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Advanced Wound Care Products - Global Strategic Business Report

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    Report

  • 583 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 4721451

Global Advanced Wound Care Products Market to Reach $16.2 Billion by 2030

The global market for Advanced Wound Care Products estimated at US$10.6 Billion in the year 2022, is projected to reach a revised size of US$16.2 Billion by 2030, growing at a CAGR of 5.5% over the analysis period 2022-2030. Moist Wound Dressings, one of the segments analyzed in the report, is projected to record 4.6% CAGR and reach US$6.3 Billion by the end of the analysis period. Growth in the Therapy Devices segment is estimated at 5.9% CAGR for the next 8-year period.

The U.S. Market is Estimated at $4.1 Billion, While China is Forecast to Grow at 10% CAGR

The Advanced Wound Care Products market in the U.S. is estimated at US$4.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.8 Billion by the year 2030 trailing a CAGR of 10% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 5.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.4% CAGR.

Select Competitors (Total 116 Featured)

  • 3M Company
  • B. Braun Melsungen AG
  • Cardinal Health, Inc.
  • Avery Dennison Corporation
  • Anika Therapeutics, Inc.
  • Advanced Medical Solutions Group PLC
  • ACell Inc.
  • Axio Biosolutions Private Limited
  • Biovotec AS
  • Argentum Medical LLC (Silverlon)
  • BioCure, Inc.
  • BioMonde
  • Absorbest
  • Carilex Medical GmbH
  • Aspen Surgical Products, Inc.

Economic Outlook

The global economic outlook is improving, and growth recovery, albeit on the lower side, is expected for this year and the next. The United States although witnessing slowing GDP growth in response to tight monetary and financial conditions, has nevertheless overcome the recession threat. Easing of headline inflation in Euro area is helping boost real incomes and is contributing to pick-up in economic activity. China is expected to see strong increases in GDP in the coming year as the pandemic threat recedes and the government sheds its zero-COVID policy. With optimistic GDP projections, India remains on-course to emerge into a US trillion economy by 2030, surpassing Japan and Germany.

The upturn, however, remains fragile and a number of interlocking challenges continue to run in parallel, such as continued uncertainty around the war in Ukraine; slower than expected decline in global headline inflation; continuation of food and fuel inflation as a persistent economic problem for most developing countries; and still high retail inflation and its impact on consumer confidence and spending. Countries and their governments are showing signs of weathering these challenges, which helps lift market sentiments. As governments continue to combat inflation to get it down to more economically conformable levels by raising interest rates, new job creation will slowdown and impact economic activity. Stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced.

Although corporate investments can likely be held back by inflation worries and weaker demand, rise of new technologies will reverse partially this prevailing investment sentiment. Rise of generative AI; applied AI; industrializing machine learning; next-generation software development; Web3; cloud and edge computing; quantum technologies; electrification and renewables and climate technologies beyond electrification and renewables, will open up the global investment landscape. The technologies hold the potential to drive sizeable incremental growth and value to global GDP in the coming years. The short-term is expected to be a mixed bag of challenges and opportunities for both consumers and investors alike. There is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.

What`s New?

  • Special discussions on the global economic climate and market sentiment
  • Coverage on global competitiveness and key competitor percentage market shares
  • Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and trademarked research platform
  • Complimentary updates for one year
  • Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Frequently Asked Questions about the Advanced Wound Care Products Market

What is the estimated value of the Advanced Wound Care Products Market?

The Advanced Wound Care Products Market was estimated to be valued at $10.6 Billion in 2022.

What is the growth rate of the Advanced Wound Care Products Market?

The growth rate of the Advanced Wound Care Products Market is 5.4%, with an estimated value of $16.2 Billion by 2030.

What is the forecasted size of the Advanced Wound Care Products Market?

The Advanced Wound Care Products Market is estimated to be worth $16.2 Billion by 2030.

Who are the key companies in the Advanced Wound Care Products Market?

Key companies in the Advanced Wound Care Products Market include 3M Company, B. Braun Melsungen AG, Cardinal Health, Inc., Avery Dennison Corporation, Anika Therapeutics, Inc., Advanced Medical Solutions Group PLC, ACell Inc., Axio Biosolutions Private Limited, Biovotec AS and Argentum Medical LLC (Silverlon).

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Impact of Covid-19 and a Looming Global Recession
  • COVID-19-Led Wound Management Crisis Create Need for Effective Interventions
  • Deferred Wound Care Creates Pressing Need for Advanced Products
  • Advanced Wound Care Products - Global Key Competitors Percentage Market Share in 2022 (E)
  • Advanced Wound Care Products - Global Key Competitors Percentage Market Share in 2022 (E)
  • Product Landscape of Select Players in the Global Advanced Wound Care Market (2022)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Advanced Wound Care: An Expanding Treatment Paradigm for Acute And Chronic Wounds
  • Major Categories
  • Moist Dressings
  • Antimicrobial Dressings
  • Therapy Devices
  • Active Therapies
  • Market Outlook
  • Rising Healthcare Burden of Chronic Wounds Drive Growth Prospects
  • Prevalence and Incidence of Wounds - Select Statistics
  • Global Prevalence of Wounds (2019)
  • Global Wound Care Market: Percentage Breakdown of Spending by Wound Type
  • Healing Time by Type of Wound (in Days)
  • Chronic Wounds: Select Statistics
  • Recent Market Activity
  • World Brands
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Increasing Incidence of Hard to Heal Wounds Benefits Demand for Advanced Wound Care Products
  • Stalled Wounds: A Growing Area of Concern
  • Stalled Chronic Wounds by Country (in ‘000s)
  • Advanced Wound Care Score Over Traditional Wound care in terms of Cost and Healing Time
  • % of Treatment Cost by Type of Resource for Traditional and Advanced Wound Care
  • Breakdown of Costs Associated with Wound Care
  • Economic Cost of Wound Care: Traditional Gauze Dressing Vs. Foam Dressing
  • Rise in Prevalence of Pressure Ulcers Throws Spotlight on Advanced Wound care Solutions
  • Pressure Ulcer Occurrence Rate Based on the Length of Surgery
  • Wound Care Diagnostics: A Widening Area of Interest
  • Innovations and Technological Advancements Remain Buoyant in the AWC Market
  • Adjunctive Wound Care Treatments Deal with Hypoxia to Expedite Wound Healing
  • Wound Care Dressing for Faster Granulation
  • Innovative Solutions for Hard-to-Heal Wounds
  • Multilayered Non-Woven Dressing with High Tensile Strength
  • Absorbent, Self-Adherent Wound Dressings
  • Multilayer Silicon Foam Wound Dressings
  • Smart Dressings: The Future of Wound Care
  • New Wound Dressings to Drive Further Growth
  • Rising Incidence of Diabetes and DFUs to Propel Market Growth and Need for Advanced Solutions
  • World Diabetes and Population Statistics (2019, 2030 & 2045)
  • Global Diabetes Mellitus Population Breakdown by Geographic Region: 2019, 2030 and 2045
  • World Diabetes Prevalence (2000 - 2040P)
  • COVID-19 Crisis & Restrictions Upend Care for Diabetic Foot Disease Patients
  • Growing Focus on Reducing Hospital Stays Lends Traction
  • Antimicrobial Dressings Find Application for Healing Wounds with High Bacterial Load
  • Advanced Wound Care Solutions to Combat Multidrug-Resistance Bacterial & Promote Healing
  • Negative Pressure Wound Therapy: A Growing Area of Wound Management
  • Application of Single-use NPWT Devices Drives Adoption in Homecare Settings
  • Tissue Engineering: A Growing Area of Interest in Wound Care
  • Bioengineered Skin Substitutes
  • Collagen Dressings in Advanced Wound Care
  • Wound Management and Efficacy of Cellular Growth Factors
  • Growth Factors for Wound Management - A Snapshot
  • Prolonging of Healing Period of Wounds Due to Hospital Acquired Infections Further Propel Demand
  • Growing Acceptance of Moist Wound Environment Spurs Demand for Moist Wound Dressings
  • Advanced Wound Care for Effective Burn Wound Management
  • Uptrend in Surgical Care Augurs Well for Market Growth
  • Global Surgical Procedure Volume by Procedure Type
  • MACRO GROWTH DRIVERS
  • Impact of Healthcare Expenditure on Market Growth
  • World Healthcare Expenditure (In US$ Billion) for the Years 2017-2023
  • Expanding Aging Population Spurs Demand
  • Global Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
  • Elderly Healthcare Expenditure as a % of GDP for 1970, 2010 and 2050
  • Growing Obesity Levels and Risks of Pressure Ulcers to Support Demand
  • Global Obesity Epidemic: Percentage of Overweight, Obese, and Severely Obese Adults for 2014 & 2025
4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: World Advanced Wound Care Products Market Analysis of Annual Sales in US$ Million for Years 2016 through 2030
  • TABLE 2: World Recent Past, Current & Future Analysis for Advanced Wound Care Products by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 3: World Historic Review for Advanced Wound Care Products by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2016 through 2021 and % CAGR
  • TABLE 4: World 14-Year Perspective for Advanced Wound Care Products by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2016, 2023 & 2030
  • TABLE 5: World Recent Past, Current & Future Analysis for Moist Wound Dressings by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 6: World Historic Review for Moist Wound Dressings by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2016 through 2021 and % CAGR
  • TABLE 7: World 14-Year Perspective for Moist Wound Dressings by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2023 & 2030
  • TABLE 8: World Recent Past, Current & Future Analysis for Therapy Devices by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 9: World Historic Review for Therapy Devices by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2016 through 2021 and % CAGR
  • TABLE 10: World 14-Year Perspective for Therapy Devices by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2023 & 2030
  • TABLE 11: World Recent Past, Current & Future Analysis for Antimicrobial Dressings by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 12: World Historic Review for Antimicrobial Dressings by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2016 through 2021 and % CAGR
  • TABLE 13: World 14-Year Perspective for Antimicrobial Dressings by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2023 & 2030
  • TABLE 14: World Recent Past, Current & Future Analysis for Active Wound Care Products by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 15: World Historic Review for Active Wound Care Products by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2016 through 2021 and % CAGR
  • TABLE 16: World 14-Year Perspective for Active Wound Care Products by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2023 & 2030
  • TABLE 17: World Recent Past, Current & Future Analysis for Acute by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 18: World Historic Review for Acute by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2016 through 2021 and % CAGR
  • TABLE 19: World 14-Year Perspective for Acute by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2023 & 2030
  • TABLE 20: World Recent Past, Current & Future Analysis for Chronic by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 21: World Historic Review for Chronic by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2016 through 2021 and % CAGR
  • TABLE 22: World 14-Year Perspective for Chronic by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2023 & 2030
  • TABLE 23: World Recent Past, Current & Future Analysis for Hospitals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 24: World Historic Review for Hospitals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2016 through 2021 and % CAGR
  • TABLE 25: World 14-Year Perspective for Hospitals by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2023 & 2030
  • TABLE 26: World Recent Past, Current & Future Analysis for Specialty Clinics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 27: World Historic Review for Specialty Clinics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2016 through 2021 and % CAGR
  • TABLE 28: World 14-Year Perspective for Specialty Clinics by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2023 & 2030
  • TABLE 29: World Recent Past, Current & Future Analysis for Home Healthcare by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 30: World Historic Review for Home Healthcare by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2016 through 2021 and % CAGR
  • TABLE 31: World 14-Year Perspective for Home Healthcare by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2023 & 2030
  • TABLE 32: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 33: World Historic Review for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2016 through 2021 and % CAGR
  • TABLE 34: World 14-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2016, 2023 & 2030
III. MARKET ANALYSIS
  • UNITED STATES
  • Advanced Wound Care Products Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
  • CANADA
  • JAPAN
  • Advanced Wound Care Products Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
  • CHINA
  • Advanced Wound Care Products Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
  • EUROPE
  • Advanced Wound Care Products Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
  • FRANCE
  • Advanced Wound Care Products Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
  • GERMANY
  • Advanced Wound Care Products Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
  • ITALY
  • UNITED KINGDOM
  • Advanced Wound Care Products Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • Advanced Wound Care Products Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
  • AUSTRALIA
  • Advanced Wound Care Products Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2023 (E)
  • INDIA
  • Advanced Wound Care Products Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2023 (E)
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • Advanced Wound Care Products Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (E)
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • Advanced Wound Care Products Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2023 (E)
  • AFRICA
  • Advanced Wound Care Products Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2023 (E)
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • 3M Company
  • B. Braun Melsungen AG
  • Cardinal Health, Inc.
  • Avery Dennison Corporation
  • Anika Therapeutics, Inc.
  • Advanced Medical Solutions Group PLC
  • ACell Inc.
  • Axio Biosolutions Private Limited
  • Biovotec AS
  • Argentum Medical LLC (Silverlon)
  • BioCure, Inc.
  • BioMonde
  • Absorbest
  • Carilex Medical GmbH
  • Aspen Surgical Products, Inc.