart wound dressings with monitoring features, telemedicine's integration into wound care, the advent of bioactive and antimicrobial dressings, and advancements in wound closure techniques.
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What Are the Different Advanced Wound Care Market Segments?
The advanced wound care market covered in this report is segmented -
1) By Product: Moist, Antimicrobial, Active
2) By Application: Chronic Wounds, Acute Wounds
3) By End User: Hospitals, Specialty Clinics, Home Healthcare, Other Types
Subsegments:
1) By Moist: Hydrocolloid Dressings, Hydrogels, Foam Dressings
2) By Antimicrobial: Silver-Infused Dressings, Honey-Infused Dressings, Iodine-Containing Dressings
3) By Active: Negative Pressure Wound Therapy (NPWT), Bioengineered Skin Substitutes, Electrical Stimulation Devices
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What Are the Primary Drivers Shaping the Advanced Wound Care Market?
The advanced wound care devices market is anticipated to expand due to a surge in the number of surgeries being performed. Surgeries, which involve opening the body to repair or remove damaged areas in humans or animals to treat diseases or injuries, benefit from advanced wound care devices. These devices aid in enhancing the patient's metabolism and oxygen flow while treating wounds during surgery. As an example, the British Association of Aesthetic Plastic Surgeons, a surgical body out of the UK, reported that in 2022, the number of cosmetic surgeries performed in the UK was 31,057, showing a remarkable 102% rise from the prior year. Consequently, the uptick in surgeries is fueling the growth of the advanced wound care devices market.
Which Companies Are Leading in the Advanced Wound Care Market?
Major companies operating in the advanced wound care market include Integra Lifesciences Corp., Molnlycke Health Care, Johnson And Johnson Services Inc., Medline Industries Inc., Medtronic plc, Organogenesis Holdings Inc., Smith & Nephew plc, B. Braun Melsungen AG, Coloplast A/S, ConvaTec Group plc, Hollister Incorporated, URGO Medical Ltd., Lohmann And Rauscher GmbH & Co. KG, MiMedx Group Inc., Zimmer Biomet Holdings Inc., Misonix Inc., Cardinal Health Inc., BSN medical GmbH, Paul Hartmann AG, Nestlé Health Science SA, AstraZeneca plc, Johnson & Johnson Medical Devices group, Becton, Dickinson and Company, Lohmann & Rauscher International, Beiersdorf AG, Hologic Inc.
What Are the Major Trends Shaping the Advanced Wound Care Market?
The rise of technological innovation is an emerging trend in the advanced wound care devices industry. Leading organizations in this sector are adopting novel technologies to solidify their market foothold. For example, in September 2022, Colzyx Ab, a Scandinavian-based wound care device company, introduces an innovative wound matrix known as WOUNDCOM. This matrix comprises effector molecules which represent the active components of the biological host-defense protein known as human collagen VI. These molecules have been adapted to commence, galvanize, and moderate physiological wound-healing processes and simultaneously display pronounced antimicrobial properties. The effector molecules in Colzyx's products not only enhance wound healing, but also perform a broad-spectrum antimicrobial activity against typical and multidrug-resistant bacteria, thereby alleviating pain and eliminating bacteria from the wound.
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What Are the Top Revenue-Generating Geographies in the Advanced Wound Care Market?
North America was the largest region in the advanced wound care devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the advanced wound care devices market report during the forecast period. The regions covered in the advanced wound care devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Advanced Wound Care Market?
2. What is the CAGR expected in the Advanced Wound Care Market?
3. What Are the Key Innovations Transforming the Advanced Wound Care Industry?
4. Which Region Is Leading the Advanced Wound Care Market?
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