Speciality Surgical Wound Care Product Market Size, Share Global Analysis Report, 2022 – 2028

Industry Insights

[216+ Pages Report] According to Facts and Factors, the global specialty surgical wound care market size was worth USD 4,392.5 million in 2021 and is estimated to grow to USD 6,125.8 million by 2028, with a compound annual growth rate (CAGR) of approximately 5.7% over the forecast period. The report analyzes the specialty surgical wound care market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the specialty surgical wound care market.

Speciality Surgical Wound Care Products Market: Overview

To benefit patients with wound-related illnesses such as ulcers and diabetes, cutting-edge gadgets known as surgical specialty wound care solutions have been created. Specialty patients with diabetes frequently develop diabetic foot ulcers, which can be managed surgically. For instance, more than 25% of people with diabetes may get diabetic foot ulcers, and 20% of patients may require foot amputation. Therefore, it is projected that specialty surgical wound care products would increase among diabetic patients. These products facilitate the preservation of moisture and speed up the healing of both internal and external wounds. These drugs also help remove necrotic tissues, which is beneficial for treating surgical site infections. Healthcare professionals also prefer specialty surgical wound care products. Hence the market is anticipated to grow quickly throughout the forecast period.

Additionally, an increase in ambulatory surgical centers (ASCs) is projected to support the wound care sector. ASCs offer various medical services, such as surgery, diagnostic procedures, and wellness examinations. In addition to doing procedures for the G.I. system, urology, orthopedics, and restorative, reconstructive, or alternative plastic surgery, ambulatory surgical clinics also perform the surgeries. ASCs also offer services that are reasonably priced as they grow in popularity. As a result, the global specialty surgical wound care market is expected to expand throughout the projected period as ASC numbers increase.

COVID-19 Impact:

Although improved wound care is an essential component of healthcare, its market demand was low due to the rise in COVID-19 instances. Numerous nations have put off elective operations and other medical treatments on hold indefinitely due to the COVID-19 outbreak, which has caused healthcare facilities like hospitals to become overcrowded with COVID-19 patients. Additionally, the COVID-19 pandemic has provided numerous chances for regional manufacturers. Major players' supply chains have been interrupted due to travel restrictions at international borders. Due to the unmet needs of end users, this gave local companies the chance to enter the specialty surgical wound care market.

Key Insights

• As per the analysis shared by our research analyst, the global specialty surgical wound care product market value is expected to grow at a CAGR of 5.7% over the forecast period.
• In terms of revenue, the global specialty surgical wound care product market size was valued at around USD 4,392.5 million in 2021 and is estimated to grow to USD 6,125.8 million by 2028.
• There is a strong need for treatment goods due to the rising prevalence of various types of wounds worldwide, driving the adoption of surgical sealants, devices, and other products over the forecast period.
• By product type, the absorbable hemostat category dominated the market in 2021.
• By application, the stop wound bleeding category dominated the market in 2021.
• North America dominated the global specialty surgical wound care product market in 2021.

Specialty Surgical Wound Care Product Market: Growth Drivers

• The growing prevalence of chronic wounds drives the market growth

The demand for dressings, devices, and active therapies to treat wounds is anticipated to rise in response to the increased occurrence of pressure ulcers, diabetic ulcers, and other wounds. For instance, it has been stated that between 1.0 and 3.0 million Americans suffer from soft tissue injuries and pressure sores every year. Additionally, it was said that Japan had a 2.9 per 1000-person annual incidence of diabetic foot ulcers. Therefore, there is a strong need for treatment goods due to the rising prevalence of various types of wounds worldwide, driving the adoption of surgical sealants, devices, and other products over the forecast period.

Specialty Surgical Wound Care Product Market: Restraints

• The high cost of treatment and inadequate reimbursement policies in emerging countries may hinder the market growth

Certain constraints limit the adoption of specialty surgical wound care products internationally, despite a sizable patient population with surgical wounds. One of them is the high price of items like absorbable hemostats and sophisticated wound dressings, combined with the lack of reimbursement for these items in developing nations. For example, it was predicted that the cost of care for each patient with a hospital-acquired pressure ulcer would be extremely high. Due to the high expense of treating these difficult-to-heal ulcers and insufficient reimbursement regulations, particularly in developing nations, the global market for specialty surgical wound care products and technologies has seen a slower adoption rate.

Specialty Surgical Wound Care Product Market: Opportunities

• Technological advancements in treatment options present market opportunities

To lower the risk of surgical wound dehiscence and surgical site infection, Smith & Nephew announced the PICO 14 single-use negative pressure wound care system in the United States in March 2020. Thus, it is anticipated that rising R&D expenditures and the introduction of several novel wound healing products by market players, including surgical glues, surgical sealants, and others, will encourage the use of specialty surgical wound care products for the urgent treatment of diabetic foot ulcers, among other uses.

Speciality Surgical Wound Care Products Market: Segmentation

The global specialty surgical wound care market is segregated based on product type, application, and region.

By product type, the market is segmented into surgical sealants, surgical glues, absorbable hemostats, adhesion prevention products, and others. The absorbable hemostats segment dominated the market in 2021. Surgical techniques employ absorbable hemostats, also referred to as oxidized regenerated cellulose, to help reduce capillary, minor artery hemorrhage, and venous bleeding. They are among the most frequently used tools in surgical sets.

By application, the market is divided into stopping wound bleeding, alleviating wound pain, and healing wounds. The stop wound bleeding segment dominated the market in 2021. Applying firm pressure to a cut or wound with a clean cloth, tissue, or piece of gauze until bleeding ceases is the definition of stopping wound bleeding.

Recent Developments

• January 2020: ConvaTec Group Plc (U.K.) launched ConvaMax, a new wound covering that helps manage severely draining wounds such as leg ulcers, surgical wounds, and diabetic foot ulcers.

Report Scope

Speciality Surgical Wound Care Products Market: Regional Landscape

• North America dominated the global specialty surgical wound care products market in 2021

With 45.4% of total revenue in 2021, North America dominated the global specialty surgical wound care product market in 2021 and is expected to grow quickly throughout the forecast period. The region's market is developing due to the sizable population and expanding patient base in countries like the U.S. Additionally, there will be a rise in the need for products that improve wound healing and care in this area because older individuals are more prone to develop wounds. For instance, 54.1 million people were 65 and older in 2019, according to the Administration for Community Living's report on aging and health. The increased frequency of traffic accidents and the availability of qualified specialists in this field are also expected to raise the need for specialty surgical wound care products in North America.

Competitive Landscape

• Medtronic 
• Acelity 
• Davol (Bard) 
• Aspen Surgica (Hill-Rom) 
• CSL Behring 
• CryoLife 
• Baxter 
• MEDLINE 
• DUKAL 
• Henry Schein 

Global Speciality Surgical Wound Care Products Market is segmented as follows:

By Type

• Surgical Sealants
• Surgical Glues
• Absorbable Hemostats
• Adhesion Prevention Products
• Other

By Application

• Stop Wound Bleeding
• Alleviate Wound Pain
• Heal Wound

By Regional Segment Analysis

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
    • Denmark
    • Sweden
    • Norway
  • 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