The Wound Care Devices Market size was USD 2.63 Billion in 2023 and is expected to Reach USD 3.80 Billion by 2031 and grow at a CAGR of 4.7% over the forecast period of 2024-2031.
The Wound Care Devices Market refers to the sector of the medical device industry that focuses on developing and manufacturing devices used in the treatment and management of various types of wounds. These devices are designed to aid in the healing process, prevent infections, and promote tissue regeneration. They are used in hospitals, clinics, and home care settings to treat acute and chronic wounds, such as surgical wounds, diabetic ulcers, pressure ulcers, and burns. These are applied directly to the wound and can be made from various materials like gauze, foam, hydrocolloids, hydrogels, alginate, and film dressings. These devices use a vacuum to remove excess fluid and promote healing in chronic or hard-to-heal wounds. These devices generate specific wavelengths of light, such as lasers or LEDs, to stimulate tissue healing and reduce inflammation. Hyperbaric Oxygen Therapy (HBOT) Chambers deliver pure oxygen at increased atmospheric pressure to help promote wound healing, particularly in cases of non-healing wounds. Compression Therapy Devices apply controlled pressure to aid in the treatment of oedema, venous ulcers, and other vascular-related wounds. Ultrasound Therapy Devices ultrasound waves to promote tissue healing and improve blood flow.
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The Wound Care Devices Market has seen significant growth due to the rising prevalence of chronic wounds, an ageing population, and an increase in surgical procedures. Advances in technology have also contributed to the development of more effective and innovative wound-care devices. It's important to note that the market landscape may have evolved since my last update, so it's recommended to refer to more recent sources for the latest information on the Wound Care Devices Market. Wound care solutions aid in the treatment of diabetic foot ulcers, which are common in diabetes patients. According to ScienceDirect, diabetic foot ulcers may afflict more than 22-24% of the diabetic population and result in foot amputation in 18-22% of patients. Wound care solutions such as hydrocolloid dressings aid in moisture retention and enable faster wound healing both inside and externally. Furthermore, these medications aid in the absorption of necrotic tissues, which is useful in the treatment of surgical site infections. Thus, healthcare professionals' high preference for wound care products in the treatment of infections is expected to boost wound care industry expansion throughout the forecast period.
DRIVERS:
The elderly population is more susceptible to chronic wounds and slow wound healing.
Increasing Incidence of Chronic Wounds is the main driver of this market.
Chronic wounds, such as diabetic ulcers, venous leg ulcers, and pressure ulcers, are becoming more common as a result of factors such as an ageing population, sedentary lifestyles, and the increased prevalence of diabetes and obesity. This has increased the demand for sophisticated wound care devices to properly control and treat these disorders.
RESTRAIN:
Bringing new wound care devices to the market can be a lengthy and costly process due to strict regulatory requirements and clinical trials.
The high cost of advanced wound care devices is a significant commercial barrier.
Some advanced wound care devices can be relatively expensive, which may limit their adoption, particularly in healthcare systems with budget constraints.
OPPORTUNITY:
Continued research and development in wound care technologies offer opportunities to create more innovative and effective devices.
The growing need for homecare settings represents a significant potential in this sector.
As healthcare trends evolve towards more home-based treatment, there is an increasing demand for wound care devices that are portable, simple to use, and self-administrable. Creating goods that meet the requirements of patients in homecare settings might lead to new market opportunities.
CHALLENGES:
Strict regulatory requirements for medical devices can pose challenges for manufacturers in terms of obtaining approvals and meeting compliance standards.
Competition from Traditional Wound Care Methods is the biggest challenge in this market.
Traditional wound care methods and products, such as basic dressings and bandages, are widely available and may be more affordable. The competition from these traditional options can affect the market penetration of advanced wound care devices.
Medical innovation has often emerged during times of conflict. Many of today's medical therapies, like surgical procedures, blood banks, and penicillin, were developed out of a need on the front lines. As the Ukraine conflict enters its second year, governments throughout the world are increasing defence expenditures to fuel the next generation of military technologies. The United States, predictably, is one of the biggest spenders, with Global Data research suggesting that the country's defence budget would increase by 4-6% in 2022 to $745 Billion, up from $710 billion in 2021. According to the recently enacted 2023 National Military Authorization Act (NDAA), the United States military budget would grow by 12-13% to $825-830 Billion in 2023. It is hoped that it would chart a new route in precision medicine for practitioners on the front lines of conflict, optimising treatment and minimising mistakes in the heat of combat. The world is shifting to precision therapy, which will minimise civilian and army injuries and keep everyone well cared for. It is a goal that all governments must focus on in order to provide the greatest possible care to their residents. The wound care devices market is growing by 8-10% in the Ukraine-Russia war.
IMPACT OF ONGOING RECESSION
Chronic lower extremity ulcers are ones that do not heal in a timely way and have become a serious concern to healthcare systems across the world. These wounds impact an estimated 2.5-5 million persons in the United States alone.1 or 2 Chronic leg and foot ulcers are common in individuals with vascular disease or diabetes and are caused by chronic venous insufficiency, arterial disease, high blood pressure, or neuropathy. These ulcers persist for 14 to 15 months on average, reoccur in up to 62% to 75% of patients, can cause function loss and impaired quality of life, and are a substantial cause of morbidity. All this data the wound care devices market is always growing by 2-3% each year.
By Product
Wound closure Devices
Therapy Devices
Others
By Application
Surgical Wounds
Diabetic Foot
Ulcers
Burns
Pressure Ulcers
Others
By End User
Clinics
Hospitals
Others
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North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
REGIONAL ANALYSIS
North America: The wound care business was controlled by North America. It is predicted to increase at a rapid pace throughout the forecast period. Major factors driving regional market expansion include the presence of a huge population base and a growing patient pool in nations such as the United States. Furthermore, because the older population is more vulnerable to wounds, the market for wound care products in this region will increase.
Asia Pacific: Over the projected period, the Asia Pacific region is expected to have the greatest CAGR in the market. This can be linked to changing living patterns, which have resulted in an increase in the prevalence of chronic illnesses in this region. Furthermore, the number of procedures conducted in this region is growing year after year. As a result of the aforementioned reasons, Asia Pacific is expected to develop at the quickest rate throughout the projection period.
Some major key players in Wound Care Devices Market are ConvaTec Group PLC, Ethicon, Medtronic, Baxter International, URGO Medical, Coloplast Corp., 3M, Derma Sciences Inc., Mölnlycke Health Care AB, Smith & Nephew and other players.
In 2022: Smith & Nephew and Osiris Therapeutics, Inc.: Smith & Nephew purchased Csiris Therapeutics, Inc. in 2022, a premier biotechnology business specialising in wound care regenerative medicine products.
In 2022: Salk Inc. and Medine Industries Inc.: Medline Industries Inc. bought Salk Inc., a major maker of high-quality wound care products, in 2022. The purchase is anticipated to increase Medline's distribution networks and boost its wound care product range.
In 2021: Mölnlycke Health Care AB & sophisticated Medical Solutions Group PLC: In 2021, Advanced Medical Solutions Group PLC (AMS) announced the purchase of Mölnlycke Health Care AB, a global provider of sophisticated wound care and surgical solutions.
| Report Attributes | Details |
| Market Size in 2023 | US$ 2.63 Bn |
| Market Size by 2031 | US$ 3.80 Bn |
| CAGR | CAGR of 4.7% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Product (Wound closure Devices, Therapy Devices, Others) • By Application (Surgical Wounds, Diabetic Foot, Ulcers, Burns, Pressure Ulcers, Others) • By End User (Clinics, Hospitals, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | ConvaTec Group PLC, Ethicon, Medtronic, Baxter International, URGO Medical, Coloplast Corp., 3M, Derma Sciences Inc., Mölnlycke Health Care AB, Smith & Nephew |
| Key Drivers | • The elderly population is more susceptible to chronic wounds and slow wound healing. • Increasing Incidence of Chronic Wounds is the main driver of this market. |
| Market Restraints | • Bringing new wound care devices to the market can be a lengthy and costly process due to strict regulatory requirements and clinical trials. • The high cost of advanced wound care devices is a significant commercial barrier. |
Ans. For the projection period, the compound annual growth rate for the Wound Care Devices Market is 4.7%.
Ans. By 2031, the market for Bovine Mastitis is expected to be worth USD 3.80 Billion.
Ans. The Therapy Devices category is the fastest growing in the Wound Management Devices Market.
Ans. In 2023, North America will have the largest share.
Ans. The primary trend in the wound management devices market is an increase in the global elderly population, which promotes market growth.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Wound Care Devices Market Segmentation, By Product
8.1 Wound Closure Devices
8.2 Therapy Devices
8.3 Others
9. Wound Care Devices Market Segmentation, By Application
9.1 Surgical Wounds
9.2 Diabetic Foot
9.3 Ulcers
9.4 Burns
9.5 Pressure Ulcers
9.6 Others
10. Wound Care Devices Market Segmentation, By End User
10.1 Clinics
10.2 Hospitals
10.3 Others
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Wound Care Devices Market by Country
11.2.2 North America Wound Care Devices Market by Product
11.2.3 North America Wound Care Devices Market by Application
11.2.4 North America Wound Care Devices Market by End User
11.2.5 USA
11.2.5.1 USA Wound Care Devices Market by Product
11.2.5.2 USA Wound Care Devices Market by Application
11.2.5.3 USA Wound Care Devices Market by End User
11.2.6 Canada
11.2.6.1 Canada Wound Care Devices Market by Product
11.2.6.2 Canada Wound Care Devices Market by Application
11.2.6.3 Canada Wound Care Devices Market by End User
11.2.7 Mexico
11.2.7.1 Mexico Wound Care Devices Market by Product
11.2.7.2 Mexico Wound Care Devices Market by Application
11.2.7.3 Mexico Wound Care Devices Market by End User
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Eastern Europe Wound Care Devices Market by Country
11.3.1.2 Eastern Europe Wound Care Devices Market by Product
11.3.1.3 Eastern Europe Wound Care Devices Market by Application
11.3.1.4 Eastern Europe Wound Care Devices Market by End User
11.3.1.5 Poland
11.3.1.5.1 Poland Wound Care Devices Market by Product
11.3.1.5.2 Poland Wound Care Devices Market by Application
11.3.1.5.3 Poland Wound Care Devices Market by End User
11.3.1.6 Romania
11.3.1.6.1 Romania Wound Care Devices Market by Product
11.3.1.6.2 Romania Wound Care Devices Market by Application
11.3.1.6.4 Romania Wound Care Devices Market by End User
11.3.1.7 Turkey
11.3.1.7.1 Turkey Wound Care Devices Market by Product
11.3.1.7.2 Turkey Wound Care Devices Market by Application
11.3.1.7.3 Turkey Wound Care Devices Market by End User
11.3.1.8 Rest of Eastern Europe
11.3.1.8.1 Rest of Eastern Europe Wound Care Devices Market by Product
11.3.1.8.2 Rest of Eastern Europe Wound Care Devices Market by Application
11.3.1.8.3 Rest of Eastern Europe Wound Care Devices Market by End User
11.3.2 Western Europe
11.3.2.1 Western Europe Wound Care Devices Market by Country
11.3.2.2 Western Europe Wound Care Devices Market by Product
11.3.2.3 Western Europe Wound Care Devices Market by Application
11.3.2.4 Western Europe Wound Care Devices Market by End User
11.3.2.5 Germany
11.3.2.5.1 Germany Wound Care Devices Market by Product
11.3.2.5.2 Germany Wound Care Devices Market by Application
11.3.2.5.3 Germany Wound Care Devices Market by End User
11.3.2.6 France
11.3.2.6.1 France Wound Care Devices Market by Product
11.3.2.6.2 France Wound Care Devices Market by Application
11.3.2.6.3 France Wound Care Devices Market by End User
11.3.2.7 UK
11.3.2.7.1 UK Wound Care Devices Market by Product
11.3.2.7.2 UK Wound Care Devices Market by Application
11.3.2.7.3 UK Wound Care Devices Market by End User
11.3.2.8 Italy
11.3.2.8.1 Italy Wound Care Devices Market by Product
11.3.2.8.2 Italy Wound Care Devices Market by Application
11.3.2.8.3 Italy Wound Care Devices Market by End User
11.3.2.9 Spain
11.3.2.9.1 Spain Wound Care Devices Market by Product
11.3.2.9.2 Spain Wound Care Devices Market by Application
11.3.2.9.3 Spain Wound Care Devices Market by End User
11.3.2.10 Netherlands
11.3.2.10.1 Netherlands Wound Care Devices Market by Product
11.3.2.10.2 Netherlands Wound Care Devices Market by Application
11.3.2.10.3 Netherlands Wound Care Devices Market by End User
11.3.2.11 Switzerland
11.3.2.11.1 Switzerland Wound Care Devices Market by Product
11.3.2.11.2 Switzerland Wound Care Devices Market by Application
11.3.2.11.3 Switzerland Wound Care Devices Market by End User
11.3.2.1.12 Austria
11.3.2.12.1 Austria Wound Care Devices Market by Product
11.3.2.12.2 Austria Wound Care Devices Market by Application
11.3.2.12.3 Austria Wound Care Devices Market by End User
11.3.2.13 Rest of Western Europe
11.3.2.13.1 Rest of Western Europe Wound Care Devices Market by Product
11.3.2.13.2 Rest of Western Europe Wound Care Devices Market by Application
11.3.2.13.3 Rest of Western Europe Wound Care Devices Market by End User
11.4 Asia-Pacific
11.4.1 Asia-Pacific Wound Care Devices Market by Country
11.4.2 Asia-Pacific Wound Care Devices Market by Product
11.4.3 Asia-Pacific Wound Care Devices Market by Application
11.4.4 Asia-Pacific Wound Care Devices Market by End User
11.4.5 China
11.4.5.1 China Wound Care Devices Market by Product
11.4.5.2 China Wound Care Devices Market by Application
11.4.5.3 China Wound Care Devices Market by End User
11.4.6 India
11.4.6.1 India Wound Care Devices Market by Product
11.4.6.2 India Wound Care Devices Market by Application
11.4.6.3 India Wound Care Devices Market by End User
11.4.7 japan
11.4.7.1 Japan Wound Care Devices Market by Product
11.4.7.2 Japan Wound Care Devices Market by Application
11.4.7.3 Japan Wound Care Devices Market by End User
11.4.8 South Korea
11.4.8.1 South Korea Wound Care Devices Market by Product
11.4.8.2 South Korea Wound Care Devices Market by Application
11.4.8.3 South Korea Wound Care Devices Market by End User
11.4.9 Vietnam
11.4.9.1 Vietnam Wound Care Devices Market by Product
11.4.9.2 Vietnam Wound Care Devices Market by Application
11.4.9.3 Vietnam Wound Care Devices Market by End User
11.4.10 Singapore
11.4.10.1 Singapore Wound Care Devices Market by Product
11.4.10.2 Singapore Wound Care Devices Market by Application
11.4.10.3 Singapore Wound Care Devices Market by End User
11.4.11 Australia
11.4.11.1 Australia Wound Care Devices Market by Product
11.4.11.2 Australia Wound Care Devices Market by Application
11.4.11.3 Australia Wound Care Devices Market by End User
11.4.12 Rest of Asia-Pacific
11.4.12.1 Rest of Asia-Pacific Wound Care Devices Market by Product
11.4.12.2 Rest of Asia-Pacific Wound Care Devices Market by Application
11.4.12.3 Rest of Asia-Pacific Wound Care Devices Market by End User
11.5 Middle East & Africa
11.5.1 Middle East
11.5.1.1 Middle East Wound Care Devices Market by Country
11.5.1.2 Middle East Wound Care Devices Market by Product
11.5.1.3 Middle East Wound Care Devices Market by Application
11.5.1.4 Middle East Wound Care Devices Market by End User
11.5.1.5 UAE
11.5.1.5.1 UAE Wound Care Devices Market by Product
11.5.1.5.2 UAE Wound Care Devices Market by Application
11.5.1.5.3 UAE Wound Care Devices Market by End User
11.5.1.6 Egypt
11.5.1.6.1 Egypt Wound Care Devices Market by Product
11.5.1.6.2 Egypt Wound Care Devices Market by Application
11.5.1.6.3 Egypt Wound Care Devices Market by End User
11.5.1.7 Saudi Arabia
11.5.1.7.1 Saudi Arabia Wound Care Devices Market by Product
11.5.1.7.2 Saudi Arabia Wound Care Devices Market by Application
11.5.1.7.3 Saudi Arabia Wound Care Devices Market by End User
11.5.1.8 Qatar
11.5.1.8.1 Qatar Wound Care Devices Market by Product
11.5.1.8.2 Qatar Wound Care Devices Market by Application
11.5.1.8.3 Qatar Wound Care Devices Market by End User
11.5.1.9 Rest of Middle East
11.5.1.9.1 Rest of Middle East Wound Care Devices Market by Product
11.5.1.9.2 Rest of Middle East Wound Care Devices Market by Application
11.5.1.9.3 Rest of Middle East Wound Care Devices Market by End User
11.5.2 Africa
11.5.2.1 Africa Wound Care Devices Market by Country
11.5.2.2 Africa Wound Care Devices Market by Product
11.5.2.3 Africa Wound Care Devices Market by Application
11.5.2.4 Africa Wound Care Devices Market by End User
11.5.2.5 Nigeria
11.5.2.5.1 Nigeria Wound Care Devices Market by Product
11.5.2.5.2 Nigeria Wound Care Devices Market by Application
11.5.2.5.3 Nigeria Wound Care Devices Market by End User
11.5.2.6 South Africa
11.5.2.6.1 South Africa Wound Care Devices Market by Product
11.5.2.6.2 South Africa Wound Care Devices Market by Application
11.5.2.6.3 South Africa Wound Care Devices Market by End User
11.5.2.7 Rest of Africa
11.5.2.7.1 Rest of Africa Wound Care Devices Market by Product
11.5.2.7.2 Rest of Africa Wound Care Devices Market by Application
11.5.2.7.3 Rest of Africa Wound Care Devices Market by End User
11.6 Latin America
11.6.1 Latin America Wound Care Devices Market by Country
11.6.2 Latin America Wound Care Devices Market by Product
11.6.3 Latin America Wound Care Devices Market by Application
11.6.4 Latin America Wound Care Devices Market by End User
11.6.5 Brazil
11.6.5.1 Brazil America Wound Care Devices Market by Product
11.6.5.2 Brazil America Wound Care Devices Market by Application
11.6.5.3 Brazil America Wound Care Devices Market by End User
11.6.6 Argentina
11.6.6.1 Argentina America Wound Care Devices Market by Product
11.6.6.2 Argentina America Wound Care Devices Market by Application
11.6.6.3 Argentina America Wound Care Devices Market by End User
11.6.7 Colombia
11.6.7.1 Colombia America Wound Care Devices Market by Product
11.6.7.2 Colombia America Wound Care Devices Market by Application
11.6.7.3 Colombia America Wound Care Devices Market by End User
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Wound Care Devices Market by Product
11.6.8.2 Rest of Latin America Wound Care Devices Market by Application
11.6.8.3 Rest of Latin America Wound Care Devices Market by End User
12 Company profile
12.1 ConvaTec Group PLC
12.1.1 Company Overview
12.1.2 Financials
12.1.3 Product/Services Offered
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Ethicon
12.2.1 Company Overview
12.2.2 Financials
12.2.3 Product/Services Offered
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Medtronic
12.3.1 Company Overview
12.3.2 Financials
12.3.3 Product/Services Offered
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Baxter International
12.4.1 Company Overview
12.4.2 Financials
12.4.3 Product/Services Offered
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 URGO Medical
12.5.1 Company Overview
12.5.2 Financials
12.5.3 Product/Services Offered
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Coloplast Corp
12.6.1 Company Overview
12.6.2 Financials
12.6.3 Product/Services Offered
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 3M
12.7.1 Company Overview
12.7.2 Financials
12.7.3 Product/Services Offered
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Derma Sciences Inc
12.8.1 Company Overview
12.8.2 Financials
12.8.3 Product/Services Offered
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Mölnlycke Health Care AB
12.9.1 Company Overview
12.9.2 Financials
12.9.3 Product/Services Offered
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Smith & Nephew
12.10.1 Company Overview
12.10.2 Financials
12.10.3 Product/Services Offered
12.10.4 SWOT Analysis
12.10.5 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. Use Case and Best Practices
15. Conclusion
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