Wound Care Market Comprehensive Analysis and Future Estimations By 2028 | Grand View Research Inc

The global wound care market size is expected to reach USD 27.21 billion by 2028 registering a CAGR of 4.1%, according to a new report by Grand View Research, Inc. Rising prevalence of chronic diseases and growing geriatric population are the key factors driving the global market. An increasing number of Ambulatory Surgical Centers (ASCs) across the globe is also anticipated to boost the market growth over the forecast period. Ambulatory surgical centers offer a variety of services, such as surgical care, diagnostics, and preventive procedures.

Surgeries for pain management, urology, orthopedics, restorative, and Gastro-Intestinal (GI)-related surgeries are also performed in ASCs. Earlier, ASCs were only capable of performing GI-related minor surgeries; however, with the rising demand for minimally invasive surgical procedures, services offered by ASCs expanded and grew exponentially. In addition, ASCs are highly cost-effective as favorable reimbursement coverages are provided for ASC services. The chances of contracting post-surgical, hospital-related infections are also reduced.

ASCs provide specific instructions to patients regarding post-surgical homecare. According to the U.S. Department of Health and Human Services (HHS) data records of 2014, there were 17.2 million hospital visits. These included invasive, therapeutic surgeries, and ambulatory surgeries. Around 9.94 million (57.8%) of these surgeries occurred in hospital-owned ambulatory surgery settings and the remaining 7.26 million surgeries (42.2%) were conducted in hospitals.

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Wound Care Market Report Highlights

  • In terms of revenue, the advanced wound dressing segment held the largest share in 2020 owing to the increasing cases of chronic diseases and rising adoption of advanced wound care products

  • Home healthcare is expected to be the fastest-growing end-use segment over the forecast period due to the increasing geriatric population and rising adoption of negative pressure wound therapy

  • The acute wounds application segment held the largest revenue share in 2020 owing to the increased number of surgeries and burn cases

  • The Asia Pacific is expected to be the fastest-growing regional market over the forecast period owing to the increasing number of surgeries and burns cases in this region

Access Press Release @ https://www.grandviewresearch.com/press-release/global-wound-care-market

Wound Care Market Segmentation

Grand View Research has segmented the global wound care market on the basis of the product, end use, application, and region:

Wound Care Product Outlook (Revenue, USD Million, 2016 – 2028)

  • Advanced Wound Dressing

    • Foam Dressings

    • Hydrocolloid Dressings

    • Film Dressings

    • Alginate Dressings

    • Hydrogel Dressings

    • Collagen Dressings

    • Other Advanced Dressings

  • Surgical Wound Care

    • Sutures & Staples

    • Tissue Adhesives & Sealants

    • Anti-infective Dressing

  • Traditional Wound Care

    • Medical Tapes

    • Cleansing Agents

  • Wound Therapy Devices

    • NPWT

    • Oxygen & Hyperbaric Oxygen Equipment

    • Electric Stimulation Devices

    • Pressure Relief Devices

    • Other Wound Therapy Devices

Wound Care End-use Outlook (Revenue, USD Million, 2016 – 2028)

  • Hospitals

  • Specialty Clinics

  • Home Healthcare

  • Others

Wound Care Application Outlook (Revenue, USD Million, 2016 – 2028)

  • Chronic Wounds

    • Diabetic Foot Ulcers

    • Pressure Ulcers

    • Venous Leg Ulcers

    • Other Chronic Wounds

  • Acute Wounds

    • Surgical & Traumatic Wounds

    • Burn Wounds

Wound Care Regional Outlook (Revenue, USD Million, 2016 – 2028)

  • North America

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

    • France

    • Italy

    • The Netherlands

    • Spain

    • Sweden

  • Asia Pacific

    • Japan

    • China

    • India

    • South Korea

    • Taiwan

    • Australia

    • Vietnam

    • Thailand

    • Malaysia

    • Singapore

    • Indonesia

    • Philippines

  • Latin America

    • Brazil

    • Mexico

    • Argentina

  • MEA

    • South Africa

    • Turkey

    • Egypt

    • Iran

    • Israel

    • Saudi Arabia

    • UAE

List of Key Players of Wound Care Market

  • Smith & Nephew PLC

  • Mölnlycke Health Care AB

  • Acelity (KCI Licensing, Inc.)

  • ConvaTec Group PLC

  • Ethicon Inc. (Johnson & Johnson)

  • Baxter International, Inc.

  • Coloplast Corp.

  • Medtronic PLC

  • The 3M Company

  • Derma Sciences, Inc. (Integra LifeSciences)

  • Medline Industries, Inc.

  • Advancis Medical USA LLC

  • B. Braun Melsungen AG

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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