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Report Overview

2023

Base Year

2017-2023

Historical Year

2024-2032

Forecast Year

Global Wound Therapy Devices Market Outlook

The global wound therapy devices market size was valued at USD 2.43 billion in 2023, driven by the rising geriatric population, rising cases of accidents, rising cases of diabetic foot ulcers, venous leg ulcers, availability of skilled professionals, and improvement in healthcare infrastructure. The market is anticipated to grow at a CAGR of 5.8% during the forecast period 2024-2032 to reach a value of USD 4.04 billion by 2032.

Wound Therapy Devices Market

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Market Segmentation

Wound therapy devices help in wound treatment and prevent infections, which might be caused by wounds by removing infectious materials, bodily fluids, and wound exudates from the area.

The wound therapy devices market can be broadly categorised based on its product types into:

  • NPWT devices
  • HBOT devices
  • Others

The EMR report looks into the regional markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.

Wound Therapy Devices Market by Product

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Market Analysis

The rising prevalence of acute as well as chronic injuries is driving the market for wound therapy devices. Roughly 15,000 per million people in developed countries suffer from a chronic injury in their lives, further adding to the use of wound treatment devices. Besides, the growing global prevalence of acute injuries, including surgical wounds and traumatic injuries, resulting from abrasion, punching, laceration, and incision, also impacts the wound therapy devices market positively.

Wound Therapy Devices Market by Region

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Competitive Landscape

The report presents a detailed analysis of the following key players in the global wound therapy devices market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Acelity L.P., Inc.
  • Cardinal Health, Inc. (NYSE: CAH)
  • ConvaTec Inc.
  • Paul Hartmann AG
  • Smith & Nephew plc
  • B. Braun Melsungen AG
  • Medtronic
  • 3M Company
  • Mölnlycke Health Care AB
  • PAUL HARTMANN AG
  • KCI Licensing, Inc. (Acelity Inc.)
  • Medela AG
  • Others

The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

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
  • Wound Type
  • End User
  • Region
Breakup by Product
  • NPWT Devices
  • HBOT Devices
  • Others
Breakup by Wound Type
  • Acute Wound
  • Chronic Wound
Breakup by End User
  • Hospitals
  • Specialty Clinics
  • Ambulatory Surgical Centres
  • 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
Supplier Landscape
  • Market Structure
  • Company Profiles
    • Financial Analysis
    • Product Portfolio
    • Demographic Reach and Achievements
    • Mergers and Acquisitions
    • Certifications
Companies Covered
  • Acelity L.P., Inc.
  • Cardinal Health, Inc. (NYSE: CAH)
  • ConvaTec Inc.
  • Paul Hartmann AG
  • Smith & Nephew plc
  • B. Braun Melsungen AG
  • Medtronic
  • 3M Company
  • Mölnlycke Health Care AB
  • PAUL HARTMANN AG
  • KCI Licensing, Inc. (Acelity Inc.)
  • Medela AG
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The global wound therapy devices market reached a value of USD 2.43 billion in 2023.

The market is projected to grow at a CAGR of 5.8% during the forecast period of 2024-2032 to reach a value of USD 4.04 billion by 2032.

The major drivers of the market include the rising geriatric population, launch of technologically advanced products, rising cases of accidents, rising cases of diabetic foot ulcers, venous leg ulcers, availability of skilled professionals, and improvement in healthcare infrastructure.

The rising prevalence of acute as well as chronic injuries and surgical wounds and traumatic injuries are the key industry trends propelling the market's growth.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The wound therapy devices market can be broadly categorised based on its product into NPWT devices and HBOT devices, among others.

The major players in the industry are Acelity L.P., Inc., Cardinal Health, Inc. (NYSE: CAH), ConvaTec Inc., Paul Hartmann AG, Smith & Nephew plc, B. Braun Melsungen AG, Medtronic, 3M Company, Mölnlycke Health Care AB, PAUL HARTMANN AG, KCI Licensing, Inc. (Acelity Inc.), and Medela AG, among others.

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+1-415-325-5166

63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63 287899028, +63 967 048 3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124