Global Advanced Wound Care Market

Global Advanced Wound Care Market Size, Share, Growth Analysis, By Product(Dressings (Foam, Hydrocolloid), By Wound Type(Surgical, Traumatic), By End-User(Hospital, Homecare) - Industry Forecast 2024-2031


Report ID: SQMIG35D2182 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 96 | Figures: 76

Global Advanced Wound Care Market Competitive Landscape

As the market is semi consolidated, the market penetration will rise in the future. Along with this collaborations, and mergers & acquisitions activities are increasing in the market, which is expected to make penetration easier. For example, in April 2019, Smith and Nephew PLC acquired Osiris Therapeutics, Inc., intending to accelerate the development of its advanced wound management product portfolio. The initiative will expand its customer base.

Advanced Wound Care Market Top Players Company Profiles

  • Smith & Nephewplc 
  • Mölnlycke Health Care AB
  • Coloplast A/S
  • 3M Company
  • ConvaTec Group Plc 
  • Medtronic plc
  • Integra LifeSciences Corporation
  • BSN medical GmbH
  • Acelity L.P. Inc.
  • B. Braun Melsungen AG
  • Organogenesis Inc.
  • Hollister Incorporated
  • Ethicon Inc. (Johnson & Johnson)
  • Argentum Medical LLC
  • Medline Industries, Inc.
  • PAUL HARTMANN AG
  • Derma Sciences Inc.
  • Urgo Medical
  • Systagenix Wound Management Limited
  • BioD LLC

Advanced Wound Care Market

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Advanced Wound Care Market size was valued at USD 6.7 billion in 2019 and is poised to grow from USD 7 billion in 2023 to USD 10.8 billion by 2031, growing at a CAGR of 5.4% in the forecast period (2024-2031).

As the market is semi consolidated, the market penetration will rise in the future. Along with this collaborations, and mergers & acquisitions activities are increasing in the market, which is expected to make penetration easier. For example, in April 2019, Smith and Nephew PLC acquired Osiris Therapeutics, Inc., intending to accelerate the development of its advanced wound management product portfolio. The initiative will expand its customer base. 'Smith & Nephewplc ', 'Mölnlycke Health Care AB', 'Coloplast A/S', '3M Company', 'ConvaTec Group Plc ', 'Medtronic plc', 'Integra LifeSciences Corporation', 'BSN medical GmbH', 'Acelity L.P. Inc.', 'B. Braun Melsungen AG', 'Organogenesis Inc.', 'Hollister Incorporated', 'Ethicon Inc. (Johnson & Johnson)', 'Argentum Medical LLC', 'Medline Industries, Inc.', 'PAUL HARTMANN AG', 'Derma Sciences Inc.', 'Urgo Medical', 'Systagenix Wound Management Limited', 'BioD LLC'

The global advanced wound care market is driven by traumatic wounds, worldwide geriatric population, rising number of surgeries, and increasing cases of diabetes and obesity. diabetes and obesity play an important role in developing wound complexity thus, boosting the demand for advanced wound care in the global market.

Bioactive therapies are used for last-stage wounds and will further foster growth in the market. Key companies in the market are using nanofiber, allograft, xenograft, and cell-based therapies to fulfill the growing demand for urgent and effective wound management. The benefits of bioactive therapies such as reduction in treatment time, cost of the wound are gaining popularity among the consumers.

North America dominated the market in terms of revenue and market share. Factors such as the rising number of road accidents, sports injuries, and several key players in the region were responsible for this growth. Asia-Pacific provides profitable opportunities for well-established players in the advanced wound care market. The growth of this region is mainly because of rising in the geriatric population. Europe will register significant growth in the future because of better health infrastructure in countries such as Germany, UK, etc.

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Global Advanced Wound Care Market

Product ID: SQMIG35D2182

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