Wound Care Market to grow by USD 6.83 billion from 2022 to 2027|3M Co., Advancis Medical, Avery Dennison Corp., Axio Biosolutions Pvt. Ltd., and more among the key companies in the market – Technavio

NEW YORK, Oct. 26, 2023 /PRNewswire/ — The wound care market size is estimated to grow USD 6.83 billion at a CAGR of 5.98% from 2022 to 2027 during the forecast period. The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. 3M Co., Advancis Medical, Avery Dennison Corp., Axio Biosolutions Pvt. Ltd., Azelis SA, B.Braun SE, Cardinal Health Inc., Coloplast AS, ConvaTec Group Plc, Galaxy Medicare Ltd., Harro Hofliger GmbH, Johnson and Johnson Services Inc., Medline Industries LP, Medtronic Plc, Molnlycke Health Care AB, Organogenesis Holdings Inc., Paul Hartmann AG, Resonetics, Smith and Nephew plc, and URGO Group are among some of the major market participants. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. Request sample report 

Wound Care Market 2023-2027: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The soft skills training market report covers the following areas:

Wound Care Market 2023-2027 SizeWound Care Market 2023-2027 TrendsWound Care Market 2023-2027 Industry Analysis

Vendor Offerings 

3M Co.: The company offers wound care such as Closed Surgical Incision Management, Pressure Injury Prevention and Management, Wound Care Solutions in the clinic, community and at home.Avery Dennison Corp.: The company offers wound care such as Silicone Foam Dressing, Superabsorbent Dressings, Polyurethane Dressings, and Hydrogel.B.Braun SE: The company offers wound care such as Prontosan Wound Irrigation Solution, Prontosan Debridement Pad for mechanical wound debridement.

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Wound Care Market 2023-2027 – Market Dynamics

Driver

The number of acute and chronic wounds is the key driver for the growth of the market. The main market drivers for these wounds are ulcers, burns, and postoperative wounds across the world. Consequently, the increasing occurrence of acute wounds, such as surgical and traumatic wounds, is caused due to factors such as abrasion, puncture, laceration, and incision, and chronic wounds, such as diabetic ulcers, venous ulcers, and pressure ulcers are estimated to increase the need for advanced wound care devices. According to data from the National Institutes of Health (NIH), in the US, in 2019, it is estimated that nearly 2% of the total population is affected by chronic injuries. The number of people with chronic wounds is rising worldwide owing to the increasing prevalence of diabetes mellitus.

Leading Trend – 

Increasing demand for combination wound dressings is the primary trend in the wound care market. In the wound care market, common antimicrobial agents include honey, iodine, and silver. To improve wound care outcomes, many advanced dressings incorporate antimicrobial agents.Silver-based hydrofiber dressings are also used in combination with zinc-containing hyaluronan gels to promote wound healing, protect against infection, and create a favorable environment for wound healing. Many suppliers, for example, MEDIHONEY from Derma Science is an alginate dressing combined with honey. These have various benefits, such as helping to lower the overall pH level in the wound and eliminating bacterial infections.Thus, combination dressings are important in the treatment of heavy exudate wounds, which will drive the wound care market during the forecast period. 

Significant Challenge – 

The high cost of wound treatments and advanced wound care products is the major challenge for the wound care market. In the US, most patients require frequent changes of dressings. The initial purchase cost of typical NPWT devices is around USD 20,000 to USD 30,000. End users also incur additional costs for disposable products or consumables used with NPWT devices, such as dressings tapes and canisters.Due to the long hospital stay, the material-intensive surgical and non-surgical wound care, multiple procedures, long rehabilitation, and expensive equipment, the treatment of injuries is so expensive.Many patients in low and middle-income countries cannot afford such expensive treatments. Many countries, such as Australia, have limited funding for chronic wound care. Therefore, the patient has to bear the high cost of wound treatments. Thus, these factors will hamper the growth of the wound care market during the forecast period.

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Wound Care Market 2023-2027: Segmentation

Wound Care Market is segmented as below:

Product Advanced Wound DressingsSurgical Wound CareTraditional Wound CareApplication Chronic WoundAcute WoundGeography North AmericaEuropeAsiaRest Of World (ROW)The market share growth by the advanced wound dressings segment will be significant during the forecast period. Advanced wound are designed to treat complex wounds, they include moist dressings and antibacterial dressings. Factors such as the growing awareness of the clinical benefits of advanced wound dressings, the rising number of wound care procedures, the presence of a large number of key suppliers, the growing preference for minimal and non-invasive procedures, and the rising use of antibacterial dressings by end users are boosting wound segment. Therefore, these factors will drive the growth of the wound care market through the advanced wound dressing segment during the forecast period.

For insights on global, regional, and country-level parameters with growth opportunities, historic (2017 to 2021) & forecast (2023-2027) – Download a Sample Report

Wound Care Market 2023-2027: Key Highlights

CAGR of the market during the forecast period 2023-2027Detailed information on factors that will assist wound care market growth during the next five yearsEstimation of the wound care market size and its contribution to the parent marketPredictions on upcoming trends and changes in consumer behaviorThe growth of the wound care marketAnalysis of the market’s competitive landscape and detailed information on vendorsComprehensive details of factors that will challenge the growth of the wound care market, vendors

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Table Of Contents 

1 Executive Summary

1.1 Market overviewExhibit 01: Executive Summary – Chart on Market OverviewExhibit 02: Executive Summary – Data Table on Market OverviewExhibit 03: Executive Summary – Chart on Global Market CharacteristicsExhibit 04: Executive Summary – Chart on Market by GeographyExhibit 05: Executive Summary – Chart on Market Segmentation by ProductExhibit 06: Executive Summary – Chart on Market Segmentation by ApplicationExhibit 07: Executive Summary – Chart on Incremental GrowthExhibit 08: Executive Summary – Data Table on Incremental GrowthExhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystemExhibit 10: Parent marketExhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definitionExhibit 12: Offerings of vendors included in the market definition3.2 Market segment analysis Exhibit 13: Market segments3.3 Market size 20223.4 Market outlook: Forecast for 2022-2027 Exhibit 14: Chart on Global – Market size and forecast 2022-2027 (USD million)Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 (USD million)Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global wound care market 2017 – 2021 Exhibit 18: Historic Market Size – Data Table on global wound care market 2017 – 2021 (USD million)4.2 Product Segment Analysis 2017 – 2021 Exhibit 19: Historic Market Size – Product Segment 2017 – 2021 (USD million)4.3 Application Segment Analysis 2017 – 2021 Exhibit 20: Historic Market Size – Application Segment 2017 – 2021 (USD million)4.4 Geography Segment Analysis 2017 – 2021 Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 (USD million)4.5 Country Segment Analysis 2017 – 2021 Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 (USD million)

5 Five Forces Analysis

5.1 Five forces summaryExhibit 23: Five forces analysis – Comparison between 2022 and 20275.2 Bargaining power of buyers Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 20275.3 Bargaining power of suppliers Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 20275.4 Threat of new entrants Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 20275.5 Threat of substitutes Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 20275.6 Threat of rivalryExhibit 28: Threat of rivalry – Impact of key factors in 2022 and 20275.7 Market conditionExhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Product

6.1 Market segmentsExhibit 30: Chart on Product – Market share 2022-2027 (%)Exhibit 31: Data Table on Product – Market share 2022-2027 (%)6.2 Comparison by Product Exhibit 32: Chart on Comparison by ProductExhibit 33: Data Table on Comparison by Product6.3 Advanced wound dressings – Market size and forecast 2022-2027 Exhibit 34: Chart on Advanced wound dressings – Market size and forecast 2022-2027 (USD million)Exhibit 35: Data Table on Advanced wound dressings – Market size and forecast 2022-2027 (USD million)Exhibit 36: Chart on Advanced wound dressings – Year-over-year growth 2022-2027 (%)Exhibit 37: Data Table on Advanced wound dressings – Year-over-year growth 2022-2027 (%)6.4 Surgical wound care – Market size and forecast 2022-2027 Exhibit 38: Chart on Surgical wound care – Market size and forecast 2022-2027 (USD million)Exhibit 39: Data Table on Surgical wound care – Market size and forecast 2022-2027 (USD million)Exhibit 40: Chart on Surgical wound care – Year-over-year growth 2022-2027 (%)Exhibit 41: Data Table on Surgical wound care – Year-over-year growth 2022-2027 (%)6.5 Traditional wound care – Market size and forecast 2022-2027 Exhibit 42: Chart on Traditional wound care – Market size and forecast 2022-2027 (USD million)Exhibit 43: Data Table on Traditional wound care – Market size and forecast 2022-2027 (USD million)Exhibit 44: Chart on Traditional wound care – Year-over-year growth 2022-2027 (%)Exhibit 45: Data Table on Traditional wound care – Year-over-year growth 2022-2027 (%)6.6 Market opportunity by Product Exhibit 46: Market opportunity by Product (USD million)Exhibit 47: Data Table on Market opportunity by Product (USD million)

7 Market Segmentation by Application

7.1 Market segmentsExhibit 48: Chart on Application – Market share 2022-2027 (%)Exhibit 49: Data Table on Application – Market share 2022-2027 (%)7.2 Comparison by Application Exhibit 50: Chart on Comparison by ApplicationExhibit 51: Data Table on Comparison by Application7.3 Chronic wound – Market size and forecast 2022-2027 Exhibit 52: Chart on Chronic wound – Market size and forecast 2022-2027 (USD million)Exhibit 53: Data Table on Chronic wound – Market size and forecast 2022-2027 (USD million)Exhibit 54: Chart on Chronic wound – Year-over-year growth 2022-2027 (%)Exhibit 55: Data Table on Chronic wound – Year-over-year growth 2022-2027 (%)7.4 Acute wound – Market size and forecast 2022-2027 Exhibit 56: Chart on Acute wound – Market size and forecast 2022-2027 (USD million)Exhibit 57: Data Table on Acute wound – Market size and forecast 2022-2027 (USD million)Exhibit 58: Chart on Acute wound – Year-over-year growth 2022-2027 (%)Exhibit 59: Data Table on Acute wound – Year-over-year growth 2022-2027 (%)7.5 Market opportunity by Application Exhibit 60: Market opportunity by Application (USD million)Exhibit 61: Data Table on Market opportunity by Application (USD million)

8 Customer Landscape

8.1 Customer landscape overview Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation Exhibit 63: Chart on Market share by geography 2022-2027 (%)Exhibit 64: Data Table on Market share by geography 2022-2027 (%)9.2 Geographic comparison Exhibit 65: Chart on Geographic comparisonExhibit 66: Data Table on Geographic comparison9.3 North America – Market size and forecast 2022-2027 Exhibit 67: Chart on North America – Market size and forecast 2022-2027 (USD million)Exhibit 68: Data Table on North America – Market size and forecast 2022-2027 (USD million)Exhibit 69: Chart on North America – Year-over-year growth 2022-2027 (%)Exhibit 70: Data Table on North America – Year-over-year growth 2022-2027 (%)9.4 Europe – Market size and forecast 2022-2027 Exhibit 71: Chart on Europe – Market size and forecast 2022-2027 (USD million)Exhibit 72: Data Table on Europe – Market size and forecast 2022-2027 (USD million)Exhibit 73: Chart on Europe – Year-over-year growth 2022-2027 (%)Exhibit 74: Data Table on Europe – Year-over-year growth 2022-2027 (%)9.5 Asia – Market size and forecast 2022-2027 Exhibit 75: Chart on Asia – Market size and forecast 2022-2027 (USD million)Exhibit 76: Data Table on Asia – Market size and forecast 2022-2027 (USD million)Exhibit 77: Chart on Asia – Year-over-year growth 2022-2027 (%)Exhibit 78: Data Table on Asia – Year-over-year growth 2022-2027 (%)9.6 Rest of World (ROW) – Market size and forecast 2022-2027 Exhibit 79: Chart on Rest of World (ROW) – Market size and forecast 2022-2027 (USD million)Exhibit 80: Data Table on Rest of World (ROW) – Market size and forecast 2022-2027 (USD million)Exhibit 81: Chart on Rest of World (ROW) – Year-over-year growth 2022-2027 (%)Exhibit 82: Data Table on Rest of World (ROW) – Year-over-year growth 2022-2027 (%)9.7 US – Market size and forecast 2022-2027 Exhibit 83: Chart on US – Market size and forecast 2022-2027 (USD million)Exhibit 84: Data Table on US – Market size and forecast 2022-2027 (USD million)Exhibit 85: Chart on US – Year-over-year growth 2022-2027 (%)Exhibit 86: Data Table on US – Year-over-year growth 2022-2027 (%)9.8 Germany – Market size and forecast 2022-2027 Exhibit 87: Chart on Germany – Market size and forecast 2022-2027 (USD million)Exhibit 88: Data Table on Germany – Market size and forecast 2022-2027 (USD million)Exhibit 89: Chart on Germany – Year-over-year growth 2022-2027 (%)Exhibit 90: Data Table on Germany – Year-over-year growth 2022-2027 (%)9.9 France – Market size and forecast 2022-2027 Exhibit 91: Chart on France – Market size and forecast 2022-2027 (USD million)Exhibit 92: Data Table on France – Market size and forecast 2022-2027 (USD million)Exhibit 93: Chart on France – Year-over-year growth 2022-2027 (%)Exhibit 94: Data Table on France – Year-over-year growth 2022-2027 (%)9.10 UK – Market size and forecast 2022-2027 Exhibit 95: Chart on UK – Market size and forecast 2022-2027 (USD million)Exhibit 96: Data Table on UK – Market size and forecast 2022-2027 (USD million)Exhibit 97: Chart on UK – Year-over-year growth 2022-2027 (%)Exhibit 98: Data Table on UK – Year-over-year growth 2022-2027 (%)9.11 Japan – Market size and forecast 2022-2027 Exhibit 99: Chart on Japan – Market size and forecast 2022-2027 (USD million)Exhibit 100: Data Table on Japan – Market size and forecast 2022-2027 (USD million)Exhibit 101: Chart on Japan – Year-over-year growth 2022-2027 (%)Exhibit 102: Data Table on Japan – Year-over-year growth 2022-2027 (%)9.12 Market opportunity by geography Exhibit 103: Market opportunity by geography (USD million)Exhibit 104: Data Tables on Market opportunity by geography (USD million)

10 Drivers, Challenges, and Trends

10.1 Market drivers10.2 Market challenges10.3 Impact of drivers and challenges Exhibit 105: Impact of drivers and challenges in 2022 and 202710.4 Market trends

11 Vendor Landscape

11.1 Overview11.2 Vendor landscapeExhibit 106: Overview on Criticality of inputs and Factors of differentiation11.3 Landscape disruptionExhibit 107: Overview on factors of disruption11.4 Industry risksExhibit 108: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors coveredExhibit 109: Vendors covered12.2 Market positioning of vendors Exhibit 110: Matrix on vendor position and classification12.3 3M Co.Exhibit 111: 3M Co. – OverviewExhibit 112: 3M Co. – Business segmentsExhibit 113: 3M Co. – Key newsExhibit 114: 3M Co. – Key offeringsExhibit 115: 3M Co. – Segment focus12.4 Avery Dennison Corp.Exhibit 116: Avery Dennison Corp. – OverviewExhibit 117: Avery Dennison Corp. – Business segmentsExhibit 118: Avery Dennison Corp. – Key newsExhibit 119: Avery Dennison Corp. – Key offeringsExhibit 120: Avery Dennison Corp. – Segment focus12.5 Azelis SAExhibit 121: Azelis SA – OverviewExhibit 122: Azelis SA – Product / ServiceExhibit 123: Azelis SA – Key offerings12.6 B.Braun SEExhibit 124: B.Braun SE – OverviewExhibit 125: B.Braun SE – Business segmentsExhibit 126: B.Braun SE – Key newsExhibit 127: B.Braun SE – Key offeringsExhibit 128: B.Braun SE – Segment focus12.7 Cardinal Health Inc.Exhibit 129: Cardinal Health Inc. – OverviewExhibit 130: Cardinal Health Inc. – Business segmentsExhibit 131: Cardinal Health Inc. – Key newsExhibit 132: Cardinal Health Inc. – Key offeringsExhibit 133: Cardinal Health Inc. – Segment focus12.8 Coloplast ASExhibit 134: Coloplast AS – OverviewExhibit 135: Coloplast AS – Business segmentsExhibit 136: Coloplast AS – Key newsExhibit 137: Coloplast AS – Key offeringsExhibit 138: Coloplast AS – Segment focus12.9 ConvaTec Group PlcExhibit 139: ConvaTec Group Plc – OverviewExhibit 140: ConvaTec Group Plc – Business segmentsExhibit 141: ConvaTec Group Plc – Key offeringsExhibit 142: ConvaTec Group Plc – Segment focus12.10 Johnson and Johnson Services Inc. Exhibit 143: Johnson and Johnson Services Inc. – OverviewExhibit 144: Johnson and Johnson Services Inc. – Business segmentsExhibit 145: Johnson and Johnson Services Inc. – Key newsExhibit 146: Johnson and Johnson Services Inc. – Key offeringsExhibit 147: Johnson and Johnson Services Inc. – Segment focus12.11 Medline Industries LP Exhibit 148: Medline Industries LP – OverviewExhibit 149: Medline Industries LP – Product / ServiceExhibit 150: Medline Industries LP – Key offerings12.12 Medtronic PlcExhibit 151: Medtronic Plc – OverviewExhibit 152: Medtronic Plc – Business segmentsExhibit 153: Medtronic Plc – Key newsExhibit 154: Medtronic Plc – Key offeringsExhibit 155: Medtronic Plc – Segment focus12.13 Molnlycke Health Care AB Exhibit 156: Molnlycke Health Care AB – OverviewExhibit 157: Molnlycke Health Care AB – Product / ServiceExhibit 158: Molnlycke Health Care AB – Key offerings12.14 Organogenesis Holdings Inc. Exhibit 159: Organogenesis Holdings Inc. – OverviewExhibit 160: Organogenesis Holdings Inc. – Product / ServiceExhibit 161: Organogenesis Holdings Inc. – Key offerings12.15 Paul Hartmann AGExhibit 162: Paul Hartmann AG – OverviewExhibit 163: Paul Hartmann AG – Business segmentsExhibit 164: Paul Hartmann AG – Key offeringsExhibit 165: Paul Hartmann AG – Segment focus12.16 ResoneticsExhibit 166: Resonetics – OverviewExhibit 167: Resonetics – Product / ServiceExhibit 168: Resonetics – Key offerings12.17 Smith and Nephew plcExhibit 169: Smith and Nephew plc – OverviewExhibit 170: Smith and Nephew plc – Business segmentsExhibit 171: Smith and Nephew plc – Key newsExhibit 172: Smith and Nephew plc – Key offeringsExhibit 173: Smith and Nephew plc – Segment focus

13 Appendix

13.1 Scope of the report13.2 Inclusions and exclusions checklist Exhibit 174: Inclusions checklistExhibit 175: Exclusions checklist13.3 Currency conversion rates for USUSD Exhibit 176: Currency conversion rates for USUSD13.4 Research methodologyExhibit 177: Research methodologyExhibit 178: Validation techniques employed for market sizingExhibit 179: Information sources13.5 List of abbreviations Exhibit 180: List of abbreviations

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