The incidence of chronic wounds is higher in the aging population, leading to increased expenditure on wound care and driving the growth of the U.S. wound care centers market. In 2018, Medicare spent USD 2.01 billion on severe wound care in urban areas, and the geriatric population grew by around 34.2% in the last decade, with the number of Americans aged 65 and older expected to double by 2060. Diabetic foot ulcers, a common issue for individuals with diabetes, can lead to leg amputation, with 14% to 24% of diabetes patients who develop foot ulcers undergoing an amputation. The International Diabetes Federation Diabetes Atlas 2022 projects a significant increase in the number of individuals living with diabetes in the U.S. by 2045, leading to a growing demand for efficient wound care. This demographic trend is anticipated to fuel the expansion of the wound care market, as a growing number of people with diabetes are likely to experience diabetic foot ulcers, necessitating increased access to quality wound care services.
The demand for wound care services is increasing due to the high incidence of chronic wounds, particularly in the geriatric population. Chronic wounds are the most common in this population group, with open wounds present in 3% of Americans over the age of 65. The U.S. government projects that there will be over 77 million geriatric people in the country by 2060, indicating that chronic wounds will continue to be a constant problem affecting this population group. Chronic wounds affect 2% of the population in the U.S., and more than 2.5 million people suffer from pressure sores each year, costing more than USD 11 billion annually. Venous ulcers are the most common form of leg ulcers, contributing to around 80% of total lower extremity ulcers, resulting from chronic venous insufficiency. In the U.S., up to 35% of the population suffers from chronic venous ulcers, which involve treatment expenditure of around USD 34,000 or more. The high incidence of various types of wounds results in high demand for wound treatment, thereby propelling the growth of the U.S. wound care centers market. The U.S. wound care market size was valued at USD 6.14 billion in 2022 and is projected to grow to USD 10.00 billion by 2030, exhibiting a CAGR of 6.3% during the forecast period. The market is segmented into advanced wound dressings, traditional wound care products, negative pressure wound therapy, bioactives, and others, with the acute wounds segment anticipated to exhibit lucrative growth during the forecast period. The hospitals segment is predicted to hold the largest share of the market. North America is the largest regional market for the wound care industry, accounting for the largest share of the global wound care market.
The cost of treating chronic wounds in the U.S. can be high due to the high price of sophisticated wound dressings, wound care devices, and bioactive compounds, coupled with the lack of reimbursement for these goods. According to a study, the estimated cost per patient for the treatment of hospital-acquired pressure ulcers ranges from USD 894.7 to USD 98,730.2. Furthermore, the cost of treating diabetic foot ulcers is also reported to be high, indicating that both the prevalence of diabetes and the cost of treating diabetic foot ulcers have significantly increased. The high cost of wound care products and lack of reimbursement can limit their use, despite the sizable patient population with chronic wounds in the U.S.
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Market drivers and restraints
Key market opportunities prioritized
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Market size, estimates, and forecast from 2018 to 2030
Market estimates and forecast for product segments up to 2030
Regional market size and forecast for product segments up to 2030
Market estimates and forecast for application segments up to 2030
Regional market size and forecast for application segments up to 2030
Company financial performance
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