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Report Overview
The global wound care market was valued at USD 22.05 Billion in 2023, driven by the increasing prevalence of chronic wounds across the globe. The market size is anticipated to grow at a CAGR of 5.00% during the forecast period of 2024-2032 to achieve a value of USD 34.21 Billion by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
- In March 2023, Bactiguard introduced its wound care range in the UK and Ireland, in collaboration with Quintess Medical and GS Medical. Such collaborations, intended to expand product portfolios across different parts of the world are impacting the market positively.
- The wound management market is witnessing a surge in investments. For instance, in January 2024, the U.S. Army Medical Research Acquisition Activity funded 3M Health Care's Medical Solutions Division which is the world leader in advanced wound care with USD 34.2 million.
- The increasing demand for advanced wound care solutions and increasing awareness among healthcare providers about medical device-acquired infections is significantly driving the market growth.
Global Wound Care Market Size
The global wound care market value was USD 22.05 billion in 2023, driven by the increasing prevalence of chronic wounds across the globe. The market size is anticipated to grow at a CAGR of 5% during the forecast period of 2024-2032 to achieve a value of USD 34.21 billion by 2032.
Advanced wound care products are intended to heal and treat complicated injuries such as venous ulcers, foot ulcers, and ulcers of stress. The increasing incidence of hard-to-heal injuries and increasing acceptance of the product in healthcare sector is driving the growth of the industry.
Wound Care Market Report Snapshots
*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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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
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 287899028, +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
+84865399124