Quotes by TradingView
English • Extended Distribution • iCN Internal Distribution • Press Release • Reportedtimes • Research Newswire

Wound Care Management (WCM) Market Size to Reach $43.7 Billion By 2033 Growing at 3.8% CAGR | GlobalData Plc

October 13, 2023
7 Min Read

The global wound care management (WCM) market is expected to reach $43.7 billion in 2033, according to a new report by GlobalData Plc. The growth over the forecast period will be largely driven by technological advancements in wound care management, an increase in the number of surgical procedures, an aging population, and an increase in the prevalence of chronic diseases.

Wound Care Management (WCM) Market, By Region, 2021 – 2033 ($B)

Wound Care Management (WCM) Market Outlook Report is available with GlobalData Now! Read a Free Sample Report

Wound Care Management Market FAQs

  • What was the global WCM market size in 2023?

The global WCM market size will be valued at $30.0 billion in 2023.

  • What is the WCM market growth rate?

The global WCM market is expected to grow at a CAGR of 3.8% over the forecast period (2023-2033).

  • What are the key WCM market drivers?

The key market drivers include technological advancements in wound care management, an increase in the number of surgical procedures, an aging population, and an increase in the prevalence of chronic diseases.

  • What are the key WCM market segments?
    • Product type segment – Traditional Wound Management, Wound Dressings, Compression Therapy, NPWT (Negative Pressure Wound Therapy) Devices, Ostomy Drainage Bags, Tissue Sealants and Adhesives, Surgical Sutures, Tissue Engineered Skin Substitutes, Pressure Relief Devices, Ligating Clips, Topical Absorbable Hemostats, Oxygen Therapy Devices, Wound Contact Layers, Surgical Adhesion Barriers, and Others (Wound Closure Strips, Superabsorbents, and Wound Debridement Devices).
    • Regional segment – North America, Europe, Asia-Pacific, South & Central America, and Middle East & Africa
  • Which are the leading WCM companies globally?

The leading WCM companies are Smith & Nephew Plc, 3M Co, B. Braun Melsungen AG, Johnson & Johnson, Convatec Group Plc, Cardinal Health, Medtronic Plc, and Investor AB (Molnlycke Health Care AB), Teleflex Inc, and BSN medical GmbH (Essity AB).

Get a Free Sample to have all your queries answered.

Wound Care Management Dynamics

The wound care management market comprises dressings, equipment, and other aids to prevent, treat wounds, and quicken or promote wound healing. The market is driven by several factors including the rising prevalence of chronic wounds due to factors such as the aging population and increasing chronic diseases such as diabetes. Technological advancements have significantly impacted the market, with innovations in wound dressings such as negative pressure wound therapy (NPWT) and smart dressings. NPWT devices are becoming more portable and user-friendly, with improved algorithms for precise wound management, while smart dressings incorporate sensors and microelectronics to monitor wound status in real time, providing data on temperature, moisture, and infection risk.

High treatment costs and patient compliance are significant restraints affecting the wound care management market. Wound care management encompasses a spectrum of expenses, spanning from medical costs to specialized products, labor, and long-term treatment costs. Addressing these concerns will be crucial for ensuring accessible and sustainable wound care solutions. Stringent regulations ensure the safety and efficacy of wound care products and services, fostering trust among patients and healthcare providers. However, navigating complex and evolving regulatory requirements can be challenging for manufacturers, potentially delaying product approvals and market entry.

Learn about the Wound Care Management (WCM) Market Dynamics by Viewing the Report Sample Right Here!

Wound Care Management (WCM) Market Report Highlights

  • The global WCM market is projected to witness a CAGR of 3.8% from 2023 to 2033. Wound care management is essential for optimal patient care, cost-effective healthcare, legal compliance, and maintaining a competitive edge in the healthcare industry. WCM contributes to a patient-centered, efficient, and high-quality healthcare ecosystem, along with promoting wound healing.
  • The market in the Asia Pacific region is poised to experience the most rapid CAGR of more than 4.0% during the forecast period. This surge is attributed to a growing elderly population, a heightened incidence of chronic ailments, enhanced healthcare infrastructure, and the introduction of cutting-edge wound care technologies.
  • In 2022, the US, the most mature market in WCM, held the largest global market share by revenue. Developments in wound care technology, including advanced wound dressings, negative pressure wound therapy, and regenerative medicine, have significantly enhanced treatment outcomes and patient comfort, driving substantial revenue generation in the US market.
  • Technological advancements are instrumental in improving the efficacy of wound treatment, reducing healing times, enhancing patient comfort, and minimizing complications, thereby driving significant growth and innovation in the wound care management market.
  • The leading WCM companies are Smith & Nephew Plc, 3M Co, B. Braun Melsungen AG, Johnson & Johnson, Convatec Group Plc, Cardinal Health, Medtronic Plc, and Investor AB (Molnlycke Health Care AB).

Unlock additional market dynamics impacting the Wound Care Management (WCM) market growth by Requesting a Sample PDF.

Wound Care Management Scope

GlobalData Plc has segmented the WCM market report by product and region:

Global Wound Care Management (WCM) Product Outlook (Revenue, $ Million 2021-2033)

  • Traditional Wound Management
    • Abdominal Pads (ABD)
    • Bandages
    • Gauze Sponges
    • Gauzes
    • Sponges 
  • Wound Dressings
    • Alginates
    • Collagens
    • Foams
    • Hydrocolloids
    • Hydrofibres
    • Hydrogels
    • Semi-Permeable Films 
  • Compression Therapy
    • Static Compression Therapy
    • Pneumatic Compression Therapy
  • NPWT (Negative Pressure Wound Therapy) Devices
    • NPWT Accessories
    • NPWT Devices 
  • Ostomy Drainage Bags
    • Colostomy
    • Ileostomy
    • Urostomy 
  • Tissue Sealants and Adhesives
    • Tissue Adhesives
    • Tissue Sealants 
  • Surgical Sutures
    • Sutures
    • Automated Suturing Devices
  • Tissue Engineered Skin Substitutes
    • Acellular Skin Substitutes
    • Cellular Skin Substitutes 
  • Pressure Relief Devices
    • Mattress Overlays
    • Mattresses 
  • Ligating Clips
    • Polymer Ligating Clips
    • Titanium Ligating Clips 
  • Topical Absorbable Hemostats
    • Oxidized Regenerated Cellulose-Based Hemostats
    • Polysaccharide-Based Hemostats
    • Others (Collagen-Based Hemostats, Combination Hemostats-Pads, Gelatin-Based Hemostats)
  • Oxygen Therapy Devices
    • Hyperbaric Oxygen Chambers 
  • Wound Contact Layers 
  • Surgical Adhesion Barriers
  • Others (Superabsorbents, Wound Closure Strips, and Wound Debridement Devices)

Global Wound Care Management (WCM) Regional Outlook (Revenue, $ Million, 2021-2033)

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • Italy
    • Spain
    • Netherlands
    • Switzerland
    • United Kingdom
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Australia
    • Rest of Asia-Pacific
  • South & Central America
    • Argentina
    • Chile
    • Brazil
  • Middle East & Africa
    • United Arab Emirates
    • Saudi Arabia
    • South Africa
    • Rest of Middle East & Africa

Enquire Before Buying the Full Report for Segment-wise WCM Market Highlights

Related Reports

  • Japan Traditional Wound Management Procedures Count By Segments (Procedures Performed Using Traditional Wound Care Dressings) And Forecast To 2030 – Click here
  • Australia Traditional Wound Management Procedures Count By Segments (Procedures Performed Using Traditional Wound Care Dressings) And Forecast To 2030 – Click here
  • Mexico Traditional Wound Management Procedures Count By Segments (Procedures Performed Using Traditional Wound Care Dressings) And Forecast To 2030 – Click here
  • France Traditional Wound Management Procedures Count By Segments (Procedures Performed Using Traditional Wound Care Dressings) And Forecast To 2030 – Click here
  • Spain Wound Care Management Procedures Count By Segments (Automated Suturing Procedures, Compression Garments And Bandages Procedures, Ligating Clip Procedures, Surgical Adhesion Barrier Procedures, Surgical Suture Procedures And Others) And Forecast To 2030 – Click here
  • South Korea Wound Care Management Procedures Count By Segments (Automated Suturing Procedures, Compression Garments And Bandages Procedures, Ligating Clip Procedures, Surgical Adhesion Barrier Procedures, Surgical Suture Procedures And Others) And Forecast To 2030 – Click here
  • China Wound Care Management Procedures Count By Segments (Automated Suturing Procedures, Compression Garments And Bandages Procedures, Ligating Clip Procedures, Surgical Adhesion Barrier Procedures, Surgical Suture Procedures And Others) And Forecast To 2030 – Click here
  • United States (US) Wound Care Management Procedures Count By Segments (Automated Suturing Procedures, Compression Garments And Bandages Procedures, Ligating Clip Procedures, Surgical Adhesion Barrier Procedures, Surgical Suture Procedures And Others) And Forecast To 2030 – Click here.
  • Asia-Pacific (APAC) Traditional Wound Management Procedures Count And Forecast To 2030 – Click here.
  • EU5 Traditional Wound Management Procedures Count And Forecast To 2030 – Click here.

About us

GlobalData is a leading provider of data, analytics, and insights on the world’s largest industries. In an increasingly fast-moving, complex, and uncertain world, it has never been harder for organizations and decision-makers to predict and navigate the future. GlobalData’s mission is to help our clients to decode the future and profit from faster, more informed decisions. As a leading information services company, thousands of clients rely on us for trusted, timely, and actionable intelligence. Our solutions are designed to provide a daily edge to professionals within corporations, financial institutions, professional services, and government agencies.

Tags: , , , , ,