A significant rise in the incidence of diabetic foot ulcers, venous leg ulcers, surgical & traumatic wounds, burns, as well as surgical sites has positively driven the Global Wound Care Market.
According to MarkNtel Advisors study, The Global Wound Care Market is estimated to grow at a CAGR of around 5.3% during the forecast period, i.e., 2024-30.
The emerging potential of artificial intelligence (AI) to revolutionize wound care comes as a significant opportunity for the Wound Care Market creating profitable avenues for future years. The limitations of traditional wound care solutions have necessitated the adoption of AI in wound care. By providing clinicians with advanced tools to assist in wound assessment, treatment planning, and monitoring,
AI has the potential to transform wound care. It provides early recognition of patients who would both fail standard-of-care therapy before starting treatment and would benefit from early therapeutic interventions tailored to their specific healing prognosis, ultimately resulting in improved and more cost-effective outcomes. With more advancements and shifting focus to provide patients with personalized treatment, the adoption of AI in wound care would increase, thereby boosting the overall wound care market during 2024-30.
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Key Findings in Wound Care Market:
| Historical Years | 2019-2022 |
| Base Years | 2023 |
| Forecast Years | 2024-2030 |
| Key Report Highlights | · Market Dimensions & Projections· Pricing Evaluation,· Recent Strategic Moves by Companies,· Primary Stakeholders,· Analysis of Import and Export Trends,· Competitive Landscape Assessment,· Emerging Opportunities,· Market Trends and Indicators |
| Reports Delivery Format | Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address. |
Wound Care Market Key Players:
3M Company, Cardinal Health, Medtronic Plc, Smith & Nephew Plc, Molnlycke Health Care AB, Johnson & Johnson Services, Inc., Baxter International, Urgo Group, Integra LifeSciences Corporation, Applied Tissue Technologies LLC, Advancis Medical, Coloplast Corp., Convatec Group PLC, Paul Hartmann AG, Axio Biosolutions Pvt Ltd., Other
Market Segmentation Overview:
By Product
-Advanced Wound Dressings
–Foam Dressings
–Hydrocolloid Dressings
–Film Dressings
–Alginate Dressings
–Hydrogel Dressings
–Collagen Dressings
–Others (Hydrofibers, Honey Dressings, etc.)
-Surgical Wound Care
–Sutures & Staples
–Tissue Adhesives and Sealants
–Anti-infective Dressing
-Traditional Wound Care Products
–Medical Tapes
–Cotton
–Bandages
–Gauzes
–Sponges
–Cleansing Agents
-Wound Therapy Devices
–Negative Pressure Wound Therapy
–Oxygen & Hyperbaric Oxygen Equipment
–Electric Stimulation Devices
–Pressure Relief Devices
By Application
-Chronic Wounds
-Acute Wounds
Chronic Wounds held for the largest share of the Wound Care Market during the past period and is presumed to flourish in the forthcoming years as well. This owes to the rising prevalence of diabetic foot ulcers & venous pressure ulcers, the increasing geriatric population, and the increasing number of individuals suffering from varicose vein ailment. Chronic wounds are persistent, non-healing wounds that often result from underlying health conditions like diabetes, venous insufficiency, or pressure ulcers. These wounds require long-term management & care due to their slow healing process & potential for complications.
Diabetic foot ulcers, venous leg ulcers, and pressure ulcers also pose a substantial healthcare burden globally, owing to which there is a growing focus on advanced wound care products, especially dressings, as well as therapies designed specifically for chronic wound management to address challenges like infection control, moisture management, & tissue regeneration.
By End User
-Hospitals
-Homecare
-Others (Specialty Clinics, Ambulatory Surgical Centers, etc.)
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By Region
North America
South America
Europe
The Middle East & Africa
Asia-Pacific
The Wound Care Industry Recent Development:
2024 Years: Kyocera Corporation announced the commencement of its new manufacturing facility in the US. The unit would develop FC-cut crystals & Wound Care in the forecast period.
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