Traditional Wound Management Market Size, Share & Trends Report

Traditional Wound Management Market Size, Share & Trends Analysis Report By Product (Gauze, Tapes, Cotton), By Application, By End-use (Hospitals, Clinics, Home Healthcare), By Region, And Segment Forecasts, 2021 - 2028

  • Published Date: Feb, 2021
  • Base Year for Estimate: 2020
  • Report ID: GVR-3-68038-478-9
  • Format: Electronic (PDF)
  • Historical Data: 2016 - 2019
  • Number of Pages: 90

Report Overview

The global traditional wound management market size was valued at USD 5.8 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 3.7% from 2021 to 2028. The growth of the market is owing to the increasing number of accidents, rising number of Ambulatory Surgical Centers (ASCs), and an increase in the incidences of chronic diseases across the globe. ASCs offer a variety of services such as surgical care, diagnostics, and preventive procedures. Surgeries for pain management, urology, orthopedics, Gastro-Intestinal (GI) related surgeries, and restorative, reconstructive, or alterative plastic surgeries are also performed in ambulatory surgery centers.

U.S. traditional wound management market size, by product, 2016 - 2028 (USD Billion)

Earlier, ASCs were only capable of performing GI-related minor surgeries; however, with an increase in the number of minimally invasive surgical procedures, services offered by ambulatory surgical centers expanded and grew exponentially. According to the U.S. Department of Health and Human Services (HHS) data records of 2014, there were 17.2 million hospital visits. These included invasive, therapeutic surgeries, and ambulatory surgeries. Around 9.94 million (57.8%) of these surgeries occurred in hospital-owned ambulatory surgery settings and the remaining 7.26 million surgeries (42.2%) were conducted in hospitals.

Due to the rising number of ASCs and the cost-effective services provided by these centers, the number of surgeries and treatments is expected to increase. In addition, favorable reimbursement coverages are being provided with regard to services provided by ASCs. The chances of contracting post-surgical, hospital-related infections are also reduced. ASCs also provide specific instructions to patients regarding dressings and post-surgical homecare. Thus, with an increase in the number of ASCs and the number of surgeries being performed, demand for traditional wound management products is expected to increase.

The increasing number of accidents such as road accidents, burns, and trauma events across the globe is anticipated to drive the market. For instance, as per WHO (2018), around 1,000,000 people are severely or moderately burnt in India per year. In addition, as per NCBI, in 2017, countries such as Bulgaria, Finland, the Netherlands, China, Australia, and the U.K. reported a rise in the incidence of burn wounds. Furthermore, as per the American Association for the Surgery of Trauma, in 2017, around 1.2 million people died globally, accounting for deaths of around 3,242 people per day in road accidents every year. Therefore, such instances are anticipated to surge the demand for traditional wound management products, thereby propelling the market growth.

Gauze, tape, and bandages are majorly used for the primary dressing and treatment of acute wounds. Cotton-based bandages are generally not used for burn wounds, but in some cases, these are used for superficial and minor burns. Thus, a rising number of accidents is expected to boost the demand for traditional wound management products, which is expected to drive the market over the forecast period.

Product Insights

The gauze segment dominated the market for traditional wound management and accounted for the largest revenue share of around 49.0% in 2020. The segment is expected to witness considerable growth over the forecast period. Gauze bandages are versatile, thin, breathable fabric, and woven bandages that are directly applied to the wounds. It helps to keep the wounds clean and allows rapid healing. Increasing cases of acute and chronic wounds across the globe are the key driving factor for the segment growth as gauze bandages are majorly used as a primary dressing for these wounds.

The tapes segment is anticipated to witness the fastest growth rate over the forecast period. Tapes are majorly used along with medical bandages. Fabric tape, paper tape, and plastic tape are the most commonly used tapes. These are widely used in hospitals, specialty clinics, and home healthcare settings. The increasing cases of chronic wounds, burns, and trauma are the major factors driving the market. Since, tapes are one of the essential requirements for wound dressing, thus rising cases of chronic and acute wounds are anticipated to surge segment growth over the forecast period.

Application Insights

The acute wounds segment dominated the market and accounted for the largest revenue share of 59.9% in 2020. The surgical and traumatic acute wounds segment dominated the market and held the largest revenue share in 2020 owing to the increasing cases of trauma across the globe. The burns segment is anticipated to witness the fastest growth rate over the forecast period owing to the rising incidence of burn injuries. As per the report published by Swift Medical Inc. in 2018, every year more than 305.0 million burn and traumatic wounds are reported and treated worldwide.

Chronic wounds are anticipated to witness the fastest growth over the forecast period. The increasing cases of chronic diseases, especially diabetes, and the rising geriatric population across the globe are the major driving factors for the segment growth. For instance, as per the United States Census Bureau, the number of people aged 65 or older, grew by 1.6 million from 2015 to 2016. The segment is further subdivided into diabetic foot ulcers, pressure ulcers, venous leg ulcers, and others.

End-use Insights

The hospitals' segment dominated the market and held the largest revenue share of 45.4% in 2020.  The increasing cases of diabetic foot ulcers and venous leg ulcers are the major driving factors for the segment. In addition, increasing cases of surgical wounds due to the rising number of surgeries is also driving the growth of the segment. Traditional wound management dressings are generally used for the primary dressing of SSI wounds. Thus, such factors may surge segment growth over the forecast period.

Global traditional wound management market share, by end-use, 2020 (%)

The home healthcare segment is anticipated to witness the fastest growth over the forecast period. Most of the surgeries require a prolonged recovery period, leading to frequent changing of dressings. Thus, the demand for traditional wound management products in-home healthcare setting is increasing. Moreover, geriatric and bariatric population and patients suffering from chronic wounds prefer homecare over hospital stay.

Regional Insights

North America dominated the market and accounted for the largest revenue share of 45.3% in 2020. The increasing cases of sports injuries, road accidents, and rising incidence of chronic diseases in the region are anticipated to drive the market in the region. In addition, the improvement in healthcare infrastructure is also expected to drive the market over the forecast period.

In Asia Pacific, the market is anticipated to witness the fastest growth over the forecast period. Increasing cases of chronic diseases, especially diabetes, are expected to surge market growth over the forecast period. For instance, as per the American Diabetes Association, in 2018 the product 2 diabetes (T2D) in China has increased rapidly and has become one of the leading public health concerns in China. Thus, such an instance is anticipated to propel the demand for traditional wound management products.

Key Companies & Market Share Insights

Key players are involved in adopting strategies such as mergers and acquisitions, product launches, and partnerships to strengthen their position in the market. In February 2016, Mölnlycke Healthcare acquired Sundance Solutions, a market leader in developing innovative solutions for the prevention of pressure ulcers. Such initiative is expected to expand its product range for the treatment of pressure ulcers, thus increasing its market share. Some of the prominent players in the traditional wound management market include:

  • B.Braun Melsungen AG

  • Johnson & Johnson Pvt. Ltd.

  • Medtronic PLC

  • Smith & Nephew

  • PAUL HARTMANN AG

  • Cardinal Health

  • Mölnlycke Health Care AB

  • Derma Sciences Inc.

  • Medline Industries, Inc.

  • BSN Medical

Traditional Wound Management Market Report Scope

Report Attribute

Details

Market size value in 2021

USD 6.0 billion

Revenue forecast in 2028

USD 7.7 billion

Growth Rate

CAGR of 3.7% from 2021 to 2028

Base year for estimation

2020

Historical data

2016 - 2019

Forecast period

2021 - 2028

Quantitative units

Revenue in USD million and CAGR from 2021 to 2028

Report coverage

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

Segments covered

Product, application, end-use, region

Regional scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa (MEA)

Country scope

U.S.; Canada; U.K.; Germany; Japan; China; Brazil; Mexico; South Africa; Saudi Arabia

Key companies profiled

BSN Medical; Medline Industries, Inc.; Derma Sciences Inc.; Mölnlycke Health Care AB; Cardinal Health; PAUL HARTMANN AG; Smith & Nephew; Medtronic Plc; Johnson & Johnson Pvt. Ltd.; B.Braun Melsungen AG  

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Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2028. For the purpose of this study, Grand View Research has segmented the global traditional wound management market report on the basis of product, application, end-use, and region:

  • Product Outlook (Revenue, USD Million, 2016 - 2028)

    • Gauze

    • Tape

    • Bandages

    • Cotton

  • Application Outlook (Revenue, USD Million, 2016 - 2028)

    • Chronic Wounds

      • Diabetic Foot Ulcers

      • Pressure Ulcers

      • Venous Leg Ulcers

      • Other Chronic Wounds

    • Acute Wounds

      • Surgical & Traumatic Wounds

      • Burns

  • End-use Outlook (Revenue, USD Million, 2016 - 2028)

    • Hospitals

    • Clinics

    • Home Healthcare

    • Others

  • Regional Outlook (Revenue, USD Million, 2016 - 2028)

    • North America

      • U.S.

      • Canada

    • Europe

      • Germany

      • U.K.

    • Asia Pacific

      • Japan

      • China

    • Latin America

      • Brazil

      • Mexico

    • Middle East & Africa

      • South Africa

      • Saudi Arabia

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