Global Wound Care Market Report and Forecast 2025-2034

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Global Wound Care Market Analysis

Advanced wound care products are intended to heal and treat complicated injuries such as venous ulcers, foot ulcers, along with stress ulcers. The increasing incidence of hard-to-heal injuries and increasing acceptance of the product in the healthcare sector are driving the growth of the industry. The developments and innovations in the industry, coupled with growing prevalence of diabetes, rapid growth in the geriatric population, and increasing funding for research are the driving factors which are accelerating the growth of wound care industry. Moreover, an increasing number of road accidents and trauma injuries globally, and growing awareness programs for wound care treatment and management across impact the market growth positively. The high cost of advanced products and risks associated with the products are the drawbacks that may affect the wound care market growth in the forecast period.

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If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Global Wound Care Market Drivers

Strategic Collaborations Between Market Players Propelling Market Growth

In March 2023, Bactiguard, a global MedTech company specialising in the development of biocompatible technologies that prevent medical device-related infections launched its wound care range in the UK and Ireland, in collaboration with Quintess Medical and GS Medical.  Healing of a wound becomes challenging when bacteria along with other microorganisms develop in the wound. Wound dressings play a vital role in avoiding the discomfort caused by the bacteria. When compared to traditional wound management market, there is a shift towards biocompatible and pH-neutral products which support an improved wound healing process. They also clean the wound by reducing the microbial load. The Bactiguard product line can be used for both acute and chronic wounds as it is categorised as a non-toxic and environmentally friendly class III medical device.

The market is expected to be propelled by such collaborations as they expand the cross-regional market presence of healthcare’s leading players and make the company offerings available in other regions as well. This collaboration is poised to further strengthen Bactiguard’s position in the advanced wound care market, bolstering the market growth.

Escalating Financial Support Bolstering Market Growth

The market is receiving significant financial support boosting the development of novel products in the market. It is witnessing escalating demand for advanced wound care in every domain including military settings. For instance, in January 2024, 3M Health Care's Medical Solutions Division, the world leader in advanced wound care, received financial support of USD 34.2 million from the U.S. Army Medical Research Acquisition Activity. The fund has been offered to the company to develop a range of new solutions for infection prevention, wound management, and wound healing.

The wound dressing market is anticipated to be influenced positively by such strategic investments. The financial support will enable research activities for the development of novel solutions in advanced wound care leading to the availability of enhanced solutions. 3M will work on a program focused on strategies of treatment that can be used in critical settings. The program will work to assess biofilm control, biomarker monitoring, and healing in acute trauma situations such as blasts, burns, and gunshot wounds that occur in civilian and military settings. It will also work for both civilians and military settings and enable wide applications. The development of such novel solutions may also increase wound dressing market demand and strengthen the company’s market position.

Continuous Comprehension and Co-operation from Regulatory Authorities

The increasing demand for advanced wound care products in the market has resulted in a comprehension of the situation by the regulatory authorities. With increasing chronic injuries globally, the need to develop advanced wound care products and devices is necessary. With continuous efforts by market players, regulatory authorities like the US FDA (United States Food and Drug Administration) also play a crucial role in market growth. In April 2024, PowerHeal™, a bioelectric bandage that was approved by the Food and Drug Administration (FDA) for over the counter (OTC) use for wound management, was made available by Vomaris.

It is indicated for superficial wounds such as minor cuts, scrapes, irritations, abrasions, and blisters and is available in a variety of sizes. It minimizes the risk of infection and is FDA approved backed by the notable results from RCTs which adds to the credibility of the product. All these factors are likely to augment the advanced wound therapy devices market share in the forecast period. The FDA approval was based on multiple clinical trials demonstrating the efficacy of the bioelectric bandage, comparing the wireless electroceutical dressing (WED) to the standard of care treatment (such as debridement, negative pressure wound therapy, skin grafting) in 38 patients with burn wounds.

Global Wound Care Market Trends 

Rising Research and Development Activities

The market is witnessing increasing research and development activities by researchers to develop new products and wound dressing effective enough to provide enhanced patient outcomes, propelling market demand.

Product Development

Several market players are putting continuous efforts toward innovating wound care for healthcare professionals and patients. The market is witnessing a rising trend toward the development of personalized wound care and multiple product launches in the market.

Increasing FDA Approvals

The wound care industry statistics reveal that several innovative wound care dressings and devices are being developed by major market players. Hence, regulatory bodies like United States FDA are providing approvals to bring latest and efficient treatment alternatives to patients. It is also triggering market competition and providing opportunities to other market players as well.

Recent Developments in the Market

In April 2024, a world leading MedTech company specialised in wound care and wound management, Mölnlycke Health Care, announced the acquisition of P.G.F. Industry Solutions GmbH, the Austrian manufacturer of Granudacyn wound cleansing and moisturizing solutions. Mölnlycke and P.G.F. have worked together for five years on the manufacturing and distribution of Granudacyn, a range of solution and gel products intended for use in the cleansing, irrigation, and moisturisation of various wound types. The high quality and composition of Granudacyn ensures good biocompatibility, allowing it to be effectively used on a broad range of tissues in burns, as well as acute and chronic wounds.

 
This strategic acquisition of P.G.F by Mölnlycke Health Care is dedicated to facilitating different types of wound care management. Following the acquisition, Mölnlycke Health Care will gain access to the outstanding product portfolio of P.G.F and trigger competition among other market players in the market. When the expertise and resources of both companies are integrated, it may likely lead to the enhanced innovation and development of new wound care products in the market expanding the market size.

In April 2023, the innovative 3M™ Veraflo™ Therapy, with both 3M™ Veraflo™ Cleanse Choice Complete™ Dressing and 3M™ V.A.C. Veraflo Cleanse Choice™ Dressing, was approved by the Food and Drug Administration (FDA) for hydromechanical removal of infectious materials, non-viable tissue and wound debris. This reduces  the need for surgical debridement while promoting the formation of granulation tissue, creating an environment that supports wound healing. The FDA approval adds credibility to the therapy and plays a crucial role in making it available to healthcare providers and patients, thereby impacting the market positively.

Global Wound Care Market Segmentation

Global Wound Care Market Share

Market Segmentation by Product Type Poised to Experience Substantial Growth

Based on product type segmentation, the global wound care market is broadly segmented into advanced wound dressing, surgical wound care, traditional wound care, and wound care devices. Advanced wound care includes personalized treatments for chronic wounds or the ones that couldn’t heal through traditional wound care. With increasing efforts of researchers and pharmaceutical companies to develop advanced wound dressings including foam dressing, hydrocolloid dressing, and hydrogel dressings, among other advanced dressings, the wound dressing market is expected to witness an upward trajectory in the forecast period. Advanced wound care dressings are also poised to rapidly grow due to the increasing demand for advanced and effective wound care suitable for both homecare and hospital settings.

Chronic Wounds are Likely to Account for a Significant Market Share Based on Wound Types

Based on the wound care market analysis, the segmentation based on wound types is divided into chronic and acute wounds. Chronic wounds such as diabetic foot ulcers, pressure ulcers, venous leg ulcers, and others are expected to account for a notable market value. The rising prevalence of chronic diseases such as diabetes and conditions associated with it like foot ulcers and venous ulcers among others are contributing to the increased demand for specialized wound care to provide effective healing process and enhance patient outcomes.

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Regional Analysis for the Global Wound Care Market

Based on regions, the market includes North America, Europe, Asia-Pacific, Latin America, along with Middle East and Africa. The market is dominated by North America due to the increasing prevalence of chronic injuries. The wound care market in U.S. is poised to experience increasing injuries led by rising prevalence of accidents and chronic diseases in the region. The market is further driven by the growing geriatric population. Moreover, the presence of several market players also contributes to the market value.

The wound care market in the UK is anticipated to be driven by the increasing development of new wound care dressings and devices. Apart from general wound care companies, the United Kingdom has around 66 advanced wound-care companies. Hence, the market value for advanced wound care is projected to bring several technically advanced wound care dressings and devices in the market. Moreover, fundings and investments from vital government bodies like National Health Service (NHS) is also impacting the market positively.

The Asia Pacific region, countries like China, Japan, and India account for a notable market share. The wound care market in India is growing, driven by the presence of a large patient pool and investments in medical research and infrastructure to provide effective wound management. The country is experiencing an increasing prevalence of diabetes leading to chronic wounds such as diabetic foot ulcers, which is demanding for effective and advanced wound care management devices. The rising number of road accidents are also contributing to the market growth.

The Middle East and Africa wound care market is experiencing growth due to rising healthcare investments and increasing awareness about wound care management. Countries in this region are adopting advanced wound care technologies to improve patient care.

Global Wound Care Market Competitive Landscape

The key features of the market report include patent analysis, and strategic initiatives which includes recent partnerships, collaborations and acquisitions by the leading players. The major companies in the market are as follows:

3M Company

The company was founded in 1902 and is headquartered in Minnesota, United States. The company specialises in several domains including healthcare including medical devices and supplies, health information systems, oral care, personal protective equipment (PPE), drug delivery systems, healthcare manufacturing and safety solutions, and healthcare adhesives. In March 2024, 3M announced the approval of its planned spin-off healthcare business Solventum Corporation.

Smith & Nephew plc

Founded in 1856, the company is headquartered in Hertfordshire, England. It is a medical equipmen...

Coloplast A/S

Founded in 1957, Coloplast is headquartered in Humlebæk, Denmark. It develops products and ...

Mölnlycke Health Care AB

Established in 1849, the company is headquartered in Gothenburg, Sweden. It is a human centric Me...

*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*

ConvaTec Group plc.

Founded in 1978, the company is headquartered in London, England. It is a medical equipment manufacturing company specialising in wound therapeutics, ostomy care, continence and critical care, infusion devices, medical devices, healthcare, hospitals, engineering, commercial, and research and development. In May 2024, Convatec, a leading global medical products and technologies company announced clinical study results from a recent multinational randomised controlled trial (RCT). The results highlighted the notable advancements in the healing of venous leg ulcers with AQUACEL® Ag+ Extra™ compared to traditional dressing.

Other players in the market include Integra LifeSciences Holdings Corporation, Medtronic PLC, Johnson and Johnson Services, Inc., B. Braun Melsungen AG, Paul Hartmann AG, and Cardinal Health.

Key Highlights of the Report

Key Questions Answered in the Global Wound Care Market Report

• What is the current outlook of the wound care market? 
• How has the size of the wound care market evolved over the past decade? 
• What is the market share of key players in the wound care market? 
• What are the prevailing trends in the wound care market? 
• What is the market segmentation based on product types?
• What is the market breakup based on wound types?
• What is the market segmentation on the basis of mode of purchase?
• Who are the major end users in the market?
• What are the primary market dynamics influencing the wound care market? 
• What factors are driving the growth of the wound care market? 
• How does the segmentation of the wound care market look like by product type? 
• What are the main drivers for the wound care market? 
• How does the competitive landscape of the wound care market appear? 
• What recent developments have occurred in the wound care market? 
• How does the wound management market compare to the wound care market? 
• What role do wound care market specialists play in the industry? 
• How is the traditional wound management market performing compared to advanced wound care? 
• What is the growth potential of advanced wound therapy devices in the wound care market? 
• What is the market share of wound care centres? 
• What are the different types of wound care products available in the market? 
• What trends are emerging in the wound care biologics market? 
• How is the global wound care market expected to change in the next five years? 
• What is the size and scope of the wound dressing market? 
• What are the key statistics and data points relevant to the wound care industry?

Wound Care Market Report Snapshots

Wound Care Market Size

Wound Care Market Analysis

Wound Care Companies