Published by mark itwired
Posted on October 4, 2021
5 min readLast updated: January 31, 2026
The advance wound care market is projected to grow at a 3.7% CAGR from 2021 to 2031, driven by rising chronic wound cases and increased adoption in hospitals.
According to a recent study by Future Market Insights (FMI), the advance wound care market is expected to grow from US$ 10.7 Bn in 2021 to US$ 15.4 Bn by 2031. The market is poised to expand at a CAGR of 3.7% over the forecast period (2021-2031).
Rising prevalence of chronic wounds has created a significant socioeconomic impact. The treatment of chronic wounds requires advance wound care therapies and generally takes long time to heal. The prevalence of diabetic ulcers is rising by 9% annually.
Growing patient pool for diabetic foot ulcer is increasing as compared to the available advance wound care management technologies. Currently, there are more than 4.5 million pressure ulcer patients in the world that require treatment.
More than 9.7 million venous ulcer patients and roughly 10.0 million diabetic ulcer patients require treatment across the world. Annually, over 5 million chronic leg ulcer cases occur in Brazil, while approximately 2.7 million chronic leg ulcer cases occur in Mexico.
Hence, with rising need for advance wound care products for the treatment of various chronic disorders, adoption within hospitals and ambulatory surgical centers is expected to increase. Thereby, bolstering market growth.
Number of pressure and venous ulcer patients has grown from approx. 7% in developed countries, such as the U.S., Germany, and the U.K., which is further expected to drive the growth of the market for advance wound care products.
Focus on collaboration with surgeons for better wound management, improvement and streamlining of regulatory processes and inter and intra-departmental collaboration between surgeons and their support staff for wound management plays a key role in ensuring better wound management and promotes the growth of the advance wound care market.
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“Increasing prevalence of chronic wounds and growing awareness towards adoption of medical treatment across the globe will propel the market growth over the next ten years,” says the FMI Analyst
Some of the leading manufacturers of advance wound care market are focusing on product launch and expansion strategies for global expansion objectives, thereby, enhancing their market presence.
The key market players covered by FMI include B. Braun Melsungen AG, Mölnlycke Health Care, ConvaTec Group plc, Coloplast A/S, Johnson and Johnson, Medline Industries Inc., 3M, QIAGEN N.V, Essity AB (BSN Medical), Smith and Nephew plc, BOENMED, Hakuzo Medical Asia Co. Ltd.
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The global advance wound care market value is expected to grow from US$ 10.7 Bn in 2021 to US$ 15.4 Bn by 2031-end.
The global advance wound care market is projected to expand at CAGR of 3.7% during the forecast period.
From 2016-2020, the advanced wound care market grew at the rate of 3.6% owing to the consistently rising demand for first-aid and versatile products and increasing number of trauma and burn cases.
Sales of advance wound care products is expected to rise as demand for first aid and versatility of products increases. Also, rising elderly population and incidence of diabetic foot ulcers will boost market growth. Further, development, and incorporation of wound-care curriculum, rising prevalence of chronic wounds, reluctance in accepting novel technologies, and high cost of advance wound management products are the key factors propelling growth.
U.S, UK, China, Japan, and Germany are the top 5 countries that are driving the demand for advance wound care products.
Europe holds around 30% revenue share in the overall advance wound care products market in 2021. Germany is expecte to remain the most lucrative market in terms of revenue, acquiring around 25% of Europe’s market share.
The East Asia market is set to exhibit a CAGR of 6.6% during the forecast period on the back of increasing rate of diabetes and improving healthcare expenditure.
The post The Advance Wound Care Market is expected to register a CAGR of 3.7% during 2021-2031 appeared first on Market Research Blog.
The article discusses the growth of the advance wound care market, projected to expand at a 3.7% CAGR from 2021 to 2031.
Rising prevalence of chronic wounds and increased adoption of wound care products in hospitals are key drivers.
North America, particularly the U.S., and East Asia, with China leading, are significant markets.
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