Wound Care Centers Market Size - Global Industry, Share, Analysis, Trends and Forecast 2022 - 2030
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The Global Wound Care Centers Market Size accounted for USD 38,671 Million in 2021 and is estimated to achieve a market size of USD 65,652 Million by 2030 growing at a CAGR of 6.2% from 2022 to 2030. The growth for wound care centers market value is expanding due to an increase in surgical interventions and the prevalence of chronic conditions. Furthermore, the growing use of regenerative medicine for wound management, technical improvements in wound care products, as well as the future growth of developing nations will boost the wound care centers market growth in the coming years.
Wound Care Centers Market Report Key Highlights
- Global wound care centers market revenue is predicted to rise by USD 65,652 million by 2030, with a 6.2% CAGR from 2022 to 2030.
- Based on type, hospital sector will account for more than 60% of overall market share in 2021
- North America wound care centers market accounting for nearly 35% of the total market share in 2021
- According to studies, 3% of the people over the age of 65 in the United States will have open wounds by 2025
- According to the WHO, around 1,000,000 individuals are moderately or severely burned in India each year
- As per the ScienceDirect, diabetic foot ulcers impact more than 25% of diabetics and result in foot amputation in 20% of patients
A wound care center is a medical facility to treat wounds that do not heal. The symptoms of a non-healing wound are; if the wound has not started to heal in 2 weeks, or not completely healed in 6 weeks. Some of the common types of non-healing wounds include pressure sores, surgical wounds, radiation sores, foot ulcers due to diabetes, poor blood flow, chronic bone infection (osteomyelitis), and swollen legs. Whereas, certain wounds may not heal well due to diabetes, poor circulation, nerve damage, bone infection, being inactive or immobile, weak immune system, poor nutrition, excess alcohol use, and Smoking.
Global Wound Care Centers Market Dynamics
Market Drivers
- The global rise in the incidence of chronic illnesses
- A growing number of outpatient settings
- An increasing number of accidents
- A rising number of medical procedures globally
Market Restraints
- High prices for sophisticated wound care products
- Risks related to advanced product use
Market Opportunities
- Growing emphasis on developing existing technology and launching new goods
- Nanotechnology integration in innovative wound care products
Wound Care Centers Market Report Coverage
| Market | Wound Care Centers Market |
| Wound Care Centers Market Size 2021 | USD 38,671 Million |
| Wound Care Centers Market Forecast 2030 | USD 65,652 Million |
| Wound Care Centers Market CAGR During 2022 - 2030 | 6.2% |
| Wound Care Centers Market Analysis Period | 2018 - 2030 |
| Wound Care Centers Market Base Year | 2021 |
| Wound Care Centers Market Forecast Data | 2022 - 2030 |
| Segments Covered | By Type, By Procedure, And By Geography |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Key Companies Profiled | Hologic, Wound Care Specialists, Systagenix Wound Management Limited, Mölnlycke Health Care AB, RestorixHealth, Wound Care Advantage, Oxyheal, and Woundtech. |
| Report Coverage |
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
According to the studies, 30% of patients with chronic wounds have experienced depressive symptoms or anxiety, whereas 50% of people with a stoma reported higher than normal levels of anxiety, and 16% have experienced mild to moderate levels of depression. According to World Health Organization (WHO), outcomes of depression among chronic care patients can be improved by having integrated and patient-centered care in the community.
The increasing number of surgical procedures worldwide along with the growing geriatric population is driving the wound care centers market trend in the coming years. The growing number of conditions such as foot ulcers caused by diabetes, sun radiation sores, pressure sores, and disorders caused by bad blood circulation, particularly among population geriatric population which is prone to various disorders are supporting the growth of wound care centers worldwide. The growing admission of wound patients in care centers, as well as the growing prevalence of diabetes due to unhealthy diets and junk food, is further propelling the number of patients with urgent wound care. On the other side, the high cost of products/services is projected to hinder the growth of the market over the forecast period.
Wound Care Centers Market Segmentation
The worldwide wound care centers market segmentation is based on the type, procedure, and geography.
Wound Care Centers Market By Type
- Hospitals
- Clinics
According to the wound care centers industry analysis, the hospital segment is leading the market with the maximum share in terms of revenue in 2021. The increasing number of hospitals across the globe especially in developed and developing economies is further bolstering the market value. The high dependency of people on hospitals, instead of clinics for a chronic conditions is another factor supporting the segmental market value. The huge number of hospitals across the globe as compared to the clinics is additionally bolstering the regional market value.
Wound Care Centers Market By Procedure
- Debridement
- Negative Pressure Wound Therapy
- Compression Therapy
- Hyperbaric Oxygen Therapy
- Specialized Dressings
- Infection Control
According to the wound care centers market forecast, the debridement segment is predicted to develop significantly in the coming years. The rising global incidence of incidents such as vehicle accidents, wounds, and trauma events is expected to boost the market. Furthermore, the sector is expected to benefit from the growing senior population and increased initiatives by public and private organizations to improve knowledge about wound care treatment.
Wound Care Centers Market Regional Outlook
North America
- U.S.
- Canada
Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
Latin America
- Mexico
- Brazil
- Rest of Latin America
Asia-Pacific
- India
- Japan
- China
- Australia
- South Korea
- Rest of Asia-Pacific
The Middle East & Africa (MEA)
- Gulf Cooperation Council (GCC)
- South Africa
- Rest of the Middle East & Africa
North America Accounted For The Maximum Revenue Share In The Wound Care Centers Market
In 2021, North America leads the market with maximum revenue share, and the region is also projected to maintain its dominance over the forecast period from 2022 to 2030. The well-established and supportive healthcare infrastructure of the region to perform surgical procedures is further supporting the regional market value. The presence of major players in the region along with their offerings especially in the US and Canada are bolstering the regional market value. The continuous efforts made by the players to provide better treatment are additionally proliferating the market growth.
Asia-Pacific Is Projected To Exhibit The Fastest Growth Over The Forecast Period From 2022 To 2030
The Asia Pacific is estimated to exhibit the fastest growth over the forecast period from 2022 to 2030. The developing and expanding healthcare infrastructure of the region is primarily supporting the regional market value. The major developing economies of the region including China and India are the major revenue contributors due to their developing infrastructure and high spending power of the people. The increasing spending on the infrastructural development of hospitals and clinics is further boosting the regional market value.
Wound Care Centers Market Players
Some of the top Wound Care Centers market companies offered in the professional report include Hologic, Wound Care Specialists, Systagenix Wound Management Limited, Mölnlycke Health Care AB, RestorixHealth, Wound Care Advantage, Oxyheal, and Woundtech.