Advanced Wound Care And Closure Market
Advanced Wound Care and Closure Market Forecasts to 2030 - Global Analysis By Product Type (Dressings, Negative Pressure Wound Therapy (NPWT), Skin Substitutes and Other Product Types), Wound Type (Chronic Wounds and Acute Wounds), End User and By Geography
|
Years Covered |
2022-2030 |
|
Estimated Year Value (2024) |
US $22.2 BN |
|
Projected Year Value (2030) |
US $33.2 BN |
|
CAGR (2024-2030) |
6.2% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Advanced Wound Care and Closure Market is accounted for $22.2 billion in 2024 and is expected to reach $33.2 billion by 2030, growing at a CAGR of 6.2% during the forecast period. Advanced wound care and closure are specialized medical interventions and products used to manage and speed up the healing of complex wounds, such as acute wounds from trauma or surgery, as well as chronic wounds like diabetic foot ulcers, pressure ulcers, and venous leg ulcers. Advanced dressings, skin substitutes, negative pressure wound therapy (NPWT), and closure products such as tissue adhesives, staples, and sutures are all included. These remedies seek to improve patient outcomes, promote healing, and stop infection.
According to the U.S. government estimates, by the year 2060, the elderly population will be over 77 million. Overall, in the United States approximately 2% of the total population are estimated to be affected by chronic wounds.
Market Dynamics:
Driver:
Rising prevalence of chronic diseases
The increasing prevalence of chronic diseases, such as diabetes, obesity, and cardiovascular disorders, is a significant driver for the advanced wound care and closure market. These conditions often lead to chronic wounds, including diabetic foot ulcers, pressure ulcers, and venous leg ulcers, which require advanced wound care solutions. The growing aging population, which is more susceptible to these diseases, further amplifies this trend. As the number of patients with chronic wounds rises, the demand for advanced wound care products and technologies increases, driving market growth.
Restraint:
High cost of advanced wound care products
The high cost of advanced wound care products poses a significant restraint to market growth. These products often incorporate sophisticated technologies and materials, resulting in higher production costs and, consequently, higher prices for end-users. The expense can be prohibitive for many patients, especially in developing countries or areas with limited healthcare coverage. The cost factor can lead to slower adoption rates and limited market penetration in certain regions.
Opportunity:
Advancements in regenerative medicine
Advancements in regenerative medicine focus on repairing, replacing, or regenerating damaged tissues and organs, offering promising solutions for complex wound healing. Innovations in stem cell therapy, tissue engineering, and growth factors are opening new avenues for treating chronic and acute wounds. These technologies have the potential to accelerate healing, reduce scarring, and improve overall patient outcomes. As research progresses and clinical applications expand, regenerative medicine approaches are likely to become more integrated into advanced wound care protocols.
Threat:
Product recalls and safety concerns
Incidents of product defects, adverse reactions, or unforeseen complications can lead to recalls, damaging both company reputations and consumer trust. Such events may result in regulatory scrutiny, legal liabilities, and financial losses for manufacturers. Safety concerns can also slow down the adoption of new technologies as healthcare providers become more cautious. Additionally, negative publicity surrounding these issues can impact the entire industry, potentially slowing market growth.
Covid-19 Impact:
The COVID-19 pandemic initially disrupted the advanced wound care and closure market, causing supply chain issues and postponement of non-emergency procedures. However, it also highlighted the importance of advanced wound care in preventing complications in COVID-19 patients. The pandemic accelerated the adoption of telehealth solutions for wound care management and emphasized the need for infection control measures in wound treatment protocols. These changes are likely to have lasting effects on market trends and product development.
The dressings segment is expected to be the largest during the forecast period
Over the forecasted timeframe, the dressings segment is anticipated to dominate the market share. This dominance can be attributed to the wide range of dressing types available, including foam dressings, hydrocolloid dressings, alginate dressings, and antimicrobial dressings, each catering to specific wound types and healing stages. The versatility and effectiveness of advanced dressings in managing various wound conditions, from chronic ulcers to surgical wounds, contribute to their widespread use. Additionally, ongoing innovations in dressing materials and designs, such as smart dressings with sensors for wound monitoring, are further driving the segment's growth.
The negative pressure wound therapy (NPWT) segment is expected to have the highest CAGR during the forecast period
During the projection period, the negative pressure wound therapy (NPWT) segment is expected to grow at the highest CAGR. This rapid growth can be attributed to the increasing recognition of NPWT's effectiveness in managing complex and hard-to-heal wounds. NPWT systems promote faster healing by creating a controlled negative pressure environment that removes excess fluid, reduces edema, and stimulates granulation tissue formation. The technology's versatility in treating various wound types, including surgical wounds, pressure ulcers, and diabetic foot ulcers, contributes to its growing adoption.
Region with largest share:
During the estimation period, the North America region is expected to capture the largest market share. This dominance can be attributed to several factors, including the region's well-established healthcare infrastructure, high healthcare expenditure, and early adoption of advanced medical technologies. The prevalence of chronic diseases such as diabetes and obesity, which often lead to complex wounds, is also higher in North America. The region benefits from a strong presence of key market players, driving innovation and product availability. Additionally, favorable reimbursement policies for advanced wound care products and a growing aging population contribute to the market's size.
Region with highest CAGR:
The Asia Pacific region is projected to achieve the highest CAGR during the forecast period. This rapid growth can be attributed to several factors, including the region's large and growing population, increasing healthcare expenditure, and improving healthcare infrastructure. The rising prevalence of chronic diseases, coupled with a growing awareness of advanced wound care techniques, is driving market expansion. Governments in countries like China and India are investing heavily in healthcare modernization, creating opportunities for advanced wound care adoption. The region's expanding medical tourism industry also contributes to market growth.
Key players in the market
Some of the key players in Advanced Wound Care and Closure Market include 3M Company, Smith & Nephew plc, ConvaTec Group plc, Coloplast A/S, Mölnlycke Health Care AB, B. Braun Melsungen AG, Johnson & Johnson, Medtronic plc, Cardinal Health, Inc., Paul Hartmann AG, Integra LifeSciences Holdings Corporation, Baxter International Inc., Essity AB, Acelity L.P. Inc., Organogenesis Holdings Inc., Hollister Incorporated, MiMedx Group, Inc., and Ethicon, Inc.
Key Developments:
In October 2024, Mölnlycke Health Care AB acquired P.G.F. Industry Solutions GmbH, the manufacturer of Granudacyn wound cleansing and moisturizing solutions, to expand its wound care portfolio.
In April 2024, Smith+Nephew, the global medical technology company, is pleased to announce the launch of its RENASYS EDGE Negative Pressure Wound Therapy (NPWT) System in the US as a patient-centric option for treating chronic wounds. The system is lightweight and compact, allowing it to be easily carried or worn. It features a discreet canister and operates quietly so as not to draw attention or disturb the patients’ daily activities.
In January 2024, 3M Company received a $34.2 million award from the U.S. Army Medical Research Acquisition Activity to develop new solutions for infection prevention, wound management, and wound healing, focusing on treatment strategies for emergency settings and mass casualty situations.
Product Types Covered:
• Dressings
• Negative Pressure Wound Therapy (NPWT)
• Skin Substitutes
• Wound Cleansers and Disinfectants
• Sutures and Staples
• Adhesives and Sealants
• Wound Care Devices
Wound Types Covered:
• Chronic Wounds
• Acute Wounds
End Users Covered:
• Hospitals
• Home Healthcare
• Ambulatory Surgical Centers (ASCs)
• Wound Care Centers
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Advanced Wound Care and Closure Market, By Product Type
5.1 Introduction
5.2 Dressings
5.2.1 Alginate
5.2.2 Hydrocolloid
5.2.3 Hydrogel
5.2.4 Foam
5.2.5 Other Dressings
5.3 Negative Pressure Wound Therapy (NPWT)
5.4 Skin Substitutes
5.5 Wound Cleansers and Disinfectants
5.6 Sutures and Staples
5.6.1 Absorbable Sutures
5.6.2 Non-Absorbable Sutures
5.6.3 Surgical Staples
5.7 Adhesives and Sealants
5.7.1 Tissue Adhesives
5.7.2 Surgical Sealants
5.8 Wound Care Devices
5.8.1 Debridement Tools
5.8.2 Wound Irrigation Systems
5.8.3 Other Wound Care Devices
6 Global Advanced Wound Care and Closure Market, By Wound Type
6.1 Introduction
6.2 Chronic Wounds
6.2.1 Diabetic Foot Ulcers
6.2.2 Pressure Ulcers
6.2.3 Venous Leg Ulcers
6.2.4 Other Chronic Wounds
6.3 Acute Wounds
6.3.1 Surgical Wounds
6.3.2 Traumatic Wounds
6.3.3 Burns
6.3.4 Other Acute Wounds
7 Global Advanced Wound Care and Closure Market, By End User
7.1 Introduction
7.2 Hospitals
7.3 Home Healthcare
7.4 Ambulatory Surgical Centers (ASCs)
7.5 Wound Care Centers
7.6 Other End Users
8 Global Advanced Wound Care and Closure Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 3M Company
10.2 Smith & Nephew plc
10.3 ConvaTec Group plc
10.4 Coloplast A/S
10.5 Mölnlycke Health Care AB
10.6 B. Braun Melsungen AG
10.7 Johnson & Johnson
10.8 Medtronic plc
10.9 Cardinal Health, Inc.
10.10 Paul Hartmann AG
10.11 Integra LifeSciences Holdings Corporation
10.12 Baxter International Inc.
10.13 Essity AB
10.14 Acelity L.P. Inc.
10.15 Organogenesis Holdings Inc.
10.16 Hollister Incorporated
10.17 MiMedx Group, Inc.
10.18 Ethicon, Inc.
List of Tables
1 Global Advanced Wound Care and Closure Market Outlook, By Region (2022-2030) ($MN)
2 Global Advanced Wound Care and Closure Market Outlook, By Product Type (2022-2030) ($MN)
3 Global Advanced Wound Care and Closure Market Outlook, By Dressings (2022-2030) ($MN)
4 Global Advanced Wound Care and Closure Market Outlook, By Alginate (2022-2030) ($MN)
5 Global Advanced Wound Care and Closure Market Outlook, By Hydrocolloid (2022-2030) ($MN)
6 Global Advanced Wound Care and Closure Market Outlook, By Hydrogel (2022-2030) ($MN)
7 Global Advanced Wound Care and Closure Market Outlook, By Foam (2022-2030) ($MN)
8 Global Advanced Wound Care and Closure Market Outlook, By Other Dressings (2022-2030) ($MN)
9 Global Advanced Wound Care and Closure Market Outlook, By Negative Pressure Wound Therapy (NPWT) (2022-2030) ($MN)
10 Global Advanced Wound Care and Closure Market Outlook, By Skin Substitutes (2022-2030) ($MN)
11 Global Advanced Wound Care and Closure Market Outlook, By Wound Cleansers and Disinfectants (2022-2030) ($MN)
12 Global Advanced Wound Care and Closure Market Outlook, By Sutures and Staples (2022-2030) ($MN)
13 Global Advanced Wound Care and Closure Market Outlook, By Absorbable Sutures (2022-2030) ($MN)
14 Global Advanced Wound Care and Closure Market Outlook, By Non-Absorbable Sutures (2022-2030) ($MN)
15 Global Advanced Wound Care and Closure Market Outlook, By Surgical Staples (2022-2030) ($MN)
16 Global Advanced Wound Care and Closure Market Outlook, By Adhesives and Sealants (2022-2030) ($MN)
17 Global Advanced Wound Care and Closure Market Outlook, By Tissue Adhesives (2022-2030) ($MN)
18 Global Advanced Wound Care and Closure Market Outlook, By Surgical Sealants (2022-2030) ($MN)
19 Global Advanced Wound Care and Closure Market Outlook, By Wound Care Devices (2022-2030) ($MN)
20 Global Advanced Wound Care and Closure Market Outlook, By Debridement Tools (2022-2030) ($MN)
21 Global Advanced Wound Care and Closure Market Outlook, By Wound Irrigation Systems (2022-2030) ($MN)
22 Global Advanced Wound Care and Closure Market Outlook, By Other Wound Care Devices (2022-2030) ($MN)
23 Global Advanced Wound Care and Closure Market Outlook, By Wound Type (2022-2030) ($MN)
24 Global Advanced Wound Care and Closure Market Outlook, By Chronic Wounds (2022-2030) ($MN)
25 Global Advanced Wound Care and Closure Market Outlook, By Diabetic Foot Ulcers (2022-2030) ($MN)
26 Global Advanced Wound Care and Closure Market Outlook, By Pressure Ulcers (2022-2030) ($MN)
27 Global Advanced Wound Care and Closure Market Outlook, By Venous Leg Ulcers (2022-2030) ($MN)
28 Global Advanced Wound Care and Closure Market Outlook, By Other Chronic Wounds (2022-2030) ($MN)
29 Global Advanced Wound Care and Closure Market Outlook, By Acute Wounds (2022-2030) ($MN)
30 Global Advanced Wound Care and Closure Market Outlook, By Surgical Wounds (2022-2030) ($MN)
31 Global Advanced Wound Care and Closure Market Outlook, By Traumatic Wounds (2022-2030) ($MN)
32 Global Advanced Wound Care and Closure Market Outlook, By Burns (2022-2030) ($MN)
33 Global Advanced Wound Care and Closure Market Outlook, By Other Acute Wounds (2022-2030) ($MN)
34 Global Advanced Wound Care and Closure Market Outlook, By End User (2022-2030) ($MN)
35 Global Advanced Wound Care and Closure Market Outlook, By Hospitals (2022-2030) ($MN)
36 Global Advanced Wound Care and Closure Market Outlook, By Home Healthcare (2022-2030) ($MN)
37 Global Advanced Wound Care and Closure Market Outlook, By Ambulatory Surgical Centers (ASCs) (2022-2030) ($MN)
38 Global Advanced Wound Care and Closure Market Outlook, By Wound Care Centers (2022-2030) ($MN)
39 Global Advanced Wound Care and Closure Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
Frequently Asked Questions
In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
We have 3 different licensing options available in electronic format.
- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.
