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Wound Care Market

Wound Care Market Size, Share & Segment by Product Type (Advanced Wound Care, Wound Closure, Traditional Wound Care), by Wound Type (Chronic, Acute), by Application (Surgical, Traumatic, Ulcers, Burns), by End User (Inpatient Facilities, Outpatient Facilities), and by Regions | Global Market Forecast 2022-2028

Report Id: SNS/HC/1087 | May 2022 | Region: Global | 125 Pages

Report Scope & Overview:

The Wound Care Market Size was valued at USD 21.39 billion in 2021, and expected to reach USD 29.91 billion by 2028, and grow at a CAGR of 4.9% over the forecast period 2022-2028.

The growing number of surgical cases and the rising frequency of chronic diseases around the world are driving up the demand for wound care solutions. Moreover, the rising prevalence of diabetes as a result of a poor diet is one of the major drivers of market expansion.

Wound Care Market

Hydrocolloid dressings, for example, aid in moisture retention and allow for faster wound healing both externally and internally. These medications also aid in the absorption of necrotic tissues, which is beneficial in the case of surgical site infections. As a result, healthcare workers choose to employ wound care products, propelling the wound care market forward over the forecast period.

MARKET DYNAMICS

KEY DRIVERS

  • A rise in the number of acute and chronic wounds

  • Elderly population is increasing.

  • New product introductions and reimbursements

RESTRAINTS/CHALLENGES: 

  • Wound care product adverse effects

  • High cost of wound care products

  • Lack of knowledge about products

OPPORTUNITIES: 

  • Refine products are required. providing a platform for product innovation

  • Producers are attempting to extend their market through acquiring businesses, mainly in emerging countries.

IMPACT OF COVID-19

The COVID-19 virus has spread to nearly all countries on the earth, causing the WHO to declare it a public health emergency. The impact of COVID-19 on the industry has been reported to be undesirable since a big lot of nations adopted lockdown to avoid community transmission of the virus. During the early days of the COVID-19 pandemic, the market faced a short-term disruption due to supply chain disruptions and a decline in non-urgent in-person clinic visits, which had a negative impact. Due to the rapid spread of the coronavirus, some manufacturers have been forced to halt their production and manufacturing processes. The risk of patients contracting COVID-19 infection in hospitals and other healthcare settings hampered market growth.

MARKET ESTIMATION

By product The therapeutic devices sector may get the most market share.  Moreover, due to an rise in the frequency of chronic conditions such as diabetes and obesity, as well as a rise in demand for novel and advanced wound care products, this category is predicted to develop at the quickest rate during the forecast period.

By Application The chronic wound segment can produce greater money.

By End User This is due to an increase in the occurrence of post-operative surgical wounds, an increase in the senior population, greater awareness and diagnosis, and technological developments. Due to an increase in the number of operations conducted and a growing number of people preferring to visit hospitals for various instances such as surgical wounds, burns, and ulcers, hospitals accounted for the bulk of the advanced wound care market share .

COMPETITIVE LANDSCAPE

Majore Key Players Of Wound Care Market are as followe 3M Company, Smith & Nephew PLC, Mölnlycke Health Care AB, Acelity, ConvaTec Group PLC, Johnson & Johnson, Baxter, Coloplast Corp., Medtronic, 3M, Integra LifeSciences.

KEY MARKET SEGMENTS:

By Product Type

  • Advanced Wound Care

  • Wound Closure

  • Traditional Wound Care

By Wound Type

  • Chronic

  • Acute

By Application

  • Surgical

  • Traumatic

  • Ulcers

  • Burns

By End User

  • Inpatient Facilities

  • Outpatient Facilities

Wound Care Market

REGIONAL ANALYSIS

North America held the biggest market share, and this is likely to continue throughout the projection period. Due to population growth and an increase in the aging population, it presents chances for main players in the advanced wound care market. Furthermore, the wound care market in this region is predicted to grow due to an increase in healthcare expenditure and the creation of recommendations.

REGIONAL COVERAGE:

North America

  • USA

  • Canada

  • Mexico

Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • The Netherlands

  • Rest of Europe

Asia-Pacific

  • Japan

  • south Korea

  • China

  • India

  • Australia

  • Rest of Asia-Pacific

The Middle East & Africa

  • Israel

  • UAE

  • South Africa

  • Rest of Middle East & Africa

Latin America

  • Brazil

  • Argentina

  • Rest of Latin America

Wound Care Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 21.39 Billion
Market Size by 2028 US$ 29.91 Billion
CAGR CAGR of 4.9% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Product Type (Advanced Wound Care, Wound Closure, Traditional Wound Care)
• By Wound Type (Chronic, Acute)
• By Application (Surgical, Traumatic, Ulcers, Burns)
• By End User (Inpatient Facilities, Outpatient Facilities)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles 3M Company, Smith & Nephew PLC, Mölnlycke Health Care AB, Acelity, ConvaTec Group PLC, Johnson & Johnson, Baxter, Coloplast Corp., Medtronic, 3M, Integra LifeSciences.
DRIVERS • A rise in the number of acute and chronic wounds
• Elderly population is increasing.
• New product introductions and reimbursements
RESTRAINTS • Wound care product adverse effects
• High cost of wound care products
• Lack of knowledge about products


Frequently Asked Questions (FAQ) :

The wound Care Market Size was valued at USD 21.39 billion in 2021.

3M Company, Smith & Nephew PLC, Mölnlycke Health Care AB, Acelity, ConvaTec Group PLC, Johnson & Johnson, and Baxter are the key players in the Wound Care market.

North America held the biggest market share, and this is likely to continue throughout the projection period.

The elderly population is increasing, and new product introductions and reimbursements, are all propelling the Wound Care market forward.

Wound care products' adverse effects and the High cost of wound care products are the main restraints of the Wound Care market.


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 COVID 19 Impact Analysis
4.2 Impact of Ukraine ware

5. Value Chain Analysis
 
6. Porter’s 5 forces model
 
7.  PEST Analysis
  
8. Wound Care Market  Segmentation, by  Product Type
8.1 Advanced Wound Care
8.2 Wound Closure
8.3 Traditional Wound Care

9. Wound Care Market Segmentation, by Wound Type
9.1 Chronic
9.2 Acute

10. Wound Care Market  Segmentation, By Application
10.1 Surgical
10.2 Traumatic
10.3 Ulcers
10.4 Burns

11. Wound Care Market  Segmentation, By End User
11.1 Inpatient Facilities
11.2 Outpatient Facilities

12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 USA
12.2.2 Canada
12.2.3 Mexico
12.3    Europe
12.3.1 Germany
12.3.2 UK
12.3.3 France
12.3.4 Italy
12.3.5 Spain
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4    Asia-Pacific
12.4.1 Japan
12.4.2 South Korea
12.4.3 China
12.4.4 India
12.4.5 Australia
12.4.6 Rest of Asia-Pacific
12.5    The Middle East & Africa
12.5.1 Israel
12.5.2 UAE
12.5.3 South Africa
12.5.4 Rest
12.6    Latin America
12.6.1 Brazil
12.6.2 Argentina
12.6.3 Rest of Latin America


13. Company Profiles
13.1 Smith & Nephew PLC
13.1.1 Financial
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 3M Company
13.3 Smith & Nephew PLC
13.4  Mölnlycke Health Care AB
13.5  Acelity
13.6 ConvaTec Group PLC
13.7  Johnson & Johnson
13.8 Baxter
13.9 Coloplast Corp.
13.10 Medtronic
13.11 3M
13.12 Integra LifeSciences.
 
14. Competitive Landscape
14.1 Competitive Benchmark
14.2 Market Share analysis
14.3 Recent Developments

15. Conclusion
 

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Secondary Research

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