The global wound care management market is projected to grow at a CAGR of over 6.0% during the forecast period. The key factor that drives the growth of the market includes the rising incidence of chronic wounds such as pressure ulcers, which in turn, creates the demand for wound care management products. As per the Agency for Healthcare Research and Quality (AHRQ), there has been a significant rise in the prevalence of pressure ulcers in the US since 2017. The rising incidence of wound infection and an increasing number of surgeries also develop demand for advance as well as traditional wound care products. Increasing incidence of wound infection due to burning injury and traumatic injury has been fueling the growth of the market across the globe. Thus, there is significant scope for the growth of the market during the forecast period.
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Further, the substantial rise in the prevalence of chronic diseases such as diabetes is one of the key factors that create scope for the growth of the market. For instance, according to the WHO, diabetes prevalence has been increasing steadily over the past three decades. In 2019, the diabetic population totaled around 463 million and this number is expected to increase up to 578 million by 2030 as per the International Diabetes Federation (IDF), which will further raise to 700 million by 2045. Besides, the increased number of the geriatric population is projected to rise, who are more prone to chronic diseases such as diabetes. They are more likely to experience any diabetes-related disorder such as diabetic foot ulcers, which thereby, creates the scope for the market growth during the forecast period.?
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Wound Care Management Market by Product
- Wound Care
- Dressings
- Wound Care Devices
- Topical Agents
- Wound Closure
- Suture
- Surgical Staplers
- Tissue Adhesive
- Others (Sealant and Glue)
Global Wound Care Management Market by Wound Type
- Chronic Wound
- Acute Wound
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- 3M Co.
- Acelity L.P. Inc.
- Aspen Surgical
- Braun Melsungen AG
- Baxter International Inc.
- BSN medical GmbH
- Cardinal Health, Inc.
- Coloplast A/S
- ConvaTec Group Plc
- Genadyne Biotechnologies Inc.
- Hollister, Inc.
- Integra Lifesciences Corp.
- Johnson and Johnson Services Inc.
- Medline Industries, Inc.
- Medtronic PLC
- Molnlycke Health Care AB
- Nexa Medical UK
- Paul Hartmann AG
- SeyitlerKimya San. A.S.
- Smith & Nephew Plc
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global wound care management market. Based on the availability of data, information related to products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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