Advanced Wound Care Market

Advanced Wound Care Market Overview (2022 to 2032)

The global advanced wound care market size in terms of revenue was valued at US$ 11.08 billion in 2022, and projected to reach US$ 15.93 billion by 2032, growing at a CAGR (Compound Annual Growth Rate) of 3.7% during the forecast period from 2022 to 2032.

The surging incidences of chronic wound conditions are poised to leverage the advanced wound care market to a very large extent. Advanced wound care products are effective due to their advantages such as maintaining a stable temperature around the wound to allow optimum oxygen flow. In addition, advanced wound care products also protect the wound from infection and help to remove dead tissue.

Report Attribute	Details
Advanced Wound Care Market Size (2022)	US$ 11.08 billion
Projected Market Value (2032)	US$ 15.93 billion
Growth Rate	CAGR of 3.7% from 2022 to 2032
Segments Covered	Product Type End-User Region
Key Companies Profiled	B. Braun Melsungen AG Mölnlycke Health Care Coloplast A/S Johnson and Johnson Medline Industries Inc. 3M

Revenue Analysis of Advanced Wound Care Market from 2017-2021 Vs Market Projections for 2022 to 2032

The COVID-19 outbreak negatively impacted the advanced wound care market in the initial phase of the forecast period. Due to lockdowns in the nation, and the postponed surgeries due to lack of beds in hospitals, denied wound care services, It is expected growth in the second half of the forecast. At the current stage, the vaccination has started and will be completed by the end of 2021 according to the announcement by the central government.

The growing frequency of chronic wounds is basically due to the growing global geriatric population and the increasing patients of with obesity and diabetes.

For instance, according to World Health Organization (WHO) In 2019, diabetes was the direct cause of 1.5 million deaths and 48% of all deaths due to diabetes occurred before the age of 70 years. Between 2000 and 2019, there was a 3% increase in diabetes mortality rates by age.

The increasing problems associated with ineffective traditional wound healing methods, initiatives taken by the government, and a pressing need for swift and safer treatment of chronic wounds are also likely to drive the advanced wound care market.

The global market to grow at a CAGR of 3.7% by the end of 2032. The growth is attributed to major companies that are actively participating in acquisitions to expand their market presence and strengthen product portfolios.

Which are Some Prominent Drivers of the Advanced Wound Care Market?

The growing adoption of advanced wound care to drive the market growth

The increasing prevalence of chronic and surgical wounds is expected to have a positive effect on the advanced wound care product demand and, in turn, help in the advance wound care market growth. The technological advancements in advanced wound care products are projected to have a significant impact on the market for advanced wound care.

Rising investments in research and development activities and the launch of new, technologically advanced products to cure different types of wounds are expected to be the key drivers for the overall advanced wound care market growth. Also, the rising number of accidents, such as car accidents, burns, and trauma events, is expected to boost the global market.

Also, the increasing investments by key market players and various government organizations in the development of wound dressings are a key factor projected to drive the global market during the forecast period.

Rise in prevalence of Chronic and Acute Wounds to Boost the Advanced Wound Care Market

The increasing number of diabetic patients across the world and the rise in the prevalence of diabetic foot ulcers are factors projected to drive of the global advanced wound care market in the upcoming years.

Diabetes and obesity can result in an increased overall incidence and complexity of wounds such as infections, ulcerations (leg & foot ulcers), and surgical wounds, which is likely to influence the demand for advanced wound care.

The growing incidences of chronic wounds such as diabetic foot ulcers, pressure ulcers, and venous leg ulcers caused by various diseases are fueling the growth of the market. Rapidly expanding medicine and pharmaceutical industry, developing advanced products, medicines, and therapies boost the global advanced wound care market.

Comparative View of Adjacent Markets

Advanced Wound Care Market :

Attributes	Advanced Wound Care Market
Growth Factor	The increased prevalence of chronic illnesses, which result in chronic, acute, surgical, and traumatic wounds, is anticipated to drive the global. Moreover, the global advanced wound care market is projected to witness growth due to easily available and inexpensively priced wound care products and technological developments in wound treatment.
Opportunity	The rise in need for low-cost treatment for the chronic wound, increasing incidence of diabetes cases, and growing patient population are expected to provide opportunities for the growth of the advanced wound care market

Advanced Wound Dressing Market :

Attributes	Advanced Wound Dressing Market
Growth Factor	Increasing aging population, increase in the incidence of accidents, increase in the adoption rate of advanced wound dressings like hydrocolloids and wound contact layers, continuously advance improvement in dressing like a combination of antibiotics and painkillers with dressings
Opportunity	Rising investments in improving healthcare infrastructure, a rapidly growing geriatric population, and prevalence of skin ulcers, tissue necrosis, diabetic foot ulcers are some of the factors propelling the global advanced wound dressing market.

Interactive wound Dressing Market :

Attributes	Interactive wound Dressing Market
Growth Factor	The interactive Wound Dressing market is expected to grow over the forecast period owing to increase in day to day life injuries, infections, and skin tears, among others.
Opportunity	The market for interactive wound dressing is driven mainly by technological advancement by using different types of materials such as polyurethane, insoluble polymers in polymeric films,and foam.

Country-wise Analysis

Will Revenue Growth Keep the Momentum High for the U.S. Advanced Wound Care Market?

Increased demand for advanced wound care products bolstering demand for Advanced Wound Care

The U.S. is estimated to account for over 93% value in North America advanced wound care market share. The increasing prevalence of diabetic ulcers, venous disease, and arterial injuries have prompted market players to establish their business operations in the US market.

Growth in the market is primarily driven by increasing cases of post-operative wounds. Advanced wound care is increasing in the U.S. owing to the growing incidence of chronic diseases such as diabetes & obesity.

For instance, in 2020, the Centers for Disease Control and Prevention (CDC) reported 34.2 million cases of diabetes in the U.S. These numbers are underscoring the need for efficient wound care for patients with diabetic foot ulcers, leading to the development of new technologies in advanced wound care.

Why is India a Prominent Market for Advance Wound Care?

Technological Advancements in Wound Care Products to Push Demand for Advanced Wound Care

India is anticipated to expand the fastest, at a robust CAGR of 3.2% during the forecast period. This is because governments in these countries are taking several initiatives to address issues related to drug addiction.

The increasing incidence of chronic disorders and surgeries in the country is expected to aid the adoption of advanced wound care products, bolstering growth. Increasing sales of advanced wound care products including Hydrogels Dressings, Skin Protectants, Wound Cleansers, Semi-Permeable Films Dressing, Alginate Dressing, Foam Dressing, and post-surgery wound care topical treatment are projected to rise, further augmenting the market growth.

An increasing number of product approvals and launches, distribution agreements, and mergers and acquisitions by key players are also projected to drive the growth of the advanced wound care market.

Category-wise Insights

Which Product type is projected to boost the Market?

Wound Cleanser to Add to the Overall Demand

Wound cleansers constitute the bulk of the global advanced wound care market, capturing nearly 30% of the market share. Protection from loose debris and planktonic bacteria to promote an optimal healing environment shall drive the growth of the wound cleansers segment.

Cushioning of the wound and peri-wound area from additional trauma as well as providing thermal insulation drives the rising popularity of foam dressings. Rapid innovation in new technology to drive the advance wound care market and has become one of the most significant sectors in the health care industry.

Start-Ups for Advanced Wound Care Market

Some key startups in the advanced wound care market include - Triage Meditech, Fibroheal, Axio, Dermacare Surgical Pvt Ltd.and Hudson Medical among others.

• Fibroheal is a deep science biotech company with extensive research and development expertise in biomaterials introduced Silk protein based patented surgical wound dressing for rapid healing with minimal scar in non-infected, non-exudating wounds such as skin graft donor sites, partial thickness burn wounds, surgical wounds, skin ulcers. This non-adherent dressing sheet promotes faster wound healing by promoting fibroblast proliferation and collagen deposition.
• Dermacare is a manufacturer of wound care products serving the healthcare industry worldwide. Through a combination of proven materials and innovative solutions, derma care deliver high-performance products with exceptional service.

Market Competition

The global advanced wound care market is highly competitive owing to the top global players trying to gain market share through various strategies such as mergers & acquisitions, expansions, collaborations, and partnerships.

Key players in the global advanced wound care market are engaged in regulatory approvals and the launch of new products. The other leading manufacturers of advanced wound care product are also focusing on the acquisition of regional players to retain their market position.

• Medline recently celebrated the opening of two LEED-certified distribution centers, an 800,000 square-foot facility in St. Peters, Missouri and a 1.3 million-square-foot distribution center in Montgomery, New York.
• In March 2022, Convatec Group Plc announced that it has completed the acquisition of Triad Life Sciences Inc (‘Triad’). The Triad team, current portfolio and product pipeline will now transition to Convatec’s Advanced Wound Care (AWC) business and be known as Convatec Advanced Tissue Technologies.
• Mölnlycke a world-leading medical solutions company announce a partnership with Tissue Analytics, a developer of sophisticated digital wound imaging platforms the partnership brings together Mölnlycke’s outstanding expertise in wound care and Tissues Analytics’ advanced digital capabilities.

Key Segments Profiled in the Advanced Wound Care Industry Survey

• By Product Type :

  • Antimicrobial Gels
  • Antimicrobial Powder
  • Concentrated Surfactant
  • Hydrogels Dressings
    • Antimicrobial Hydrogel Dressings
    • Non-Antimicrobial Hydrogel Dressings
  • Skin Protectants
  • Wound Cleansers
  • Semi-Permeable Films Dressings
    • Semi-Permeable Antimicrobial Films Dressings
      • Bordered Film Dressings
      • Non-Bordered Film Dressings
    • Semi-Permeable Non Antimicrobial Films Dressings
      • Bordered Film Dressings
      • Non-Bordered Film Dressings
  • Alginate Dressings
    • Antimicrobial Alginate Dressings
    • Non-Antimicrobial Alginate Dressings
  • Foam Dressings
    • Antimicrobial Foam Dressings
      • Bordered Foam Dressings
      • Non-Bordered Foam Dressings
    • Non-Antimicrobial Foam Dressings
      • Bordered Foam Dressings
      • Non-Bordered Foam Dressings
  • Hydrocolloid Dressings
    • Antimicrobial
    • Non-Antimicrobial
  • Collagen Dressing
    • Antimicrobial
    • Non-Antimicrobial
  • Contact Layer
    • Antimicrobial Wound Contact Layers
    • Non-Antimicrobial Wound Contact Layers
  • Honey Dressings
  • Super Absorbent Dressings
    • Antimicrobial
    • Non-Antimicrobial
  • Compression System
    • 2 Layer Compression System
    • 3 Layer Compression System
    • 4 Layer Compression System
  • Unna Boots
  • Tapes

• By End User :

  • Hospitals
  • Ambulatory Surgical Centers
  • Specialty Clinics

• By Key Regions :

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa