Advanced Wound Care Market size to grow by USD 4.02 billion from 2022 to 2027, North America to account for 41% of market growth- Technavio

NEW YORK, Jan. 5, 2024 /PRNewswire/ -- The advanced wound care market is expected to grow by USD 4.02 billion from 2022 to 2027. In addition, the momentum of the market will progress at a CAGR of 6.12% during the forecast period, according to Technavio Research. The market is segmented by product (advanced wound dressings, wound therapy devices, and wound care biologics), end-user (hospitals, clinics, home healthcare, and others), and geography (North America, Europe, Asia, and the Rest of the World (ROW)). North America is estimated to contribute 41% to the growth of the global market during the forecast period. The US, Canada, and Mexico are the key contributors to the market in the region. Market growth in this region is being driven by factors like the growing prevalence of Acute and chronic wounds, a higher number of surgeries, more use of advanced NPWT equipment as well as rising awareness between patients and healthcare professionals.

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Company Profile:

3M Co., 4L Health Co. Ltd., Anika Therapeutics Inc., Cardinal Health Inc., Carilex Medical Inc., Coloplast AS, ConvaTec Group Plc, DeRoyal Industries Inc., Essity Aktiebolag, Hollister Inc., Integra Lifesciences Corp., Johnson and Johnson Services Inc., Lohmann, and Rauscher GmbH and Co. KG, Medline Industries LP, Medtronic Plc, Molnlycke Health Care AB, Organogenesis Holdings Inc., Paul Hartmann AG, Smith and Nephew plc, and Vericel Corp.

3M Co - This company offers various products under its wound care segment such as wound care dressings, compression systems and wraps, medical tapes, wound cleansers, wound closure, barriers, creams, and lotions.

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Advanced Wound Care Market: Segmentation Analysis

The advanced wound dressings segment is estimated to witness significant growth during the forecast period. The use of moist textile dressings and antiperspirant dressing are some of the methods used for treating advanced wounds.

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Advanced Wound Care Market: Market dynamics

Key Driver

• Technological advancements in wound care products
• Increasing prevalence of acute and chronic wounds
• Increasing volume of surgical procedures

Technological advancements in wound care products is a key factor driving market growth. Notable advancements include improved patient care via wound healing tracking, novel transplant alternatives, inflammatory control, optimized diets, and novel medicine tests. 

Major Trend

The growing adoption of telemedicine for wound treatment is a key trend in the advanced wound care market. Identify key trends, drivers, and challenges in the market. Download a sample to gain access to this information.

Related Reports:

The Wound Care Market size is estimated to grow by USD 6,834.57 million at a CAGR of 5.98% between 2022 and 2027. 

The moist wound dressings market is estimated to grow by USD 1,365.75 million at a CAGR of 5.9% between 2022 and 2027. 

What are the key data covered in this Advanced Wound Care Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the advanced wound care market between 2022 and 2027.
• Precise estimation of the advanced wound care market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the advanced wound care market across North America, Europe, Asia, and ROW
• A thorough analysis of the market's competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of advanced wound care market companies.

ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Product

Market Segmentation by End-user

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio