San Francisco, 16 Jan 2024: The Report Wound Care Market Size, Share & Trends Analysis Report By Application (Chronic, Acute), By End-use (Hospitals, Nursing Homes), By Product (Advanced, Traditional), By Distribution Channel, By Mode of Purchase, And Segment Forecasts, 2024 - 2030

The global wound care market size is projected to reach USD 29.57 billion by 2030, registering a CAGR of 4.17% from 2024 to 2030, according to a new report by Grand View Research, Inc. Rising volume of surgical procedures, a rapidly aging population, as well as growing number of diabetic patients, are among the major factors driving market’s growth. For instance, according to Ageing Asia, as of 2019, more than 139 million people, i.e., about 10% of India’s total population, were aged over 60 years. This number is expected to increase to 19.5% by 2050. The geriatric population is more susceptible to wounds, and thus, with an increasing geriatric population, the market is anticipated to expand during the forecast period. The market has seen significant technological advancements in recent years, leading to the development of new and innovative products for treating various types of wounds.

Naturally occurring proteins, which stimulate cell growth and division, can be used in wound care to promote healing and tissue regeneration. For example, platelet-derived growth factor (PDGF) is effective in promoting the healing of chronic wounds. 3D printing technology has revolutionized the production of custom-made wound care products, such as prosthetic limbs, orthotics, and wound dressings. Many leading manufacturers are undergoing strategic initiatives, such as product launches, partnerships, and geographic expansions, which may help them capitalize on the rising product demand. For instance, Human Biosciences planned on launching two new wound care products in the Indian market. The launch of these products is expected to help the company capture the post-pandemic market in India. Similar initiatives by other players are anticipated to boost market growth.

Access Research Report of Wound Care Market @ https://www.grandviewresearch.com/industry-analysis/wound-care-market

Wound Care Market Report Highlights

• The advanced wound dressing product segment dominated the market with a share of 34.8% in 2023 owing to the advantages offered by these dressings over their traditional counterparts
• The chronic wound application segment dominated the market with a share of 59.8% in 2023 due to increased cases of diabetic foot ulcers and pressure ulcers across the globe
• The hospital end-use segment led the market on account of the increasing number of surgical site infections (SSIs). On the other hand, the home care segment is anticipated to witness the fastest CAGR from 2024 to 2030
• Based on mode of purchase, the prescribed segment dominated the market with a share of 62.7% in 2023
• The institutional sales distribution channel segment dominated the market. However, the retail sales segment is anticipated to witness the fastest CAGR of 4.55% from 2024 to 2030
• North America was the dominant regional market with a share of 45.4% in 2023 owing to technological advancements and a high volume of surgical procedures

Wound Care Market Report Scope

List of Key Players in Wound Care Market

• Smith & Nephew
• Mölnlycke Health Care AB
• ConvaTec Group PLC
• Ethicon (Johnson & Johnson)
• Baxter International
• URGO Medical
• Coloplast Corp.
• Medtronic
• 3M
• Derma Sciences Inc. (Integra LifeSciences)
• Medline Industries
• Advancis Medical
• Braun Melsungen AG

Access Press Release of Wound Care Market @ https://www.grandviewresearch.com/press-release/global-wound-care-market