Advanced Wound Care Market Will Generate $13.4 Billion by 2030

In 2021, the advanced wound care market was worth around $8.05 billion, and it is predicted to advance at a 5.8% CAGR from 2021 to 2030, to hit $13.4 billion. This is because of the surging count of injuries due to surgery and other reasons and the increasing cases of diabetes.

Advanced Wound Dressings Are Most Commonly Used

Advanced wound dressing accounts for the largest share, owing to the growing incidence of healthcare-related infections and surging awareness among the population of their effects. Moreover, the growing incidence of pressure ulcers, venous ulcers, and diabetic ulcers is escalating the growth of the category.

Growing Demand for Advanced Care for Acute Wounds

The acute wounds category holds an over 55% share of the market, owing to the snowballing incidence of road accidents. Additionally, the number of non-fatal injuries requiring appropriate medical care has increased recently around the world.

Patients Prefer Hospitals due to Their Demand for Comprehensive Care

With a market share of over 40%, hospitals led the market in 2021. This was due to the comprehensive care that patients with wounds receive from trained personnel in inpatient hospital facilities.

North America Had Highest Need for Advanced Wound Care

In the past, North America held an over 43% share in the global advanced wound care market, driven by the growing elderly population and rising rates of obesity, diabetes, burns, and motor vehicle accidents.