Authored By: Sarah
04 Aug 2023

Wound Care Market | North America to Dominate Market Growth through 2023-2027

The global wound care market is expected to witness a massive growth of USD 6,834.57 million at a CAGR of 5.98% between 2022 and 2027. The increasing count of acute and chronic wounds is increasing the usage of advanced wound care products in hospitals and ASCs most of these wounds include ulcers, burns, and post-operative wounds globally.

As per the data from the National Institutes of Health (NIH), in the US, in 2019, nearly 2% of the total population is estimated to be affected by chronic wounds. People suffering from chronic wounds are increasing across the world due to the growing prevalence of diabetes mellitus.

Technavio's report captures the growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. View Free Sample Report.

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Fastest-growing region of the wound care market

Understanding the fastest growing region of the wound care market: 41% of the market’s growth will originate from North America during the forecast period. The US and Canada are key countries contributing to the growth in this region owing to the prevalence of acute and chronic wounds, the increasing number of surgical procedures, the adoption of technologically advanced NPWT devices, and the significant market presence of leading vendors  

Technavio's report provides an accurate prediction of the contribution of all the geographic segments to the growth of the wound care market size with an up-to-date analysis regarding the current global market scenario.

Key Companies of the Wound Care Market: Some of the prominent names that are worth mentioning are 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 etc. Our report includes qualitative and quantitative analyses of vendors with a wider understanding of the business ecosystem. Order a free sample report today.

Wound Care Market: Key Highlights of the Report for 2023-2027

  • CAGR of the market during the forecast period 2023-2027
  • Detailed information on factors that will drive Wound Care Market growth during the next five years
  • Precise estimation of the Wound Care Market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the wound care industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of Wound Care Market vendors
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