U.S. Wound Care Centers Market Size, Share & Trends Report

U.S. Wound Care Centers Market Size, Share & Trends Analysis Report By Procedure (Debridement, Negative Pressure Wound Therapy, Compression Therapy, Hyperbaric Oxygen Therapy), And Segment Forecasts, 2020 - 2027

  • Published Date: Sep, 2020
  • Base Year for Estimate: 2019
  • Report ID: GVR-4-68039-125-9
  • Format: Electronic (PDF)
  • Historical Data: 2016 - 2018
  • Number of Pages: 71

Report Overview

The U.S. wound care centers market size was valued at USD 13.0 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of around 3.7% from 2020 to 2027. 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.

The U.S. wound care centers market size

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.

Procedure Insights

The Hyperbaric Oxygen Therapy (HBOT) segment dominated the U.S. wound care centers market and held the largest market share of 30.4% in 2019. 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.

Key Companies & Market Share Insights

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.

U.S. Wound Care Centers Market Report Scope

Report Attribute

Details

Market size value in 2020

USD 13.2 billion

Revenue forecast in 2027

USD 17.0 billion

Growth rate

CAGR of 3.7% from 2020 to 2027

Base year for estimation

2019

Historical period

2016 - 2018

Forecast period

2020 - 2027

Quantitative units

Revenue in USD million and CAGR from 2016 to 2027

Report coverage

Revenue forecast, company position, 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.

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Segments Covered in the Report

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 2027. 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 - 2027)

    • Debridement

    • Negative pressure wound therapy

    • Compression therapy

    • Hyperbaric oxygen therapy

    • Specialized dressings

    • Infection control and Others

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