Advanced Wound Care Market to Surpass $13.4 Billion Value by 2030: P&S Intelligence

NEW YORK, Nov. 7, 2022 /PRNewswire/ -- According to the latest market research report published by P&S Intelligence, in 2021, the advanced wound care market was worth around $8.05 billion, and it is predicted to advance at a 5.8% CAGR from 2021 to 2030, to hit $13.4 billion. This is because of the surging count of injuries due to surgery and other reasons and the increasing cases of diabetes.

Advanced Wound Dressings Are Most Commonly Used

Advanced wound dressing accounts for the largest share, owing to the growing incidence of healthcare-related infections and surging awareness among the population of their effects. Moreover, the growing incidence of pressure ulcers, venous ulcers, and diabetic ulcers is escalating the growth of the category.

Growing Demand for Advanced Care for Acute Wounds

The acute wounds category holds an over 55% share of the market, owing to the snowballing incidence of road accidents. Additionally, the number of non-fatal injuries requiring appropriate medical care has increased recently around the world.

Further, because of the increasing prevalence of venous pressure ulcers and diabetic foot ulcers, the chronic wounds category is projected to grow at a higher CAGR, of around 5.9%, in the coming years. For instance, more than 2 million diabetics have foot ulcers in the U.S. annually.

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Patients Prefer Hospitals due to Their Demand for Comprehensive Care

With a market share of over 40%, hospitals led the market in 2021. This was due to the comprehensive care that patients with wounds receive from trained personnel in inpatient hospital facilities.

Moreover, due to the trend of home isolation brought on by the COVID-19 pandemic and surge in the senior population, the home healthcare category is predicted to register the highest rate of growth, of more than 6%, in the future.

North America Had Highest Need for Advanced Wound Care

In the past, North America held an over 43% share in the global advanced wound care market, driven by the growing elderly population and rising rates of obesity, diabetes, burns, and motor vehicle accidents.

Half way across earth, the aging population, growing diabetes prevalence, and rising burn cases are set to drive the product demand in APAC at the highest CAGR. In addition, the increase in the chronic illness prevalence brought on by the changing lifestyles is driving this growth in the region.

Browse detailed report on Advanced Wound Care Market Size, Share and Growth Analysis 2022-2030

Demand for Combination Dressings Is Snowballing

The qualities of many dressings are combined to create a combination dressing, which performs better than the separate products. For diabetic foot ulcers, infected injuries, and pressure ulcers, silver–alginate, silver–collagen, and collagen–hydrochloride combination dressings are frequently utilized.

Advanced Wound Care Market Report Coverage

By Type

• Advanced Wound Dressing
• Foam Dressing
• Hydrocolloid Dressing
• Film Dressing
• Alginate Dressing
• Hydrogel Dressing
• Collagen Dressing
• Wound Therapy Device
• Negative Pressure Wound Therapy (NPWT) Device
• Oxygen & Hyperbaric Oxygen Equipment
• Electrical Stimulation Device
• Active Wound Care Products
• Artificial Skin and Skin Substitutes
• Topical Agents

By Application

• Acute Wounds
• Surgical & Traumatic Wounds
• Burns
• Chronic Wounds
• Diabetic Foot Ulcers
• Pressure Ulcers
• Venous Leg Ulcers

By End User

• Hospitals
• Clinics
• Home Healthcare

Regional Analysis

• North America
• U.S.
• Canada
• Europe
• Germany
• U.K.
• France
• Italy
• Spain
• Asia-Pacific
• China
• India
• Japan
• Australia
• South Korea
• Latin America
• Brazil
• Mexico
• Middle East and Africa
• Saudi Arabia
• South Africa

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SOURCE P&S Intelligence