Wound Care Market Size is Expected to Reach USD 32.75 Billion by 2033, Growing at a CAGR of 3.94%: Straits Research

New York, United States, March 03, 2025 (GLOBE NEWSWIRE) -- The global demand for wound care products is increasing as the number of patients with chronic and acute wounds rises. Market leaders continually focus on introducing innovative wound care products to meet unmet demand. As a result, more people are using conventional, bioactive, and other wound care products. In addition, governments in developing nations and other for-profit and non-profit organizations are increasingly focusing on various awareness campaigns to educate the public about innovative product offerings and therapeutic options for chronic and advanced wounds. Download Free Sample Report PDF @ https://straitsresearch.com/report/wound-care-market/request-sample Market Dynamics Growing Popularity of Ambulatory Surgery Centers (ASCs) and Expanding funding for R&D Activities Drives the Global Market The increase in Ambulatory Surgical centers (ASCs) is also anticipated to impact the wound care market. Surgery, testing, and preventive care are just a few of the many services that ASCs provide. Surgery for pain management, urology, orthopedics, restorative, reconstructive, alternative plastic surgery, and gastrointestinal (GI) surgery are all performed in ambulatory surgery facilities. ASCs have become more prevalent, their services have improved, and they have become more affordable. Due to increased R&D spending and the launch of innovative products by market players like B. Braun Melsungen AG and ConvaTec Group PLC, demand for these products is predicted to increase, especially in developed countries. Additionally, the distinct clinical benefits of negative pressure wound therapy and the introduction of cutting-edge features like single use by market players entice medical professionals worldwide to use NPWT devices. Growing Need for Refined Products Creates Tremendous Opportunities Numerous manufacturers attempt to expand the market primarily through acquisitions in developing regions. In addition, market participants are anticipated to adopt mergers or acquisitions with regional players and other expansion strategies to expand their market offerings. In addition, the growth of the markets for sealants, glues, and hemostats has been strong enough to captivate market participants. Regional Analysis North America has dominated the wound care market with the highest revenue share and is expected to increase during the forecast period. Significant factors influencing the market growth in this region include a sizable population base and an expanding patient pool in nations like the U.S. Ask for Customization @ https://straitsresearch.com/report/wound-care-market/request-sample Key Highlights The global wound care market size was valued at USD 23.13 billion in 2024 and is projected to reach from USD 24.04 billion in 2025 to USD 32.75 billion by 2033, growing at a CAGR of 3.94% during the forecast period (2025-2033).Based on the product, the market is divided into advanced wound dressing, surgical wound care, traditional wound care, and wound therapy devices. The market for wound care is dominated by the advanced wound dressing segment.Based on application, the market is bifurcated into chronic and acute wounds. The chronic wounds segment dominated the wound care market.Based on end-use, the market is categorized into hospitals, specialty clinics, and home healthcare. During the forecast period, the segment for acute wounds is anticipated to experience the fastest CAGR.North America has dominated the wound care market with the highest revenue share and is expected to increase during the forecast period. Competitive Players Smith & NephewMölnlycke Health Care ABConvatec Group PLCEthicon (Johnson & Johnson)Baxter InternationalDeRoyal Industries, Inc.Coloplast Corp.Medtronic3M CompanyIntegra LifeSciences Holdings CorporationMedline Industries, Inc.Braun Melsungen AGCardinal Health, Inc.Organogenesis Inc.MIMEDX Group, Inc. Recent Developments In June 2022:Smith & Nephew announced a new UK R&D and manufacturing facility for Advanced Wound Management with a USD 100m+ investment near Hull. Smith & Nephew (LSE: SN, NYSE: SNN), the global medical technology business, announced that it would build a new R&D and manufacturing facility for its Advanced Wound Management franchise on the outskirts of Hull, UK.In March 2022:Smith & Nephew announced a new study showing GRAFIX™ Membrane cut the diabetic foot ulcer recurrence rate in half compared to leading competitors. Smith & Nephew (LSE: SN, NYSE: SNN), the global medical technology business, announced the publication of a peer-reviewed study in the Advances in Wound Care Journal reporting outcomes for Medicare patients with a diabetic foot ulcer (DFU) that shows GRAFIX Cryopreserved Placental Membrane cut DFU recurrence rates in half compared to leading cellular and tissue-based product (CTP) competitors.In March 2022:Convatec Group completed the acquisition of Triad Life Sciences Inc as it enters the attractive wound biologics segment. The Triad team, current portfolio, and product pipeline will now transition to Convatec's Advanced Wound Care (AWC) business and be known as Convatec Advanced Tissue Technologies. Segmentation By Product Advanced Wound Care Infection Management Silver Wound DressingsNon-Silver DressingsCollagen Dressings Exudate Management Hydrocolloids DressingsFoam DressingsAlginate DressingsHydrogel Dressings Active Wound Care Skin SubstitutesGrowth Factors Therapy Devices Negative Pressure Wound Therapy (NPWT)Oxygen and Hyperbaric Oxygen EquipmentElectromagnetic Therapy DevicesOthers Surgical Wound Care Sutures & staplesTissue adhesive and sealantsAnti-infective dressing Traditional Wound Care Medical TapesCottonBandagesGauzesSpongesCleansing Agents By Application Chronic Wounds Diabetic foot ulcersPressure ulcersVenous leg ulcersOthers Acute Wounds Surgical & traumatic woundsBurns By Mode of Purchase PrescribedNon-prescribed (OTC) By End User HospitalsHome Care SettingsWound Care CentersNursing HomesOthers By Region North AmericaEuropeAsia PacificMiddle East And AfricaLatin America Get Detailed Market Segmentation @ https://straitsresearch.com/report/wound-care-market/segmentation About Straits Research Pvt. Ltd. Straits Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision-makers. Straits Research Pvt. Ltd. provides actionable market research data, especially designed and presented for decision making and ROI. Whether you are looking at business sectors in the next town or crosswise over continents, we understand the significance of being acquainted with the client’s purchase. We overcome our clients’ issues by recognizing and deciphering the target group and generating leads with utmost precision. We seek to collaborate with our clients to deliver a broad spectrum of results through a blend of market and business research approaches. Phone: +1 646 905 0080 (U.S.) +44 203 695 0070 (U.K.) Email: sales@straitsresearch.com Follow Us: LinkedIn | Facebook | Instagram | Twitter

Wound Care Market Size is Expected to Reach USD 32.75 Billion by 2033, Growing at a CAGR of 3.94%: Straits Research

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