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Report Overview
2023
Base Year
2017-2023
Historical Year
2024-2032
Forecast Year
Global Wound Therapy Devices Market Outlook
The global wound therapy devices market size was valued at USD 2.43 billion in 2023, driven by the rising geriatric population, rising cases of accidents, rising cases of diabetic foot ulcers, venous leg ulcers, availability of skilled professionals, and improvement in healthcare infrastructure. The market is anticipated to grow at a CAGR of 5.8% during the forecast period 2024-2032 to reach a value of USD 4.04 billion by 2032.
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Market Segmentation
Wound therapy devices help in wound treatment and prevent infections, which might be caused by wounds by removing infectious materials, bodily fluids, and wound exudates from the area.
The wound therapy devices market can be broadly categorised based on its product types into:
- NPWT devices
- HBOT devices
- Others
The EMR report looks into the regional markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
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Market Analysis
The rising prevalence of acute as well as chronic injuries is driving the market for wound therapy devices. Roughly 15,000 per million people in developed countries suffer from a chronic injury in their lives, further adding to the use of wound treatment devices. Besides, the growing global prevalence of acute injuries, including surgical wounds and traumatic injuries, resulting from abrasion, punching, laceration, and incision, also impacts the wound therapy devices market positively.
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Competitive Landscape
The report presents a detailed analysis of the following key players in the global wound therapy devices market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Acelity L.P., Inc.
- Cardinal Health, Inc. (NYSE: CAH)
- ConvaTec Inc.
- Paul Hartmann AG
- Smith & Nephew plc
- B. Braun Melsungen AG
- Medtronic
- 3M Company
- Mölnlycke Health Care AB
- PAUL HARTMANN AG
- KCI Licensing, Inc. (Acelity Inc.)
- Medela AG
- Others
The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Wound Type |
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| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Supplier Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*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 global wound therapy devices market reached a value of USD 2.43 billion in 2023.
The market is projected to grow at a CAGR of 5.8% during the forecast period of 2024-2032 to reach a value of USD 4.04 billion by 2032.
The major drivers of the market include the rising geriatric population, launch of technologically advanced products, rising cases of accidents, rising cases of diabetic foot ulcers, venous leg ulcers, availability of skilled professionals, and improvement in healthcare infrastructure.
The rising prevalence of acute as well as chronic injuries and surgical wounds and traumatic injuries are the key industry trends propelling the market's growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The wound therapy devices market can be broadly categorised based on its product into NPWT devices and HBOT devices, among others.
The major players in the industry are Acelity L.P., Inc., Cardinal Health, Inc. (NYSE: CAH), ConvaTec Inc., Paul Hartmann AG, Smith & Nephew plc, B. Braun Melsungen AG, Medtronic, 3M Company, Mölnlycke Health Care AB, PAUL HARTMANN AG, KCI Licensing, Inc. (Acelity Inc.), and Medela AG, among others.
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