The global advanced wound care market was valued at USD 10.77 billion in 2023 and is projected to grow at a CAGR of 4.75% from 2024 to 2030. The increasing number of surgeries, the augmenting number of road accidents, trauma cases & burns, and the introduction of innovative & advanced wound products are some of the factors driving market growth. In addition, the rising prevalence of chronic diseases that affect wound healing capabilities further elevates the demand for advanced wound products. Moreover, the growing geriatric population is expected to propel market growth, as the geriatric population has slow healing capabilities.

According to the United Nations Population Fund’s India Ageing Report 2023, the population over 60 is likely to increase from 14.9 crores in 2022 to 34.7 crores by 2050, which is expected to propel market growth. People with diabetic foot ulcers (DFU) are at a high risk of lower-extremity amputation. As per a Science Direct article, diabetic foot ulcers may affect more than 25.0% of the diabetic population and may result in amputation in 20.0% of patients. However, advanced wound care products help cure diabetic foot ulcers, which are prevalent in diabetic patients. Thus, an increasing number of diabetic patients is expected to elevate the use of advanced wound care products. These products especially help in moisture retention and facilitate rapid internal and external wound healing. Furthermore, these products help in the absorption of necrotic tissues, which are effective in surgical site infections. Hence, healthcare professionals prefer to use advanced wound care products, which is anticipated to propel global wound care market growth over the forecast period.

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Advanced Wound Care Market Segments Highlights:

• Based on product, the moist wound care segment held the largest revenue share of 70.88% in 2023. This dominance can be attributed to an increase in the number of wound cases and an increase in the number of surgeries globally.
• The active wound care segment is expected to register growth at the fastest CAGR during the forecast period.
• In terms of application, the chronic wounds segment dominated the market with the largest revenue share in 2023. An increasing prevalence of venous pressure ulcers, diabetic foot ulcers and other chronic wounds is anticipated to fuel the segment’s growth.
• Furthermore, the acute wounds segment is expected to witness the fastest CAGR of 4.88% during the forecast period.
• Based on end use, the hospital segment dominated the market with the largest revenue share of 45.31% in 2023. The growth of this segment can be attributed to an upsurge in surgical procedures and an increase in the number of hospital admissions.
• The home healthcare segment is expected to witness the fastest CAGR over the forecast period. During the COVID-19 pandemic, there was an increase in the demand for home healthcare advanced wound care products.
• North America dominated the market with the largest revenue share of 45.46% in 2023. This dominance can be attributed to a well-developed healthcare infrastructure and an increase in the number of surgical procedures.

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Advanced Wound Care Market Segmentation

Grand View Research has segmented the global advanced wound care market based on product, application, end use, and region:

Advanced Wound Care Product Outlook (Revenue, USD Million, 2018 - 2030)

• Moist
  • Foam Dressings
  • Hydrocolloid Dressings
  • Film Dressings
  • Alginate Dressings
  • Hydrogel Dressings
  • Collagen Dressings
  • Other Advanced Dressings
• Antimicrobial
  • Silver
  • Non-silver
• Active
  • Biomaterials
  • Skin-substitute
  • Growth Factors

Advanced Wound Care Application Outlook (Revenue, USD Million, 2018 - 2030)

• Chronic Wounds
  • Diabetic Foot Ulcers
  • Pressure Ulcers
  • Venous Leg Ulcers
  • Other Chronic Wounds
• Acute Wounds
  • Surgical & Traumatic Wounds
  • Burns

Advanced Wound Care End Use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals
• Specialty Clinics
• Home Healthcare
• Others

Advanced Wound Care Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
• Europe
• Asia Pacific
• Latin America
• MEA

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