Wound Care Market is expected to reach US$ 25.4 billion by 2031 | Major Companies - Smith & Nephew PLC. , Molnlycke Health Care Ab, Baxter International Inc.

Market Size and Growth:

The Global Wound Care Market Size reached US$ 18.5 billion in 2023 and is expected to reach US$ 25.4 billion by 2031, growing with a CAGR of 4.5% during the forecast period 2024-2031. According to DataM Intelligence Report.

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The Wound Care Market encompasses products, technologies, and services designed for the treatment, management, and healing of acute and chronic wounds, including burns, surgical wounds, and diabetic ulcers. It includes advanced dressings, bandages, negative pressure therapy devices, and topical treatments. Growth is driven by rising chronic diseases, surgical procedures, aging populations, and technological innovations in wound management.

United States: Recent Developments of Wound Care Market

✅ In November 2025, Smith & Nephew launched the CENTRIO Platelet-Rich-Plasma (PRP) System, extending its Advanced Wound Bioactives portfolio to enhance healing outcomes for hard-to-heal wounds through clinically proven biological solutions.

✅ In November 2025 (last patient visit), PolarityBio completed the pivotal Phase III COVER DFUS II trial of SkinTE, an autologous heterogeneous skin construct for Wagner Grade 1 diabetic foot ulcers, with final results expected in Q1 2026 to support a biologics license application.

✅ In September 2025, Smith & Nephew began a $135 million expansion of its Maine wound care facility to boost production capacity amid growing demand.

Europe: Recent Developments of Wound Care Market

✅ In September 2025, AVITA Medical received CE Mark approval under EU MDR for RECELL GO, enabling commercialization of the Spray-On Skin Cells device for acute wounds like burns and trauma in key markets including Germany, Italy, and the UK.

✅ In September 2025, Convatec secured EU regulatory clearance for Aquacel ConvaFiber, a next-generation Hydrofiber dressing for acute and chronic wounds such as venous leg ulcers and pressure injuries, with launch planned for 2026.

✅ In September 2025, the European Wound Management Association (EWMA) released its November issue of the Journal of Wound Management, featuring 12 new articles on advancements in wound care practices and research.

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Recent FDA / Regulatory Approvals or Clearances in 2025:

✅ November 2025: Rapid Nexus announced that the "Hemastyl gel device" has obtained FDA 510(k) clearance - described as the first device targeting the periwound tissue (the tissue surrounding chronic wounds), a shift beyond surface‐level wound care toward treating underlying tissue dysfunction that impedes healing.

✅ October 2025: HemastylTM Wound Dressing (by Rapid Nexus Nanotech Wound Solutions, Inc.) submitted 510(k) pre‐market notification. Decision date on record is Oct 14, 2025.

✅ January 2025: DermiSphereTM hDRT hydrogel Dermal Regeneration Template (by Fesarius Therapeutics Inc.) received 510(k) clearance. This advanced collagen‐based dermal regeneration template is indicated for a wide variety of wounds from ulcers (diabetic ulcers, venous ulcers), pressure ulcers, surgical wounds, burns, to trauma wounds.

Mergers, Acquisitions, Strategic Investments & Market Moves in 2025:

✅ July 2025: Mölnlycke also took a strategic equity stake (US $15 million via PIPE) in MediWound Ltd. a company focused on enzymatic therapeutics for non-surgical wound debridement and tissue repair.

✅ June 2025: Mölnlycke Health Care announced a large expansion of its wound‐care manufacturing capacity in Brunswick, Maine (USA) amounting to €115 million, strengthening global manufacturing for its wound care products.

Major Players:

Key companies in the Wound Care market include:

Smith & Nephew PLC.
Molnlycke Health Care Ab
Baxter International Inc.
Acelity L.P. Inc.
Integra Lifesciences Holding Corporation
Coloplast A/S
Ethicon Inc
3M
Medline Industries, LP.
Convatec Group.

Segments Covered in the Wound Care Market:

By Product: Advanced Wound Dressings, Surgical Wound Dressings, Traditional Wound Dressings, Film Dressings, Alginate Dressings, Hydrogel Dressings.

By Wound Type: Diabetic Foot Ulcers, Pressure Ulcers, Surgical & Traumatic Wounds, Venous Leg Ulcers, Burns, Other Wounds.

By End-User: Hospitals, Specialty Clinics, Home Care Settings, Others.

Regional Analysis for Wound Care Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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Chapter Outline:

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Wound Care market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Wound Care Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Wound Care market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Wound Care Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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Frequently asked questions:

➠ What is the global sales value, production value, consumption value, import and export of Wound Care market?

➠ Who are the global key manufacturers of the Wound Care Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?

➠ What are the Wound Care market opportunities and threats faced by the vendors in the global Wound Care Industry?

➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

➠ What focused approach and constraints are holding the Wound Care market?

➠ What are the different sales, marketing, and distribution channels in the global industry?

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