Report Scope & Overview:
The Wound Care Market Size was valued at USD 22.43 billion in 2022, and is expected to reach USD 32.89 billion by 2030, and grow at a CAGR of 4.9% over the forecast period 2023-2030.
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.
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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.
A rise in the number of acute and chronic wounds
Elderly population is increasing.
New product introductions and reimbursements
Wound care product adverse effects
High cost of wound care products
Lack of knowledge about products
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.
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 .
KEY MARKET SEGMENTS:
Advanced Wound Care Products
Surgical Wound Care Products
Traditional Wound Care Products
By Wound Type
Surgical & Traumatic Wounds
Diabetic Foot Ulcers
Venous leg Ulcers
Hospitals & Clinicals
Long-term Patient Care
Home Care Settings
By Distribution Channel
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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.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
Major 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 and Other Players.
Mölnlycke Health Care AB-Company Financial Analysis
|Market Size in 2022
|US$ 22.43 Billion
|Market Size by 2030
|US$ 32.89 Billion
|CAGR of 4.9% From 2023 to 2030
|Report Scope & Coverage
|Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
• By Product (Advanced Wound Care Products, Surgical Wound Care Products, Traditional Wound Care Products)
|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)
|3M Company, Smith & Nephew PLC, Mölnlycke Health Care AB, Acelity, ConvaTec Group PLC, Johnson & Johnson, Baxter, Coloplast Corp., Medtronic, 3M, Integra LifeSciences.
|• A rise in the number of acute and chronic wounds
• Elderly population is increasing.
• New product introductions and reimbursements
|• Wound care product adverse effects
• High cost of wound care products
• Lack of knowledge about products
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
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
184.108.40.206 United Kingdom
220.127.116.11 South Korea
18.104.22.168 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Wound Care Market Segmentation, by Product
8.1 Advanced Wound Care Products
8.2 Surgical Wound Care Products
8.3 Traditional Wound Care Products
9. Wound Care Market Segmentation, by Wound Type
9.1 Surgical & Traumatic Wounds
9.2 Diabetic Foot Ulcers
9.3 Pressure Ulcers
9.4 Venous leg Ulcers
10. Wound Care Market Segmentation, by End-Use
10.1 Hospitals & Clinicals
10.2 Long-term Patient Care
10.3 Home Care Settings
11. Wound Care Market Segmentation, by Distribution Channel
11.1 Institutional Sales
11.2 Retail Sales
12. Regional Analysis
12.2 North America
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4.2 South Korea
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.3 South Africa
12.6 Latin America
12.6.3 Rest of Latin America
13. Company Profiles
13.1 Smith & Nephew PLC
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
13.6 ConvaTec Group PLC
13.7 Johnson & Johnson
13.9 Coloplast Corp.
13.12 Integra LifeSciences.
14. Competitive Landscape
14.1 Competitive Benchmark
14.2 Market Share Analysis
14.3 Recent Developments
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