Chronic Wound Care Market Set to Witness an Uptick during 2023 to 2030: Grand View Research Inc.

Posted by Sona Kulkarni on January 5th, 2024

Chronic Wound Care Market Growth & Trends

The global chronic wound care market size is expected to reach a value of USD 17.6 billion by 2030, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 4.07% from 2023 to 2030. Diabetes may increase the overall frequency and complexity of wounds such as infections, ulcerations (leg or foot ulcers), and chronic wounds, including surgical & traumatic wounds. For instance, according to a research article published in March 2021 by ScienceDirect, the prevalence of diabetes is expected to increase to 120 million people in 2030, thereby propelling market growth.

The outbreak of COVID-19 has created large-scale opportunities for local manufacturers. Due to the restrictions on movement at international borders, the supply chain of major players has been disrupted. This has created an opportunity for local players to enter the market and meet the unmet demands of the end-users. The rising number of cases has led to a shortage of medical supplies; thus, local players are manufacturing products on a larger scale to meet the growing need. Moreover, to enhance their foothold in the market, key companies are adopting various plans and policies to gain a higher market share.

Technological advancements are projected to have a significant impact on the advanced wound care industry in the coming years. The quality of life of patients suffering from chronic wounds improves as technology advances and becomes more affordable. Traditional wound care and closure products are gradually being replaced by advanced wound care & closure products due to their efficacy and effectiveness in wound management by allowing quicker healing.

Request a free sample copy or view the report summary: Chronic Wound Care Market Report

Chronic Wound Care Market Report Highlights

• Advanced wound dressing was identified as the highest revenue-generating segment in 2022 due to its major usage in the treatment of chronic and non-healing wounds
• In 2022, foam dressing was the highest revenue-generating advanced wound dressings sub-segment as this dressing absorbs moisture that aids in maintaining the integrity of the tissue
• The hospitals segment held the largest revenue share amongst various end-use channels in 2022, owing to increasing footfall. Also, surgical wound care dressings and NPWT are predominantly suitable for treatment in hospital
• North America held the largest revenue share in the market in 2022 due to the availability of skilled professionals and improvement in healthcare infrastructure

Access Press Release@ https://www.grandviewresearch.com/press-release/global-chronic-wound-care-market

Chronic Wound Care Market Segmentation                  

Grand View Research has segmented the global chronic wound care market based on product, application, end-use, and region:

Chronic Wound Care Product Outlook (Revenue, USD Million, 2018 - 2030)

• Advanced Wound Dressing
  • Foam Dressing
  • Hydrocolloid Dressing
  • Film Dressing
  • Alginate Dressing
  • Hydrogel Dressing
  • Collagen Dressing
  • Other Dressing
• Surgical Wound Care
  • Suture & Staples
  • Tissue Adhesive & Sealants
  • Anti-infective Dressing
• Traditional Wound Care
  • Medical Tapes
  • Cleansing Agents
  • Others
• Wound Therapy Devices
  • Negative Pressure Wound Therapy
  • Oxygen and Hyperbaric Oxygen Equipment
  • Electric Stimulation Devices
  • Pressure Relief Devices
  • Others

Chronic Wound Care Application Outlook (Revenue, USD Million, 2018 - 2030)

• Diabetic Foot Ulcers
• Pressure Ulcers
• Venous Leg Ulcers
• Others

Chronic Wound Care End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals
• Specialty Clinics
• Home Healthcare
• Others

Chronic Wound Care Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Spain
• Asia Pacific
  • Japan
  • China
  • India
  • South Korea
  • Australia
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
• MEA
  • South Africa
  • Saudi Arabia
  • UAE

List of Key Players in Chronic Wound Care Market                                                                    

• JOHNSON & JOHNSON
• BAXTER INTERNATIONAL
• Coloplast Corp.
• 3M
• Medline Industries, Inc.
• ConvaTec Group PLC
• Derma Sciences (Integra LifeSciences)
• Mölnlycke Health Care AB
• Paul Hartmann AG
• Smith & Nephew PLC

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.