Discover trends, market shifts, and competitive outlooks for the chronic wound care industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

#How Has the Chronic Wound Care Market Growth Performance Trended Historically, And What Lies Ahead?3

There has been a substantial expansion in the sector of chronic wound care in the past few years. The market size is expected to rise from $15.27 billion in 2024 to $16.47 billion in 2025, signifying a compound annual growth rate (CAGR) of 7.8%. The historic growth can be tied to a growing elderly population, an increase in chronic disease cases, a surge in diabetes incidents, enhanced understanding of wound care, and better access to medical services.

The market for chronic wound care is projected to witness significant expansion in the upcoming years, escalating to a value of $21.95 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 7.5%. This projected growth can be accredited to various factors including an increased demand for wound care products, surge in health expenditure in developing economies, attention to preventive measures in wound care, individually tailored wound care techniques, and an enhanced emphasis on infection control. Key trends that will play an important role in this growth phase include incorporation of digital health solutions into wound care management, wide-scale establishment of wound care clinics and specialized centres, the use of artificial intelligence in wound evaluation and treatment planning, heightened collaboration between specialists in wound care and other medical professional counterparts, and the advent of innovative biomaterials for wound dressing applications.

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What External and Internal Drivers Are Contributing to the Growth of the Chronic Wound Care Market?

The escalating incidence of sports-related injuries is predicted to boost the growth of the chronic wound care market in the future. Sports-related injuries denote the physical damage incurred during participation in sports or recreational pursuits. An uptick in such injuries is seen due to factors such as intense training, the absence of appropriate warm-up routines, inadequate safety equipment, and improper technique. Chronic wound care is instrumental in addressing the increasing sports injuries, as it accelerates healing, averts infections, and lessens the likelihood of complications, hence ensuring a speedy recovery and resumption of physical activities. Notably, per the National Safety Council, a non-profit organization in the US, there were approximately 3.6 million emergency treatments in 2022 related to sports and recreational equipment injuries, showing a stark increase following a historic low in 2020, with a 20% surge in 2021 and a further 32% rise in 2022 compared to the preceding year. Additionally, the injuries incurred during exercise and from exercise equipment increased from 409,224 in 2021 to 445,642 in 2022. Consequently, the escalating number of sports-related injuries is propelling the chronic wound care market.

What Segment Types Define the Chronic Wound Care Market Structure?

The chronic wound care market covered in this report is segmented –

1) By Product: Advanced Wound Dressing, Surgical Wound Care, Suture And Staples, Tissue Adhesive And Sealants, Anti-infective Dressing, Traditional Wound Care, Wound Therapy Devices

2) By Application: Diabetic Foot Ulcers, Pressure Ulcers, Venous Leg Ulcers, Other Applications

3) By End-User: Hospitals, Clinics, Homecare Settings, Other End-Users

Subsegments:

1) By Advanced Wound Dressing: Hydrocolloid Dressings, Foam Dressings, Alginate Dressings, Hydrofiber Dressings, Collagen Dressings, Film Dressings, Silicone Dressings, Composite Dressings

2) By Surgical Wound Care: Post-operative Dressings, Surgical Drapes, Surgical Sponges, Adhesive Bandages, Hemostatic Agents

3) By Suture And Staples: Absorbable Sutures, Non-Absorbable Sutures, Surgical Staples, Suture Kits

4) By Tissue Adhesive And Sealants: Cyanoacrylate Adhesives, Fibrin Sealants, Collagen-Based Adhesives, Synthetic Polymers

5) By Anti-Infective Dressing: Silver-Based Dressings, Honey-Based Dressings, Iodine-Based Dressings, Antibiotic-Impregnated Dressings

6) By Traditional Wound Care: Gauze Dressings, Bandages, Cotton Wool, Adhesive Plasters, Antiseptic Creams And Ointments

7) By Wound Therapy Devices: Negative Pressure Wound Therapy (NPWT) Devices, Electrical Stimulation Devices, Oxygen Therapy Devices, Infrared Therapy Devices, Ultrasound Therapy Devices

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Which Geographic Areas Hold the Strongest Growth Potential in the Chronic Wound Care Market?

North America was the largest region in the chronic wound care market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the chronic wound care market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Which Cutting-Edge Market Trends Are Expected to Drive the Chronic Wound Care Market’s Growth?

Leading companies in the chronic wound care market are increasingly concentrating on creating advanced technologies, such as negative pressure wound therapy (NPWT) systems. These solutions offer a more comfortable and convenient option for home-based treatments. NPWT systems are medical devices that apply a regulated suction to a wound, enhancing healing by removing excess fluid and reducing swelling, while also boosting tissue blood flow. For example, in April 2024, the medical equipment company from the UK, Smith & Nephew, introduced the RENASYS EDGE in America, a patient-focused solution for managing chronic wounds. It has a compact, lightweight design and a straightforward interface for medical professionals. The user-friendly interface offers detailed guidance on therapeutic procedures, and during setup, a single click provides technical assistance via the system’s near-field communication function. Smith+Nephew gives round-the-clock patient support and a clinical helpline. Its technical advancements like increased mobility and the inclusion of near-field communication not just enhance patient convenience but also cater to the rising demand for efficient home-based care. This could potentially reduce the healthcare expenses related to managing chronic wounds in the wound care market.

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What Is the Definition of the Chronic Wound Care Market?

Chronic wound care refers to the specialized medical treatment and management of wounds that fail to progress through the normal stages of healing within an expected timeframe, often lasting for an extended duration. It is utilized to address a variety of persistent wounds, aiming to promote healing and prevent complications.

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