Wound Care Market to grow by USD 6,834.57 million from 2022 to 2027

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31 Jul, 2023, 12:30 ET

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NEW YORK, July 31, 2023 /PRNewswire/ -- The wound care market size is estimated to grow USD 6,834.57 million at a CAGR of 5.98% from 2022 to 2027 during the forecast period. The number of acute and chronic wounds is the key driver for the growth of the market. The main market drivers for these wounds are ulcers, burns, and postoperative wounds across the world. Consequently, the increasing occurrence of acute wounds, such as surgical and traumatic wounds, is caused due to factors such as abrasion, puncture, laceration, and incision, and chronic wounds, such as diabetic ulcers, venous ulcers, and pressure ulcers are estimated to increase the need for advanced wound care devices. According to data from the National Institutes of Health (NIH), in the US, in 2019, it is estimated that nearly 2% of the total population is affected by chronic injuries. The number of people with chronic wounds is rising worldwide owing to the increasing prevalence of diabetes mellitus. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. Request sample report

Wound Care Market 2023-2027: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The soft skills training market report covers the following areas:

Wound Care Market 2023-2027: Vendor Analysis

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. 3M Co., Advancis Medical, Avery Dennison Corp., Axio Biosolutions Pvt. Ltd., Azelis SA, B.Braun SE, Cardinal Health Inc., Coloplast AS, ConvaTec Group Plc, Galaxy Medicare Ltd., Harro Hofliger GmbH, Johnson and Johnson Services Inc., Medline Industries LP, Medtronic Plc, Molnlycke Health Care AB, Organogenesis Holdings Inc., Paul Hartmann AG, Resonetics, Smith and Nephew plc, and URGO Group are among some of the major market participants.

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What`s New for 2023?

Wound Care Market 2023-2027 - Market Dynamics

Laeding Trend -

Significant Challenge -

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Wound Care Market 2023-2027: Segmentation

Wound Care Market is segmented as below:

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Wound Care Market 2023-2027: Key Highlights

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Related Reports:The wound debridement market size is estimated to grow by USD 474.77 at a CAGR of 7.31% between 2022 and 2027. Furthermore, technavio has segmented the market into end-user, product, and geography. The end-user segment is classified into hospitals, clinics, and others. The product segment is classified into autolytic, surgical, mechanical, enzymatic, and others. The geography segment includes key regions such as North America, Europe, Asia, and Rest of World (ROW). Increased efforts in clinical and preclinical research is the key driver for the growth of the market during the forecast period.

The patch-based wound healing market is expected to increase by USD 329.13 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.8%. Furthermore, this report extensively covers patch-based wound healing market segmentation by application (acute wounds and chronic wounds) and geography (North America, Europe, Asia, and Rest of World (ROW)). The increasing demand for advanced wound healing products is notably driving the patch-based wound healing market growth during the forecast period.

Wound Care Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 5.98%

Market growth 2023-2027

USD 6,834.57 million

Market structure

Fragmented

YoY growth 2022-2023(%)

5.22

Regional analysis

North America, Europe, Asia, and Rest of World (ROW)

Performing market contribution

North America at 41%

Key countries

US, Germany, France, UK, and Japan

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

3M Co., Advancis Medical, Avery Dennison Corp., Axio Biosolutions Pvt. Ltd., Azelis SA, B.Braun SE, Cardinal Health Inc., Coloplast AS, ConvaTec Group Plc, Galaxy Medicare Ltd., Harro Hofliger GmbH, Johnson and Johnson Services Inc., Medline Industries LP, Medtronic Plc, Molnlycke Health Care AB, Organogenesis Holdings Inc., Paul Hartmann AG, Resonetics, Smith and Nephew plc, and URGO Group

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table Of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Product

7 Market Segmentation by Application

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

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SOURCE Technavio