PUBLISHER: DataM Intelligence | PRODUCT CODE: 1678773
PUBLISHER: DataM Intelligence | PRODUCT CODE: 1678773
The Global wound care management devices market reached US$ 20.69 billion in 2024 and is expected to reach US$ 29.00 billion by 2033, growing at a CAGR of 3.8% during the forecast period 2025-2033.
Wound care management devices are medical tools designed to treat, heal, and prevent various types of wounds, including acute, chronic, and surgical ones. They improve patient outcomes by promoting faster healing, reducing infection risks, and minimizing complications. The market includes advanced solutions like NPT systems, moisture-retentive dressings, bioengineered products, and surgical devices. With the rising incidence of chronic diseases, aging populations, and the subsequent increase in surgical procedures, the demand for innovative wound care management devices is growing.
Market Dynamics: Drivers & Restraints
Increasing Incidence of Chronic Wounds
The market for wound care management devices is booming due to the increasing incidence of chronic wounds like diabetic foot ulcers, pressure ulcers, and venous leg ulcers. Factors like an aging population, rising prevalence of diabetes, and obesity contribute to the increasing incidence of non-healing wounds. Advanced solutions are needed for effective healing and preventing complications. This demand, especially in developed regions like North America and Europe, is driving the demand for innovative devices.
For instance, over a 5-year period, Medicare beneficiaries with wounds increased from 8.2 million to 10.5 million, with a 13% increase in wound prevalence. The largest increase was seen in those aged <65 years. The largest changes were in arterial ulcers, skin disorders, and traumatic wounds. Expenditures decreased regardless of the three methods used, with a reduction of $29.7 billion to $22.5 billion for the most conservative method.
High Cost of Advanced Wound Care Products
The high cost of advanced wound care products and therapies, such as negative pressure wound therapy systems and bioengineered dressings, hinders market growth, especially in low and middle-income regions. Limited reimbursement policies and traditional wound care products also limit their adoption, leading healthcare providers and patients to opt for traditional options.
The global wound care management devices market is segmented based on product type, wound type, end user and region.
The advanced wound care devices in the product type segment are expected to dominate with the highest market share.
The advanced wound care devices segment holds a major portion of the wound care management devices market share and is expected to continue to hold a significant portion during the forecast period.
Advanced wound care devices, such as negative pressure wound therapy systems, advanced dressings, and bioactive products, are crucial for treating complex and chronic wounds like diabetic foot ulcers, pressure ulcers, and surgical wounds. They facilitate faster healing, reduce infection risks, and minimize patient discomfort. Demand for these devices is growing in North America and Europe due to their effectiveness in promoting wound healing, especially for patients with underlying conditions like diabetes and cardiovascular diseases. As the demand rises, manufacturers are actively involved in the launch of advanced products.
For instance, in February 2025, Biomiq Inc., a leading Canadian provider of advanced wound care solutions, introduced PureGel, a super-oxidizing nano-hydrogel. This Class II medical device offers a long-lasting, non-cytotoxic solution for wound management, marking a new era in advanced wound care.
North America is expected to hold a significant position in the wound care management devices market share.
North America holds a substantial position in the wound care management devices market and is expected to hold most of the market share in the future. This dominance is fuelled by the increasing prevalence of chronic wounds like diabetic foot ulcers, pressure ulcers, and venous leg ulcers. The region's high diabetes and obesity rates necessitate advanced wound care solutions. The presence of established healthcare infrastructure, increasing healthcare expenditure, and advanced wound care technologies drive market growth.
For instance, in May 2024, AVITA Medical, a regenerative medicine company, received FDA approval for its premarket approval supplement for the RECELL GO System, a next-generation autologous cell harvesting device that uses a patient's own skin's regenerative properties to treat thermal burn wounds and full-thickness skin defects.
The major global players in the wound care management devices market include Smith & Nephew plc, 3M Company, Cardinal Health, Inc., Medtronic plc, Coloplast A/S, ConvaTec Group plc, Johnson & Johnson Services, Inc., Molnlycke Health Care AB, Hollister Incorporated, Medline Industries, Inc., and among others.
The global Wound Care Management Devices market report delivers a detailed analysis with 61 key tables, more than 59 visually impactful figures, and 220 pages of expert insights, providing a complete view of the market landscape.
Target Audience 2024
Key Market Players
Emerging Market Players
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