What Has Been the Growth Trajectory of the Advanced Wound Care Market?
The advanced wound care market has seen considerable growth due to a variety of factors.
• The market size for advanced wound care has seen robust growth in recent times, and is forecasted to expand from $10.93 billion in 2024 to $11.65 billion in 2025, yielding a compound annual growth rate (CAGR) of 6.6%. Factors fueling the growth during the historic period include an increase in chronic diseases, a rise in surgical procedures, growing consciousness about wound care, healthcare initiatives by the government, and the patient tendency towards non-invasive treatments.
What Is The Expected Growth In The Advanced Wound Care Market By 2029?
The Advanced Wound Care market is expected to maintain its strong growth trajectory in upcoming years.
• Forecasts predict a significant upward trajectory for the advanced wound care market size in the coming years. The market's value is projected to reach a total of $15.37 billion by 2029, growing at a compound annual growth rate (CAGR) of 7.2%.
This future market expansion is linked to factors like a rising number of chronic wound cases, the role of telemedicine and remote patient monitoring, the impact of personalized and precision medicine, encouraging regulatory environment for innovation, and the transition towards value-based healthcare. Key trends that will characterize this forecast period include the incorporation of cutting-edge technologies, development of intelligent wound dressings equipped with monitoring tools, application of telemedicine in wound care, usage of bioactive and antimicrobial dressings, and introduction of advanced wound closure techniques.
What Main Forces Are Fueling Expansion In The Advanced Wound Care Market?
The advanced wound care devices market is forecasted to grow due to a rise in surgical procedures. Surgery involves examining and treating health problems or injuries in humans or animals by making incisions in the body to remove or mend the damaged parts. Advanced wound care devices are beneficial for surgical patients as they aid in improving their metabolism and oxygen flow, which is crucial for wound healing. For example, the British Association of Aesthetic Plastic Surgeons, a well-known surgical organization in the UK, reported in March 2023 that 31,057 cosmetic surgeries were performed in the UK in 2022. This figure is a considerable 102% rise from the previous year. Hence, the climbing number of surgeries contributes towards the expansion of the advanced wound care devices market.
What Are The Primary Segments In The Global Advanced Wound Care Market?
The advanced wound care market covered in this report is segmented –
1) By Product: Moist, Antimicrobial, Active
2) By Application: Chronic Wounds, Acute Wounds
3) By End User: Hospitals, Specialty Clinics, Home Healthcare, Other Types
Subsegments:
1) By Moist: Hydrocolloid Dressings, Hydrogels, Foam Dressings
2) By Antimicrobial: Silver-Infused Dressings, Honey-Infused Dressings, Iodine-Containing Dressings
3) By Active: Negative Pressure Wound Therapy (NPWT), Bioengineered Skin Substitutes, Electrical Stimulation Devices
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Which Key Trends Are Driving Changes In The Advanced Wound Care Market?
The trend of advancements in technology is growing in prominence within the advanced wound care devices industry. To enhance their market position, leading firms in this sector are turning to the adoption of new technology. An example of this occurred in September 2022 when Colzyx Ab, a company based in Sweden that manufactures wound care devices, created WOUNDCOM, an innovative wound matrix. The product utilizes effector molecules, which are bioactive components of the biological host-defense protein human collagen VI. They have evolved to support and regulate standard physiological wound-healing procedures, while also providing antimicrobial offerings. Additionally, the effector molecules produced by Colzyx have a powerful effect on wound healing and offer a broad-spectrum antimicrobial response to both regular and multi-drug resistant bacteria. This product leads to bacteria removal from the wound and reduces pain.
Who Are the Key Players In The Advanced Wound Care Market?
Major companies operating in the advanced wound care market include:
• Integra Lifesciences Corp.
• Molnlycke Health Care
• Johnson And Johnson Services Inc.
• Medline Industries Inc.
• Medtronic plc
• Organogenesis Holdings Inc.
• Smith & Nephew plc
• B. Braun Melsungen AG
• Coloplast A/S
• ConvaTec Group plc
• Hollister Incorporated
• URGO Medical Ltd.
• Lohmann And Rauscher GmbH & Co. KG
• MiMedx Group Inc.
• Zimmer Biomet Holdings Inc.
• Misonix Inc.
• Cardinal Health Inc.
• BSN medical GmbH
• Paul Hartmann AG
• Nestlé Health Science SA
• AstraZeneca plc
• Johnson & Johnson Medical Devices group
• Becton
• Dickinson and Company
• Lohmann & Rauscher International
• Beiersdorf AG
• Hologic Inc.
What Is The Most Dominant Region In The Advanced Wound Care Market?
North America was the largest region in the advanced wound care devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the advanced wound care devices market report during the forecast period. The regions covered in the advanced wound care devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
