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Wound Care Market Size

  • Report ID: GMI7515
  • Published Date: Nov 2023
  • Report Format: PDF

Wound Care Market Size

Wound Care Market size was valued at USD 21.2 billion in 2022 and is estimated to witness 5.9% CAGR from 2023 to 2032. Wound care dressings refer to material that is applied directly to a wound to facilitate the healing process and protect the injured area. The increasing incidence of burn injuries is one of the major factors driving the demand for wound care dressings.

 

For instance, according to the WHO, an estimated 180,000 deaths occur annually due to burns, with the majority of these deaths occurring in low- and middle-income countries. Furthermore, the growing prevalence of diabetes worldwide is a significant factor contributing to delayed wound healing. Moreover, about 15-25% of people with diabetes will develop a foot ulcer at some point in their lives, and these ulcers can be challenging to heal. Diabetic foot ulcers and pressure ulcers are a common complication and are a major cause of hospital admissions in people with diabetes.
 

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The global wound care industry was valued at USD 21.2 billion in 2022 and is estimated to reach USD 37.3 billion by 2032, owing to the increasing incidence of burn injuries, and prevalence of diabetes.

The advanced wound dressing segment of wound care industry garnered USD 6 billion in 2022 and will continue to see demand attributed to its versatility and effectiveness in wound care.

U.S. wound care market accounted for USD 8 billion in 2022 and is predicted to witness substantial growth over 2023-2032, favored by the increasing government initiatives towards diabetes care.

Smith & Nephew, Mölnlycke Health Care AB, ConvaTec Group PLC, Ethicon (Johnson & Johnson), Baxter International, URGO Medical, Coloplast Corp., Medtronic, 3M Company, and Derma Sciences Inc. (Integra LifeSciences) among others.

Wound Care Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 13
  • Tables & Figures: 889
  • Countries covered: 27
  • Pages: 250
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