Wound Care Market is expected to reach US$ 25.4 billion by 2031 | Major Companies - Smith & Nephew PLC., Baxter International Inc., Ethicon Inc, 3M.

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.

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The Wound Care Market encompasses products and technologies designed to treat, manage, and accelerate the healing of acute and chronic wounds, including burns, surgical wounds, diabetic ulcers, and pressure injuries. It includes advanced dressings, topical treatments, negative pressure wound therapy, and bioengineered skin substitutes. Market growth is driven by rising chronic disease prevalence, aging populations, and advancements in wound management solutions.

Recent Key Developments of United States:

December 2025: CMS Updates LCDs for Skin Substitutes:

✅ CMS released an updated fact sheet on December 12, 2025, detailing final Local Coverage Determinations (LCDs) for skin substitutes in treating DFUs and VLUs, effective January 1, 2026, categorizing products by evidence levels for coverage.​

December 2025: Zegenex Receives Investment for Chronic Wound Cream:

✅ Zegenex secured a $215,000 investment from the Richard King Mellon Foundation in December 2025 to advance preclinical testing of Zegen-15, a small-molecule cream targeting diabetic foot ulcers and other chronic wounds.​

October 2025: CMS Finalizes Skin Substitute Reimbursement Policy:

✅ CMS issued the CY 2026 PFS final rule on October 31, 2025, modernizing payments for skin substitutes in physician offices to cut waste and improve accuracy, capping reimbursements at a flat rate of about $127.28 per square centimeter effective January 2026.​

Recent Key Developments of Europe:

✅ December 2025: Profusa partnered with MedSell to commercialize Lumee Oxygen tissue monitoring in France on December 30, expanding to hospital and community settings for critical limb ischemia.​
This builds on existing EU distributors, targeting over 200,000 annual cases.​

✅ November 2025: Mölnlycke Health Care was elected to lead the Wound Care Sector Working Group at MedTech Europe, aiming to prioritize chronic wound care in EU policies.​
The initiative focuses on awareness, resource allocation, and professional education.​

List of the Key Players in the Wound Care Market:

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.

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This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

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:

⇥ 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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People Also Ask:

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