Advanced Wound Care Market is projected to reach USD 12.8 billion by 2026 from USD 9.4 billion in 2021, at a CAGR of 6.2% according to a new report by MarketsandMarkets™. The increasing spending on chronic wounds, growing prevalence of diseases & conditions affecting wound healing capabilities, and technological advancements are among the major factors propelling the growth of this market. Emerging economies such as China, Japan, and India are providing lucrative opportunities for the players operating in the advanced wound care market.
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Browse in-depth TOC on "Advanced Wound Care Market"
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The dressings segment accounted for the largest share of the advanced wound care market, by product segment, in 2020
Based on products, the advanced wound care market is segmented into dressings, devices & accessories, grafts & matrices, and topical agents. The dressings segment accounted for the largest share of the advanced wound care market in 2020. Factors such as the growing prevalence of chronic, surgical, and traumatic wounds; rising incidence of burn injuries; and technological advancements in dressings are boosting the market growth of this segment.
Surgical & traumatic wounds segment to register the highest growth rate during the forecast period
The advanced wound care market has been segmented into surgical & traumatic wounds, diabetic foot ulcers, pressure ulcers, venous leg ulcers, and burns & other wounds. In 2020, the surgical & traumatic wounds segment accounted for the highest growth rate. Factors such as the increasing prevalence of chronic conditions and the growing number of surgical procedures performed are expected to drive the growth of the surgical & traumatic wounds segment.
The hospitals, ASCs, and wound care centers segment accounted for the largest share of the advanced wound care market, by end user segment, in 2020
Based on end users, the advanced wound care market is segmented into hospitals, ASCs, and wound care centers; home care settings; and other end users.
As the affordability of and access to surgical care increase globally, the number of surgical procedures performed is expected to increase. With an increase in the prevalence of chronic diseases and growth in surgical procedures, the incidence of associated surgical wounds and infections has increased. This will increase the demand for advanced wound care products and debridement procedures, along with advanced techniques like NPWT.
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