Wound Care Management (WCM) Market Size, Trends and Analysis by Product Type, Region and Segment Forecast to 2033
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Accessing the in-depth insights from the ‘Wound Care Management’ market report can help you:
- Gain a valuable understanding of the current and future state of the market, allowing businesses to make informed decisions about market entry, product development, and investments.
- Identify your competitors’ capabilities to stay ahead in the market.
- Identify segments and get an understanding of various stakeholders across different stages of the entire value chain.
- Anticipate changes in demand and adjust your business development strategies.
- Identify potential regions and countries for growth opportunities.
How is our ‘Wound Care Management’ market report different from other reports in the market?
- The report presents in-depth market sizing and forecast at a segment level for more than 15 countries including historical and forecast analysis for the period 2021-2033 for market assessment.
- Detailed segmentation by:
- Product – Traditional Wound Management, Wound Dressings, Compression Therapy, NPWT (Negative Pressure Wound Therapy) Devices, Ostomy Drainage Bags, Tissue Sealants and Adhesives, Surgical Sutures, Tissue Engineered Skin Substitutes, Pressure Relief Devices, Ligating Clips, Topical Absorbable Hemostats, Oxygen Therapy Devices, Wound Contact Layers, Surgical Adhesion Barriers, and Others
- Region – North America, Europe, Asia-Pacific, South & Central America, and Middle East & Africa
- The report covers key market drivers and challenges impacting the WCM market.
- The report includes a regulatory landscape that can provide an overview and detailed analysis of key countries such as the United States, China, Germany, Japan, and India.
- The report covers reimbursement scenarios that can provide an overview and detailed analysis of key countries such as the United States, China, Germany, Japan, and India.
- The competitive landscape includes competitive positioning of key players, and company share analysis in the WCM market that will help the stakeholders in the ongoing process of identifying, researching, and evaluating competitors, to glean insight to form their business strategies.
- Competitive profiling and benchmarking of key players in the market to provide a deeper understanding of industry competition.
- The report can be a valuable tool for stakeholders to improve their operations, increase customer satisfaction, and maximize profitability by analyzing the latest WCM trends, tracking market growth and demand, and evaluating the existing competition in the market.
We recommend this valuable source of information to anyone involved in:
- Companies offering WCM Solutions
- Consulting & Professional Services Firms
- Researchers and Academics
- Venture Capital/Equity Firms
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Wound Care Management (WCM) Market Overview
The global wound care management market will be valued at $30.0 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 3.8% over the forecast period. Wound care management refers to the comprehensive and systematic approach taken by healthcare professionals to assess, treat, and monitor wounds of various types, such as surgical incisions, traumatic injuries, chronic ulcers, and burns. The primary objective of wound care management is to facilitate optimal wound healing, minimize complications, and improve the patient’s overall well-being.
The significance of wound care management in healthcare is multifaceted and is of great importance for both patients and the healthcare system. Its significance is underscored by its role in optimizing patient recovery, preventing amputations, minimizing complications, and enhancing quality of life and patient satisfaction. The wound care management market is driven by demographic shifts, the rising prevalence of chronic diseases, continuous technological advancements, and a growing emphasis on cost-effective, value-based care.
Wound Care Management Market Outlook, 2021-2033
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The increasing frequency of surgical procedures in wound care management serves as one of the significant market drivers. Surgical interventions play a crucial role in the treatment and healing of various acute and chronic wounds. This driver highlights the increasing recognition of surgical intervention as an integral component of comprehensive wound management and the expanding array of surgical techniques for improved wound healing and patient outcomes.
A rising incidence of chronic wounds, and a growing emphasis on patient-centric care, further support market growth. The industry continues to innovate and expand, offering substantial opportunities for growth and improved patient outcomes in spite of facing challenges such as high costs and patient compliance issues. This report serves as a valuable resource for stakeholders seeking insights into the dynamic landscape of the WCM market.
| Market Size (2023) | $30.0 billion |
| Market Size (2033) | $43.7 billion |
| CAGR (2023-2033) | 3.8% |
| Forecast Period | 2023-2033 |
| Historic Data | 2021-2022 |
| Report Scope & Coverage | Industry Overview, Market Dynamics, Regulatory Landscape, Reimbursement Scenario, Revenue Forecast, Regional Analysis, Competitive Landscape, Company Profiles, |
| Product Type | Traditional Wound Management, Wound Dressings, Compression Therapy, NPWT (Negative Pressure Wound Therapy) Devices, Ostomy Drainage Bags, Tissue Sealants and Adhesives, Surgical Sutures, Tissue Engineered Skin Substitutes, Pressure Relief Devices, Ligating Clips, Topical Absorbable Hemostats, Oxygen Therapy Devices, Wound Contact Layers, Surgical Adhesion Barriers, and Others (Wound Closure Strips, Superabsorbents, and Wound Debridement Devices) |
| Regional Segment | North America, Europe, Asia-Pacific, Central & South America, and Middle East & Africa |
| Key Companies | Smith & Nephew Plc, 3M Co, B. Braun Melsungen AG, Johnson & Johnson, Convatec Group Plc, Cardinal Health, Medtronic Plc, and Investor AB (Molnlycke Health Care AB), Teleflex Inc, and BSN medical GmbH (Essity AB) |
Wound Care Management Market Segmentation by Product Type
The wound care market is categorized by product type into various segments, including traditional wound management, wound dressings, compression therapy, NPWT (negative pressure wound therapy) devices, ostomy drainage bags, tissue sealants and adhesives, surgical sutures, tissue-engineered skin substitutes, pressure relief devices, ligating clips, topical absorbable hemostats, oxygen therapy devices, wound contact layers, surgical adhesion barriers, and others (wound closure strips, superabsorbents, and wound debridement devices).
In 2022, the traditional wound management segment held the largest market share within the product category, supported by its long-standing use and affordability. The oxygen therapy devices segment is projected to exhibit a substantial CAGR during the forecast period which can be attributed to its ability to enhance tissue oxygenation, promote wound healing, and prevent infections, making it a valuable component of WCM.
Oxygen therapy devices play a pivotal role in the wound care management market, driven by several factors including the rising prevalence of chronic wounds, such as diabetic ulcers and pressure sores. Oxygen therapy devices, such as concentrators and hyperbaric chambers, are now considered vital in wound care due to oxygen’s role in tissue repair. Additionally, the aging population is more susceptible to non-healing wounds, further boosting device adoption.
Wound Care Management Market Share by Product Type, 2023 (%)
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The compression therapy approach is commonly used to address chronic and non-healing wounds, particularly those associated with venous insufficiency, such as venous leg ulcers, diabetic foot ulcers, and arterial ulcers. This segment has witnessed an upsurge with an increasing incidence of chronic wounds due to factors such as the aging population in several geographies, lifestyle diseases such as diabetes, and lack of access to proper healthcare facilities.
Tissue sealants and adhesives are vital products for sealing or bonding tissues in surgeries and wound management. They aid in bleeding control, infection prevention, and wound healing, serving as alternatives to sutures or staples, especially for delicate tissues. Growing demand for minimally invasive procedures and an aging population drive their adoption. Advances in product formulations and applications are enhancing efficacy and safety, making them increasingly attractive to healthcare providers.
Wound Care Management Market Segmentation by Region
North America is leading the market in terms of revenue in 2023 and is projected to grow at a CAGR of 4.1% over the forecast period. The wound care management market in North America is one of the most mature markets globally. It is highly advanced, with access to state-of-the-art technologies and a well-established healthcare infrastructure. The US and Canada lead the way in wound care research and innovation in the region. According to the National Diabetes Statistics Report published in June 2022 by CDC (Centers for Disease Control and Prevention), the US had an estimated 34.2 million people with diabetes. High blood sugar in diabetes hampers healing, causing chronic ulcers and infections. Obesity, another growing health concern in the region, increases skin pressure, leading to breakdown and ulcers and higher chances of chronic wounds. Both conditions raise the risk of vascular issues, driving the need for specialized wound care.
Wound Care Management Market Analysis by Region, 2023 (%)
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Europe accounted for the second largest share in the WCM market in terms of revenue share in 2023 and is projected to witness moderate growth during the forecast period. The European wound care management market benefits from a robust healthcare system and a commitment to evidence-based wound care practices. This market is witnessing heightened demand driven by factors such as a rising number of surgical procedures, the prevalence of chronic conditions like chronic wounds and ulcers (including diabetic ulcers), a growing aging population, and increased surgical interventions.
China’s wound care management market has experienced significant growth and evolution during the review period, driven by a rapidly aging population and the rising prevalence of chronic diseases such as diabetes. This market features a mix of domestic and international players, with local manufacturers gaining prominence by producing a wide array of wound care products. China’s supportive trade policies, as seen in initiatives like Made in China 2025, strengthen local companies by promoting domestic innovation and manufacturing. These companies often have a deeper understanding of their domestic population’s healthcare needs and preferences, allowing them to develop customized products tailored to specific demands.
Wound Care Management Market - Competitive Landscape
The global wound care management market is highly competitive, with many established companies offering a variety of solutions. This competition is driven by the constant need for innovation in wound care products and services to meet the changing demands of healthcare providers and patients worldwide.
The major players in the wound care management market continue to invest in research and development to bring innovative products to market. For instance, Smith & Nephew has introduced innovative wound dressings such as Exogen with growth factors, and advanced foam dressings such as Allevyn, for faster and more effective wound healing.
Most companies differentiate their WCM offerings by providing unique and innovative features that set them apart from their competitors. These features may include advanced dressings and materials such as hydrogels, hydrocolloids, foam dressings, tissue-engineered skin substitutes or negative pressure wound therapy (NPWT) products. For instance, Acelity’s (3M) V.A.C.ULTA negative pressure wound therapy system offers innovative smart alarm technology for real-time monitoring of pressure settings, differentiating it in the NPWT segment.
The wound care management market is characterized by its dynamic and multifaceted competitive landscape, encompassing a wide spectrum of participants that range from well-established multinational corporations to innovative startups. The global prevalence of chronic wounds and the increasing incidence of complex wound conditions has further intensified the competition in the market as companies strive to introduce innovative products to meet evolving healthcare needs.
Leading Players in the Wound Care Management Market
- Smith & Nephew Plc
- 3M Co
- Braun Melsungen AG
- Johnson & Johnson
- Convatec Group Plc
- Cardinal Health
- Medtronic Plc
- Investor AB (Molnlycke Health Care AB)
- Teleflex Inc
- BSN medical GmbH (Essity AB)
Other Global Wound Care Management Market Vendors Mentioned
Coloplast Corp, Integra LifeSciences Holdings Corp, and Medline Industries LP.
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Wound Care Management Market Segments and Scope
GlobalData Plc has segmented the WCM market report by product type and region:
Wound Care Management Market Product Outlook (Revenue, $ Million 2021-2033)
- Traditional Wound Management
- Abdominal Pads (ABD)
- Bandages
- Gauze Sponges
- Gauzes
- Sponges
- Wound Dressings
- Alginates
- Collagens
- Foams
- Hydrocolloids
- Hydrofibres
- Hydrogels
- Semi-Permeable Films
- Compression Therapy
- Static Compression Therapy
- Pneumatic Compression Therapy
- NPWT (Negative Pressure Wound Therapy) Devices
- NPWT Accessories
- NPWT Devices
- Ostomy Drainage Bags
- Colostomy
- Ileostomy
- Urostomy
- Tissue Sealants and Adhesives
- Tissue Adhesives
- Tissue Sealants
- Surgical Sutures
- Sutures
- Automated Suturing Devices
- Tissue Engineered Skin Substitutes
- Acellular Skin Substitutes
- Cellular Skin Substitutes
- Pressure Relief Devices
- Mattress Overlays
- Mattresses
- Ligating Clips
- Polymer Ligating Clips
- Titanium Ligating Clips
- Topical Absorbable Hemostats
- Oxidized Regenerated Cellulose-Based Hemostats
- Polysaccharide-Based Hemostats
- Others (Collagen-Based Hemostats, Combination Hemostats-Pads, Gelatin-Based Hemostats)
- Oxygen Therapy Devices
- Hyperbaric Oxygen Chambers
- Wound Contact Layers
- Surgical Adhesion Barriers
- Others (Superabsorbents, Wound Closure Strips, and Wound Debridement Devices)
Wound Care Management Market Regional Outlook (Revenue, $ Million, 2021-2033)
- North America
- US
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- Spain
- Netherlands
- Switzerland
- United Kingdom
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- Rest of Asia Pacific
- South & Central America
- Argentina
- Chile
- Brazil
- Middle East & Africa
- United Arab Emirates
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Scope
• This report provides overview and service addressable market for global Wound Care Management (WCM) market
• It identifies the key drivers and challenges impacting growth of the WCM market over the next 12 to 24 months.
• It includes global market forecasts for the WCM market and analysis of latest M&A deals, regulatory trends, and reimbursement scenario.
• It covers detailed segmentation by product type and regional segmentation.
Key Highlights
Wound Care Management (WCM) market will be valued at $30.0 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 3.8% over the forecast period. The wound care management market comprises of dressings, equipment and other aids to prevent, treat wounds and also quicken or promote wound healing. The wound care management market covers advanced wound management, compression therapy, hyperbaric oxygen chambers, negative pressure wound therapy (NPWT), ostomy drainage bags, pressure relief devices, surgical sutures, tissue engineered – skin substitutes, traditional wound management, wound closure devices and wound debridement devices. The market is largely driven due to technological advancements in wound care management, increase in number of surgical procedures, ageing population, and increase in prevalence of chronic diseases. This helps businesses optimize each touchpoint and enhance the overall customer experience.
Reasons to Buy
• This market intelligence report offers a thorough, forward-looking analysis of the global Wound Care Management (WCM) market by product type, regional segments, and key opportunities in a concise format to help executives build proactive and profitable growth strategies.
• Accompanying GlobalData’s Forecast products, the report examines the drivers, challenges, trend analysis in the WCM market.
• Detailed segmentation by product type traditional wound management, wound dressings, compression therapy, npwt (negative pressure wound therapy) devices, ostomy drainage bags, tissue sealants and adhesives, surgical sutures, tissue engineered skin substitutes, pressure relief devices, ligating clips, topical absorbable hemostats, oxygen therapy devices, wound contact layers, surgical adhesion barriers, and others (wound closure strips, superabsorbents, and wound debridement devices). Further, the report also highlights segmentation by region.
• The report includes 100+ charts and tables providing in-depth analysis of the market size, forecast, and supporting factors which are tailor-made for an executive-level audience, with enhanced presentation quality.
• The report provides an easily digestible market assessment for decision-makers built around in-depth information gathered from local market players, which enables executives to quickly get up to speed with the current and emerging trends in WCM markets.
• The competitive section of the report helps in identifying the flagbearers, experimenters, contenders, and specialists based on their growth and innovation performance in the WCM industry which will help stakeholders analyze competition penetration.
• The broad perspective of the report, coupled with comprehensive, actionable detail, will help WCM vendors and other companies succeed in the growing WCM market globally.
Key Players
Smith & Nephew Plc3M Co
B. Braun Melsungen AG
Johnson & Johnson
Convatec Group Plc
Cardinal Health
Medtronic Plc
Investor AB (Molnlycke Health Care AB)
Teleflex Inc
BSN medical GmbH (Essity AB)
Table of Contents
Table
Figures
Frequently asked questions
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What is the wound care management market size in 2023?
The global WCM market size will be valued at $30.0 billion in 2023.
-
What is the wound care management market growth rate?
The global WCM market is expected to grow at a CAGR of 3.8% over the forecast period (2023-2033).
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What are the key wound care management market drivers?
The key WCM market drivers include technological advancements in wound care management, an increase in the number of surgical procedures, an aging population, and an increase in the prevalence of chronic diseases.
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Which was the leading product segment in the wound care management market?
Traditional wound management was the leading product segment in the wound care management market in 2022.
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Which was the leading region in the wound care management market?
North America accounted for the largest wound care management market share in 2023.
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Which are the leading wound care management companies globally?
Some of the leading WCM companies are Smith & Nephew Plc, 3M Co, B. Braun Melsungen AG, Johnson & Johnson, Convatec Group Plc, Cardinal Health, Medtronic Plc, and Investor AB (Molnlycke Health Care AB), Teleflex Inc, and BSN medical GmbH (Essity AB).
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Is there a third level of segmentation in the report?
GlobalData’s focus is on providing reliable and accurate data that is supported by robust research methodology. Our reports undergo rigorous quality checks and are based on primary and secondary research sources, ensuring that the numbers and insights provided are trustworthy. However, despite the best efforts to gather comprehensive data, there could be instances where the available data is limited, making it challenging to provide third-level segmentation. In such cases, GlobalData may choose to provide high-level insights and general trends rather than forcing segmentation that may not be backed by sufficient data. This approach ensures that the report’s overall quality and credibility are maintained.
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