New York, USA, Dec. 13, 2024 (GLOBE NEWSWIRE) — Market Statistics
The global advanced wound care management market size is projected to grow from USD 10.65 billion in 2024 to USD 17.50 billion by 2034, at a CAGR of 5.1%, according to a new report by Polaris Market Research.
Market Overview
Wound care has encountered sizeable progressions especially within urgent and primary care surroundings. The advancement of wound management has instigated a contemporary epoch of treatment procedures acknowledged as advanced wound care, providing notable advantages over conventional approaches. With the passage of time, progressions in wound care have transformed patients’ consequences and recuperation procedures. Wound care methodologies support inventive technologies and proof-dependent practices to maximize healing and decrease obstacles.
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Key Insights from Report
- The market for advanced wound care management is significantly shaped by utilizing innovative methodologies to improve healing tempo and productivity.
- The advanced wound care management market segmentation is mainly based on product, wound type, end use, and region.
- Based on product, the dressings segment is expected to experience the highest CAGR during the forecast period.
- By region, the report provides market insights into Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.
Advanced Wound Care Management Market Scope
| Report Attributes | Details |
| Market size value in 2024 | USD 10.65 billion |
| Market size value in 2025 | USD 11.18 billion |
| Revenue forecast in 2034 | USD 17.50 billion |
| CAGR | 5.1% from 2025 to 2034 |
| Base year | 2024 |
| Historical data | 2020-2023 |
| Forecast period | 2025 to 2034 |
Market’s Growth Drivers
Growing Frequency of Bruises: The growing frequency of bruises and mishaps that frequently cause intricate wounds has notably escalated demand for the market. Further, the surge in orthopedic surgeries is driving the demand. Orthopedic processes include intricate cuts and notable tissue wounds causing elevated cases of post-surgical injuries that need specific care, which is contributing to the advanced wound care management market growth.
Growing Diabetes Conditions: Growing rates of conditions such as diabetes and cardiovascular illnesses assist in elevated cases of detrimental injuries. For instance, as per CDC, 37.3 million persons in the US have diabetes, 28.7 million have been diagnosed, 8.5 million are undiagnosed, and 96 million have prediabetes. Unregulated diabetes deranges vascular operations causing decreased blood flow and diminished nutrient conveyance to wounds causing retarded and inadequate wound healing.
Growing Aging Population: The growing aging population is vulnerable to detrimental injuries and dermatological conditions which escalates the requirement for progressive wound care solutions. The existence of these age-connected intricacies pushes the demand for enlightened wound-handling technologies, thus pushing the market growth.
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List of Advanced Wound Care Management Market Key Players
- 3M
- Baxter International
- Coloplast Corp.
- Convatec Group Plc.
- Integra Lifesciences
- Medline Industries
- Medtronic
- Molnlycke Health Care AB
- Smith & Nephew
- Urgo Medical
Geographical Analysis
North America accounted for the largest advanced wound care management market share. This is due to the region’s progressive healthcare framework, together with elevated healthcare disbursement, which eases the extensive acquisition of progressive wound care technologies. Additionally, the growing cases of sports-connected wounds cause the acquisition of advanced wound care management solutions.
Asia Pacific is also expected to grow at the highest CAGR during the forecast period owing to a growing aging population is assisting in elevated demand for productive progressive wound care management in the region. For instance, as per the World Economic Forum, Asia’s population presently surpasses 4.5 billion showcasing over half of the global population.
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Market Segmentation
By Product Outlook
- Dressings
- Foam Dressings
- Silicone Dressings
- Non-silicone Dressings
- Hydrocolloid Dressings
- Film Dressings
- Alginate Dressings
- Hydrogel Dressings
- Collagen Dressings
- Hydrofiber Dressings
- Wound Contact Layers
- Superabsorbent Dressings
- Other Advanced Dressings
- Devices & Accessories
- NPWT Devices & Accessories
- Debridement Devices & Accessories
- Assessment & Monitoring Devices
- Other Devices & Accessories
- Grafts & Matrices
- Topical Agents
By Wound Type Outlook
- Surgical & Traumatic
- Diabetic Foot Ulcers
- Pressure Ulcers
- Venous Leg Ulcers
- Burns & Other Wounds
By End Use Outlook
- Hospitals, ASCs, and Wound Care Centers
- Home Care Settings
- Others
By Regional Outlook
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Netherlands
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Malaysia
- South Korea
- Indonesia
- Australia
- Vietnam
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Israel
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Mexico
- Brazil
- Argentina
- Rest of Latin America
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About Polaris Market Research & Consulting, Inc:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR’s clientele spread across different enterprises. We at Polaris are obliged to serve PMR’s diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR’s customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR’s customers.
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