Acute Wound Care Market

The report "Acute Wound Care Market by Product (Dressings (Foam, Hydrocolloid, Film), Devices (NPWT, Electric Stimulation, Oxygen & Hyberbaric Oxygen, Pressure Relief)), Wound Type (Surgical, Burns), End User (Hospitals, Clinics), & Region - Global Forecast to 2027", size is projected to reach USD 10,457.8 million by 2027 from USD 8,452.4 million in 2022, at a CAGR of 4.3% during the forecast period.

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The growth in the global acute wound care market can be attributed to factors such as the increasing geriatric population, rise in acute wounds, increase in government initiatives for effective treatment of wounds, and  growing demand for quick recovery from surgery or injury without scarring among people across the world. Additionally, rise in R&D for acute wound care products, spike in financing for wound care research, and expansion in wound care awareness initiatives are all projected to boost the growth of acute wound care market. The high growth potential of emerging economies and the growing number of acquisitions by key players have also opened an array of opportunities for the growth of the acute wound care market.

“The advanced wound care products segment accounted for the largest market share in the acute wound care market, by product, during the forecast period”

Based on products, the acute wound care market is segmented into advanced wound care products, surgical wound care products, and traditional wound care products. In 2021, the advanced wound care products segment dominated the acute wound care market. Advanced wound care products are increasingly being used as the first line of therapy, making it likely to capitalize on the largest share of the acute wound care market. Also, the advantages of advanced wound care products are a major factor driving the market growth. Other factors such as the increasing incidence of surgical & traumatic wounds, growing patient awareness, and the rising occurrence of HAIs are also expected to drive the market's growth. New product launches by key market players also contribute to market growth.

“Surgical & traumatic wounds segment dominated the acute wound care market in 2021, by wound type”

The acute wound care market is segmented into surgical & traumatic wounds and burns & other wounds based on wound type. In 2021, the surgical & traumatic wounds segment accounted for the largest market share. The growing number of surgical procedures is a major factor driving the growth of this market segment. According to the WHO, as of 2019, about 235 million major surgeries are conducted on average worldwide every year, of which 63 million are traumatic surgeries, 31 million are cancer-related surgeries, and 10 million are related to pregnancy complications. Optimal management of post-operative wounds is important to prevent potential complications such as SSIs and wound dehiscence from developing. Therefore, the rising prevalence of surgical and traumatic wounds owing to the growing number of surgical procedures performed, coupled with the rising rate of SSIs, is a major factor driving the uptake of acute wound care products for the proper management and treatment of such wounds.

“North America dominated the acute wound care market in 2021”

The global acute wound care market is segmented into five major regions; North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. In 2021, North America accounted for the largest share of the acute wound care market. The large share of North America in this market can be attributed to the increasing prevalence of acute disorders, rising geriatric patient pool, increasing number of hospitals, increasing number of surgeries, and increasing healthcare spending. Additionally, the highly developed healthcare systems in the US and Canada and the strong presence of major market players also contribute to the market growth in this region. This region also offers favorable reimbursement policies for wound treatments and the public healthcare expenditure per citizen is high compared to the developing nations.

The major players operating in this market are 3M (US), Coloplast A/S (Denmark), Medtronic (Ireland), Smith & Nephew (UK), Convatec Group Plc (UK), Medline Industries (US), Integra Lifesciences (US), Johnson & Johnson (US), Molnlycke Health Care Ab (Sweden), Baxter International (US), B. Braun (Germany), and Paul Hartmann AG (Germany).

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