The global wound management market is expected to grow at a CAGR of around 4.7% from 2020 to 2027 and expected to reach the market value of around US$ 26.2 Bn by 2027.
A wound is described as any event that causes the tissue's normal architecture and function to be disrupted. A closed wound, such as a bruise or sprain, or an open wound, such as an abrasion, laceration, avulsion, or a ballistic or surgical wound, are examples. A chronic wound may develop from even a minor injury when the skin and wound management processes are disrupted by underlying disease. Open wounds account for approximately 4.5% of annual emergency department (ED) visits, according to SAEM estimates. Patients who come to the emergency department with wounds are normally concerned regarding chronic wounds.
Government support propels wound management market globally
The University of Texas (UT) Southwestern Medical Center treats complicated and non-healing wounds on every part of the body caused by diabetes, vascular disease, and other health issues. University of Texas Southwestern Medical Center also runs a project called Wound Care Service Program. The program offers leading-edge treatment for diabetes-related wounds coupled with prevention management for the growing patient pool. Also, offer emergency department (ED) in the hospital for the outpatient clinic that provides continuity of care. UT Southwestern conducts clinical trials that offer patients access to wound care treatments and research that is highly specialized. Apart from that, the State of Victoria runs the "Connected Wound Care Project". The connected wound care project is a successful collaboration between the regional Wounds Victoria Clinical Nurse Consultants, the Royal District Nursing Service, and the department. The project is highly focused on educational and information resources to assist nurses and the people for preventing and managing wounds.
Advancements in treatment options bolster the growth of wound management market globally
Bioengineered skin replacements, hyperbaric oxygen therapy, minimally invasive procedures, plastic surgical methods, advanced dressings and treatments, transcutaneous oxygen monitoring, and vascular surgery are among the specialized wound equipment and broad spectrum of treatment and support for any patient requiring a wide range of intervention and testing. The body is exposed to 100% oxygen at a pressure higher than average in hyperbaric oxygen therapy. Diabetics, most of whom are elderly and suffering from chronic wounds, are gradually undergoing hyperbaric therapy. Twenty outpatient sessions can bring a hospital US$ 9,000 as per the estimates released by the KAISER FAMILY FOUNDATION undergoing hyperbaric therapy. Additionally, bioengineered skin replacements have risen in popularity in the wound care market globally. Furthermore, recent developments in skin tissue engineering have a high potential for improving clinical outcomes for chronic and acute wound care. As a result, the ultimate goal of skin tissue engineering is to create a complex scar-free skin replacement that can be transplanted in large amounts with a low risk of failure by the host's body in only one surgical procedure. Innovative treatments and therapies are another treatment choice for wound management. Negative pressure wound therapy, platelet-rich plasma (PRP) therapies, radiofrequency stimulation of fibroblast cells, and ultrasound for debridement and bacterial reduction are among them.
Market Trends
Immunomodulatory biomaterials for early transplant integration and wound healing/management
The incidence of postoperative morbidity and graft failure is decreasing due to ongoing advancements in transplantation surgical procedures and advancements in immunosuppressive therapies. The distribution of immunomodulators is one tool for wound care that has received a lot of attention in the global market. These immunomodulators aid to accelerate wound healing and tissue integration by attracting and organizing anti-inflammatory, pro-regenerative immune cells on the local level. These immune cells help to promote tissue regeneration and immunity by suppressing immune activation and cytokine production of factors that trigger pathologic inflammation and rejection.
Segmentation Analysis
Wound management market is segmented based on wound type, treatment, and end-user. Based on wound type, the market is segmented based on diabetic foot ulcers, pressure ulcers, venous leg ulcers, surgical & traumatic wounds, burns, and other wounds. By treatment, the wound management market is segmented based on bioengineered skin substitutes, hyperbaric oxygen therapy, plastic surgical techniques, specialized dressings and therapies, transcutaneous oxygen testing, vascular surgery, negative pressure wound therapy (NPWT), platelet-rich plasma (PRP) treatments, stimulation of fibroblast cells with radiofrequency, and ultrasound for debridement. By end-user, the market is segmented based on hospitals & clinics, long-term care facilities, and home care settings.
Diabetic foot ulcers have gained a foothold in the wound management market globally, relying on wound type. Diabetic Foot (DF) is one of the most common admission complications, putting significant medical and financial pressure on the healthcare system. Any person with diabetes's lifetime risk of developing a foot ulcer is as high as 25%, and it is the most popular cause for diabetic patient hospital stay (about 30%) and consumes about 20% of overall healthcare costs, which is more than any other diabetic complication.
Bioengineered skin tissue is expected to dominate the global wound management market based on treatment. Bioengineered skin tissue has evolved over the years from individual skin cell applications to cell-scaffold combinations for the care, healing, and closure of acute and chronic skin wounds. These significant advancements help in the reduction of morbidity and mortality associated with both acute and chronic wounds. Hospitals & clinics as end-users would drive the global wound management market upward. This can be attributed to higher patient satisfaction, better care quality, and increased caregiver efficiency. Furthermore, for acute cases, the use of advanced skin treatments and therapies is high in hospitals and healthcare providers, making them the largest segment.
Regional Overview
The increasing incidence of sports injuries, road accidents, and the existence of a wide pool of well-known players in this region have a positive impact on wound management in North America. Additionally, availability of skilled professionals and consistent improvement witnessed in healthcare infrastructure are the stimulating factors that drive the wound management market till the forecast period. The Asia-Pacific region, on the other hand, is projected to have the fastest growing regional market for wound management. Medical tourism is increasingly in emerging economies such as India, China, and Japan, which has a positive impact on the wound management market's ability to achieve its full potential.
Competitive Analysis
The prominent players involved in global wound management market involve Johnson & Johnson Services, Inc., ConvaTec Group PLC, Integra Lifesciences Corporation, Mölnlycke Health Care, Smith & Nephew plc, Acelity L.P. Inc., Coloplast A/S, PAUL HARTMANN AG, and among others
Market Segmentation
Market By Wound Type
Diabetic Foot Ulcers
Pressure Ulcers
Venous Leg Ulcers
Surgical & Traumatic Wounds
Burns
Other Wounds
Market By Treatment
Bioengineered Skin Substitutes
Hyperbaric Oxygen Therapy
Plastic Surgical Techniques
Specialized Dressings And Therapies
Transcutaneous Oxygen Testing
Vascular Surgery
Negative Pressure Wound Therapy (NPWT)
Platelet-Rich Plasma (PRP) Treatments
Stimulation Of Fibroblast Cells With Radiofrequency
Ultrasound For Debridement
Market By End-User
Hospitals & Clinics
Long-Term Care Facilities
Home Care Settings
Market By Geography
North America
• U.S.
• Canada
Europe
• U.K.
• Germany
• France
• Spain
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific
Latin America
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa
• GCC
• South Africa
• Rest of Middle East & Africa
CHAPTER 1. Industry Overview of Wound Management
1.1. Definition and Scope
1.1.1. Definition of Wound Management
1.1.2. Market Segmentation
1.1.3. Years Considered for the Study
1.1.4. Assumptions and Acronyms Used
1.1.4.1. Market Assumptions and Market Forecast
1.1.4.2. Acronyms Used in Global Wound Management Market
1.2. Summary
1.2.1. Executive Summary
1.2.2. Wound Management Market By Wound Type
1.2.3. Wound Management Market By Treatment
1.2.4. Wound Management Market By End-User
1.2.5. Wound Management Market by Regions
CHAPTER 2. Research Approach
2.1. Methodology
2.1.1. Research Programs
2.1.2. Market Size Estimation
2.1.3. Market Breakdown and Data Triangulation
2.2. Data Source
2.2.1. Secondary Sources
2.2.2. Primary Sources
CHAPTER 3. Market Dynamics And Competition Analysis
3.1. Market Drivers
3.1.1. Driver 1
3.1.2. Driver 2
3.2. Restraints and Challenges
3.2.1. Restrain 1
3.2.2. Restrain 2
3.3. Growth Opportunities
3.3.1. Opportunity 1
3.3.2. Opportunity 2
3.4. Porter’s Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitute
3.4.4. Threat of New Entrants
3.4.5. Degree of Competition
3.5. Market Concentration Ratio and Market Maturity Analysis of Wound Management Market
3.5.1. Go To Market Strategy
3.5.1.1. Introduction
3.5.1.2. Growth
3.5.1.3. Maturity
3.5.1.4. Saturation
3.5.1.5. Possible Development
3.6. Technological Roadmap for Wound Management Market
3.7. Value Chain Analysis
3.7.1. List of Key Manufacturers
3.7.2. List of Customers
3.7.3. Level of Integration
3.8. Cost Structure Analysis
3.8.1. Price Trend of Key Raw Materials
3.8.2. Raw Material Suppliers
3.8.3. Proportion of Manufacturing Cost Structure
3.8.3.1. Raw Material
3.8.3.2. Labor Cost
3.8.3.3. Manufacturing Expense
3.9. Regulatory Compliance
3.10. Competitive Landscape, 2019
3.10.1. Player Positioning Analysis
3.10.2. Key Strategies Adopted By Leading Players
CHAPTER 4. Manufacturing Plant Analysis
4.1. Manufacturing Plant Location and Establish Date of Major Manufacturers in 2019
4.2. R&D Status and Application Source of Wound Management Major Manufacturers in 2019
CHAPTER 5. Wound Management Market By Wound Type
5.1. Introduction
5.2. Wound Management Revenue By Wound Type
5.2.1. Wound Management Revenue (US$ Mn) and Forecast, By Wound Type, 2016-2027
5.2.2. Diabetic Foot Ulcers
5.2.2.1. Diabetic Foot Ulcers Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.3. Pressure Ulcers
5.2.3.1. Pressure Ulcers Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.4. Venous Leg Ulcers
5.2.4.1. Venous Leg Ulcers Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.5. Surgical & Traumatic Wounds
5.2.5.1. Surgical & Traumatic Wounds Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.6. Burns
5.2.6.1. Burns Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.7. Other Wounds
5.2.7.1. Other Wounds Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 6. Wound Management Market Revenue By Treatment
6.1. Introduction
6.2. Wound Management Revenue (US$ Mn) By Treatment
6.2.1. Wound Management Revenue (US$ Mn) and Forecast By Treatment, 2016 - 2027
6.2.2. Bioengineered Skin Substitutes
6.2.2.1. Bioengineered Skin Substitutes Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.3. Hyperbaric Oxygen Therapy
6.2.3.1. Hyperbaric Oxygen Therapy Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.4. Plastic Surgical Techniques
6.2.4.1. Plastic Surgical Techniques Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.5. Specialized Dressings and Therapies
6.2.5.1. Specialized Dressings and Therapies Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.6. Transcutaneous Oxygen Testing
6.2.6.1. Transcutaneous Oxygen Testing Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.7. Vascular Surgery
6.2.7.1. Vascular Surgery Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.8. Negative Pressure Wound Therapy (NPWT)
6.2.8.1. Negative Pressure Wound Therapy (NPWT) Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.9. Platelet-rich Plasma (PRP) Treatments
6.2.9.1. Platelet-rich Plasma (PRP) Treatments Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.10. Stimulation of fibroblast cells with Radiofrequency
6.2.10.1. Stimulation of fibroblast cells with Radiofrequency Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.11. Ultrasound for Debridement
6.2.11.1. Ultrasound for Debridement Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 7. Wound Management Market By End-User
7.1. Introduction
7.2. Wound Management Revenue (US$ Mn) By End-User
7.2.1. Wound Management Revenue (US$ Mn) and Forecast By End-User, 2016 - 2027
7.2.2. Hospitals & Clinics
7.2.2.1. Hospitals & Clinics Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.2.3. Long-term Care Facilities
7.2.3.1. Long-term Care Facilities Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.2.4. Home Care Settings
7.2.4.1. Home Care Settings Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 8. North America Wound Management Market By Country
8.1. North America Wound Management Overview
8.2. U.S.
8.2.1. U.S. Wound Management Market Revenue (US$ Mn) and Forecast By Wound Type, 2016-2027
8.2.2. U.S. Wound Management Market Revenue (US$ Mn) and Forecast By Treatment, 2016-2027
8.2.3. U.S. Wound Management Market Revenue (US$ Mn) and Forecast By End-User, 2016-2027
8.3. Canada
8.3.1. Canada Wound Management Market Revenue (US$ Mn) and Forecast By Wound Type, 2016-2027
8.3.2. Canada Wound Management Market Revenue (US$ Mn) and Forecast By Treatment, 2016-2027
8.3.3. Canada Wound Management Market Revenue (US$ Mn) and Forecast By End-User, 2016-2027
8.4. North America PEST Analysis
CHAPTER 9. Europe Wound Management Market By Country
9.1. Europe Wound Management Market Overview
9.2. U.K.
9.2.1. U.K. Wound Management Market Revenue (US$ Mn) and Forecast By Wound Type, 2016-2027
9.2.2. U.K. Wound Management Market Revenue (US$ Mn) and Forecast By Treatment, 2016-2027
9.2.3. U.K. Wound Management Market Revenue (US$ Mn) and Forecast By End-User, 2016-2027
9.3. Germany
9.3.1. Germany Wound Management Market Revenue (US$ Mn) and Forecast By Wound Type, 2016-2027
9.3.2. Germany Wound Management Market Revenue (US$ Mn) and Forecast By Treatment, 2016-2027
9.3.3. Germany Wound Management Market Revenue (US$ Mn) and Forecast By End-User, 2016-2027
9.4. France
9.4.1. France Wound Management Market Revenue (US$ Mn) and Forecast By Wound Type, 2016-2027
9.4.2. France Wound Management Market Revenue (US$ Mn) and Forecast By Treatment, 2016-2027
9.4.3. France Wound Management Market Revenue (US$ Mn) and Forecast By End-User, 2016-2027
9.5. Spain
9.5.1. Spain Wound Management Market Revenue (US$ Mn) and Forecast By Wound Type, 2016-2027
9.5.2. Spain Wound Management Market Revenue (US$ Mn) and Forecast By Treatment, 2016-2027
9.5.3. Spain Wound Management Market Revenue (US$ Mn) and Forecast By End-User, 2016-2027
9.6. Rest of Europe
9.6.1. Rest of Europe Wound Management Market Revenue (US$ Mn) and Forecast By Wound Type, 2016-2027
9.6.2. Rest of Europe Wound Management Market Revenue (US$ Mn) and Forecast By Treatment, 2016-2027
9.6.3. Rest of Europe Wound Management Market Revenue (US$ Mn) and Forecast By End-User, 2016-2027
9.7. Europe PEST Analysis
CHAPTER 10. Asia Pacific Wound Management Market By Country
10.1. Asia Pacific Wound Management Market Overview
10.2. China
10.2.1. China Wound Management Market Revenue (US$ Mn) and Forecast By Wound Type, 2016 - 2027
10.2.2. China Wound Management Market Revenue (US$ Mn) and Forecast By Treatment, 2016 - 2027
10.2.3. China Wound Management Market Revenue (US$ Mn) and Forecast By End-User, 2016 - 2027
10.3. Japan
10.3.1. Japan Wound Management Market Revenue (US$ Mn) and Forecast By Wound Type, 2016 - 2027
10.3.2. Japan Wound Management Market Revenue (US$ Mn) and Forecast By Treatment, 2016 - 2027
10.3.3. Japan Wound Management Market Revenue (US$ Mn) and Forecast By End-User, 2016 - 2027
10.4. India
10.4.1. India Wound Management Market Revenue (US$ Mn) and Forecast By Wound Type, 2016 - 2027
10.4.2. India Wound Management Market Revenue (US$ Mn) and Forecast By Treatment, 2016 - 2027
10.4.3. India Wound Management Market Revenue (US$ Mn) and Forecast By End-User, 2016 - 2027
10.5. Australia
10.5.1. Australia Wound Management Market Revenue (US$ Mn) and Forecast By Wound Type, 2016 - 2027
10.5.2. Australia Wound Management Market Revenue (US$ Mn) and Forecast By Treatment, 2016 - 2027
10.5.3. Australia Wound Management Market Revenue (US$ Mn) and Forecast By End-User, 2016 - 2027
10.6. South Korea
10.6.1. South Korea Wound Management Market Revenue (US$ Mn) and Forecast By Wound Type, 2016 - 2027
10.6.2. South Korea Wound Management Market Revenue (US$ Mn) and Forecast By Treatment, 2016 - 2027
10.6.3. South Korea Wound Management Market Revenue (US$ Mn) and Forecast By End-User, 2016 - 2027
10.7. Rest of Asia-Pacific
10.7.1. Rest of Asia-Pacific Wound Management Market Revenue (US$ Mn) and Forecast By Wound Type, 2016 - 2027
10.7.2. Rest of Asia-Pacific Wound Management Market Revenue (US$ Mn) and Forecast By Treatment, 2016 - 2027
10.7.3. Rest of Asia-Pacific Wound Management Market Revenue (US$ Mn) and Forecast By End-User, 2016 - 2027
10.8. Asia Pacific PEST Analysis
CHAPTER 11. Latin America Wound Management Market By Country
11.1. Latin America Wound Management Market Overview
11.2. Brazil
11.2.1. Brazil Wound Management Market Revenue (US$ Mn) and Forecast By Wound Type, 2016 - 2027
11.2.2. Brazil Wound Management Market Revenue (US$ Mn) and Forecast By Treatment, 2016 - 2027
11.2.3. Brazil Wound Management Market Revenue (US$ Mn) and Forecast By End-User, 2016 - 2027
11.3. Mexico
11.3.1. Mexico Wound Management Market Revenue (US$ Mn) and Forecast By Wound Type, 2016 - 2027
11.3.2. Mexico Wound Management Market Revenue (US$ Mn) and Forecast By Treatment, 2016 - 2027
11.3.3. Mexico Wound Management Market Revenue (US$ Mn) and Forecast By End-User, 2016 - 2027
11.4. Rest of Latin America
11.4.1. Rest of Latin America Wound Management Market Revenue (US$ Mn) and Forecast By Wound Type, 2016 - 2027
11.4.2. Rest of Latin America Wound Management Market Revenue (US$ Mn) and Forecast By Treatment, 2016 – 2027
11.4.3. Rest of Latin America Wound Management Market Revenue (US$ Mn) and Forecast By End-User, 2016 – 2027
11.5. Latin America PEST Analysis
CHAPTER 12. Middle East & Africa Wound Management Market By Country
12.1. Middle East & Africa Wound Management Market Overview
12.2. Saudi Arabia
12.2.1. Saudi Arabia Wound Management Market Revenue (US$ Mn) and Forecast By Wound Type, 2016 - 2027
12.2.2. Saudi Arabia Wound Management Market Revenue (US$ Mn) and Forecast By Treatment, 2016 - 2027
12.2.3. Saudi Arabia Wound Management Market Revenue (US$ Mn) and Forecast By End-User, 2016 - 2027
12.3. UAE
12.3.1. UAE Wound Management Market Revenue (US$ Mn) and Forecast By Wound Type, 2016 - 2027
12.3.2. UAE Wound Management Market Revenue (US$ Mn) and Forecast By Treatment, 2016 - 2027
12.3.3. UAE Wound Management Market Revenue (US$ Mn) and Forecast By End-User, 2016 - 2027
12.4. Rest of Middle East & Africa
12.4.1. Rest of Middle East & Africa Wound Management Market Revenue (US$ Mn) and Forecast By Wound Type, 2016 - 2027
12.4.2. Rest of Middle East & Africa Wound Management Market Revenue (US$ Mn) and Forecast By Treatment, 2016 - 2027
12.4.3. Rest of Middle East & Africa Wound Management Market Revenue (US$ Mn) and Forecast By End-User, 2016 – 2027
12.5. Middle East & Africa PEST Analysis
CHAPTER 13. Player Analysis Of Wound Management
13.1. Wound Management Market Company Share Analysis
13.2. Competition Matrix
13.2.1. Competitive Benchmarking of key players by price, presence, market share, and R&D investment
13.2.2. New Product Launches and Product Enhancements
13.2.3. Mergers And Acquisition In Global Wound Management Market
13.2.4. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
CHAPTER 14. COMPANY PROFILE
14.1. Johnson & Johnson Services, Inc.
14.1.1. Company Snapshot
14.1.2. Business Overview
14.1.3. Financial Overview
14.1.3.1. Revenue (US$ Mn), 2019
14.1.3.2. Johnson & Johnson Services, Inc. 2019 Wound Management Business Regional Distribution
14.1.4. Product/ Service and Specification
14.1.5. Recent Developments & Business Strategy
14.1.6. Manufacturing Plant Footprint Analysis
14.2. ConvaTec Group PLC
14.3. Integra Lifesciences Corporation
14.4. Mölnlycke Health Care
14.5. Smith & Nephew plc
14.6. Acelity L.P. Inc.
14.7. Coloplast A/S
14.8. PAUL HARTMANN AG
14.9. Others