PUBLISHER: The Business Research Company | PRODUCT CODE: 1526865
PUBLISHER: The Business Research Company | PRODUCT CODE: 1526865
Wound care centers, also known as wound clinics, are specialized healthcare facilities that provide comprehensive treatment and management for both acute and chronic wounds. These centers utilize a multidisciplinary approach to offer advanced wound management, aiming to treat patients with non-healing wounds through a wide range of services that promote healing and improve outcomes.
The primary types of wound care centers include hospitals and clinics. Hospitals are healthcare institutions equipped with medical facilities and personnel to deliver a broad spectrum of diagnostic, therapeutic, and surgical services to patients requiring acute medical care. These centers treat various types of wounds, such as acute and chronic wounds, using several procedures including debridement, negative pressure wound therapy, compression therapy, hyperbaric oxygen therapy, specialized dressings, and infection control.
The wound care centers market research report is one of a series of new reports from The Business Research Company that provides wound care centers market statistics, including the wound care centers industry global market size, regional shares, competitors with wound care centers market share, detailed wound care centers market segments, market trends, and opportunities, and any further data you may need to thrive in the wound care centers industry. These wound care centers market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The wound care centers market size has grown strongly in recent years. It will grow from $40.92 billion in 2023 to $43.09 billion in 2024 at a compound annual growth rate (CAGR) of 5.3%. The growth in the historic period can be attributed to an increased focus on quality of life, the economic burden of chronic wounds, professional training and certification, a multidisciplinary care approach, and the influence of patient advocacy and support groups.
The wound care centers market size is expected to see strong growth in the next few years. It will grow to $53.18 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to the rising demand for remote monitoring, collaborative care models, advanced diagnostics, patient-centric care, and a focus on preventive care. Major trends during this period include healthcare policy and reimbursement changes, public and professional education, 3D printing technology, integrated healthcare systems, and an emphasis on sustainability and innovation.
The rising incidence of chronic wounds is expected to propel the growth of the wound care center market. Chronic wounds, which do not heal within the expected timeframe of usually three months despite appropriate care, are increasing in prevalence due to rising rates of diabetes and obesity, conditions that impair healing processes and lead to complications. Advanced treatments for chronic wounds are typically available in specialized wound care centers, which also provide psychosocial support to help patients cope with the emotional and psychological aspects of their condition. For instance, in July 2023, OSF HealthCare, a US-based healthcare company, reported that approximately 6.7 million people currently live with chronic wounds, a number expected to increase by 2% annually over the next decade. Consequently, the rising incidence of chronic wounds is driving the growth of the wound care center market.
Major companies in the wound care center market are developing outpatient wound care clinics to provide specialized care for complex and chronic wounds, including diabetic foot ulcers and venous stasis ulcers. These outpatient wound care clinics are specialized medical facilities that reduce facility expenses and cut travel time, allowing patients to complete their treatment without relapsing. For instance, in January 2024, Jovive Health, a US-based healthcare company, launched Jovive wound care outpatient clinics in Mission Viejo and Loma Linda, CA. These advanced wound care clinics offer comprehensive wound assessment and management, personalized treatment plans, and access to specialized medical professionals utilizing high-resolution imaging and digital wound measurement systems. They use cutting-edge technology, such as the custom-built Wound Care Analytics (WCA) platform, to visually monitor wound size, progress, and closure rates over time. This improves patient outcomes and provides referring doctors with detailed documentation and analytic reports.
In October 2023, Personic Healthcare, a US-based provider of mobile wound care services, acquired American Wound Care for $2 million. This acquisition aims to broaden Personic Healthcare's portfolio of services, potentially offering a more comprehensive range of wound care solutions to patients or clients. Through this acquisition, Personic Healthcare looks forward to gaining expertise and resources and expanding its capabilities in wound management. American Wound Care is a US-based provider of wound care center services through various institutions and organizations.
Major companies operating in the wound care centers market are UPMC Wound Healing Services, Mayo Clinic Health System, Cleveland Clinic, Mercy Health, Vanderbilt University Medical Center, Banner Health, Novant Health, Kindred Healthcare, Orlando Health, Emory Healthcare, Hartford HealthCare, Sentara Health, Hologic, Memorial Hermann, Texas Health Resources, OSF HealthCare, Amedisys, Stormont Vail Health, Healogics Inc., RestorixHealth, OakBend Medical Center, EmergeOrtho, Byram Healthcare, Shared Health Services Inc., Woundtech, Jovive Health
North America was the largest region in the wound care centers market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the wound care centers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the wound care centers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The wound care centers market includes revenues earned by entities by providing services such as wound assessment, cleaning, debridement, application of advanced wound dressings, and infection management. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Wound Care Centers Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on wound care centers market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for wound care centers ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The wound care centers market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.