Advanced Wound Care Market to Generate Revenue Worth $13.4 Billion by 2030

The global advanced wound care market size is projected to be $13.4 billion by 2030, advancing at a CAGR of 5.8% during 2021–2030. This will be on account of the increase in the geriatric population, growth in the awareness of advanced wound care products, technological advancements, and rise in the burns case count across the globe. In addition, an increase in the volume of surgeries, a surge in the incidence of chronic wounds, and surge in the number of road accidents are expected to drive the domain growth in the forecast period.

Further, these products are comfortable for the patient as they are flexible and prevent hindrance to body movements. The frequency of change of these products is also lower in comparison to traditional ones, thus resulting in higher comfort. Moreover, they do not adhere to the wound, thus preventing the peeling of the regenerated skin at the time of dressing change. They also promote epithelialization, which accelerates the healing and covers the exposed surface of the wound. These products are also infused with different substances, such as silver, antimicrobials, and collagenase, to promote the healing process.

They are also increasingly being used after surgical procedures, such as leg surgery, cardiac surgery, and amputations, as they have better therapeutic efficacy. In addition, they are used to treat the surgical site infections acquired in hospitals. Patients become exposed to infections, such as pneumonia, urinary tract infections, blood infections, and surgical site infections, during hospital-based care; thus, foam, film, hydrogel, and other kinds of dressings are used after surgical procedures.

These products are sterile, thus preventing the contamination of wounds during treatment. They also serve as a barrier that protects the wounds from infectious agents. In addition, they reduce the scarring of the tissue produced during the healing process. Moreover, they are easily available over the counter, as a prescription is not required to buy them. In addition, the availability of these products with online retailers leads to their increasing access to people.

Advanced Wound Dressing Dominate Industry

The advanced wound dressing category held the largest advanced wound care market share, in 2021. This is on account of the increase in the number of healthcare-associated infections and rise in the awareness of patients on this issue. Furthermore, the increasing prevalence of pressure ulcers, venous ulcers, and diabetic ulcers drives the demand for such products. This type of dressing promotes healing by providing a moist microenvironment, allowing gaseous exchange, and preventing infection.

North America Leads Market

North America contributed the highest market share, of more than 43%, in 2021, due to the presence of prominent players, increasing number of hospitals, and favorable regulatory scenario in the region.

The market in APAC is expected to advance the quickest during the forecast period, because of the aging population, rising diabetes prevalence, and booming count of burns victims. In addition, the increase in the prevalence of chronic diseases due to the changes in the lifestyle and the rising influx of people from overseas seeking cost-effective treatments are driving the regional growth.

The major players operating in the advanced wound care market are Smith & Nephew plc, Molnlycke Health Care AB, ConvaTec Group PLC, Baxter International Inc., URGO Medical, Coloplast Corp., Medtronic, 3M, Derma Sciences Inc. (Integra LifeSciences), and Medline Industries.