PUBLISHER: DataM Intelligence | PRODUCT CODE: 1629889
PUBLISHER: DataM Intelligence | PRODUCT CODE: 1629889
The global advanced wound care and closure market reached US$ 21.5 billion in 2023 and is expected to reach US$ 34.5 billion by 2033, growing at a CAGR of 4.8% during the forecast period 2025-2033.
Advanced wound care and closure is a specialized healthcare field that focuses on treating and managing acute and chronic wounds using innovative products and techniques. It involves the use of dressings like foam, hydrocolloid, alginate, and antimicrobial to create optimal healing environments, prevent infections, and promote tissue regeneration. Medical solutions like sutures, staples, tissue adhesives, and hemostatic agents are used to securely close wounds and support the natural healing process. These advanced solutions offer targeted therapies to enhance recovery, minimize complications, and improve patient outcomes. It is crucial for managing chronic wounds, surgical wounds, traumatic injuries, and burn cases.
Market Dynamics: Drivers & Restraints
Rising Prevalence of Chronic Wounds
The global advanced wound care and closure market is thriving due to the increasing prevalence of chronic wounds, such as diabetic foot ulcers, venous leg ulcers, and pressure ulcers, caused by diabetes, obesity, and vascular diseases. These conditions impair the natural wound healing process, necessitating advanced solutions. The demand for innovative wound care products, such as foam dressings, hydrocolloids, and antimicrobial dressings, is fueled by the aging population, who are more susceptible to chronic wounds due to reduced skin elasticity and slower regenerative capacity. These products provide optimal moisture balance, reduce infection risks, and promote faster healing, thereby driving market growth globally.
For instance, according to Uintah Basin Healthcare, Nearly 7 Billion Americans suffer from chronic wounds, including 2 Billion with diabetic foot ulcers. 1 in 4 families has a family member with a chronic wound. Long-term non-healing wounds increase the risk of infection, hospitalization, or amputation. As the population ages and conditions like obesity, diabetes, and heart disease increase, the prevalence of wound care is expected to grow by 2% per year over the next 5-10 years.
Limited Awareness and Training among Healthcare Professionals
The global advanced wound care and closure market is hindered by limited awareness and training among healthcare professionals, particularly in developing countries. Traditional methods are often used due to a lack of exposure to advanced wound care products and their applications. This prevents the adoption of innovative solutions like bioactive dressings, tissue-engineered products, and advanced closure devices. The sophisticated nature of some advanced wound care technologies requires specialized training. Inadequate training programs and limited access to educational resources exacerbate this knowledge gap, hindering the penetration of advanced wound care products and affecting patient care quality, ultimately slowing the market's growth potential.
The global advanced wound care and closure market is segmented based on product type, wound type, end user and region.
Foam Dressing segment from advanced wound care products is expected to dominate the Advanced Wound Care and Closure market share
The foam dressing segment from advanced wound care products holds a major portion of the advanced wound care and closure market share and is expected to continue to hold a significant portion of the advanced wound care and closure market share during the forecast period.
Foam dressings are a crucial component in the global wound care and closure market, providing a moist environment for managing various wounds. They are highly absorbent, ideal for moderate to heavy exudate wounds like diabetic foot ulcers and pressure ulcers. They offer cushioning, protection, and minimize pain during dressing changes. Foam dressings are versatile, suitable for both hospital and home care settings, driving their global adoption. The increasing prevalence of chronic conditions like diabetes and obesity, along with the increasing number of surgeries worldwide, contribute to the growing demand for foam dressings. Their ease of use, high performance, and cost-effectiveness make them a cornerstone in advanced wound care, enhancing patient outcomes and accelerating the market's growth.
For instance, in January 2023, Smith+Nephew has published data on its ALLEVYN LIFE Dressing, which shows a novel mechanism of action for pressure injury prevention (PIP). The study, published in the International Wound Journal, found that the dressing's independent and non-bonded internal layers allow for a layer-on-layer sliding phenomenon, allowing for the dissipation of mechanical energy that could otherwise be transferred to the patient. This results in the layer-on-layer frictional sliding of ALLEVYN LIFE Dressing absorbing 30-45% of the mechanical energy, potentially reducing pressure injury incidence in the patient's skin and underlying soft tissues.
Hospitals segment is the fastest-growing segment in Advanced Wound Care and Closure market share
The hospitals segment is the fastest-growing segment in the advanced wound care and closure market share and is expected to hold the market share over the forecast period.
Hospitals are the primary treatment centers for complex and chronic wounds, including diabetic foot ulcers, surgical wounds, pressure ulcers, and burn injuries. The growing number of hospital admissions for these conditions and the increasing incidence of surgeries and trauma cases fuel the demand for advanced wound care solutions.
Moreover, hospitals are equipped with the necessary infrastructure and expertise to administer advanced wound care therapies, such as bioactive dressings, hydrocolloids, and tissue-engineered products. Adoption of minimally invasive wound closure technologies, such as tissue adhesives and hemostatic agents, supports faster healing and reduces recovery times, enhancing patient outcomes. The extensive use of advanced wound care products in hospitals boosts their availability and accelerates innovation in wound management solutions, making them a key driver in the market's growth.
North America is expected to hold a significant position in the Advanced Wound Care and Closure market share
North America holds a substantial position in the advanced wound care and closure market and is expected to hold most of the market share due to its established healthcare infrastructure, high healthcare funding, and advanced medical technology adoption. The US is particularly affected by chronic conditions like diabetes, obesity, and cardiovascular diseases, leading to chronic wounds like diabetic foot ulcers and pressure ulcers. The increasing number of surgical procedures and aging population further increase the need for advanced wound closure solutions. The region's strong regulatory framework ensures product safety and efficacy, fostering consumer confidence and market growth. Additionally, reimbursement policies for advanced wound care products enhance their adoption by healthcare providers and patients, contributing significantly to the market's growth.
For instance, in January 2024, 3M Health Care's Medical Solutions Division has been awarded $34.2 Billion from the U.S. Army Medical Research Acquisition Activity to develop new infection prevention, wound management, and wound healing solutions. The program will focus on treatment strategies for austere settings, particularly mass casualty and delayed evacuation situations, as part of the Department of Defense Combat Casualty Care Capability Assessment. It will also assess biofilm control, biomarker monitoring, and healing in acute trauma situations.
Moreover, in September 2024, Solventum has launched the V.A.C. Peel and Place Dressing, an integrated dressing and drape that can be applied in less than two minutes and worn by patients for up to seven days. This is a significant improvement over traditional dressings for negative pressure wound therapy, which typically take more than two hours to apply.
Asia-Pacific is growing at the fastest pace in the Advanced Wound Care and Closure market
Asia-Pacific holds the fastest pace in the advanced wound care and closure market and is expected to hold most of the market share due to the due to economic development, improved healthcare infrastructure, and increased healthcare awareness. The rising incidence of chronic diseases like diabetes and hypertension, as well as the aging population in countries like China, India, and Japan, are driving demand for these solutions. However, challenges such as limited awareness and training among healthcare professionals persist, especially in rural areas. Despite these obstacles, the increasing number of healthcare facilities, rising disposable income, and government healthcare investments present significant opportunities for the advanced wound care market in the APAC region.
For instance, in July 2024, AMS BioteQ, a biotech company, has obtained a first-class medical device sales permit from Japan's PMDA for its "SIPSIP Foam Wound Dressing," a medical device with excellent anti-adhesion properties, high absorbency, and tissue regeneration capabilities. This is the first Taiwanese "cotton-based wound dressing" medical device to receive approval in Japan, marking a milestone in AMS BioteQ's global market expansion for its self-developed brand.
The major global players in the advanced wound care and closure market include 3M Company, Integra LifeSciences Holdings Corporation, Baxter International Inc., Johnson & Johnson, Convatec Group plc, Essity Aktiebolag AB, Coloplast, Medtronic plc, B. Braun SE, Smith and Nephew plc and among others.
Emerging Players
The emerging players in the advanced wound care and closure market include KCI licensing, Inc, MiMedx Group, Inc, Organogenesis Holdings Inc, Axio Biosolutions, Hemostatix Medical Technologies, LLC and among Others.
The global advanced wound care and closure market report delivers a detailed analysis with 60+ key tables, more than 50 visually impactful figures, and 176 pages of expert insights, providing a complete view of the market landscape.
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