The wound care devices market has demonstrated robust growth, with its size rising from $60.43 billion in 2023 to $65.51 billion in 2024, at a CAGR of 8.4%. This growth is attributed to the increasing prevalence of chronic diseases, a surge in diabetes cases, rising surgical procedures, and a heightened focus on infection control. The market is projected to reach $88.47 billion by 2028, reflecting a CAGR of 7.8%. Key drivers include the global rise in obesity rates, supportive regulatory frameworks, the advent of wearable wound monitoring devices, an aging population, and collaborative wound care research. Significant trends include smart wound dressings, 3D bioprinting, telemedicine in wound management, innovations in compression therapy, and wearable wound monitoring solutions.
Major Driver In The Wound Care Devices Market
Combination dressings emerge as a prominent treatment for chronic wounds, integrating antimicrobial agents and biological materials to offer comprehensive wound care. These dressings combine the chemical and physical attributes of different wound dressing products, providing waterproofing, antibacterial, antiviral properties, and skin-friendly capabilities. Notably, ConvaTec's AQUACEL combination dressings, leveraging Hydrofiber Technology, enhance tensile strength and absorbency, making them ideal for treating chronic wounds. Silver alginate dressings, silver collagen dressings, collagen hydrochloride dressings, and foam dressings represent widely used combination dressings for chronic ulcer, traumatic, and surgical wound treatment. The prevalence of type 2 diabetes is expected to rise globally, reaching 7,079 cases per 100,000 people by 2030, as indicated by the National Library of Medicine. Thus, combination dressings address the evolving needs of wound care, reflecting market sizes of 7,079 cases per 100,000 people (2030).
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Wound Care Devices Market Competitive Landscape
Cardinal Health Inc., Johnson & Johnson, 3M Company, Medtronic Inc., EssilorLuxottica SA, Siemens Healthineers, Fresenius Medical Care AG & Co. KGaA, Essity AB, Boston Scientific Corporation, Henry Schein Inc., B. Braun SE, Olympus Corporation, Zimmer Biomet Holdings Inc., Terumo Corporation, Intuitive Surgical Inc., Smith & Nephew plc, Dentsply Sirona, Cadence, Coloplast A/S, Paul Hartmann AG, Mölnlycke Health Care, ConvaTec Group Plc, Integra lifeSciences, Lohmann & Rauscher, CONMED Corporation, Acelity, Frankenman International Limited, Human Biosciences Inc., Urgo Medical, Meril Life Science Pvt. Ltd., Danaher Corporation
Key Wound Care Devices Market Trend
Major companies operating in the wound care device market are focusing on developing an innovative approach, bio-inductive implant, to sustain their position in the market. The bio-inductive implant is designed to provide wound care by supporting the natural healing response of the body and facilitating the growth of tendon tissue. For instance, in July 2023, Smith and Nephew, a UK-based medical equipment manufacturing company, launched the REGENTEN bio-inductive implant in India. The collagen-based REGENETEN Bio inductive Implant would support the body's natural healing response for facilitating the growth of new tendon-like tissue to biologically augment the existing tendon and change the course of disease progression.
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Wound Care Devices Market Segmentation
The wound care devices market covered in this report is segmented –
1) By Type: Traditional Adhesive Dressings, Negative-pressure Wound Therapy (NPWT), Traditional Gauze Dressings, Advanced Wound Care Devices
2) By End User: Hospitals And Clinics, Diagnostic Laboratories, Other End Users
3) By Type of Expenditure: Public, Private
4) By Product: Instruments/Equipment, Disposables
By Geography:The regions covered in the wound care devices market report are Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa.
Asia-Pacific was the largest region in the global wound care devices market in 2023.
The Wound Care Devices Global Market Report 2024 furnishes information about the global wound care devices market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
