The global wound care market is estimated to be valued at USD 28.15 Billion by 2027, at a CAGR of 4.5%, according to a recent analysis by Emergen Research. The market growth is predominantly accredited to surging caseloads of diabetes mellitus, escalating geriatric population, and increasing incidences of wound ulcers. Additionally, increasing financial support for the expansion of wound care research and the growing awareness about the benefits and programs of wound management.
The escalating geriatric population and their increased susceptibility for chronic wounds are anticipated to support the market’s demand over the projected timeframe. An escalating patient pool enduring chronic injuries increases the cost burden on the global healthcare systems. It is anticipated that the current and rising burden of costs for treatment of these wounds will drive more investment and funding to expand the scope of the wound care technology, thereby positively impacting the market growth.
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However, expensive market products which often raise concerns about the affordability of treatment is expected to restrain the market growth. Impaired or slow healing of the wound in chronic health conditions and after surgeries increase patients’ risk for amputation, infection, and death.
Key Highlights from the Report:
- The surgical wounds type segment is majorly commanded by the increasing occurrences of pressure ulcers, post-operative surgical wounds, and diabetic foot ulcers. Surgical wounds extend the hospital stay and cause an enormous burden on the hospital while significantly impairing the quality of life. The rising number of surgeries performed due to trauma and accidents and a high prevalence rate of chronic disorders is anticipated to boost the market demand.
- A diabetic foot ulcer is generally an open wound more frequently seen in diabetic patients on the foot’s bottom. The ulcer requires surgical intervention, and depending upon the intensity; some people require amputation. However, with proper care, the development of foot ulcers can be prevented.
- Increasing admissions in the hospitals due to rising occurrences of chronic and pressure ulcers acquired in clinical settings are significantly contributing to the growth of the end-user segment. Additionally, long-term hospital stays of diabetic patients increase the demand for wound care products in the hospitals, thereby driving the end-users growth.
- Asia Pacific Market is predicted to expand at a significant CAGR during the projected timeframe. The regional growth is majorly driven by APAC regions, such as Japan, India, and China, due to the growing development and innovation by the region’s prominent players and increasing financial backing from the government.
- Major companies of the industry include 3M Company, Smith & Nephew Plc., Ethicon Inc., Baxter International Inc., Coloplast A/S, Integra LifeSciences Holding Corporation, Medtronic Plc., Convatec Group Plc., Mimedx Group, and Paul Hartmann AG, among others.
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For the purpose of this report, Emergen Research has segmented the Global Wound Care Market on the basis of product, wound type, end-user, and region:
Product Outlook (Revenue, USD Billion; 2017-2027)
- Advanced Wound Care Products
- Advanced Wound Dressings
- Foam Dressings
- Non Silicone Dressings
- Silicone Dressings
- Alginate Dressings
- Hydrofiber Dressings
- Film Dressings
- Hydrocolloid Dressings
- Collagen Dressings
- Hydrogel Dressings
- Superabsorbent Dressings
- Wound Contact Layers
- Antimicrobial Dressings
- Foam Dressings
- Wound Therapy Devices
- Pressure Relief Devices
- Wound Assessment & Monitoring Devices
- Negative Pressure Wound Therapy Systems
- Conventional NPWT Systems
- Disposable NPWT Systems
- Accessories
- Oxygen & Hyperbaric Oxygen Equipment
- Electrical Stimulation Devices
- Other Therapy Devices
- Active Wound Care Products
- Biological Skin Substitutes
- Human Donor Tissue-derived Products
- Acellular Animal-derived Products
- Biosynthetic Products
- Topical Agents
- Biological Skin Substitutes
- Surgical Wound Care Products
- Staplers
- Sutures
- Tissue Adhesives, Sealants, & Glues
- Synthetic Adhesives
- Collagen-based Sealants
- Fibrin-based Sealants
- Anti-infective Dressings
- Traditional Wound Care Products
- Cleansing Agents
- Dressings
- Medical Tapes
- Advanced Wound Dressings
Wound Type Outlook (Revenue, USD Billion; 2017-2027)
- Surgical & Traumatic Wounds
- Diabetic Foot Ulcers
- Pressure Ulcers
- Burns
- Venous Leg Ulcers
- Other Wounds
End-User Outlook (Revenue, USD Billion; 2017-2027)
- Hospitals & Clinics
- Inpatient Settings
- Outpatient Settings
- Home Care Settings
- Long-term Care Facilities
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Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- Rest of MEA
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