Wound Care Management Market
Global Wound Care Management Market Size, Share & Trends Analysis Report by Product ((Wound Care (Dressings, Wound Care Devices, and Topical Agents), Wound Closure (Suture, Surgical Staplers, Tissue Adhesive, and Others)), By Wound Type (Chronic Wound and Acute Wound), Forecast 2020-2026 Update Available - Forecast 2024-2030
The global wound care management market is projected to grow at a CAGR of over 6.0% during the forecast period. The key factor that drives the growth of the market includes the rising incidence of chronic wounds such as pressure ulcers, which in turn, creates the demand for wound care management products. As per the Agency for Healthcare Research and Quality (AHRQ), there has been a significant rise in the prevalence of pressure ulcers in the US since 2017. The rising incidence of wound infection and an increasing number of surgeries also develop demand for advance as well as traditional wound care products. Increasing incidence of wound infection due to burning injury and traumatic injury has been fueling the growth of the market across the globe. Thus, there is significant scope for the growth of the market during the forecast period.
Further, the substantial rise in the prevalence of chronic diseases such as diabetes is one of the key factors that create scope for the growth of the market. For instance, according to the WHO, diabetes prevalence has been increasing steadily over the past three decades. In 2019, the diabetic population totaled around 463 million and this number is expected to increase up to 578 million by 2030 as per the International Diabetes Federation (IDF), which will further raise to 700 million by 2045. Besides, the increased number of the geriatric population is projected to rise, who are more prone to chronic diseases such as diabetes. They are more likely to experience any diabetes-related disorder such as diabetic foot ulcers, which thereby, creates the scope for the market growth during the forecast period.?
Segmental Outlook
The global wound care management market is segmented on the basis of product and wound type. Based on the product, the market is bifurcated into wound care and wound closure. The wound care segment is further segmented into dressings, wound care devices, and topical agents. Whereas, based on wound closure, the product segment is divided into suture, surgical staplers, tissue adhesive, and others. Based on the wound type, the market is bifurcated into chronic wounds and acute wounds.
Chronic Wound Segment is Likely to Hold the Significant Share
Amongst the wound type segment of the market, the chronic wound segment is projected to hold a considerable share in the market. The increasing incidence of chronic wounds such as ulcers is propelling the growth of the market. Pressure ulcers are one of the most common types of ulcers that occur in humans due to the pressure of body weight. Pressure ulcers provide a route for infection, complicate recovery of the wound, greatly increase nursing time, effort and costs, and significantly delay discharge from the hospital. The prevalence of pressure ulcers is increasing that can be treated by using wound care, and thereby, propelling the growth of the market during the forecast period.
Regional Outlook
The global wound care management market is geographically segmented into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific is estimated to grow significantly during the forecast period. The growth of the region is backed by several factors including the higher incidences of diabetes across the region. As per IDF, around 250 million adults in the age range of 20-79 years are living with diabetes in the region in 2019. As per estimates, 8.8% of the total adult population has diabetes which is around 88 million. The prevalence in the region is expected to reach 115 million by 2030 and 153 million by 2045. Thus, this is expected to create the scope for the growth of the market during the forecast period. Whereas, in the North American region, well-established healthcare infrastructure along with the increased government spending on healthcare drives the market.
Global Wound Care Management Market by Region, 2019 (%)
Market Players Outlook
Some of the prominent players operating in the global wound care management market include 3M Co., ConvaTec Group PLC, B. Braun Melsungen AG, Baxter International Inc., Cardinal Health, Inc., Integra Lifesciences Corp., Johnson and Johnson Services Inc., Medtronic PLC, and Smith & Nephew Plc. These are the key companies adopting several organic and inorganic growth strategies such as product launches & developments, partnerships, agreements, and acquisitions to strengthen their product portfolios and maintain a competitive position in the global wound care management market.
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global wound care management market. Based on the availability of data, information related to products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Rules & Regulations
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Johnson & Johnson services Inc.
3.1.1.1. Overview
3.1.1.2. Financial Analysis
3.1.1.3. SWOT Analysis
3.1.1.4. Recent Developments
3.1.2. 3M Co.
3.1.2.1. Overview
3.1.2.2. Financial Analysis
3.1.2.3. SWOT Analysis
3.1.2.4. Recent Developments
3.1.3. Smith & Nephew PLC
3.1.3.1. Overview
3.1.3.2. Financial Analysis
3.1.3.3. SWOT Analysis
3.1.3.4. Recent Developments
3.1.4. ConvaTec Group PLC
3.1.4.1. Overview
3.1.4.2. Financial Analysis
3.1.4.3. SWOT Analysis
3.1.4.4. Recent Developments
3.1.5. Medtronic PLC
3.1.5.1. Overview
3.1.5.2. Financial Analysis
3.1.5.3. SWOT Analysis
3.1.5.4. Recent Developments
3.2. Key Strategy Analysis
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Wound Care Management Market by Product
5.1.1. Wound Care
5.1.1.1. Dressings
5.1.1.2. Wound Care Devices
5.1.1.3. Topical Agents
5.1.2. Wound Closure
5.1.2.1. Suture
5.1.2.2. Surgical Staplers
5.1.2.3. Tissue Adhesive
5.1.2.4. Others (Sealant and Glue)
5.2. Global Wound Care Management Market by Wound Type
5.2.1. Chronic Wound
5.2.2. Acute Wound
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. 3M Co.
7.2. Acelity L.P. Inc.
7.3. Aspen Surgical
7.4. B. Braun Melsungen AG
7.5. Baxter International Inc.
7.6. BSN medical GmbH
7.7. Cardinal Health, Inc.
7.8. Coloplast A/S
7.9. ConvaTec Group Plc
7.10. Genadyne Biotechnologies Inc.
7.11. Hollister, Inc.
7.12. Integra Lifesciences Corp.
7.13. Johnson and Johnson Services Inc.
7.14. Medline Industries, Inc.
7.15. Medtronic PLC
7.16. Molnlycke Health Care AB
7.17. Nexa Medical UK
7.18. Paul Hartmann AG
7.19. SeyitlerKimya San. A.S.
7.20. Smith & Nephew Plc
1. GLOBAL WOUND CARE MANAGEMENT MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2019-2026 ($ MILLION)
2. GLOBAL WOUND CARE MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
3. GLOBAL WOUND DRESSINGS MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
4. GLOBAL WOUND CARE DEVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
5. GLOBAL TOPICAL AGENTS FOR WOUND CARE MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
6. GLOBAL WOUND CLOSURE MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
7. GLOBAL SUTURE FOR WOUND CLOSURE MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
8. GLOBAL SURGICAL STAPLERS FOR WOUND CLOSURE MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
9. GLOBAL TISSUE ADHESIVE FOR WOUND CLOSURE MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
10. GLOBAL OTHER PRODUCTS FOR WOUND CLOSURE MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
11. GLOBAL WOUND CARE MANAGEMENT MARKET RESEARCH AND ANALYSIS BY WOUND TYPE, 2019-2026 ($ MILLION)
12. GLOBAL CHRONIC WOUND CARE MANAGEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
13. GLOBAL ACUTE WOUND CARE MANAGEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
14. GLOBAL WOUND CARE MANAGEMENT MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2019-2026 ($ MILLION)
15. NORTH AMERICAN WOUND CARE MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
16. NORTH AMERICAN WOUND CARE MANAGEMENT MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2019-2026 ($ MILLION)
17. NORTH AMERICAN WOUND CARE MANAGEMENT MARKET RESEARCH AND ANALYSIS BY WOUND TYPE, 2019-2026 ($ MILLION)
18. EUROPEAN WOUND CARE MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
19. EUROPEAN WOUND CARE MANAGEMENT MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2019-2026 ($ MILLION)
20. EUROPEAN WOUND CARE MANAGEMENT MARKET RESEARCH AND ANALYSIS BY WOUND TYPE, 2019-2026 ($ MILLION)
21. ASIA-PACIFIC WOUND CARE MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
22. ASIA-PACIFIC WOUND CARE MANAGEMENT MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2019-2026 ($ MILLION)
23. ASIA-PACIFIC WOUND CARE MANAGEMENT MARKET RESEARCH AND ANALYSIS BY WOUND TYPE, 2019-2026 ($ MILLION)
24. REST OF THE WORLD WOUND CARE MANAGEMENT MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2019-2026 ($ MILLION)
25. REST OF THE WORLD WOUND CARE MANAGEMENT MARKET RESEARCH AND ANALYSIS BY WOUND TYPE, 2019-2026 ($ MILLION)
1. GLOBAL WOUND CARE MANAGEMENT MARKET SHARE BY PRODUCT, 2019 VS 2026 (%)
2. GLOBAL WOUND CARE MANAGEMENT MARKET SHARE BY WOUND TYPE, 2019 VS 2026 (%)
3. GLOBAL WOUND CARE MANAGEMENT MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
4. US WOUND CARE MANAGEMENT MARKET SIZE, 2019-2026 ($ MILLION)
5. CANADA WOUND CARE MANAGEMENT MARKET SIZE, 2019-2026 ($ MILLION)
6. UK WOUND CARE MANAGEMENT MARKET SIZE, 2019-2026 ($ MILLION)
7. FRANCE WOUND CARE MANAGEMENT MARKET SIZE, 2019-2026 ($ MILLION)
8. GERMANY WOUND CARE MANAGEMENT MARKET SIZE, 2019-2026 ($ MILLION)
9. ITALY WOUND CARE MANAGEMENT MARKET SIZE, 2019-2026 ($ MILLION)
10. SPAIN WOUND CARE MANAGEMENT MARKET SIZE, 2019-2026 ($ MILLION)
11. ROE WOUND CARE MANAGEMENT MARKET SIZE, 2019-2026 ($ MILLION)
12. INDIA WOUND CARE MANAGEMENT MARKET SIZE, 2019-2026 ($ MILLION)
13. CHINA WOUND CARE MANAGEMENT MARKET SIZE, 2019-2026 ($ MILLION)
14. JAPAN WOUND CARE MANAGEMENT MARKET SIZE, 2019-2026 ($ MILLION)
15. REST OF ASIA-PACIFIC WOUND CARE MANAGEMENT MARKET SIZE, 2019-2026 ($ MILLION)
16. REST OF THE WORLD WOUND CARE MANAGEMENT MARKET SIZE, 2019-2026 ($ MILLION)
