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Advanced Wound Care Market

Global Advanced Wound Care Market Size, Growth, Forecast: By Product Type: Wound Dressing, Active Wound Care, Wound Care Devices; By Wound Type: Chronic Wounds, Acute Wounds; By End User: Hospitals, Clinics, Ambulatory Surgical Centres, Homecare Settings, Others; Regional Analysis; Market Dynamics; Supplier Landscape; 2024-2032

Global Advanced Wound Care Market Outlook

The global advanced wound care market size was valued at USD 10.1 billion in 2023, driven by the increased incidence of road accidents and burn injuries across the globe. The market size is anticipated to grow at a CAGR of 6.9% during the forecast period of 2024-2032 to achieve a value of USD 18.32 billion by 2032.

 

Global Advanced Wound Care Market

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Global Advanced Wound Care Market Overview

Advanced wound care refers to the use of advanced solutions, treatments, and techniques, to heal wounds that result from surgical procedures, accidents, and other conditions, such as diabetic wounds, and burn injuries, among others.

 

The global advanced wound care market demand is likely to be driven by the rising incidence of chronic conditions, especially amongst the geriatric population, coupled with the consequential rise in the number of surgeries. The prevalence  of chronic wounds is nearly 1.51 to 2.21 per 1,000 population globally. These wounds in most circumstances require advanced wound care. The market is expected to witness significant growth in the coming years owing to the increased awareness among healthcare professionals and patients. The increasing demand for advanced wound care therapies and treatments to treat patients and achieve better patient outcomes is expected to aid the market growth in the forecast period.

 

Other key drivers responsible for the advanced wound care market growth include rising efforts and investments in the research and development of advanced treatments, and increasing collaborations amongst the key players, among others.

 

Rising Prevalence of Diabetes

Diabetic ulcers, especially foot ulcers, are among the major complications that diabetic patients suffer from. These ulcers are painful and require advanced wound care since the body struggles to heal on its own due to high sugar levels. The demand for advanced wound care is likely to witness robust growth in the coming years as the prevalence of diabetes is increasing at an alarming rate. According to the Institute for Health Metrics and Evaluation , more than 500 million people around the world are currently living with diabetes, including men, women, and children of all ages. Unfortunately, this number is expected to increase by mutli-folds in the coming years and reach an all-time high of around 1.3 billion people within the next thirty years.

 

Rising Research and Development in the Market to Bring Innovative Changes

The increasing advancement and severity of wounds, depending on the cause, is a major factor calling for some innovation in active wound care products. Biomaterials are common ingredients used to provide a suitable and better environment for the wound to heal better. The increasing traction toward the usage of bioactive materials is further emphasising on the need of more research in the field.

 

Additionally, the increasing demand for advanced wound care products is playing a crucial role in the development of innovative and effective wound care products in the market. Such developments are significantly propelling the global advanced wound care market growth. For instance, In October 2023, a team of researchers from the National University of Singapore (NUS) developed  an innovative magnetic wound-healing gel promising diabetic wound healing, reducing the rates of recurrence, and in turn, lowering the incidents of limb amputations. This combination of magnetic stimulation with treatment led to effective results in the patients. It healed the diabetic wounds nearly three times more quickly than the conventional approaches. Furthermore, the potential of healing gel is expected to be explored in a wide range of complex wounds such as burns rather than just healing diabetic foot ulcers. Such dedication toward developing new products by researching various elements and ingredients is expected to bolster the market demand during the forecast period.

 

Investments in Advanced Wound Care

The market is expected to experience significant growth supported by ongoing investments by market players in advanced wound care innovation. For instance, in November 2023, Innosphere Ventures Fund announced  that GelSana Therapeutics, a groundbreaking company in the advanced wound care industry, has secured USD 3.1 million in dilutive and non-dilutive funding for its innovative hydrogel technology. The funding has been invested to drive GelSana's innovative hydrogel technology, with its first product, Cleragel, towards FDA registration and early clinical use. FDA approval will make it easier for this product to be regulated in the market with no legal restrictions, providing a significant solution to a crucial gap in the market, and propelling the advanced wound care market growth.

 

Strategic Collaborations between Key Players

In November 2023, Kane Biotech Inc., in partnership with ProgenaCare Global LLP (“ProgenaCare”), has launched  a newly rebranded revyve™ Antimicrobial Wound Gel (formerly coactiv+™ Antimicrobial Wound Gel). This gel has been developed to manage ulcers (including diabetic foot and leg ulcers and pressure ulcers), 1st and 2nd degree burns, partial and full-thickness wounds, large surface area wounds, and surgical incisions for adult populations. Expanded applications of revyve™ Antimicrobial Wound Gel include the management of minor skin scrapes, minor cuts, minor lacerations, minor burns (1st degree burns), and abrasions for adult populations. The collaboration would ensure that the product fits well in the affordable price range, which is a factor expected to drive the market demand in the forecast period.

 

Global Advanced Wound Care Market By Product

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Global Advanced Wound Care Market Segmentation

Market Breakup by Product Type

  • Wound Dressing
    • Foam Dressing
    • Hydrocolloid Dressing
    • Film Dressing
    • Alginate Dressing
    • Hydrogel Dressing
    • Collagen Dressing
    • Other Advanced Dressing
  • Active Wound Care
    • Biomaterials
    • Skin-substitute
    • Others
  • Wound Care Devices
    • Negative Pressure Wound Therapy (NPWT)
    • Oxygen And Hyperbaric Oxygen Equipment
    • Electric Stimulation Devices
    • Pressure Relief Devices
    • Others

 

Market Breakup by Wound Type

  • Chronic Wounds
    • Pressure Ulcers
    • Diabetic Foot Ulcers
    • Arterial and Venous Ulcers
    • Others
  • Acute Wounds
    • Burns and Trauma
    • Surgical Wounds

 

Market Breakup by End User

  • Hospitals
  • Clinics
  • Ambulatory Surgical Centres
  • Homecare Settings
  • Others

 

Market Breakup by Region

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

 

Global Advanced Wound Care Market By Region

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Global Advanced Wound Care Regional Analysis

The market growth is expected to be led by North America due to factors such as an increased number of cases related to burn injuries and accidents requiring advanced wound care for better healing. According to the data released by the World Health Organization, despite the preventable nature, burn injuries claim nearly 180,000 lives globally. The majority lies in low- and middle-income countries.

 

The rising accidental injuries occurring due to road accidents and other circumstances are also contributing to the global advanced wound care market share. Data  released by the World Health Organization shows that road traffic crashes claim nearly 1.19 million lives every year. These accidents are also responsible for most of the deaths among people aged between 5-29 years. 92% of global road fatalities occur in low- and middle-income countries, despite these countries having only 60% of the world's vehicles.

 

The high incidence of road accidents is a major indication for the application of advanced wound care. Advanced wound care has better solutions for injuries taking place due to such incidents which directly contributes to the high demand.

 

Global Advanced Wound Care Market: Competitor Landscape

In April 2023, 3M announced  the launch of an innovative therapy which is set to revolutionize the advanced wound care realm. For example, 3M Healthcare received the FDA approval for their innovative 3M™ Veraflo™ Therapy, with both 3M™ Veraflo™ Cleanse Choice Complete™ Dressing and 3M™ V.A.C. Veraflo Cleanse Choice™ Dressing. This is the first-ever Food and Drug Administration (FDA) clearance for hydromechanical removal of infectious materials, non-viable tissue, and wound debris. This results in reducing the number of surgical debridements required while promoting granulation tissue formation and creating an environment that supports wound healing.

 

The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players.

 

The major companies in the market are as follows:

  • 3M
  • Smith & Nephew plc
  • Integra LifeSciences Holdings Corporation
  • Mölnlycke Health Care AB
  • ConvaTec Group plc.
  • Coloplast A/S
  • Medline Industries, Inc
  • Advanced Medical Solutions Group plc
  • Hollister Incorporated
  • B. Braun Melsungen AG
  • DeRoyal Industries, Inc.
  • PAUL HARTMANN AG
  • Zimmer Biomet
  • Cardinal Health
  • DermaRite Industries, LLC
  • Shield Line


Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2017-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product Type
  • Wound Type
  • End User
  • Region
Breakup by Product Type
  • Wound Dressing
  • Active Wound Care
  • Wound Care Devices
Breakup by Wound Type
  • Chronic Wounds
  • Acute Wounds
Breakup by End User
  • Hospitals 
  • Clinics
  • Ambulatory Surgical Centres
  • Homecare Settings
  • Others
Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Market Dynamics
  • Market Drivers and Constraints
  • SWOT Analysis
  • Porter’s Five Forces Model 
  • Key Demand Indicators
  • Key Price Indicators
  • Industry Events, Initiatives, and Trends 
  • Value Chain Analysis
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Financial Analysis
    • Product Portfolio
    • Demographic Reach and Achievements
    • Mergers and Acquisitions
    • Certifications
Companies Covered
  • 3M
  • Smith & Nephew plc
  • Integra LifeSciences Holdings Corporation
  • Mölnlycke Health Care AB
  • ConvaTec Group plc.
  • Coloplast A/S
  • Medline Industries, Inc
  • Advanced Medical Solutions Group plc
  • Hollister Incorporated
  • B. Braun Melsungen AG
  • DeRoyal Industries, Inc.
  • PAUL HARTMANN AG
  • Zimmer Biomet
  • Cardinal Health
  • DermaRite Industries, LLC
  • Shield Line

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
    1.1    Objectives of the Study
    1.2    Key Assumptions 
    1.3    Report Coverage – Key Segmentation and Scope  
    1.4    Research Methodology
2    Executive Summary
3    Global Advanced Wound Care Market Overview 

    3.1    Global Advanced Wound Care Market Historical Value (2017-2023) 
    3.2    Global Advanced Wound Care Market Forecast Value (2024-2032)
4    Global Advanced Wound Care Market Landscape
    4.1    Global Advanced Wound Care Developers Landscape
        4.1.1    Analysis by Year of Establishment
        4.1.2    Analysis by Company Size
        4.1.3    Analysis by Region
    4.2    Global Advanced Wound Care Product Landscape
    4.2.1    Analysis by Product Type
5    Global Advanced Wound Care Market Dynamics
    5.1    Market Drivers and Constraints
    5.2    SWOT Analysis
    5.3    Porter’s Five Forces Model 
    5.4    Key Demand Indicators
    5.5    Key Price Indicators
    5.6    Industry Events, Initiatives, and Trends 
    5.7    Value Chain Analysis
6    Global Advanced Wound Care Market Segmentation 
    6.1    Global Advanced Wound Care Market by Product Type
        6.1.1    Market Overview 
        6.1.2    Wound Dressing 
            6.1.2.1    Foam Dressing
            6.1.2.2    Hydrocolloid Dressing
            6.1.2.3    Film Dressing
            6.1.2.4    Alginate Dressing
            6.1.2.5    Hydrogel Dressing
            6.1.2.6    Collagen Dressing
            6.1.2.7    Other Advanced Dressing
        6.1.3    Active Wound Care
            6.1.3.1      Biomaterials
            6.1.3.2      Skin-substitute
            6.1.3.3      Others
        6.1.4    Wound Care Devices
            6.1.4.1    Negative Pressure Wound Therapy (NPWT)
            6.1.4.2    Oxygen And Hyperbaric Oxygen Equipment
            6.1.4.3    Electric Stimulation Devices
            6.1.4.4    Pressure Relief Devices
            6.1.4.5    Others
    6.2    Global Advanced Wound Care Market by Wound Type
        6.2.1    Market Overview
        6.2.2    Chronic Wounds
            6.2.2.1    Pressure Ulcers
            6.2.2.2    Diabetic Foot Ulcers
            6.2.2.3    Arterial and Venous Ulcers
            6.2.2.4    Others
        6.2.3    Acute Wounds
            6.2.3.1    Burns and Trauma
            6.2.3.2    Surgical Wounds
    6.3    Global Advanced Wound Care Market by End User
        6.3.1    Market Overview
        6.3.2    Hospitals 
        6.3.3    Clinics
        6.3.4    Ambulatory Surgical Centres
        6.3.5    Homecare Settings
        6.3.6    Others
    6.4    Global Advanced Wound Care Market by Region
        6.4.1    Market Overview
        6.4.2    North America 
        6.4.3    Europe
        6.4.4    Asia Pacific
        6.4.5    Latin America
        6.4.6    Middle East and Africa
7    North America Advanced Wound Care Market
    7.1    Market Share by Country
    7.2    United States of America
    7.3    Canada
8    Europe Advanced Wound Care Market
    8.1    Market Share by Country
    8.2    United Kingdom
    8.3    Germany
    8.4    France
    8.5    Italy
    8.6    Others
9    Asia Pacific Advanced Wound Care Market
    9.1    Market Share by Country
    9.2    China
    9.3    Japan
    9.4    India
    9.5    ASEAN
    9.6    Others
10    Latin America Advanced Wound Care Market
    10.1    Market Share by Country
    10.2    Brazil
    10.3    Argentina
    10.4    Mexico
    10.5    Others
11    Middle East and Africa Advanced Wound Care Market
    11.1    Market Share by Country
    11.2    Saudi Arabia
    11.3    United Arab Emirates
    11.4    Nigeria
    11.5    South Africa
    11.6    Others
12    Patent Analysis
    12.1    Analysis by Type of Patent
    12.2    Analysis by Publication year
    12.3    Analysis by Issuing Authority
    12.4    Analysis by Patent Age
    12.5    Analysis by CPC Analysis
    12.6    Analysis by Patent Valuation 
    12.7    Analysis by Key Players
13    Grants Analysis
    13.1    Analysis by Year
    13.2    Analysis by Amount Awarded
    13.3    Analysis by Issuing Authority
    13.4    Analysis by Grant Application
    13.5    Analysis by Funding Institute
    13.6    Analysis by NIH Departments
    13.7    Analysis by Recipient Organization
14    Funding & Investment Analysis
    14.1    Analysis by Funding Instances
    14.2    Analysis by Type of Funding
    14.3    Analysis by Funding Amount
    14.4    Analysis by Leading Players
    14.5    Analysis by Leading Investors
    14.6    Analysis by Geography
15    Partnership and Collaborations Analysis
    15.1    Analysis by Partnership Instances
    15.2    Analysis by Type of Partnership
    15.3    Analysis by Leading Players
    15.4    Analysis by Geography
16    Regulatory Framework
    16.1    Regulatory Overview
        16.1.1    US FDA
        16.1.2    EU EMA
        16.1.3    INDIA CDSCO
        16.1.4    JAPAN PMDA
        16.1.5    Others
17    Supplier Landscape
    17.1    3M
        17.1.1    Financial Analysis
        17.1.2    Product Portfolio
        17.1.3    Demographic Reach and Achievements
        17.1.4    Mergers and Acquisitions
        17.1.5    Certifications
    17.2    Smith & Nephew plc
        17.2.1    Financial Analysis
        17.2.2    Product Portfolio
        17.2.3    Demographic Reach and Achievements
        17.2.4    Mergers and Acquisitions
        17.2.5    Certifications
    17.3    Integra LifeSciences Holdings Corporation
        17.3.1    Financial Analysis
        17.3.2    Product Portfolio
        17.3.3    Demographic Reach and Achievements
        17.3.4    Mergers and Acquisitions
        17.3.5    Certifications
    17.4    Mölnlycke Health Care AB
        17.4.1    Financial Analysis
        17.4.2    Financial Portfolio
        17.4.3    Demographic Reach and Achievements
        17.4.4    Mergers and Acquisitions
        17.4.5    Certifications
    17.5    ConvaTec Group plc.
        17.5.1    Financial Analysis
        17.5.2    Product Portfolio
        17.5.3    Demographic Reach and Achievements
        17.5.4    Mergers and Acquisitions
        17.5.5    Certifications
    17.6    Coloplast A/S
        17.6.1    Financial Analysis
        17.6.2    Product Portfolio
        17.6.3    Demographic Reach and Achievements
        17.6.4    Mergers and Acquisitions
        17.6.5    Certifications
    17.7    Medline Industries, Inc
        17.7.1    Financial Analysis
        17.7.2    Product Portfolio
        17.7.3    Demographic Reach and Achievements
        17.7.4    Mergers and Acquisitions
        17.7.5    Certifications
    17.8    Advanced Medical Solutions Group plc
        17.8.1    Financial Analysis
        17.8.2    Product Portfolio
        17.8.3    Demographic Reach and Achievements
        17.8.4    Mergers and Acquisitions
        17.8.5    Certifications
    17.9    Hollister Incorporated
        17.9.1    Financial Analysis
        17.9.2    Product Portfolio
        17.9.3    Demographic Reach and Achievements
        17.9.4    Mergers and Acquisitions
        17.9.5    Certifications
    17.10    B. Braun Melsungen AG
        17.10.1    Financial Analysis
        17.10.2    Product Portfolio
        17.10.3    Demographic Reach and Achievements
        17.10.4    Mergers and Acquisitions
        17.10.5    Certifications
    17.11    DeRoyal Industries, Inc.
        17.11.1    Financial Analysis
        17.11.2    Product Portfolio
        17.11.3    Demographic Reach and Achievements
        17.11.4    Mergers and Acquisitions
        17.11.5    Certifications
    17.12    PAUL HARTMANN AG
        17.12.1    Financial Analysis
        17.12.2    Product Portfolio
        17.12.3    Demographic Reach and Achievements
        17.12.4    Mergers and Acquisitions
        17.12.5    Certifications
    17.13    Zimmer Biomet
        17.13.1    Financial Analysis
        17.13.2    Product Portfolio
        17.13.3    Demographic Reach and Achievements
        17.13.4    Mergers and Acquisitions
        17.13.5    Certifications
    17.14    Cardinal Health
        17.14.1    Financial Analysis
        17.14.2    Product Portfolio
        17.14.3    Demographic Reach and Achievements
        17.14.4    Mergers and Acquisitions
        17.14.5    Certifications
    17.15    DermaRite Industries, LLC
        17.15.1    Financial Analysis
        17.15.2    Product Portfolio
        17.15.3    Demographic Reach and Achievements
        17.15.4    Mergers and Acquisitions
        17.15.5    Certifications
    17.16    Shield Line
        17.16.1    Financial Analysis
        17.16.2    Product Portfolio
        17.16.3    Demographic Reach and Achievements
        17.16.4    Mergers and Acquisitions
        17.16.5    Certifications
18    Global Advanced Wound Care Market - Distribution Model (Additional Insight)
    18.1    Overview 
    18.2    Potential Distributors 
    18.3    Key Parameters for Distribution Partner Assessment 
19    Key Opinion Leaders (KOL) Insights (Additional Insight)
20    Company Competitiveness Analysis (Additional Insight)

    20.1    Very Small Companies
    20.2    Small Companies
    20.3    Mid-Sized Companies
    20.4    Large Companies
    20.5    Very Large Companies
21    Payment Methods (Additional Insight)
    21.1    Government Funded
    21.2    Private Insurance
    21.3    Out-of-Pocket


*Additional insights provided are customisable as per client requirements.

Key Questions Answered in the Report

The market attained a value of about USD 10.1 billion in 2023, driven by increasing incidence of chronic wounds and injuries requiring advanced wound care.

The market is anticipated to grow at a CAGR of 6.9% during the forecast period of 2024-2032, likely to reach a market value of USD 18.32 billion by 2032.

The key drivers aiding the market growth include the rising prevalence of diabetes, rising research and development in the market, increasing investments, rising disposable incomes, and the rapidly advancing healthcare sector.

Key players like Samsung exploring different fields to develop innovative devices to provide options to consumers in the form of wearables with considerable accuracy to keep track of their health is a major trend influencing the market growth.

Various types of products include wound dressing active wound care, and wound care devices.

Chronic and acute wounds are treated in advanced wound care.

End users in the market are hospitals, clinics, ambulatory surgical centres, homecare settings, and others.

The major regions of the market include North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America is currently leading the global market.

Key players involved in the market are 3M, Smith & Nephew plc, Integra LifeSciences Holdings Corporation, Mölnlycke Health Care AB, ConvaTec Group plc., Coloplast A/S, Medline Industries, Inc, Advanced Medical Solutions Group plc, Hollister Incorporated, B. Braun Melsungen AG, DeRoyal Industries, Inc., PAUL HARTMANN AG, Zimmer Biomet, Cardinal Health, DermaRite Industries, LLC, and Shield Line.

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