The global wound care centers market size is expected to reach USD 56.1 billion by 2030, expanding at a CAGR of 3.6%, according to a new report by Grand View Research, Inc. Growing prevalence of diabetic ulcers on a global scale, along with rising number of sports-related injuries, is expected to drive the market over the forecast period. In addition, growing awareness regarding the use of modernized wound care products is propelling the market.
Increasing number of road accidents is also anticipated to augment market demand. According to the Global Status Report on Road Safety 2018, approximately 1.35 million individuals die in road accidents every year. Road mishaps is the 8th leading cause of death for individuals across all ages. This number is expected to grow three times higher in low-income economies as compared to high-income economies.
Significant cost of wound care management is hampering the growth of the market. Wound care comprises direct healthcare cost, cost of actual dressing, and cost of applying the dressing or treating systemic infections, if any. Moreover, use of other medications in healthcare centers contributes to wound care. Hence, all these factors are anticipated to result in a higher price for patients.
Growing prevalence of type 1 and type 2 diabetes is also augmenting the demand for advanced wound dressing products in healthcare centers. On a global scale, approximately 425 million people suffered from diabetes mellitus in 2017, according to the International Diabetes Federation, and this number is expected to cross 628 million patients by 2045. Hence, this growing prevalence of diabetes is an opportunity for players to focus on more advancements in wound care management in healthcare centers.
North America accounted for the largest share in the wound care centers market in 2022 and is expected to retain its lead in the future as well. This can be attributed to high disposable income of consumers for treating pressure ulcers in healthcare centers as well as growing number of research and development activities in the region. Asia Pacific is anticipated to register the fastest growth over the forecast period owing to growing geriatric population prone to various disorders. Moreover, growing number of surgeries, increasing healthcare expenditure, and rising patient awareness is driving the wound care centers market.
Request a free sample copy or view report summary: Wound Care Centers Market Report
By type, the hospital segment led the global market owing to well-established healthcare facilities and growing patient pool in developed economies
The clinics segment is expected to grow considerably over the forecast period owing to high preference by patients in order to avoid hospital-acquired infections
Specialized dressings held the largest share in the market in 2022 due to growing introduction of new and effective products, such as biological skin products, skin substitute, and other complex dressing products
Asia Pacific is anticipated to be the fastest growing segment owing to increasing number of surgeries, rising healthcare expenditure, and awareness regarding wound care management among patients
Grand View Research has segmented the global wound care centers market on the basis of type, procedure, and region:
Wound Care Centers Type Outlook (Revenue in USD Million, 2018 - 2030)
Wound Care Centers Procedure Outlook (Revenue in USD Million, 2018 - 2030)
Negative Pressure Wound Therapy
Hyperbaric Oxygen Therapy
Wound Care Centers Regional Outlook (Revenue in USD Million, 2018 - 2030)
Middle East and Africa
List of Key Players in Wound Care Centers Market
Wound Care Advantage, LLC
Wound Care Specialists, LLC
Systagenix Wound Management
Mölnlycke Health Care AB
GET A FREE SAMPLE
NEED A CUSTOM REPORT?
We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities.
Contact us now to get our best pricing.
"The quality of research they have done for us has been excellent..."