Report Description

Global Wound Treatment Market is expected to grow at an impressive rate during the forecast period on account of the increasing awareness of the importance of wound care and advances in wound treatment technologies. Over the years, the global wound treatment market has witnessed significant growth on account of the increasing incidences of chronic wounds and development of new and innovative wound care products.  For example, the use of stem cells in wound healing is an area of intense research, with many companies developing stem cell-based wound care products. Other advances in wound care technology include the development of 3D-printed wound dressings, smart dressings that can monitor wound healing, and wound closure devices that use bioadhesives.

The wound treatment market is also being driven by the increasing use of wound care products in surgical procedures. Advances in wound care technology have made it possible to use wound care products to improve outcomes in surgical procedures, leading to an increase in the use of these products in the operating room.

Increasing Incidence of Chronic Wounds

The chronic wounds are a major driver of the global wound treatment market, accounting for a significant portion of the total market. According to the Centers for Disease Control and Prevention (CDC), approximately 6.5 million people in the United States suffer from chronic wounds, and the annual cost of treating these wounds is estimated to be between USD28.1 billion and USD31.7 billion. The overall cost of wound management includes supplies and dressings, nursing time, and hospitalization. Changing the wound dressings again and again adds up to the overall cost of wound care, thereby creating a need for development of more advanced wound treatment options, hence supporting the growth of global wound treatment market.

 


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Emerging Wound Treatment Techniques

The high cost of wound treatment using traditional methods has led to the development of new and innovative therapies such as cell-based treatments or skin substitutes or using wound dressings made up of biomaterials, among others.

Cells are an integral part of wound treatment, and their use has revolutionized the way we approach wound healing. Wounds are an open injury that breaks the skin or mucous membranes and can be caused by various factors such as trauma, surgery, or chronic diseases. The ability of the body to heal wounds is dependent on various factors such as the extent and location of the wound, the patient's health status, and the presence of any underlying medical conditions. Cells play a crucial role in the wound healing process by replacing the damaged tissue and promoting the growth of new tissue. They can be used in a variety of forms, including cell-based therapies, stem cells, and skin substitutes, to enhance the healing process. Cell-based therapies involve using living cells to promote healing and improve the function of the damaged tissue. These therapies are often used in chronic wounds, which fail to heal even after conventional wound care. Different types of cells, including fibroblasts, keratinocytes, and endothelial cells, can be used to promote wound healing. Fibroblasts are cells that produce collagen, a protein that gives strength and structure to tissues. Keratinocytes are cells that produce keratin, a protein that is an essential component of skin. Endothelial cells are cells that line the blood vessels and play a vital role in the formation of new blood vessels in the wound bed.

The use of cells in wound treatment has the potential to revolutionize the overall global wound treatment market. These therapies offer several advantages over traditional wound care methods and have the potential to significantly improve patient outcomes. As the field of regenerative medicine continues to evolve, the use of cells in wound treatment is likely to become increasingly common, offering new hope for patients suffering from chronic wounds and creating new prospects for the growth of global wound treatment market in the coming years.

Alternative Wound Treatment Therapies
Apart from the emerging wound treatments there are several alternative wound treatment therapies such as compression therapy, negative wound pressure therapy, hyperbaric oxygen therapy which are being used. These therapies are in turn expected to open new prospects for the growth of alternative wound treatment therapies market in the coming years. Compression therapy is used to treat wounds that have a tendency to bleed or are at risk of developing blood clots. This method involves applying pressure to the wound using compression bandages or stockings. Compression therapy is most appropriate for wounds that are on the limbs, such as venous ulcers and deep vein thrombosis. Negative pressure wound therapy is a more advanced form of wound treatment that is used for large, chronic wounds. This method involves applying a vacuum to the wound, which promotes healing by removing excess fluid and increasing blood flow. Negative pressure wound therapy is most appropriate for wounds that are not healing or are at risk of becoming infected.
Hyperbaric oxygen therapy is a specialized form of wound treatment that is used for wounds that are not healing due to poor blood flow. This method involves exposing the wound to high levels of oxygen, which promotes healing by increasing blood flow and promoting the growth of new tissue. Hyperbaric oxygen therapy is most appropriate for wounds that are large and chronic.

Market Segmentation

Global Wound Treatment Market can be segmented by therapy, by wound type, by application, by end user, and by region. Based on therapy, global wound treatment market can be categorized into instrumental based therapy, platelet therapy, cell therapy, and wound dressings. By wound type, the global wound treatment market can be segmented into subcutaneous abdominal wound, traumatic & infected wound, bilateral reduction mammaplasty, and others. In terms of application, global wound treatment market can be grouped into burns, ulcers, cuts & lacerations, and others. By end user, the global wound treatment market can be grouped into hospitals & clinics, ambulatory surgery centers, homecare, and others. Regionally, global wound treatment market can be categorized into North America, Europe, Asia Pacific, Middle East & Africa, and South America. The United States dominated the North America market in 2022 and overall global wound treatment market over other countries on account of rising patient pool in the country coupled with increasing geriatric population base who is at a higher risk of developing wounds. This in turn is expected to increase the demand for different wound care methods and products, thereby driving the growth of global wound treatment market. According to the Administration for Community Living, which includes the Administration on Aging, which is an operating division of the U.S. Department of Health and Human Services, the population aged 65 and above reached 54.1 million in 2019 from 39.6 million in 2009 and is projected to reach 94.7 million in 2060. By 2040, there will be about 80.8 million older persons, more than twice as many as in 2000. The growing geriatric population will support the growth of global wound treatment market in the coming years. However, Asia Pacific region is expected to register the highest growth during the forecast period on account of increasing prevalence of various chronic diseases in the region especially in the highly populous countries of China and India.

 

Market Players

3M Company, ConvaTec Group PLC, Mölnlycke Health Care AB, Smith & Nephew plc, Organogenesis, Inc, Coloplast A/S, MiMedx Group, Inc., Integra LifeSciences Corporation, Johnson & Johnson, Medtronic Plc., among others are some of the leading players operating in the global wound treatment market.

Recent Developments

  • Mölnlycke Health Care AB in 2021 launched a new distribution center in the United Kingdom. This in turn will help the company strengthen its sales by increasing customer access to its products.
  • 3M Company in 2021 launched a new adhesive tape known as 3M Spunlace Extended Wear Adhesive Tape on Liner, 4576. This new product has wear time of around 21 days which helps in providing user compliance and health benefits while at the same time optimizing the cost of wound treatment.

Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments covered

By Therapy

By Wound Type

By Application

By End User

By Region

Regional scope

North America, Europe, Asia Pacific, South America, Middle East & Africa

Key companies profiled

3M Company, ConvaTec Group PLC, Mölnlycke Health Care AB, Smith & Nephew plc, Organogenesis, Inc, Coloplast A/S, MiMedx Group, Inc., Integra LifeSciences Corporation, Johnson & Johnson, Medtronic Plc.

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, Global Wound Treatment Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Wound Treatment Market, By Type:

o      Instrumental Based Therapy

o      Platelet Therapy

o      Cell Therapy

o      Wound Dressing

o      Others

Wound Treatment Market, By Wound Type:

o      Subcutaneous Abdominal Wound

o      Traumatic & Infected Wound

o      Bilateral Reduction Mammaplasty Wound

o      Others

Wound Treatment Market, By Application:

o      Burns

o      Ulcers

o      Cuts & Lacerations

o      Others

Wound Treatment Market, By End User:

o      Hospitals & Clinics

o      Ambulatory Surgery Centers

o      Homecare

o      Others

Wound Treatment Market, By Region:

o      North America

  • United States
  • Canada
  • Mexico

o      Europe

  • France
  • Germany
  • United Kingdom
  • Italy
  • Spain

o      Asia Pacific

  • China
  • India
  • Japan
  • South Korea
  • Australia

o      South America

  • Brazil
  • Argentina
  • Colombia

o      Middle East & Africa

  • South Africa
  • Saudi Arabia
  • UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Global Wound Treatment Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Wound Treatment Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.     Markets Covered

1.2.2.     Years Considered for Study

1.2.3.     Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validations

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Voice of Customer

5.    Clinical Trial Analysis

5.1.  Ongoing Clinical Trials

5.2.  Completed Clinical Trials

5.3.  Terminated Clinical Trials

5.4.  Breakdown of Pipeline, By Development Phase

5.5.  Breakdown of Pipeline, By Status

5.6.  Breakdown of Pipeline, By Study Type

5.7.  Breakdown of Pipeline, By Region

5.8.  Clinical Trials Heat Map

6.    Global Wound Treatment Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Therapy (Instrumental Based Therapy, Platelet Therapy, Cell Therapy, Wound Dressing, Others)

6.2.2.     By Wound Type (Subcutaneous Abdominal Wound, Traumatic & Infected

Wound, Bilateral Reduction Mammaplasty Wound, Others)

6.2.3.     By Application (Burns, Ulcers, Cuts & Lacerations, Others)

6.2.4.     By End User (Hospitals & Clinics, Ambulatory Surgery Centers, Homecare, Others) 

6.2.5.     By Region

6.2.6.     By Company (2022)

6.3.  Product Map

5.3.1 By   Therapy

5.3.2 By   Wound Type

5.3.4 By   Application

5.3.5 By   End User

5.3.6 By   Region

7.    North America Wound Treatment Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Therapy

7.2.2.     By Wound Type

7.2.3.     By Application

7.2.4.     By End User

7.2.5.     By Country

7.3.  North America: Country Analysis

7.3.1.     United States Wound Treatment Market Outlook

7.3.1.1.         Market Size & Forecast

7.3.1.1.1.             By Value

7.3.1.2.         Market Share & Forecast

7.3.1.2.1.             By Therapy

7.3.1.2.2.             By Wound Type

7.3.1.2.3.             By Application

7.3.1.2.4.             By End User

7.3.2.     Canada Wound Treatment Market Outlook

7.3.2.1.         Market Size & Forecast

7.3.2.1.1.             By Value

7.3.2.2.         Market Share & Forecast

7.3.2.2.1.             By Therapy

7.3.2.2.2.             By Wound Type

7.3.2.2.3.             By Application

7.3.2.2.4.             By End User

7.3.3.     Mexico Wound Treatment Market Outlook

7.3.3.1.         Market Size & Forecast

7.3.3.1.1.             By Value

7.3.3.2.         Market Share & Forecast

7.3.3.2.1.             By Therapy

7.3.3.2.2.             By Wound Type

7.3.3.2.3.             By Application

7.3.3.2.4.             By End User

8.    Europe Wound Treatment Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Therapy

8.2.2.     By Wound Type

8.2.3.     By Application

8.2.4.     By End User

8.2.5.     By Country

8.3.  Europe: Country Analysis

8.3.1.     France Wound Treatment Market Outlook

8.3.1.1.         Market Size & Forecast

8.3.1.1.1.             By Value

8.3.1.2.         Market Share & Forecast

8.3.1.2.1.             By Therapy

8.3.1.2.2.             By Wound Type

8.3.1.2.3.             By Application

8.3.1.2.4.             By End User

8.3.2.     Germany Wound Treatment Market Outlook

8.3.2.1.         Market Size & Forecast

8.3.2.1.1.             By Value

8.3.2.2.         Market Share & Forecast

8.3.2.2.1.             By Therapy

8.3.2.2.2.             By Wound Type

8.3.2.2.3.             By Application

8.3.2.2.4.             By End User

8.3.3.     United Kingdom Wound Treatment Market Outlook

8.3.3.1.         Market Size & Forecast

8.3.3.1.1.             By Value

8.3.3.2.         Market Share & Forecasty

8.3.3.2.1.             By Therapy

8.3.3.2.2.             By Wound Type

8.3.3.2.3.             By Application

8.3.3.2.4.             By End User

8.3.4.     Italy Wound Treatment Market Outlook

8.3.4.1.         Market Size & Forecast

8.3.4.1.1.             By Value

8.3.4.2.         Market Share & Forecast

8.3.4.2.1.             By Therapy

8.3.4.2.2.             By Wound Type

8.3.4.2.3.             By Application

8.3.4.2.4.             By End User

8.3.5.     Spain Wound Treatment Market Outlook

8.3.5.1.         Market Size & Forecast

8.3.5.1.1.             By Value

8.3.5.2.         Market Share & Forecast

8.3.5.2.1.             By Therapy

8.3.5.2.2.             By Wound Type

8.3.5.2.3.             By Application

8.3.5.2.4.             By End User

9.    Asia-Pacific Wound Treatment Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Therapy

9.2.2.     By Wound Type

9.2.3.     By Application

9.2.4.     By End User

9.2.5.     By Country

9.3.  Asia-Pacific: Country Analysis

9.3.1.     China Wound Treatment Market Outlook

9.3.1.1.         Market Size & Forecast

9.3.1.1.1.             By Value

9.3.1.2.         Market Share & Forecast

9.3.1.2.1.             By Therapy

9.3.1.2.2.             By Wound Type

9.3.1.2.3.             By Application

9.3.1.2.4.             By End User

9.3.2.     India Wound Treatment Market Outlook

9.3.2.1.         Market Size & Forecast

9.3.2.1.1.             By Value

9.3.2.2.         Market Share & Forecast

9.3.2.2.1.             By Therapy

9.3.2.2.2.             By Wound Type

9.3.2.2.3.             By Application

9.3.2.2.4.             By End User

9.3.3.     Japan Wound Treatment Market Outlook

9.3.3.1.         Market Size & Forecast

9.3.3.1.1.             By Value

9.3.3.2.         Market Share & Forecast

9.3.3.2.1.             By Therapy

9.3.3.2.2.             By Wound Type

9.3.3.2.3.             By Application

9.3.3.2.4.             By End User

9.3.4.     South Korea Wound Treatment Market Outlook

9.3.4.1.         Market Size & Forecast

9.3.4.1.1.             By Value

9.3.4.2.         Market Share & Forecast

9.3.4.2.1.             By Therapy

9.3.4.2.2.             By Wound Type

9.3.4.2.3.             By Application

9.3.4.2.4.             By End User

9.3.5.     Australia Wound Treatment Market Outlook

9.3.5.1.         Market Size & Forecast

9.3.5.1.1.             By Value

9.3.5.2.         Market Share & Forecast

9.3.5.2.1.             By Therapy

9.3.5.2.2.             By Wound Type

9.3.5.2.3.             By Application

9.3.5.2.4.             By End User

10.  South America Wound Treatment Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value

10.2.              Market Share & Forecast

10.2.1.  By Therapy

10.2.2.  By Wound Type

10.2.3.  By Application

10.2.4.  By End User

10.2.5.  By Country

10.3.              South America: Country Analysis

10.3.1.  Brazil Wound Treatment Market Outlook

10.3.1.1.      Market Size & Forecast

10.3.1.1.1.           By Value

10.3.1.2.      Market Share & Forecast

10.3.1.2.1.           By Therapy

10.3.1.2.2.           By Wound Type

10.3.1.2.3.           By Application

10.3.1.2.4.           By End User

10.3.2.  Argentina Wound Treatment Market Outlook

10.3.2.1.      Market Size & Forecast

10.3.2.1.1.           By Value

10.3.2.2.      Market Share & Forecast

10.3.2.2.1.           By Therapy

10.3.2.2.2.           By Wound Type

10.3.2.2.3.           By Application

10.3.2.2.4.           By End User

10.3.3.  Colombia Wound Treatment Market Outlook

10.3.3.1.      Market Size & Forecast

10.3.3.1.1.           By Value

10.3.3.2.      Market Share & Forecast

10.3.3.2.1.           By Therapy

10.3.3.2.2.           By Wound Type

10.3.3.2.3.           By Application

10.3.3.2.4.           By End User

11.  Middle East and Africa Wound Treatment Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Value

11.2.              Market Share & Forecast

11.2.1.  By Therapy

11.2.2.  By Wound Type

11.2.3.  By Application

11.2.4.  By End User

11.2.5.  By Country

11.3.              MEA: Country Analysis

11.3.1.  South Africa Wound Treatment Market Outlook

11.3.1.1.      Market Size & Forecast

11.3.1.1.1.           By Value

11.3.1.2.      Market Share & Forecast

11.3.1.2.1.           By Therapy

11.3.1.2.2.           By Wound Type

11.3.1.2.3.           By Application

11.3.1.2.4.           By End User

11.3.2.  Saudi Arabia Wound Treatment Market Outlook

11.3.2.1.      Market Size & Forecast

11.3.2.1.1.           By Value

11.3.2.2.      Market Share & Forecast

11.3.2.2.1.           By Therapy

11.3.2.2.2.           By Wound Type

11.3.2.2.3.           By Application

11.3.2.2.4.           By End User

11.3.3.  UAE Wound Treatment Market Outlook

11.3.3.1.      Market Size & Forecast

11.3.3.1.1.           By Value

11.3.3.2.      Market Share & Forecast

11.3.3.2.1.           By Therapy

11.3.3.2.2.           By Wound Type

11.3.3.2.3.           By Application

11.3.3.2.4.           By End User

12.  Market Dynamics

12.1.              Drivers

12.2.              Challenges

13.  Market Trends & Developments

13.1.              Recent Development

13.2.              Mergers & Acquisitions

13.3.              Product Launches

14.  Global Wound Treatment Market: SWOT Analysis

15.  Porter’s Five Forces Analysis

15.1.              Competition in the Industry

15.2.              Potential of New Entrants

15.3.              Power of Suppliers

15.4.              Power of Customers

15.5.              Threat of Substitute Products

16.  Competitive Landscape

16.1.              Business Overview

16.2.              Product Offerings

16.3.              Recent Developments

16.4.              Financials (As Reported)

16.5.              Key Personnel

16.5.1.  3M Company

16.5.2.  ConvaTec Group PLC

16.5.3.  Mölnlycke Health Care AB

16.5.4.  Smith & Nephew plc

16.5.5.  Organogenesis, Inc

16.5.6.  Coloplast A/S.

16.5.7.  MiMedx Group, Inc.

16.5.8.  Integra LifeSciences Corporation

16.5.9.  Johnson & Johnson

16.5.10.                Medtronic Plc.

17.  Strategic Recommendations

Figures and Tables

Frequently asked questions

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Rise in incidence of chronic wounds, aging population susceptible to injuries and wounds,among others are some of the major factors influencing the growth of Global Wound Treatment market.

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3M Company, ConvaTec Group PLC, Mölnlycke Health Care AB, Smith & Nephew plc, Organogenesis, Inc, Coloplast A/S, MiMedx Group, Inc., Integra LifeSciences Corporation, Johnson & Johnson, Medtronic Plc, among others are some of the leading players operating in the Global Wound Treatment Market.

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By Therapy, the Global Wound Treatment Market can be categorized into instrumental based therapy, platelet therapy, cell therapy, and wound dressing. The wound dressing is expected to dominate the market in the coming years on account of their easy availability and low cost.

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North America is expected to account highest share in the Global Wound Treatment Market due to the increasing prevalence of chronic wounds, the growing demand for advanced wound care products, and the high healthcare spending in the region.

profile

Sakshi Bajaal

Business Consultant
Press Release

Platelet Therapy to register highest growth in the Wound Treatment Market through 2028

Feb, 2023

Increased demand for treatment of acute and chronic wounds is expected to drive the growth of Global Wound Treatment Market in the forecast period.