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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Advanced Wound Care Regional Analysis
The market growth is expected to be led by North America due to factors such as an increased number of cases related to burn injuries and accidents requiring advanced wound care for better healing. According to the data released by the World Health Organization, despite the preventable nature, burn injuries claim nearly 180,000 lives globally. The majority lies in low- and middle-income countries.
The rising accidental injuries occurring due to road accidents and other circumstances are also contributing to the global advanced wound care market share. Data released by the World Health Organization shows that road traffic crashes claim nearly 1.19 million lives every year. These accidents are also responsible for most of the deaths among people aged between 5-29 years. 92% of global road fatalities occur in low- and middle-income countries, despite these countries having only 60% of the world's vehicles.
The high incidence of road accidents is a major indication for the application of advanced wound care. Advanced wound care has better solutions for injuries taking place due to such incidents which directly contributes to the high demand.
Advanced Wound Care Market Report Snapshots
Advanced Wound Care Market Size
Advanced Wound Care Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market attained a value of about USD 10.05 billion in 2023, driven by increasing incidence of chronic wounds and injuries requiring advanced wound care.
The market is anticipated to grow at a CAGR of 6.9% during the forecast period of 2024-2032, likely to reach a market value of USD 18.32 billion by 2032.
The key drivers aiding the market growth include the rising prevalence of diabetes, rising research and development in the market, increasing investments, rising disposable incomes, and the rapidly advancing healthcare sector.
Key players like Samsung exploring different fields to develop innovative devices to provide options to consumers in the form of wearables with considerable accuracy to keep track of their health is a major trend influencing the market growth.
Various types of products include wound dressing active wound care, and wound care devices.
Chronic and acute wounds are treated in advanced wound care.
End users in the market are hospitals, clinics, ambulatory surgical centres, homecare settings, and others.
The major regions of the market include North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America is currently leading the global market.
Key players involved in the market are 3M, Smith & Nephew plc, Integra LifeSciences Holdings Corporation, Mölnlycke Health Care AB, ConvaTec Group plc., Coloplast A/S, Medline Industries, Inc, Advanced Medical Solutions Group plc, Hollister Incorporated, B. Braun Melsungen AG, DeRoyal Industries, Inc., PAUL HARTMANN AG, Zimmer Biomet, Cardinal Health, DermaRite Industries, LLC, and Shield Line.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124