Advanced Wound Care Market Highlights

• Global advanced wound care market revenue is poised to garner USD 19.6 billion by 2032 with a CAGR of 6.7% from 2023 to 2032
• North America advanced wound care market value occupied around USD 4.3 billion in 2022
• Asia-Pacific advanced wound care market growth will record a CAGR of more than 7% from 2023 to 2032
• Among product type, the wound care dressings sub-segment generated over US$ 18.3 billion revenue in 2022
• Based on application, the hospitals sub-segment generated around 45% share in 2022
• Growth in chronic wound management is a popular advanced wound care market trend that fuels the industry demand

Most cuts and scratches are simple injuries that do not require immediate medical attention or a visit to the doctor. They can be treated at home with proper wound care. Wound care treatments contribute significantly to the nation's healthcare expenditure. Wound care products are broadly classified into two major categories: traditional wound care products and advanced wound care products. The choice between these categories depends on the nature of the injury and the condition of the wound.

Advanced wound care products are specifically designed to address complex wounds. This category includes foam dressings, hydrocolloids, hydrogels, films, and alginates. Advanced wound care therapy is based on the principle of moisture therapy, which involves providing moisture to the wounded area to naturally encourage cell repair. These products are particularly suitable for wounds of various sizes and shapes and offer resistance against foreign particles and environmental inhibitors.

The primary benefits offered by advanced wound care products include facilitating oxygen flow, protecting the wound from bacterial infections and foreign particles, maintaining a stable temperature around the wound site, removing dead tissue to prevent scarring, expediting cell repair and healing, and providing relief from pain during dressing changes.

Global Advanced Wound Care Market Dynamics

Market Drivers

• Rise in geriatric population
• Increasing number of surgeries
• Rising number of hospital visits for wound treatment
• Rising awareness programs regarding cardiovascular disorders

Market Restraints

• High cost of advanced wound care products
• Delayed Diagnosis & delayed treatment rates in emerging nations

Market Opportunities

• The growth potential of emerging economies
• Increases R&D activities

Advanced Wound Care Market Report Coverage

Advanced Wound Care Market Insights

The global advanced wound care market is driven by changing trends. Recently, there has been an increase in the demand for combination dressing. The overall advanced wound care market has also witnessed developments due to the availability of nanofiber-based wound dressings. Combination dressing comprises combining the properties of different types of wound dressings to offer better healing and performance than individual products. Combination dressings such as silver collagen, silver alginate, and collagen hydrochloride combination dressing are commonly used for diabetic foot ulcers, pressure ulcers, and infected wounds. They assist in wound healing and prevent the microbes to infect the wounded region. The greater therapeutic effectiveness of combination dressing is responsible for their increasing demand. Technological advancement in advanced wound care products is further expected to drive market growth. Companies engaged in manufacturing advanced wound care products are coming forth with innovative products to offer better treatment.

Traditional wound care products such as gauge, plaster, sponge, and wadding, have limited effectiveness as compared to advanced wound care products. Advanced wound care products have higher absorption capacity as compared to traditional wound care products, which is important to prevent wound seepage. It also allows oxygen exchange simultaneously, blocking the entry of microbes into the wounds. These dressings retain moisture and help in the formation of new tissue to cover the wound. Owing to these advantageous features over traditional wound care products, their popularity is increasing, thus leading to increased adoption of advanced wound care products. Other important factors driving the market growth include the increasing geriatric population, growing awareness towards the adoption of advanced wound care products, and increasing cases of burns, surgeries, and accidents among others. Burns caused by chemicals, friction, radiation, electricity, friction, and heat lead to a severe loss of skin, tissue, and blood vessels.

Advanced wound care products, such as artificial skin and substitutes, collagen dressing, hydrocolloid dressing, and hydrogel dressing are used for treating such burns. According to National Fire Protection Association (NFPA), approximately 15,775 fire-related injuries were reported in past year in the U.S. alone. According to the World Health Organization (WHO) publication nearly 1 million people suffer from moderate to severe burns every year in India. Thus, the increasing incidences of burn cases are driving the growth of this market.

Advanced Wound Care Market Segmentation

The worldwide market for advanced wound care is split based on product type, application, end-user, and geography.

Advanced Wound Care Product Types

• Wound Care Dressings
  • Foam Dressing
  • Hydrocolloid Dressing
  • Film Dressing
  • Alginate Dressing
  • Hydrogel Dressing
  • Collagen Dressing 
• Wound Care Therapy
  • Negative Pressure Wound Therapy (NPWT) Devices
  • Hyperbaric Oxygen Equipment (HBOT)
  • Extracorporeal Shock Wave Therapy (ESWT)
  • Others
• Active Wound Care 
  • Biological Skin Equivalents
  • Biological Dressings
  • Growth Factors
  • Others

Based on product type, the advanced wound care market is segmented into advanced wound dressings, advanced wound care therapy, and active wound care. The advanced wound dressings segment accounted for more than 62% share and is expected to emerge as the fastest-growing market segment. In addition accoding to our advanced wound care maket forecast, the industry is expected to register a CAGR of 7% from 2023 to 2032. Hydrocolloids, foams, films, hydrogels, alginate dressings, and other advanced wound dressings are examples. These dressings were designed to enhance tissue regeneration, regulate exudate, prevent infection, and produce an ideal wound healing environment.

Wound care devices include technologies such as negative pressure wound therapy (NPWT), electrical stimulation devices, and other mechanical systems that promote wound healing via active processes. The capacity of NPWT to expedite wound healing by providing regulated negative pressure to the wound bed drew a lot of interest. Active wound care is most likely a larger term that encompasses both advanced wound dressings and wound care devices, as both entail active treatments to enhance wound healing.

Advanced Wound Care Applications

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

In terms of the advanced wound care market, the application segment is divided into chronic wounds and acute wounds. Chronic wounds encompass conditions such as diabetic foot ulcers, pressure ulcers, venous leg ulcers, and others. The acute wounds segment is further categorized into surgical & traumatic wounds and burns. Over the past year, the acute wounds segment has held the largest market share, and it is projected to maintain its dominance throughout the forecasted period from 2023 to 2032. The increasing number of road accidents and traumatic wounds plays a crucial role in driving the growth of this segment. Additionally, the chronic wounds segment is expected to experience significant growth at the fastest compound annual growth rate (CAGR) during the forecast period. The rising prevalence of diabetic foot ulcers, pressure ulcers, and other chronic wounds will contribute to the expansion of this segment.

Advanced Wound Care End-Users

• Hospitals
• Clinics
• Homecare Settings
• Others

The market is segmented based on end users, including hospitals, clinics, home care settings, and others. According to the advanced wound care industry analysis, the hospitals segment has dominated the market share. The increasing number of surgeries and rising hospital visits due to chronic wounds are key factors contributing to the growth of the market. The expanding number of hospitals day by day, along with increased hospital admissions, is a driving force behind the market's growth over the forecast period.

The home care setting subsegment is expected to experience significant growth during the forecast period. The COVID-19 pandemic has led to an increased demand for healthcare-related advanced wound care products. This demand has further propelled the growth of the home care setting segment.

Advanced Wound Care Market Regional Segmentation

North America

• U.S.
• Canada

Europe

• U.K.
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• India
• Japan
• China
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

The Middle East & Africa

• South Africa
• GCC Countries
• Rest of the Middle East & Africa (ME&A)

Advanced Wound Care Market Regional Analysis

North America has led the global advanced wound care market in terms of revenue generated through various wound care market segments, accounting for around 41% share in the 2022. The increasing geriatric population in the region, coupled with rising numbers of burn cases and road accidents, contribute to North America's significant share in the advanced wound care market.

In contrast, the Asia-Pacific region is expected to be the fastest-growing market for advanced wound care during the forecast period. The growth can be attributed to increasing healthcare spending in the region, a rise in the aging population, and an increase in the incidence of chronic wounds.

Advanced Wound Care Market Players

Some of the top advanced wound care companies offered in our report include 3M Company, Acelity LP Inc., Coloplast Corp., Mo-Sci Corp., Deroyal industries Inc., Medtronic Plc., Organogenesis Inc., Hollister Inc., Dermarite Industries LLC, Molnlycke Healthcare AB, Derma Sciences Inc., Smith & Nephew Plc., and Integra Lifesciences Holdings Corp.