Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 971.48 Million | USD 1,771.06 Million | 6.90% | 2023 |
The global Active Wound Care Market size was worth around USD 971.48 Million in 2023 and is predicted to grow to around USD 1,771.06 Million by 2032 with a compound annual growth rate (CAGR) of roughly 6.90% between 2024 and 2032.
The report covers forecast and analysis for the active wound care market on a global and regional level. The study provides historic data of 2023 along with a forecast from 2024 to 2032 based revenue (USD Million). The study includes drivers and restraints for the active wound care market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the active wound care market on a global level.
To facilitate restoration of inherent healing mechanisms for the treatment of chronic wounds active therapies for wound care is required. The active wound management involves the application of a biologically active agent such as skin grafts, growth factor, natural or artificial skin substitutes, etc.
The cleaning of dead or infected tissues promotes faster healing of the wound on the skin. The extensive cleaning of a wound with the application of skin substitute or dressings promotes healing at a rapid pace. To manage the complex wounds, including surgical wounds, burns, diabetic wounds, etc., active wound care products are used. Complex wounds represent predominant challenges to the global healthcare systems because they are hard to heal. Active wound care products are rapidly substituting the traditional wound care products owing to their effectiveness and efficacy in managing wounds by enabling faster healing.
According to the NCBI, about 10% of the U.S. population is affected by diabetes, and about 25% of the population above 65 years is suffering from diabetes. The prevalence of chronic wounds specifically foot ulcers is growing in the diabetic population. Whereas about more than 90,000 adults are predictable to undergo a lower extremity amputation. The increasing geriatric population and rising prevalence of diabetes are expected to boost the growth of the active wound care market.
However, strict regulation for product approval and high costs of treatment may hamper the growth of active wound care market.
In recent times, active wound care therapies are the most promising therapy for the treatment of chronic wounds. The pressure ulcers, diabetic foot ulcers, venous leg ulcers, surgical wounds, etc. are hard to heal by traditional dressings, and therefore numerous healthcare organizations are collaborating with research centers at national and international level.
In order to give the users of this report a comprehensive view on the active wound care market, we have included competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein product type segment, wound type segment, and end-user segments are benchmarked based on their market size, growth rate, and general attractiveness.
The report provides company market share analysis in order to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new technology launch, agreements, partnerships, collaborations & joint ventures, research & development, technology and regional expansion of major participants involved in the market on the global and regional basis. Moreover, the study covers price trend analysis, the product portfolio of various companies according to the region.
The study provides a decisive view of the active wound care market by segmenting the market based on product type, wound type, end user, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.
Based on product type, the market is segmented into synthetic skin grafts, allograft, xenografts, amniotic tissue grafts, collagen dressings, and growth factors.
On the basis of wound type, the market is segmented into surgical wounds, ulcers, and other wounds. The ulcers segment is further sub-segmented into pressure ulcers, diabetic foot ulcers, arterial ulcers, and venous ulcers.
Based on end users, the market is segmented into in-patient facilities and out-patient facilities.
Report Attributes | Report Details |
---|---|
Report Name | Active Wound Care Market Size Report |
Market Size in 2023 | USD 971.48 Million |
Market Forecast in 2032 | USD 1,771.06 Million |
Growth Rate | CAGR of 6.90% |
Number of Pages | 188 |
Forecast Units | Value (USD Billion), and Volume (Units) |
Key Companies Covered | Smith and Nephew, Molnlycke Health Care AB, Integra Life Sciences Corporation, Baxter, Medtronic, ConvaTec Inc., Coloplast Corporation, Organogenesis Inc., KCI Licensing, Inc., Medline Industries, Inc., Avita Medical, Osiris Therapeutics, Inc., Cytori Therapeutics Inc., and Wright Medical Group N.V |
Segments Covered | By Product Type, By Wound Type, and By region |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa with its further division into major countries including the U.S., the U.K., Germany, France, Italy, Spain, China, Japan, India, Brazil, and GCC Countries. This segmentation includes demand for active wound care market based on individual product type, wound type, and end users in all the regions and countries.
North America held a dominant share of the global active wound care market in 2017 and region is projected to continue with its regional supremacy over the forthcoming years as well. The growth of this regional market is attributed with the high awareness about the active wound care products, ease of reimbursement policies, and easy availability of active wound care products in the region. Asia Pacific is projected to grow at a significant CAGR due to rising geriatric population, increasing prevalence of chronic diseases, growing demand for active wound care products, and increasing unmet medical needs.
The report also includes detailed profiles of end players such as -
Global Active Wound Care Market: Product Type Segment Analysis
Global Active Wound Care Market: Wound Type Segment Analysis
Global Active Wound Care Market: End-User Segment Analysis
Global Active Wound Care Market: Regional Segment Analysis
FrequentlyAsked Questions
The global Active Wound Care Market size was worth around USD 971.48 Million in 2023 and is predicted to grow to around USD 1,771.06 Million by 2032
compound annual growth rate (CAGR) of roughly 6.90% between 2024 and 2032.
The largest share of the Active Wound Care Market is held by Asia Pacific. Developing countries of Asia Pacific such as China, Japan, and India will be dominating the market scenario mainly due to the rising constructional activities. The growth of Asia-Pacific region is expected to be followed by the Middle East and North America. Also, significant growth is expected from Western Europe owing to the developments taking place in this region especially in countries such as Italy, Germany, the U.K, France, and Spain. However, growth in Africa, Latin America, and Eastern Europe is anticipated to be moderate over the forecast period.
Smith and Nephew, Molnlycke Health Care AB, Integra Life Sciences Corporation, Baxter, Medtronic, ConvaTec Inc., Coloplast Corporation, Organogenesis Inc., KCI Licensing, Inc., Medline Industries, Inc., Avita Medical, Osiris Therapeutics, Inc., Cytori Therapeutics Inc., and Wright Medical Group N.V
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