Latest News- Wound Care Market: Advanced wound dressings is expected to lead the Product segment during 2024-2028

The Wound Care Market is being driven by Increasing prevalence of acute and chronic wounds

The Wound Care Market is expected to grow at a CAGR of 5.8% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 6952.4 million. In the dynamic and innovative wound care market, antimicrobial agents such as silver, iodine, and honey are gaining significant traction. Advanced wound dressings, incorporating these antimicrobial agents, are increasingly preferred due to their ability to enhance the effectiveness of wound treatment. These multifunctional dressings offer distinct chemical and physical properties, ensuring optimal efficacy in managing both partial and full-thickness wounds. End-users are increasingly favoring combination dressings, which provide multiple benefits, including absorption, adhesion, and bacterial protection, all within a single, convenient application. These dressings represent a strategic investment for healthcare providers, offering versatility, ease of use, and widespread availability. 

Get more information on Wound Care Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Advanced wound dressings
  • Surgical wound care
  • Traditional wound care
• Application
  • Chronic wound
  • Acute wound
• End User
  • Hospitals
  • Specialty Clinics
  • Home Care Settings
  • Hospitals
  • Specialty Clinics
  • Home Care Settings
• Distribution Channel
  • Institutional Sales
  • Retail Sales
  • Institutional Sales
  • Retail Sales
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • Asia
    • China
    • India
    • Japan
  • Rest of World (ROW)

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing prevalence of acute and chronic wounds
• Increasing volume of surgical procedures
• Technological advances in global wound care market

However, the market also witnesses some limitations, which are as follows:

• High cost of wound treatments and advanced wound care products
• Limitations or complications associated with wound care products
• Rising popularity of minimally invasive surgeries

Benefits of Buying Global Wound Care Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Wound Care Market Research Report

Request Free Sample

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The Wound Care Market is witnessing significant growth due to the adoption of advanced products like biological skin substitutes and regenerative medicine. Chronic diseases such as diabetes and sedentary lifestyles contribute to the prevalence of chronic wounds, driving market demand. High medical expenditures on surgical procedures, cardinal health, and healthcare education add to the market's high costs. Advanced wound care, including hydrocolloid dressings, addresses issues like moisture retention and surgical site infections. Acute and traumatic wounds, diabetic foot ulcers, non-traumatic amputations, burn injuries, and traumatic injuries are common indications. Smart dressings and Ambulatory Surgical Centers are emerging trends in the market.

Market Research Overview

The Wound Care Market is a significant segment of the global Healthcare Equipment Market, focusing on advanced products such as regenerative medicine and biological skin substitutes. Chronic diseases and surgical procedures drive market growth, leading to increased medical expenditures due to high costs. Companies like Cardinal Health invest heavily in R&D for advanced wound care solutions, including surgical wound care and traditional wound care for acute wounds. Technavio's market analysis includes devices, which encompass advanced, differentiated, and clinically tested data-driven devices, contributing to the overall size of the global healthcare equipment market.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/