Acute Wound Care Market Size, Share & Trends Analysis Report By Product (Advanced Wound Dressing, Surgical Wound Care), By Application, By End-use, By Region, And Segment Forecasts, 2022 - 2030

Report Overview

The global acute wound care market size was valued at USD 8.25 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.24% from 2022 to 2030. The increase in demand for acute wound care products can be accredited to a rise in the number of surgical cases globally. For instance, according to the American Society of Plastic Surgeons, approximately 15.6 million cosmetic procedures were performed in the year 2020. Similarly, as per Eurostat, 1.16 million cesarean surgical procedures were conducted in the year 2018 in the European Union. As acute wound products help in healing surgical wounds, the market is expected to grow over the forecast period.

Additionally, a rise in traumatic accidents such as crush injuries and assaults is expected to drive the market. For instance, according to the WHO, around 3.16 million people die due to unintentional injuries, whereas, violence-related injuries lead to the death of approximately 1.25 million people every year. Moreover, as per a similar source, tens of millions of people suffer from non-fatal injuries every year, which lands them in the emergency department for acute care. Thus, as a result of the aforementioned factors, the market is expected to witness growth over the forecast period.

Moreover, the number of accidents has been increasing globally. For instance, as per the International Labor Organization, every year, more than 2.3 million people globally witness work-related accidents, leading to around 6,000 deaths every day. Furthermore, according to a similar source, approximately 340 million occupational accidents are calculated every year globally. Similarly, the number of road accidents is increasing worldwide. For instance, as per the road safety annual report, 2020 by International Transport Forum, an estimated 1.35 million people die globally due to road accidents, whereas, around 20-50 million people sustain serious injuries. Hence, the use of acute wound care products is predicted to increase, thereby impelling the market growth over the forecast period.

Additionally, the rising incidence of various burn injuries may help the market grow. For instance, according to ebmedicine.net, about 265,000 people die of thermal burns globally. Similarly, as per the NCBI, an estimated 450,000 people receive burn treatment every year. 86% of burns are thermal burns, 3% are chemical burns, 4% are electric burns, and 7% are other burns. Thus, due to the above-mentioned factors, the market is estimated to grow over the forecast period.

The COVID-19 pandemic had a slightly negative impact on the market. This can be accredited to the decrease in the number of road accidents during the COVID-19 pandemic period. However, with ease in restrictions and lifting of lockdown impositions, the demand for acute wound care products is expected to rise. Therefore, to cope with the rising demand for acute wound care products, the market players are undergoing strategic initiatives such as product launches, conducting awareness programs, geographic expansion, and mergers & acquisitions. For instance, in March 2022, Cardinal Health announced a plan to expand its global medical distribution network and build a medical distribution center in Ohio. Similarly, in February 2021, Axio Biosolutions received CE certification for its wound care product. Thus, as a result of the above-mentioned and similar instances, the market may grow during the post-pandemic period.

Product Insights

The advanced wound dressing segment dominated the market with a revenue share of over 30.0% in 2021. This can be credited to the rising burn incidences and advantages of advanced wound dressing. For instance, according to the latest update by the NCBI, in the U.S., approximately, 500,000 people suffer from burn injuries annually. Moreover, as per a similar source, the overall healing rate was 33% when advanced dressings were used, demonstrating that they are more effective. Moreover, the advanced wound dressing can be kept unchanged for a longer period and it provides a more sterile environment, which promotes healing. These factors are expected to aid the market growth.

The surgical wound care segment is projected to register a CAGR of 4.37% over the forecast period. The global rise in the number of surgical cases is expected to impel market growth. For instance, according to the Texas Heart Institute, an estimated 200,000 bypass surgeries are performed alone in the U.S. Similarly, as per the Aesthetics Society, around 296,601 liposuctions; 252,022 breast augmentation; and 163,073 abdominoplasties topped the surgical procedures in the year 2020.  Therefore, as the rate of surgical procedures is increasing, the demand for acute wound care is anticipated to increase, thereby boosting the growth of the market.

Application Insights

The surgical and traumatic wound segment dominated the market with a revenue share of over 75.0% in 2021. The rising number of surgical site infections is the major driver for the segment. Surgical wounds majorly occur due to SSIs, thus rising incidence rate of surgical site infections is predicted to boost the segment growth. For instance, as per a study conducted by Wounds International, the incidence rate of SSI in general surgery was found to be 11.7%, which led to the re-admission of 19.2% of patients during the study period. Moreover, the incidence rate of non-fatal injury, which requires medical attention, has increased in the U.S. For instance, according to the data from the CDC, the incidence rate, which was calculated to be 517,249 in 2015, increased to 534,249 in the year 2017. Thus, such instances are expected to propel the segment growth over the forecast period.

The burns segment is anticipated to expand at a growth rate of 4.02% over the forecast years. Increasing cases of burn injuries across the globe are fueling the segment growth. It is estimated that around 50.0% of people globally are exposed to fire-related trauma, among which 90.0% of the cases occur in middle and low-income countries. Moreover, there have been technological advancements in the market to cure burn marks. For instance, the development of a coconut patch by PatchMed Cosmetics in the Philippines to cure burns has helped people soothe burn marks, thus boosting the segment growth.

End-use Insights

The hospitals segment dominated the market with a revenue share of over 45.0% in 2021. This can be accredited to the rising hospitalization and increasing incidence of surgical site infections in the hospitals. For instance, as per a study by BioMed Central Ltd., in India, the prevalence rate of surgical site infections in public hospitals was calculated to be 13.4%, whereas, the same was calculated to be 6.5% in private hospitals. The overall prevalence rate of SSIs in the hospitals was calculated to be 9.9%. Surgical site infections are acute wounds, thus, as a result of the increasing SSIs in hospitals, the segment is anticipated to witness growth over the forecast period.

The home healthcare segment is projected to register the fastest growth rate of 4.90% over the forecast period. The rising geriatric population, along with increased treatment costs in hospitals and ambulatory surgical centers, is expected to fuel the demand for home healthcare practice. For instance, according to stats by the Australian Institute of Health and Welfare, as of June 2020, the geriatric population in Australia tallied up to 4.2 million, which is 16% of the total Australian population. Moreover, according to a report by The Commonwealth Fund, the ‘hospital at home’ program helps patients receive acute care with approximately 30% reduction in treatment cost compared to hospitals.  

Regional Insights

North America dominated the market and accounted for a revenue share of over 45.0% in 2021. The growth can be attributed to factors such as the presence of several key market players in this region, growing demand for high-quality healthcare services, well-established healthcare infrastructure, and favorable reimbursement policies and regulatory reforms in the healthcare sector. Additionally, the rising geriatric population in this region is expected to raise the demand for acute wound care products. For instance, as per Statistics Canada, as of July 2021, people aged above 65+ were estimated to be 7,081,792. Similarly, people aged above 65 in the U.S. were calculated to be 54.1 million in 2019. The geriatric population is more susceptible to wounds, thus the rising geriatric population may boost the market growth in the North American region.

Asia Pacific is projected to register the fastest growth rate of 4.88% over the forecast period. The growth can be accredited to the rising population, road accidents, and increasing surgical procedures in this region. For instance, as per an article by Springer, in Japan, approximately 530,701 surgeries were scheduled in the year 2020. Similarly, with a rise in the number of surgeries, the risk of getting surgical site infections has increased. For instance, as per the Journal of Surgery and Surgical Research, the global estimates for surgical site infections in India have consistently increased and have ranged between 23% - 38%. Therefore, as a result of the above-mentioned factors, the market is estimated to grow in the Asia Pacific region.

Key Companies & Market Share Insights

Key players are involved in adopting strategies such as mergers and acquisitions, partnerships, and new product launches to strengthen their foothold in the market. For instance, in January 2021, Smith & Nephew announced a new publication that claims that its PICO Single Use Negative Pressure Wound Therapy System reduces the odds of surgical site infections by 63%. This would help healthcare providers provide better treatment to their patients. Key players are investing significantly in research and development to manufacture technologically advanced products. Some prominent players in the global acute wound care market include:

• 3M

• Coloplast Corp.

• Medline Industries

• Smith & Nephew

• Medtronic

• ConvaTec Group PLC

• Derma Sciences (Integra LifeSciences)

• Ethicon (Johnson & Johnson)

• Baxter International

• Molnlycke Health Care AB

Acute Wound Care Market Report Scope

Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the global acute wound care market report on the basis of product, application, end-use, and region:

• Product Outlook (Revenue, USD Million, 2018 - 2030)

  • Advanced Wound Dressing

    • Foam Dressing

    • Hydrocolloid Dressing

    • Film Dressing

    • Alginate Dressing

    • Hydrogel Dressing

    • Collagen Dressing

    • Other Advanced Dressing

  • Surgical Wound Care

    • Sutures & Staples

    • Tissue Adhesive & Sealants

    • Anti-infective Dressing

  • Traditional Wound Care

    • Medical Tapes

    • Cleansing Agents

    • Others

  • Wound Therapy Devices

    • Negative Pressure Wound Therapy

    • Oxygen and Hyperbaric Oxygen Equipment

    • Electric Stimulation Devices

    • Pressure Relief Devices

• Application Outlook (Revenue, USD Million, 2018 - 2030)

  • Acute Wounds

    • Surgical & Traumatic Wounds

    • Burns

• End-use Outlook (Revenue, USD Million, 2018 - 2030)

  • Hospitals

  • Specialty Clinics

  • Home Healthcare

  • Others

• Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

    • France

    • Italy

    • Spain

  • Asia Pacific

    • Japan

    • China

    • India

    • Australia

    • South Korea

  • Latin America

    • Brazil

    • Mexico

    • Argentina

    • Colombia

  • Middle East & Africa

    • South Africa

    • Saudi Arabia

    • UAE