Wound care market is dominated by North America, followed by Europe in 2017. The Asia Pacific region is estimated to grow at the fastest rate which can be attributed to the large population in China and India, increasing research in wound care, and the increasing penetration of key players in the emerging markets of Asia Pacific.
Global wound care market projected to grow at a CAGR of 3.7% during the forecast period
The Wound Care Market Is Expected to reach USD 22.01 billion by 2022 from USD 18.35 billion in 2017, at a CAGR of 3.7%.
Factors driving the growth of this market include the increasing prevalence of diabetic foot, pressure ulcers, venous leg ulcers and other chronic wounds, increasing geriatric population, surging R&D activities in the field of wound care research, development of advanced wound care products, rising number of road traffic accidents, and increasing awareness programs for wound care treatment and management. On the other hand, the growth of this market is hindered to some extent due to the high cost of chronic wound treatment and side-effects associated with the use of these products.
Advanced wound management products segment expected to grow at the fastest rate during the forecast period
The advanced wound management products are anticipated to grow at the highest CAGR during the forecast. Factors such as the increasing incidence of acute and chronic wounds and the surging demand for novel and advanced wound management products for the treatment of acute and chronic wounds, are responsible for this positive market growth.
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Target Audience for this Report:
- Wound care associations
- Research & consulting firms
- Distributors of wound research products
- Contract manufacturers of wound care products, devices, equipment and consumables
- Research institutes and clinical research organizations (CROs)
- Venture capitalists
- Doctors, nurses and wound care specialists surgeon
- Government associations
*Top 25 Companies Analysed for This Study are - Acelity L.P. Inc. (US), Smith & Nephew PLC (UK), Mölnlycke Health Care AB (Sweden), Convatec Group PLC (UK), Baxter International Inc. (US), Coloplast A/S (Denmark), Bsn Medical GmbH (Germany), Organogenesis Inc. (US), Deroyal Industries, Inc.(US), Ionmed (Israel), Ethicon, Inc. (US), Medtronic PLC (Ireland), 3M Company (US), Hill-Rom Holdings, Inc. (US), Paul Hartmann AG (Germany), Novabay Pharmaceuticals, Inc. (US), Derma Sciences, Inc. (US), Vivostat A/S (Denmark), Wound Care Technologies, Inc. (US), Leap Therapeutics Inc. (US), Hematris Wound Care GmbH (Germany), Alliqua Biomedical, Inc. (US), Layerbio Inc. (US) Triage Meditech Pvt. Ltd (India), and Fidia Pharma USA Inc. (US).
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Key Point from Table of Content
Global Wound Care Market, By Product
Advanced Wound Management Products
Advanced Wound Dressings
Global Wound Care Market, By Wound Type
Diabetic Foot Ulcers (DFUS)
Global Wound Care Market, By End User
Hospitals & Specialty Wound Care Clinics