Global Wound Care Market, by Product Type (Advanced Wound Management Products(Wound Dressings, (Foam Dressings, Hydrocolloid Dressings, Film Dressings, Anti-Infective Dressings, Alginate Dressings, Collagen Dressings), Wound Therapy Devices (Pressure Relief Devices, Negative Pressure Wound Therapy Systems, Hyperbaric Oxygen Equipment, Electrical Stimulation Devices), and Active Wound Care, Surgical Wound Care Products, (Sutures and Staples, Tissue Adhesives, Sealants, and Glues) Traditional Wound Care Products, (Medical Tapes, Dressings, Cleansing Agents))), by  Wound Type ( Chronic Wound (Pressure Ulcers, Diabetic Foot Ulcers, Venous Ulcers, Other Chronic Wounds (Traumatic Wounds, etc.)), Acute Wounds, (Surgical and Traumatic Wounds, Burns)) by End User (Hospitals, Clinics, Ambulatory Surgical Centers, Others (Home Care Settings, etc.)), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) is estimated to be valued at US$ 21,218.5 Million in 2022 and is expected to exhibit a CAGR of 5.3% during the forecast period (2022-2030), as highlighted in a new report published by Coherent Market Insights.

The increasing adoption of inorganic strategies such as product approval by regulatory authorities such as the U.S. Food and Drug Administration is expected to drive the wound care market over the forecast period. For instance, in June 2021, Axio Biosolutions Pvt Ltd., a medical technology company, announced that they had received an approval from the U.S. Food and Drug Administration for Axiostat patch. Axiostat patch is a haemostatic dressing that controls and stops severe bleeding during surgical procedures.

Global Wound Care Market– Impact of Coronavirus (COVID-19) Pandemic

The COVID-19 pandemic and lockdowns in various countries across the globe have impacted the financial status of businesses across all sectors, including the private healthcare sector. The COVID-19 pandemic has impacted the entire supply chain of the healthcare industry, mainly due to strict lockdown in several regions. Private healthcare is one such sector that has been impacted significantly by the COVID-19 pandemic.

However, the COVID-19 pandemic had a negative impact on the global wound care market. For instance, in January 2022, according to the data published in National Center for Biotechnology Information, COVID-19 resulted in increased risk of pressure ulceration and adverse skin reactions in both patients and healthcare staff. Moreover, most patients postponed or delayed aspects of their wound care due to COVID-19. As, COVID-19 is associated with physiologic changes that may affect wound healing.

Global Wound Care Market: Key Developments

In April 2021, Noventure, a pharmaceutical company, announced that they had acquired Ulkox and Oleoabrax products, which are originally manufactured by Quesper R&D, a technology-based company. Ulkox and Oleoabrax products, based on an Olea Europaea leaf extract wound-healing technology are used for ulcers and skin wounds. They protect the affected area from infection and boost healing based on four properties such as the protective barrier, skin hydration, and pH control and oxygen radical scavenging effect.

Browse 35 Market Data Tables and 34 Figures spread through 180 Pages and in-depth TOC on “Global Wound Care Market”- Forecast to 2030, Global Wound Care Market, by Product Type (Advanced Wound Management Products(Wound Dressings, (Foam Dressings, Hydrocolloid Dressings, Film Dressings, Anti-Infective Dressings, Alginate Dressings, Collagen Dressings), Wound Therapy Devices (Pressure Relief Devices, Negative Pressure Wound Therapy Systems, Hyperbaric Oxygen Equipment, Electrical Stimulation Devices), and Active Wound Care, Surgical Wound Care Products, (Sutures and Staples, Tissue Adhesives, Sealants, and Glues) Traditional Wound Care Products, (Medical Tapes, Dressings, Cleansing Agents))), by  Wound Type ( Chronic Wound (Pressure Ulcers, Diabetic Foot Ulcers, Venous Ulcers, Other Chronic Wounds (Traumatic Wounds, etc.)), Acute Wounds, (Surgical and Traumatic Wounds, Burns)) by End User (Hospitals, Clinics, Ambulatory Surgical Centers, Others (Home Care Settings, etc.)), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

To know the latest trends and insights prevalent in this market, click the link below:

https://www.coherentmarketinsights.com/market-insight/wound-care-market-546

Moreover, increasing adoption of inorganic strategies by market players such as technology advancement is expected to drive the market over the forecast period. For instance, in April 2022, Wound Care Advantage (WCA), a hospital & health care company, announced that they had introduced LUVO, a digital network platform for wound centers, which can strengthen wound center and provide effective and efficient option for wound care patient.   

Key Takeaways of the Global Wound Care Market:

  • The global wound care market is expected to exhibit a CAGR of 5.3% during the forecast period due to the increasing adoption of strategies such as product launches by the key market players. For instance, in July 2020, EO2 Concepts, a wound care technology company, announced that they had launched OxyGeni and the OxySpur wound dressings, that provides continuous diffusion of oxygen (CDO) therapy with system that offer full closure and pain relief to patients suffering with chronic wounds, including diabetic and other healing-compromised patients.
  • Among wound type, chronic wound segment is estimated to hold a dominant position in the global wound care market due to increasing product approval by key market players. For instance, in February 2021, Axio Biosolutions Pvt Ltd., a medical technology company, announced that they had received European CE mark approval for MaxioCel, a wound care product for healing of chronic wounds, such as pressure ulcers, diabetic foot ulcers, venous leg ulcers, cavity wounds, skin abrasions, and surgical wounds during clinical surgeries.
  • Among regions, North America is estimated to account for the largest market share in the global wound care market, owing to the increasing inorganic strategies such as acquisition by key market players. For instance, in December 2021, Essity, a hygiene and health company, announced that they had acquired Hydrofera, an advanced wound care company in the U.S. This acquisition will help Essity to expand their wound care product line
  • Major players operating in the global wound care market include 3M, Baxter, Coloplast A/S, Acelity L.P. Inc., Integra LifeSciences, Johnson & Johnson Services, Inc., Axio Biosolutions Pvt Ltd., Omeza, Smith & Nephew Plc., Cardinal Health, Schulke & Mayr GmbH, Bactiguard AB, Wound Care Advantage, LLC, Noventure, EO2 Concepts, Essity, Hydrofera, Advance Medical, Inc., CutisCare, Convatec Group PLC, and Organogenesis Inc.

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