The U.S. wound care centers market size was valued at USD 13.2 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4.3% from 2021 to 2028. The increasing prevalence of chronic injuries in the geriatric population and the growing demand for outpatient services is expected to drive the growth of the market during the forecast period. In addition, the growing adoption of new technologies such as hyperbaric oxygen therapy for treating non-healing and chronic injuries is expected to result in an increased demand for wound care centers in the U.S.
In the pandemic, the healthcare providers are focusing on the development of resources to support self-care and shared care, avoiding the risk of infection in health professionals and patients. The caregivers are posting videos on changing dressings and the application of compression systems. Most wound care centers are open in the U.S., although operating part-time. However, many centers have observed a reduction in the volume of patients when compared to the same period last year.
There are reimbursement codes specific to products, diagnoses, and procedures/services, which are generally updated on an annual basis. In October 2015, the ICD-10-CM and ICD-10-PCS replaced ICD-9-CM and ICD-9-PCS, allowing care providers to include more details about the health status and promote public health surveillance across the U.S. The Centers for Medicare and Medicaid Services (CMS) has initiated the inclusion of tissue-based and/or cellular products for skin injuries into their application codes.
The CMS includes reimbursement for advanced therapies, such as hyperbaric oxygen therapy for diabetic injuries in lower extremities of patients, and injuries classified as Wagner grade III or higher. The CPT Codes 11042-11047, 97598, and 97597 are used for wound care billing. The availability of reimbursement and regulatory updates promotes the adoption of wound care treatment.
The Hyperbaric Oxygen Therapy (HBOT) segment dominated the U.S. wound care centers market and held the largest revenue share of around 30.0% in 2020. The segment is followed by debridement and specialized dressing procedures, in terms of revenue share. Effective outcomes with the use of hyperbaric oxygen therapy for chronic injuries such as diabetic foot ulcers and arterial ulcers are expected to aid the high demand for hyperbaric oxygen therapy from physicians.
Wound care centers provide care for various types of injuries, debridement of injuries with infections, HBOT for non-healing and chronic injuries, and specialized dressings. The centers are taking measures to make HBOT available to their patients, considering its effectiveness in healing chronic and non-chronic injuries.
Moreover, centers are adopting technologically advanced tools such as Electronic Medical Records (EMR), which help save time required for documentation and enable physicians to focus on the treatment and data analytical tools to provide evidence-based treatment to its patients. To attract patients by creating awareness regarding available wound care treatments, centers organize awareness programs. Owing to the COVID-19 pandemic, service providers are launching videos to assist in procedures, such as changing wound dressings and adopting other telehealth measures to attain growth by attracting patients and reducing the strain on wound care centers.
In terms of geographic presence, EmergeOrtho is present in 45 different locations in the U.S., followed by Baptist Health South Florida with 11 hospital facilities and Tower Wound Care Center with 7 centers. Healogics, Inc. has partnered with around 600 wound care centers, making it the service provider with the strongest geographic presence. Moreover, it has created a wound care database that enables it to provide evidence-based treatments to patients.
The industry is also witnessing the launch of new centers, expansion of facilities, and inclusion of HBOT chambers. In June 2020, Natchitoches Regional Medical Center inaugurated a wound care center that includes four hyperbaric chambers. Moreover, In January 2019, Schoolcraft Memorial Hospital planned a USD 10.0 million expansion of its facility to offer new services and support growth in older services. The new facility will include an outpatient specialty clinic providing services such as wound care, rehabilitation, and physical medicine. Some of the prominent players in the U.S. wound care centers market include:
Baptist Health South Florida
TOWER WOUND CARE CENTER
SNF Wound Care
Wound Care Center NYC
WOUND INSTITUTE OF AMERICA
EmergeOrtho
North Shore Health and Hyperbarics
Natchitoches Regional Medical Center
Schoolcraft Memorial Hospital
Clarion Hospital
Healogics, Inc.
Report Attribute |
Details |
Market size value in 2021 |
USD 13.4 billion |
Revenue forecast in 2028 |
USD 18.1 billion |
Growth Rate |
CAGR of 4.3% from 2021 to 2028 |
Base year for estimation |
2020 |
Historical data |
2016 - 2019 |
Forecast period |
2021 - 2028 |
Quantitative units |
Revenue in USD billion and CAGR from 2021 to 2028 |
Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
Segments covered |
Procedure |
Country scope |
U.S. |
Key companies profiled |
Baptist Health South Florida; TOWER WOUND CARE CENTER; SNF Wound Care; Wound Care Center NYC; WOUND INSTITUTE OF AMERICA; EmergeOrtho; North Shore Health and Hyperbarics; Natchitoches Regional Medical Center; Schoolcraft Memorial Hospital; Clarion Hospital; Healogics, Inc. |
Customization scope |
Free report customization (equivalent up to 8 analysts working days) 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 |
This report forecasts revenue growth at 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 U.S. wound care centers market based on procedure:
Procedure Outlook (Revenue, USD Million, 2016 - 2028)
Debridement
Negative pressure wound therapy
Compression therapy
Hyperbaric oxygen therapy
Specialized dressings
Infection control and Others
b. Some key players operating in the U.S. wound care centers market include Healogics, Inc.; Tower Wound Care Center; SNF Wound Care; Wound Care Center NYC; Wound Institute of America; EmergeOrtho; North Shore Health and Hyperbarics; Baptist Health South Florida; Natchitoches Regional Medical Center; Schoolcraft Memorial Hospital; Clarion Hospital.
b. Key factors that are driving the U.S. wound care centers market growth include the increasing prevalence of chronic wounds in the geriatric population and the growing demand for outpatient wound care services.
b. The U.S. wound care centers market size was estimated at USD 13.2 billion in 2020 and is expected to reach USD 13.4 billion in 2021.
b. The U.S. wound care centers market is expected to grow at a compound annual growth rate of 4.3% from 2021 to 2028 to reach USD 18.1 billion by 2028.
b. Hyperbaric oxygen therapy dominated the U.S. wound care centers market with a share of 30% in 2020. This is attributable to increasing awareness regarding the use of hyperbaric oxygen therapy for chronic wounds such as diabetic foot ulcers.
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