The advanced wound care market size is estimated to be USD 11,265.1 million in 2021 and is expected to witness a CAGR of 8.45% during the forecast period 2023-2033. The rise in the number of traumatic injuries, high rate of obesity, expanding elderly population, technological progress, increasing number of burn injuries, growing number of surgeries performed, and escalating numbers of illnesses and disorders that impair wound healing are factors contributing to the market growth. However, risks related to using advanced wound care items and the high expense of innovative wound care items are expected to hinder growth.

Segmentation

By Wound Type

On the basis of wound type, the market is segregated into diabetic foot ulcers, pressure ulcers, burns & other wounds, surgical & traumatic wounds, and venous leg ulcers. In 2021, the surgical & traumatic wounds segment held the highest market share owing to a rise in the incidence of wounds, a rise in the number of procedures performed internationally, and increasing SSI incidence.

By Product

Based on product, the market is categorized into topical agents, grafts & matrices, devices & accessories, and dressings. In 2021, the dressings segment held the highest market share owing to rising prevalence of pressure ulcers, venous ulcers, and diabetic ulcers, increasing frequency of HAIs, and growing patient understanding.

By End User

On the basis of end user, the market is divided into home care settings, hospitals, ASCS, and wound care centers, and other end users. In 2021, the hospitals, ASCS, and wound care centers segment held the highest market share owing to the increase in hospital-acquired infections and pressure ulcers, rising rates of chronic wound hospitalizations.

Regional Markets

In 2022, North America region accounted for the highest revenue in the advanced wound market and is expected to maintain its dominance during the forecast period. This is attributed to the enhancing patient education and expanding the use of sophisticated wound care products, rise in the number of operations, and surging rate of acquisitions and abundance of cutting-edge wound care businesses in North America. However, the Asia-Pacific region is predicted to grow at the fastest rate during the projection period owing to a rise in the number of elderly people in this area, increasing occurrence of chronic diseases as a result of changing lifestyles, and rise of medical tourism.

Competitor Insights

Some of the key players operating in the advanced wound market are 3M Company (US), Baxter International (US), Coloplast A/S (Denmark), ConvaTec Group Plc (UK), Derma Sciences Inc. (US), Medline Industries (US), Medtronic(US), Mölnlycke Health Care AB (Sweden), Smith & Nephew plc (UK), and URGO Medical (Netherlands).

This comprehensive research report focuses on the global and regional market size and forecasts of diverse segments including wound type, product, and end user from 2022 to 2033.

Report Scope:

Segmentation: Advanced Wound Care Market Report 2022 – 2033

Wound Type (Revenue, USD Million), 2022 – 2033

• Diabetic Foot Ulcers
• Pressure Ulcers
• Burns & Other Wounds
• Surgical & Traumatic Wounds
• Venous Leg Ulcers

Product (Revenue, USD Million), 2022 – 2033

• Topical Agents
• Grafts & Matrices
• Devices & Accessories
  • Wound Assessment & Monitoring Devices
  • NPWT Devices & Accessories
  • Debridement Devices & Accessories
  • Other Devices & Accessories
• Dressings
  • Non-silicone Dressings
  • Foam Dressings
  • Hydrogel Dressings
  • Silicone Dressings
  • Alginate Dressings
  • Wound Contact Layers
  • Film Dressings
  • Hydrocolloid Dressings
  • Hydrofiber Dressings
  • Collagen Dressings
  • Superabsorbent Dressings
  • Other Advanced Dressings

End User (Revenue, USD Million), 2022 – 2033

• Home Care Settings
• Hospitals, ASCs, and Wound Care Centers
• Other End Users

By Region (Revenue, USD Million), 2022 – 2033

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of APAC
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of LATAM
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • Rest of MEA