Wound Care Devices Market 2024 - Global Insights, Industry Demand, Growth Trends And Outlook By 2033

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Wound Care Devices Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $88.47 billion In 2028 At A CAGR Of 7.8% :

The wound care devices market size has grown strongly in recent years. It will grow from $60.43 billion in 2023 to $65.51 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to rise in chronic diseases, prevalence of diabetes, increase in surgical procedures, focus on infection control, government initiatives for wound care, patient preference for non-invasive solutions.

The wound care devices market size is expected to see strong growth in the next few years. It will grow to $88.47 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to global rise in obesity rates, regulatory support and standards, wearable wound monitoring devices, increasing geriatric population, collaboration in wound care research. Major trends in the forecast period include smart wound dressings, 3d bioprinting in wound care, telemedicine in wound management, compression therapy innovations, wearable wound monitoring devices.

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Wound Care Devices Market Major Segments
The wound care devices market covered in this report is segmented -

1) By Type: Traditional Adhesive Dressings, Negative-pressure Wound Therapy (NPWT), Traditional Gauze Dressings, Advanced Wound Care Devices
2) By End User: Hospitals And Clinics, Diagnostic Laboratories, Other End Users
3) By Type of Expenditure: Public, Private
4) By Product: Instruments/Equipment, Disposables

Key Driver - Role Of Combination Dressings In The Treatment Of Chronic Wounds

Combination dressings are increasingly being used to treat chronic wounds. The most widely used combination dressing is an antimicrobial agent and a biological material that together acts as a combination dressing. Combination dressings blend the chemical and physical properties of two or more types of wound dressing products to provide, waterproofing, anti-bacterial and viral infections, and skin-friendly capabilities. For instance, ConvaTec offers AQUACEL combination dressings that are made up of Hydrofiber Technology that offers stitch bonding functionality and increases the tensile strength of the dressing to be used as a combination dressing with an absorbent for the treatment of chronic wounds. The most widely used combination dressings include silver alginate dressings, silver collagen dressings, collagen hydrochloride dressings, and foam dressings. These dressings are used in the treatment of chronic ulcers, traumatic wounds, and surgical wounds. For instance, according to the National Library of Medicine, a US-based medical library, by 2030, the global prevalence of type 2 diabetes is expected to climb to 7,079 cases per 100,000 people, demonstrating an ongoing rise in all geographical areas.

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Prominent Trend - Advent Of Bio-Inductive Implants In Healing

Major companies operating in the wound care device market are focusing on developing an innovative approach, bio-inductive implant, to sustain their position in the market. The bio-inductive implant is designed to provide wound care by supporting the natural healing response of the body and facilitating the growth of tendon tissue. For instance, in July 2023, Smith and Nephew, a UK-based medical equipment manufacturing company, launched the REGENTEN bio-inductive implant in India. The collagen-based REGENETEN Bio inductive Implant would support the body's natural healing response for facilitating the growth of new tendon-like tissue to biologically augment the existing tendon and change the course of disease progression.

Wound Care Devices Market Players
Major companies operating in the wound care devices market report are Cardinal Health Inc., Johnson & Johnson, 3M Company, Medtronic Inc., EssilorLuxottica SA, Siemens Healthineers, Fresenius Medical Care AG & Co. KGaA, Essity AB, Boston Scientific Corporation, Henry Schein Inc., B. Braun SE, Olympus Corporation, Zimmer Biomet Holdings Inc., Terumo Corporation, Intuitive Surgical Inc., Smith & Nephew plc, Dentsply Sirona, Cadence, Coloplast A/S, Paul Hartmann AG, Mölnlycke Health Care, ConvaTec Group Plc, Integra lifeSciences, Lohmann & Rauscher, CONMED Corporation, Acelity, Frankenman International Limited, Human Biosciences Inc., Urgo Medical, Meril Life Science Pvt. Ltd., Danaher Corporation

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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the global wound care devices market in 2023. North America was the second largest region in the global wound care devices market. Africa. was the smallest region in the global wound care devices market. The regions covered in the wound care devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Wound Care Devices Market Report Structure
3. Wound Care Devices Market Trends And Strategies
4. Wound Care Devices Market - Macro Economic Scenario
5. Wound Care Devices Market Size And Growth
…..
27. Wound Care Devices Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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