Wound Care Centers Market (By Product: Advanced, Surgical, Traditional; By Application: Chronic Wounds, Acute Wounds; By End Use: Hospitals, Specialty Clinics) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2022-2030

The global Wound Care Centers market size is expected to be worth around US$ 54.5 billion by 2030, according to a new report by Vision Research Reports.

The global Wound Care Centers market size was valued at US$ 37.9 billion in 2021 and is anticipated to grow at a CAGR of 5.8% during forecast period 2022 to 2030.

Growth Factors

Growing prevalence of diabetic ulcers on a global scale, along with rising number of sports-related injuries, is expected to drive the market over the forecast period. In addition, growing awareness regarding the use of modernized wound care products is propelling the market.

Increasing number of road accidents is also anticipated to augment market demand. According to the Global Status Report on Road Safety 2018, approximately 1.35 million individuals die in road accidents every year. Road mishaps is the 8th leading cause of death for individuals across all ages. This number is expected to grow three times higher in low-income economies as compared to high-income economies.

Significant cost of wound care management is hampering the growth of the market. Wound care comprises direct healthcare cost, cost of actual dressing, and cost of applying the dressing or treating systemic infections, if any. Moreover, use of other medications in healthcare centers contributes to wound care. Hence, all these factors are anticipated to result in a higher price for patients.

Product Insights

The advanced wound dressing segment dominated the market for wound care and held the maximum revenue share of 34.6% in 2021 and is expected to register highest CAGR during the forecast period. Advanced wound dressing is majorly used for the treatment of chronic and non-healing wounds. Thus, increasing in number of chronic wounds such as diabetic foot ulcers is expected to help the market propel. For instance, as per, The Independent Diabetes Trust, at any given time, 115,000 people in the U.K. may develop a diabetic foot ulcer, whereas, 278,000 people are treated with venous leg ulcers every year. These wounds take on an average 200 days to heal. Therefore, due to aforementioned factors, the market for wound care is expected to impel during the forecast period.

The surgical wound care segment is anticipated to witness a considerable growth rate of 4.3% during the forecast period. This can be attributed to rising surgical cases and surgical site infections worldwide. For instance, as per the National Healthcare Safety Network (NHSN) Surgical Site Infection Surveillance in 2018, around 157,500 cases of SSIs are reported every year in the U.S. Thus, impelling the segment growth.

Application Insights

The chronic wounds segment dominated the market for wound care and held the largest revenue share of 59.9% in 2021 and is anticipated to witness considerable growth rate over the forecast period.Increasing number of geriatric populations, along with rising prevalence of diabetic foot ulcers, venous pressure ulcers, and other chronic wounds is expected to drive the segment growth. For instance, according to the Administration for Community Living’s profile on older Americans, the U.S. population aged 65 and above was expected to be 54.1 million in 2019, which is about 19% of the U.S. population. This population increased about 36% from 2009-2019, and is projected to reach 80.8 million by 2040, and 94.7 million by 2060. Furthermore, the number of people suffering from varicose vein in U.S. is increasing year-on-year. For instance, according to the Journal of the American Heart Association, approximately 23% i.e., 1 in every 4 U.S. resident have varicose veins. Increase in number of varicose veins may lead to development venous leg ulcers, thus, driving the market.

The acute wound segment is expected to witness the fastest CAGR of 4.24% during the forecast period. The increasing cases of different traumatic wounds, and burns is the major factor driving the segment growth. The multiple benefits of acute wound products include reduced surgical site infections, improved results and patient satisfaction, and reduced hospital stays. There is also an increase in the number of burn wounds across the globe. Since, acute wound products are majorly used for treating acute wounds such as traumatic wounds, the use of wound care and wound healing products is expected to help surge the segment growth.

End-use Insights

The hospital segment dominated the market for wound care and held the largest revenue share of 45.3% in 2021. The growth of this segment can be attributed to upsurge in surgical procedures globally because of sedentary lifestyle, and rising bariatric surgeries which require the use of wound care products to contain surgical site infections. Furthermore, surgical wound care dressings and NPWT are predominantly suitable for hospital use and are not feasible for homecare. In addition, hospital institutions are considered as large buyers of wound care having long-term contracts with suppliers. Hence, owing to aforementioned factors, the segment is anticipated to propel during the forecast period.

In addition, the increase in hospital admissions due to surgeries is also anticipated to propel the segment growth over the forecast period. Patients after surgery generally require wound care and wound healing products to heal from surgical site wounds. Therefore, the segment is expected to witness significant growth over the forecast period. The home healthcare segment is expected to witness the fastest CAGR of 4.9% during the forecast period. During the pandemic outbreak, home healthcare wound care products were more in demand. Wound care in homecare settings is majorly initiated with the introduction of single-use NPWT systems. These devices are lightweight, portable, canister-free, and are easy to use.

In addition, cost-effectiveness of such therapy of treating wounds also encourages patients to adopt homecare settings over hospital stays. Moreover, increasing number of geriatric populations is expected to propel the segment. Geriatric population tend to opt for homecare setting or nursing home care. Furthermore, presence of several organizations offering home care services in North America and Europe is promoting home care services market. Thus, with increase in number of geriatric population and nursing home care, the segment is anticipated to impel during the forecast period.

Regional Insights

North America dominated the wound care market and accounted for revenue share of 45.4% in 2021 and is expected to witness considerable growth rate over the forecast period. Presence of large population base, rising patient pool in countries such as the U.S. are major factors driving market growth of market in this region. Moreover, geriatric population are at a higher risk of wounds, this will surge the demand for wound care and wound healing products in this region. For instance, as per the Administration for Community Living, on ageing and health, the percentage of people aged 65 and above was 54.1 million in 2019, which represents 16% of the populations. Additionally, increasing number of road accidents, and availability of skilled professionals in this region is expected to drive the demand for wound care products in North America.

In Asia Pacific, the market is estimated to witness the highest CAGR of 4.8% over the forecast period. This can be attributed to rising changing lifestyle leading to increase in incidence of chronic diseases in this region. For instance, according to Down to Earth organization, as of December 2021, India has 74.2 million diabetic patients aged 20 – 79. Moreover, the number is expected to increase to 124.8 million by 2045. Furthermore, medical tourism in this region is increasing which is increasing the number of surgeries performed. Thus, owing to above mentioned factors, Asia Pacific is anticipated to witness the fastest growth rate over the forecast period.

Key Players

Hologic, Woundtech, Oxyheal, Wound Care Advantage, Wound Care Specialists, RestorixHealth, Systagenix Wound Management Limited, and Mölnlycke Health Care AB.

Market Segmentation

  • Type Outlook 

    • Hospitals

    • Clinics

  • Procedure Outlook 

    • Debridement

    • Negative Pressure Wound Therapy

    • Compression Therapy

    • Hyperbaric Oxygen Therapy

    • Specialized Dressings

    • Infection Control

  • Regional Outlook 

    • North America

      • The U.S.

      • Canada

    • Europe

      • The U.K.

      • Germany

      • France

      • Italy

      • Spain

    • Asia Pacific

      • Japan

      • China

      • India

      • Australia

      • South Korea

    • Latin America

      • Brazil

      • Mexico

      • Argentina

      • Colombia

    • Middle East & Africa

      • South Africa

      • Saudi Arabia

      • UAE

The Wound Care Centers market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Wound Care Centers market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Wound Care Centers market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Wound Care Centers market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Wound Care Centers market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Wound Care Centers capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Wound Care Centers by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Wound Care Centers market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Wound Care Centers market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Wound Care Centers market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Wound Care Centers industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Wound Care Centers market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Wound Care Centers market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Wound Care Centers market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Wound Care Centers market. These factors have benefited the growth of the global market for Wound Care Centers. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Wound Care Centers. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Wound Care Centers are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2020
  • Forecast Year 2021 to 2028

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2028);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Wound Care Centers Market, By Type

7.1.  Wound Care Centers Market, By Type, 2021-2028

7.1.1.    Hospitals

7.1.1.1.        Market Revenue and Forecast (2016-2028)

7.1.2.    Clinics

7.1.2.1.        Market Revenue and Forecast (2016-2028)

Chapter 8.  Global Wound Care Centers Market, By Procedure

8.1.  Wound Care Centers Market, By Procedure, 2021-2028

8.1.1.    Debridement

8.1.1.1.        Market Revenue and Forecast (2016-2028)

8.1.2.    Negative Pressure Wound Therapy

8.1.2.1.        Market Revenue and Forecast (2016-2028)

8.1.3.    Compression Therapy

8.1.3.1.        Market Revenue and Forecast (2016-2028)

8.1.4.    Hyperbaric Oxygen Therapy

8.1.4.1.        Market Revenue and Forecast (2016-2028)

8.1.5.    Specialized Dressings

8.1.5.1.        Market Revenue and Forecast (2016-2028)

8.1.6.    Infection Control

8.1.6.1.        Market Revenue and Forecast (2016-2028)

Chapter 9.  Global Wound Care Centers Market, Regional Estimates and Trend Forecast

9.1.  North America

9.1.1.    Market Revenue and Forecast, By Type (2016-2028)

9.1.2.    Market Revenue and Forecast, By Procedure (2016-2028)

9.1.3.    U.S.

9.1.3.1.        Market Revenue and Forecast, By Type (2016-2028)

9.1.3.2.        Market Revenue and Forecast, By Procedure (2016-2028)

9.1.4.    Rest of North America

9.1.4.1.        Market Revenue and Forecast, By Type (2016-2028)

9.1.4.2.        Market Revenue and Forecast, By Procedure (2016-2028)

9.2.  Europe

9.2.1.    Market Revenue and Forecast, By Type (2016-2028)

9.2.2.    Market Revenue and Forecast, By Procedure (2016-2028)

9.2.3.    UK

9.2.3.1.        Market Revenue and Forecast, By Type (2016-2028)

9.2.3.2.        Market Revenue and Forecast, By Procedure (2016-2028)

9.2.4.    Germany

9.2.4.1.        Market Revenue and Forecast, By Type (2016-2028)

9.2.4.2.        Market Revenue and Forecast, By Procedure (2016-2028)

9.2.5.    France

9.2.5.1.        Market Revenue and Forecast, By Type (2016-2028)

9.2.5.2.        Market Revenue and Forecast, By Procedure (2016-2028)

9.2.6.    Rest of Europe

9.2.6.1.        Market Revenue and Forecast, By Type (2016-2028)

9.2.6.2.        Market Revenue and Forecast, By Procedure (2016-2028)

9.3.  APAC

9.3.1.    Market Revenue and Forecast, By Type (2016-2028)

9.3.2.    Market Revenue and Forecast, By Procedure (2016-2028)

9.3.3.    India

9.3.3.1.        Market Revenue and Forecast, By Type (2016-2028)

9.3.3.2.        Market Revenue and Forecast, By Procedure (2016-2028)

9.3.4.    China

9.3.4.1.        Market Revenue and Forecast, By Type (2016-2028)

9.3.4.2.        Market Revenue and Forecast, By Procedure (2016-2028)

9.3.5.    Japan

9.3.5.1.        Market Revenue and Forecast, By Type (2016-2028)

9.3.5.2.        Market Revenue and Forecast, By Procedure (2016-2028)

9.3.6.    Rest of APAC

9.3.6.1.        Market Revenue and Forecast, By Type (2016-2028)

9.3.6.2.        Market Revenue and Forecast, By Procedure (2016-2028)

9.4.  MEA

9.4.1.    Market Revenue and Forecast, By Type (2016-2028)

9.4.2.    Market Revenue and Forecast, By Procedure (2016-2028)

9.4.3.    GCC

9.4.3.1.        Market Revenue and Forecast, By Type (2016-2028)

9.4.3.2.        Market Revenue and Forecast, By Procedure (2016-2028)

9.4.4.    North Africa

9.4.4.1.        Market Revenue and Forecast, By Type (2016-2028)

9.4.4.2.        Market Revenue and Forecast, By Procedure (2016-2028)

9.4.5.    South Africa

9.4.5.1.        Market Revenue and Forecast, By Type (2016-2028)

9.4.5.2.        Market Revenue and Forecast, By Procedure (2016-2028)

9.4.6.    Rest of MEA

9.4.6.1.        Market Revenue and Forecast, By Type (2016-2028)

9.4.6.2.        Market Revenue and Forecast, By Procedure (2016-2028)

9.5.  Latin America

9.5.1.    Market Revenue and Forecast, By Type (2016-2028)

9.5.2.    Market Revenue and Forecast, By Procedure (2016-2028)

9.5.3.    Brazil

9.5.3.1.        Market Revenue and Forecast, By Type (2016-2028)

9.5.3.2.        Market Revenue and Forecast, By Procedure (2016-2028)

9.5.4.    Rest of LATAM

9.5.4.1.        Market Revenue and Forecast, By Type (2016-2028)

9.5.4.2.        Market Revenue and Forecast, By Procedure (2016-2028)

Chapter 10.  Company Profiles

10.1.              Hologic

10.1.1.  Company Overview

10.1.2.  Product Offerings

10.1.3.  Financial Performance

10.1.4.  Recent Initiatives

10.2.              Woundtech

10.2.1.  Company Overview

10.2.2.  Product Offerings

10.2.3.  Financial Performance

10.2.4.  Recent Initiatives

10.3.              Oxyheal

10.3.1.  Company Overview

10.3.2.  Product Offerings

10.3.3.  Financial Performance

10.3.4.  Recent Initiatives

10.4.              Wound Care Advantage

10.4.1.  Company Overview

10.4.2.  Product Offerings

10.4.3.  Financial Performance

10.4.4.  Recent Initiatives

10.5.              Wound Care Specialists

10.5.1.  Company Overview

10.5.2.  Product Offerings

10.5.3.  Financial Performance

10.5.4.  Recent Initiatives

10.6.              RestorixHealth

10.6.1.  Company Overview

10.6.2.  Product Offerings

10.6.3.  Financial Performance

10.6.4.  Recent Initiatives

10.7.              Systagenix Wound Management Limited

10.7.1.  Company Overview

10.7.2.  Product Offerings

10.7.3.  Financial Performance

10.7.4.  Recent Initiatives

10.8.              Mölnlycke Health Care AB

10.8.1.  Company Overview

10.8.2.  Product Offerings

10.8.3.  Financial Performance

10.8.4.  Recent Initiatives

Chapter 11.  Research Methodology

11.1.              Primary Research

11.2.              Secondary Research

11.3.              Assumptions

Chapter 12.  Appendix

12.1.              About Us

Glossary of Terms

Proceed To Buy

USD 4500
USD 3800
USD 1900
USD 1200

Customization Offered

  • check-imgCross-segment Market Size and Analysis for Mentioned Segments
  • check-imgAdditional Company Profiles (Upto 5 With No Cost)
  • check-img Additional Countries (Apart From Mentioned Countries)
  • check-img Country/Region-specific Report
  • check-img Go To Market Strategy
  • check-imgRegion Specific Market Dynamics
  • check-imgRegion Level Market Share
  • check-img Import Export Analysis
  • check-imgProduction Analysis
  • check-imgOthers