GVR Report cover 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, 2022 - 2030

  • Report ID: GVR-4-68039-125-9
  • Number of Pages: 75
  • Format: Electronic (PDF)
  • Historical Range: 2017 - 2020
  • Industry: Healthcare

Report Overview

The U.S. wound care centers market size was valued at USD 13.5 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.87% from 2022 to 2030. The increasing prevalence of chronic injuries in the geriatric population and the growing demand for outpatient services is expected to drive the growth 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.

U.S. wound care centers market size, by procedure, 2022 - 2030 (USD Billion)

The demand for wound care services has been on the rise. According to an article published in Advances in Wound Care, in February 2019, around 2% of the U.S. population was affected by chronic wounds. Pressure alone, or in combination with friction, results in Pressure Ulcers (PUs), which cost more than USD 11 billion annually in the U.S., according to the Agency for Health Research and Quality (AHRQ). Another major type of wound is venous ulcer, which contributes to around 70% of total lower extremity ulcers, resulting from chronic venous insufficiency.

The rise of the wound and tissue management industry in the U.S. is due to a number of factors. The demographic structure of the population is a major growth factor. In 2021, 16.9% of the population will be 65 years old or older by 2030, this percentage is predicted to reach around 20%. Venous leg ulcers will affect 3-6 percent of this group, according to estimates. The costs of treatment for these people will add to the already large healthcare industry in the U.S.

There are reimbursement codes specific to products, diagnoses, and procedures/services, which are generally updated on an annual basis. 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.

 

COVID-19 U.S. Wound Care Centers Market Impact: 2.2% increase from 2020 to 2021

Pandemic Impact

Post-COVID Outlook

The wound care centers market in the U.S. was severely impacted during the first half of the pandemic. The government redirected healthcare resources to clinics, including beds, nurses, and other essential employees, to better manage COVID-19 patients. Thus, wound care treatment was removed from the list of essential procedures.

Post COVID-19 new services emerged during the later phase of the pandemic. For eligible cases, home health services are arranged with the clinician (face-to-face or virtual visit). The treating clinician directs the care of the case and reorders any inventories that are demanded through the home health nurse.

According to the data published by Tissue Analytics, collected from the U.S. wound clinics, a year-on-year weekly reduction of 5% was observed in early March 2020, which increased to 25% as of April 17, 2020. Some centers worked at full capacity and, in many cases, were overbooked to compensate for the high appointment cancellation rate.

As a result of the COVID-19 pandemic, service providers are launching videos to assist in processes such as changing wound dressings and implementing other telehealth initiatives to attract patients and reduce the load on wound care clinics.

 

Other initiatives implemented by providers include the deployment of multidisciplinary wound care teams consisting of infectious disease specialists, nurses, vascular specialists, podiatrists, orthotists/prosthetists, nutritionists, plastic surgeons, and pharmacists to enhance wound care outcomes. This is owing to the delivery of specialized wound care in combination with the adoption of established and standardized wound care management protocols & programs.

Procedure Insights

The Hyperbaric Oxygen Therapy (HBOT) segment dominated the U.S. wound care centers market and held the largest revenue share in 2021. 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.

U.S. wound care centers market share, by procedure, 2021 (%)

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 their patients. To attract patients by creating awareness regarding available wound care treatments, centers organize awareness programs.

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 states of Florida and California are anticipated to register the fastest growth in the wound care centers market.

The industry is also witnessing the launch of new centers, expansion of facilities, and inclusion of HBOT chambers. The availability of repayment and regulatory updates promotes the relinquishment of wound care treatment. For illustration, the CMS included reimbursement for HBOT for treating diabetic injuries in the lower extremities of patients. In June 2020, Natchitoches Regional Medical Center inaugurated a wound care center that includes four hyperbaric chambers. 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 prominent players in the U.S. wound care centers market include:

  • 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 2022

USD 13.8 billion

The revenue forecast in 2030

USD 20.2 billion

Growth Rate

CAGR of 4.87% from 2022 to 2030

The base year for estimation

2021

Historical data

2017 - 2020

Forecast period

2022 - 2030

Quantitative units

Revenue in USD billion and CAGR from 2022 to 2030

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 to up to 8 analyst’s working days) with purchase. Addition or alteration to country, regional, and segment scope.

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U.S. Wound Care Centers Market Segmentation

This report forecasts revenue growth at country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the U.S. wound care centers market based on procedure:

  • Procedure Outlook (Revenue, USD Billion, 2017 - 2030)

    • Debridement

    • Negative pressure wound therapy

    • Compression therapy

    • Hyperbaric oxygen therapy

    • Specialized dressings

    • Infection control and Others

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