Global Traditional Wound Management Market

Traditional Wound Management Market Size, Share, Growth Analysis, By Product(Gauze, Bandage, Cotton, Others), By Application(Acute wound, Chronic Wound), By End-User(Hospitals & Clinics, Home Healthcare, Ambulatory Surgical Centers, Other), By Region - Industry Forecast 2024-2031


Report ID: SQMIG45E2158 | Region: Global | Published Date: March, 2024
Pages: 197 |Tables: 91 |Figures: 76

Traditional Wound Management Market Insights

Global Traditional Wound Management Market size was valued at USD 6.5 billion in 2022 and is poised to grow from USD 6.76 billion in 2023 to USD 9.25 billion by 2031, growing at a CAGR of 4% in the forecast period (2024-2031).

The expansion of this market is attributed to the escalating frequency of accidents, the proliferation of Ambulatory Surgical Centers (ASCs), and the surging prevalence of chronic ailments worldwide. The upsurge in chronic diseases such as urological disorders, cancer, Cardiovascular Disorders (CVDs), neurovascular conditions, and other persistent health issues has gained momentum. These enduring maladies account for approximately 60% of global mortality, as per World Health Organization (WHO) statistics. The International Diabetes Federation (IDF) projected a 10.5% global prevalence of diabetes in individuals aged 20 to 79 in 2021, reaching 536.6 million people, with an estimated increase to 12.2% (783.2 million) by 2045.

Moreover, cancer has emerged as a significant contributor to the global healthcare burden, standing as a major cause of mortality. WHO estimates designate cancer as a foremost global cause of death, with nearly 1 in 6 fatalities attributed to the disease. Furthermore, over 70% of cancer-related deaths transpire in middle- and low-income countries. The surge in chronic ailment prevalence has consequently led to a rise in surgical procedures conducted. ASCs have expanded their offerings to encompass surgical care, diagnostics, and preventative interventions.

US Traditional Wound Management Market is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - 2024-2031

Global Market Size

USD 6.5 billion

Largest Segment

Gauze

Fastest Growth

Gauze

Growth Rate

4% CAGR

Global Traditional Wound Management Market ($ Bn)
Country Share for Asia Pacific Region (%)

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Traditional Wound Management Market Segmental Analysis

The global traditional wound management market is segmented on the basis of product, service model, delivery model, application, Region. By product, the market is segmented into gauze, bandage, cotton, others. By application the market is segmented into acute wound, chronic wound. By end user - hospitals & clinics, home healthcare, ambulatory surgical centers, other. By region, the market is segmented into North America, Europe, Latin America, Asia- Pacific, Middle East and Africa.

Traditional Wound Management Market Analysis By Product

The gauze segment, constituting a substantial share of more than 48.90% of the total revenue in 2022, stands as a dominant force within the market landscape. This segment is poised for noteworthy growth throughout the forecast period, fueled by a multitude of factors. Gauze bandages, marked by their versatility, thin composition, breathability, and woven fabric structure, find direct application to wounds. Their inherent properties aid in maintaining wound hygiene and expediting the healing process. The burgeoning incidence of acute and chronic wounds worldwide emerges as a pivotal driver for this segment. Gauze bandages, often employed as the primary dressing for these wounds, thus play a pivotal role in addressing a diverse array of wound care needs.

The expanding tape segment underscores a pivotal trend in the wound care domain, aligning with the evolving needs of healthcare professionals and patients alike. As chronic ailments and injuries continue to pose challenges, the criticality of effective wound care solutions grows. This shift reflects the industry's commitment to optimizing patient outcomes through advanced wound care practices. As the market continues to respond to evolving healthcare landscapes, the gauze and tapes segments are poised to play integral roles in shaping the trajectory of wound care solutions across diverse medical settings.

Global Traditional Wound Management Market By Application, 2022 (%)

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Traditional Wound Management Market Regional Insights

In the year 2022, North America emerged as the dominant force in the global industry, commanding a substantial revenue share exceeding 45.00%. This ascendancy is largely attributed to a convergence of factors that underscore the region's integral role in the wound care landscape. A notable surge in cases related to sports injuries, road accidents, and the escalating prevalence of chronic diseases distinctly propel the demand for wound care solutions within the North American expanse. The demographic dynamic plays a significant role, as the geriatric population, vulnerable to wound-related concerns, contributes notably to the product demand. A tangible manifestation of this lies in statistics provided by the Administration for Community Living, which revealed that the percentage of individuals aged 65 and above reached 54.1 million in 2019, constituting a significant 16% of the overall population. Additionally, the region's robust healthcare infrastructure, coupled with a wealth of skilled professionals, augments its capacity to cater to diverse wound care requirements, further propelling the demand for products.

Concurrently, the Asia Pacific region is poised to chart the swiftest Compound Annual Growth Rate (CAGR) from 2023 to 2030. The impetus for this expansion is rooted in an escalating incidence of chronic ailments, particularly diabetes. This phenomenon is exemplified by data from the American Diabetes Association, indicating a rapid surge in type 2 diabetes cases in China, marking a paramount public health concern. As a catalyst, the surging medical tourism trend in the region plays a pivotal role, fostering an environment where a heightened number of surgeries are conducted. Consequently, this phenomenon underpins the proliferating demand for wound care solutions, steering the regional market's trajectory throughout the forecast period.

Global Traditional Wound Management Market By Geography, 2024-2031
  • Largest
  • Fastest

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Traditional Wound Management Market Dynamics

Traditional Wound Management Market Drivers

Rising Incidence of Chronic Diseases

  • The increasing prevalence of chronic diseases such as diabetes, cardiovascular diseases, and obesity is a primary driver of the traditional wound management market. Chronic conditions often lead to slow-healing wounds, creating a sustained demand for wound care products.

Sports Injuries and Accidents

  • The growing number of sports-related injuries and road accidents requires efficient wound care to prevent infections and ensure proper healing. This drives the demand for traditional wound management products among athletes and accident victims.

Aging Population

  • The global demographic shift toward an aging population contributes to the demand for wound care solutions. Older adults are more susceptible to chronic wounds, pressure ulcers, and other skin-related issues, necessitating effective wound management products.

Traditional Wound Management Market Restraints

High Cost of Advanced Products

  • Advanced wound care products, although effective, can be expensive. This cost factor can limit their adoption, particularly in regions with limited healthcare resources or budget constraints.

Limited Access to Healthcare

  • In regions with inadequate healthcare infrastructure, accessibility to wound care products and treatments can be challenging. This hampers the effective management of wounds, especially in rural or underserved areas.

Risk of Infections

  • Traditional wound management methods may carry a higher risk of infections compared to advanced techniques. This risk can deter patients and healthcare providers from adopting certain products or practices.

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Traditional Wound Management Market Competitive Landscape

The competitive landscape of the global traditional wound management market is marked by the presence of a diverse array of companies vying to address the complex demands of wound care. Established medical device manufacturers, pharmaceutical giants, and specialized wound care companies are key contenders in this dynamic arena. These players compete to provide a comprehensive range of wound management products, including dressings, bandages, antiseptics, and other essential solutions.

Prominent companies like Johnson & Johnson, 3M, Smith & Nephew, and ConvaTec have carved out significant footholds in the market. Their extensive product portfolios, global distribution networks, and research-driven innovations contribute to their competitive advantage. These industry leaders often emphasize research and development to introduce advanced wound care solutions that cater to various wound types and patient needs.

Moreover, smaller niche players and startups are also contributing to the competitive milieu by introducing novel technologies, eco-friendly alternatives, and patient-centric approaches. The drive for sustainable wound care and personalized treatment strategies has given rise to innovative entrants in the market.

Traditional Wound Management Market Top Player’s Company Profiles

  • DeRoyal Industries, Inc. (US)
  • Hollister Incorporated (US)
  • Integrif Industries, LLC (US)
  • Coloplast A/S (Denmark)
  • Medtronic plc (Ireland)
  • Mölnlycke Health Care AB (Sweden)
  • Paul Hartmann AG (Germany)
  • Smith & Nephew plc (UK)
  • B. Braun Melsungen AG (Germany)
  • Johnson & Johnson (US)
  • Paula's Choice Skin Care (US)
  • Derma Sciences, Inc. (US)
  • 3M Nexcare (US)
  • Urgo Medical (France)
  • Curad (US)
  • Medinex (US)
  • Kinetic Concepts, Inc. (US)

Traditional Wound Management Market Recent Developments

  • Smith & Nephew introduced the REGENTEN Bio-inductive implant in India in July 2023. By encouraging the body's natural healing process and promoting the development of tendon tissue, the implant is intended to treat wounds.

  • Baxter International Inc. introduced the Progressa+ Next Gen ICU Bed in June 2023 to help with the needs of providing complex and critical care. It considers the necessity of providing patients with critical care, particularly wound care.
  • In May 2023, 3M launched Spunlace, an extended-wear adhesive tape solution.

Traditional Wound Management Key Market Trends

  • Shift towards Advanced Wound Care: While the traditional wound management market remains significant, there's a growing trend toward advanced wound care products and techniques. Innovations such as bioactive dressings, growth factors, and negative pressure wound therapy are gaining traction for their enhanced healing properties.
  • Telemedicine and Remote Monitoring: Telemedicine and remote wound monitoring solutions are emerging as trends, enabling healthcare professionals to assess wounds remotely and provide timely guidance. This trend is especially valuable for patients who require ongoing wound care.
  • Personalized Treatment Approaches: The move towards personalized medicine is impacting wound care as well. Tailoring treatments based on patient characteristics, wound type, and response to interventions is gaining attention for optimizing outcomes.

Traditional Wound Management Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our global traditional wound management market analysis, the global traditional wound management market stands as a critical pillar of the healthcare sector, addressing a diverse range of wound care needs. The market's landscape is shaped by a blend of established medical device giants, pharmaceutical leaders, and innovative niche players. As chronic diseases, aging populations, and injuries persist, the demand for effective wound care solutions remains robust.

Report Metric Details
Market size value in 2022 USD 6.5 billion
Market size value in 2031 USD 9.25 billion
Growth Rate 4%
Base year 2023
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Product
    • Gauze, Bandage, Cotton, Others
  • Application
    • Acute wound, Chronic Wound
  • End-User
    • Hospitals & Clinics, Home Healthcare, Ambulatory Surgical Centers, Other
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • DeRoyal Industries, Inc. (US)
  • Hollister Incorporated (US)
  • Integrif Industries, LLC (US)
  • Coloplast A/S (Denmark)
  • Medtronic plc (Ireland)
  • Mölnlycke Health Care AB (Sweden)
  • Paul Hartmann AG (Germany)
  • Smith & Nephew plc (UK)
  • B. Braun Melsungen AG (Germany)
  • Johnson & Johnson (US)
  • Paula's Choice Skin Care (US)
  • Derma Sciences, Inc. (US)
  • 3M Nexcare (US)
  • Urgo Medical (France)
  • Curad (US)
  • Medinex (US)
  • Kinetic Concepts, Inc. (US)
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Traditional Wound Management Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Traditional Wound Management Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Traditional Wound Management Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Traditional Wound Management Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Traditional Wound Management Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Traditional Wound Management Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Traditional Wound Management Market size was valued at USD 6.5 billion in 2022 and is poised to grow from USD 6.76 billion in 2023 to USD 9.25 billion by 2031, growing at a CAGR of 4% in the forecast period (2024-2031).

The competitive landscape of the traditional wound management market is marked by the presence of a diverse array of companies vying to address the complex demands of wound care. Established medical device manufacturers, pharmaceutical giants, and specialized wound care companies are key contenders in this dynamic arena. These players compete to provide a comprehensive range of wound management products, including dressings, bandages, antiseptics, and other essential solutions. '3M (US)', 'ConvaTec Group PLC (UK)', 'DermaRite Industries LLC (US)', 'DeRoyal Industries, Inc. (US)', 'Hollister Incorporated (US)', 'Integrif Industries, LLC (US)', 'Coloplast A/S (Denmark)', 'Medtronic plc (Ireland)', 'Mölnlycke Health Care AB (Sweden)', 'Paul Hartmann AG (Germany)', 'Smith & Nephew plc (UK)', 'B. Braun Melsungen AG (Germany)', 'Johnson & Johnson (US)', 'Paula's Choice Skin Care (US)', 'Derma Sciences, Inc. (US)', '3M Nexcare (US)', 'Urgo Medical (France)', 'Curad (US)', 'Medinex (US)', 'Kinetic Concepts, Inc. (US)'

The increasing prevalence of chronic diseases such as diabetes, cardiovascular diseases, and obesity is a primary driver of the traditional wound management market. Chronic conditions often lead to slow-healing wounds, creating a sustained demand for wound care products.

Shift towards Advanced Wound Care: While the traditional wound management market remains significant, there's a growing trend toward advanced wound care products and techniques. Innovations such as bioactive dressings, growth factors, and negative pressure wound therapy are gaining traction for their enhanced healing properties.

In the year 2022, North America emerged as the dominant force in the industry, commanding a substantial revenue share exceeding 45.00%. This ascendancy is largely attributed to a convergence of factors that underscore the region's integral role in the wound care landscape. A notable surge in cases related to sports injuries, road accidents, and the escalating prevalence of chronic diseases distinctly propel the demand for wound care solutions within the North American expanse. The demographic dynamic plays a significant role, as the geriatric population, vulnerable to wound-related concerns, contributes notably to the product demand. A tangible manifestation of this lies in statistics provided by the Administration for Community Living, which revealed that the percentage of individuals aged 65 and above reached 54.1 million in 2019, constituting a significant 16% of the overall population. Additionally, the region's robust healthcare infrastructure, coupled with a wealth of skilled professionals, augments its capacity to cater to diverse wound care requirements, further propelling the demand for products.

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