Wound Care Market Size to Reach USD 21930 Million by 2027 at CAGR 3.0% - Valuates Reports
BANGALORE, India, Nov. 19, 2021 /PRNewswire/ -- The Wound Care Market is Segmented by Type (Gauze Swab, Adhesive Band, Bandage, Burn Dressing, Others), End User (Hospitals, Emergency, Others). The report covers global opportunity analysis and industry forecasts from 2021 to 2027. It is published in Valuates Reports under Health Conditions Category.
The global Wound Care market size is projected to reach USD 21930 Million by 2027, from USD 17300 Million in 2020, at a CAGR of 3.0% during 2021-2027.
Major Factors Driving The Growth Of The Wound Care Market:
The growing geriatric population, increase in the frequency of road accidents, high prevalence of chronic diseases such as diabetes, cancer, and other autoimmune disorders; and the growing number of Ambulatory Surgical Centers (ASCs) around the world are all driving the growth of the wound care market.
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Trends Influencing The Growth Of The Wound Care Market:
Wound care solutions are being utilized more frequently to avoid surgical site infections. The majority of surgical wounds following cancer surgery are large and deep, producing exudates that must be managed on a daily basis.
The wound care market is expected to develop due to an increase in the number of incidents, such as car accidents, burns, and trauma events. In the United States of America, around 410 000 burn injuries occurred in 2008, with approximately 40 000 requiring hospitalization. Every year, about 1 Million people in India get moderately or severely burned.
Cancer is the world's second-biggest cause of death, accounting for 8.8 Million deaths in 2015. Cancer is responsible for about one-sixth of all fatalities worldwide. Cancer kills over 70% of people in low- and middle-income nations. The number of procedures performed has increased as a result of the rising frequency of chronic illnesses. As a result, the expansion of the wound care market is likely to be fueled by an increase in the number of cancer cases.
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Wound Care Market share Analysis
Based on application, the hospitals' end-use segment is expected to be the most lucrative. Surgical wound care dressings and NPWT are typically used in hospitals and are not appropriate for home use. NPWT necessitates a lengthy hospital stay and frequent monitoring. The rising prevalence of diabetic foot ulcers and venous leg ulcers, for which NPWT is commonly used, is one of the key driving factors for the segment's growth.
Based on region, North America is expected to be one of the most lucrative regions during the forecast period. This is attributed to an increase in sports injuries and road accidents in the region. Furthermore, the market is likely to be driven by the availability of qualified experts and improvements in healthcare infrastructure over the forecast period.
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Major Players in the Wound Care Market
- Tenko Medical Systems
- Pharmaplast
- Mueller Sports Medicine
- Previs
- Troge Medical
- Taumediplast
- Lohmann & Rauscher
- PerSys Medical
- HemCon Medical Technologies
- Unomedical
- Absorbest
- PVS
- O-Two Medical Technologies Inc.
- Medinet
- Neomedic Limited
- Integrity Medical Devices
- Tonus Elast
- Medpack Swiss Group
- Rays
- Honnes Healthcare
- Kuteks
- AnsCare
- Plasti Lab
- Udaipur Health Care
- Parker Medical Associates
- Others
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SIMILAR REPORTS
- The global advanced wound care market size was valued at USD 8,978.0 Million in 2020, and is projected to reach USD 14,190.5 Million by 2030, registering a CAGR of 4.6% from 2021 to 2030.
- The global Wound Care Management market size is projected to reach USD 38960 Million by 2027, from USD 30210 Million in 2020, at a CAGR of 3.7% during 2021-2027
- The global Wound Care Management Devices market size was valued at USD 7345.9 in 2020 and will reach USD 10190 Million by the end of 2027, growing at a CAGR of 5.6% during 2022-2027.
- The global Active Wound Care market size is projected to reach USD 2043.9 Million by 2027, from USD 1006.4 Million in 2020, at a CAGR of 10.5% during 2021-2027.
- The global Acute Wound Care market size is projected to reach USD 16120 Million by 2027, from USD 8877.4 Million in 2020, at a CAGR of 8.4% during 2021-2027.
- The global Animal Wound Care market size is projected to reach USD 1104.2 Million by 2027, from USD 825 Million in 2020, at a CAGR of 3.8% during 2021-2027.
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