14-Mar-2023 | Facts and Factors
According to Facts and Factors, the global active wound care market size was worth around USD 9.35 billion in 2022 and is predicted to grow to around USD 14.2 billion by 2030 with a compound annual growth rate (CAGR) of roughly 5.61% between 2023 and 2030.
The global industry encompasses activities surrounding wound care that requires the use of advanced versions of different therapeutic tools and products that work together to promote wound healing including surgical, active, and chronic wounds. It also deals with mechanisms adopted to manage wound conditions that take longer duration to heal completely, for instance, the ones induced by chronic conditions. The industry is made of suppliers of associated products and services, units that utilize these entities, and patients that undertake medical care.
Browse the full “Active Wound Care Market Size, Share, Growth Analysis Report By End-User (Speciality Clinics, Hospitals, Homecare Setting, and Other Treatment Centers), By Product (Skin-Substitute, Biomaterials, and Growth Factors), By Application (Active Wounds and Chronic Wounds), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data, and Forecast 2023 – 2030" report at https://www.fnfresearch.com/active-wound-care-market
Several products like wound therapy devices wound dressings and wound care biologics form an integral part of the sector and are used to treat conditions like burns, venous leg ulcers, pressure ulcers, surgical wounds, and other conditions. There are several key players in the sector that are continuously making significant contributions to expansion and improving patient care. Furthermore, the industry has tremendous growth potential due to the critical nature of the services provided.
The global active wound care market is projected to grow owing to the increasing rate at which the elderly population is growing. They are most prone to chronic conditions like diabetes and hypertension. In addition to this, the increasing cases of cancer, arthritis, and asthma could act as triggering factors for the higher demand for products required for wound care. Furthermore, the growing awareness surrounding medical care for wounds is expected to help drive revenue during the forecast period.
With the help of internet technology, government initiatives, and activities conducted by domestic or international health care agencies, patients are armed with knowledge related to the importance and availability of active wound care which translates to a higher number of patients opting for medical ways that can cure the lie-altering conditions. This factor also includes the rising number of knowledgeable and aware healthcare professionals providing excellent services in the healthcare segment. Moreover, the growing demand for homecare services could act as a new but highly potential segment for growth as patients are demanding medical care in the comfort of their homes. Advanced medical technology and services have allowed medical care to reach the homes of the patient thus also reducing the burden on hospitals and clinics.
However, the global industry faces certain restraints that require extra input and attention. Some of these factors include inadequate healthcare infrastructure in many parts of the world, especially in underdeveloped economies. There is a significant gap between the supply and demand of medical devices and accessories due to the poor economic strength of the nation.
Furthermore, these countries are also facing a lack of skilled professionals that can carry out complex wound care procedures. In addition to confusing and complicated regulatory frameworks, the industry can expect a loss of revenue during the forecast period.
Technological advancements may support further growth while intense competition could challenge market growth.
Segmental Analysis:
The global active wound care market is segmented based on end-user, product, application, and region
Based on end-user, the global market is divided into specialty clinics, hospitals, homecare setting, and other treatment centers
- In 2022, the largest contributing segment comprised hospitals since they are the most trusted units in terms of medical care
- They are well-equipped to treat complex wounds and manage patient care
- Furthermore, with years of service, hospitals have gained patient trust due to the availability of skilled personnel, necessary infrastructure, and other resources that helps them provide the necessary medical care without putting the patient under a lot of stress
- The large funds allow them to buy wound care products in bulk and improve their services
- In 2019, the US registered more than 36 million patients visiting hospitals
Based on product, the global market is divided into skin-substitute, biomaterials, and growth products.
- The product used in wound care depends on the patient's condition and medical requirements along with the preference of the healthcare provider
- Skin substitutes are used in conditions that cause deep or large wounds that have exposed the underlying muscle or bone. Some examples of treatment products include allografts, skin grafts, and xenografts
- Biomaterials are used in conditions requiring permanent or temporary scaffold that helps with tissue regeneration
- The average cost of skin grafting lies between USD 1900 to USD 3000
Based on application, the global market segments are active wounds and chronic wounds.
Regional Analysis:
North America is anticipated to lead the global active wound care market due to the growing awareness amongst the population about the availability of different options for managing wound care. The region is witnessing a surge in patients with chronic conditions or people who require skin grafting due to various medical reasons including surgical operations. The rise in the geriatric population is another growth factor. Furthermore, the region is home to some of the largest product and service providers worldwide which help in promoting regional market expansion. Similar factors are anticipated to help Europe grow at a high CAGR, especially with the growing elderly population. The rise in Asia-Pacific is projected to be driven by improving medical reimbursement policies and the growing population with rising disposable income.
Report Scope
Report Attribute |
Details |
Market Size in 2022 |
USD 9.35 Billion |
Projected Market Size in 2030 |
USD 14.2 Billion |
CAGR Growth Rate |
5.61% CAGR |
Base Year |
2022 |
Forecast Years |
2023-2030 |
Key Market Players |
Organogenesis Inc, Human BioSciences, Smith & Nephew, Wright Medical Group N.V, Integra Life Sciences, Cytori Therapeutics Inc, Tissue Regenix, MiMedx, Osiris Therapeutics Inc., Solsys Medical, Acell Inc, 3M, Derma Sciences Inc., ConvaTec Inc., Mölnlycke Health Care AB, and others. |
Key Segment |
By End-User, Product, Application, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Purchase Options |
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Competitive Analysis:
The global active wound care market is led by players like Organogenesis Inc, Human BioSciences, Smith & Nephew, Wright Medical Group N.V, Integra Life Sciences, Cytori Therapeutics Inc, Tissue Regenix, MiMedx, Osiris Therapeutics Inc., Solsys Medical, Acell Inc, 3M, Derma Sciences Inc., ConvaTec Inc., and Mölnlycke Health Care AB.
Recent Developments:
- In May 2022, Becton Dickinson (BD) and Isla Care announced a collaboration that is expected to help develop the latter’s visual record used for surveillance activities. The platform can be used post-surgery allowing patients to monitor and share the status of the postoperative wound healing process
- In November 2022, Sanara Medtech and InfusSystem announced a partnership called SI Wound Care, LLC which will focus on delivering wound care solutions
- In June 2021, Bactiguard launched a new range of wound care for pets
The global active wound care market is segmented as follows:
By End-User
- Speciality Clinics
- Hospitals
- Homecare Setting
- Other Treatment Centers
By Product
- Skin-Substitute
- Biomaterials
- Growth Factors
By Application
- Active Wounds
- Chronic Wounds
By Region
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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