The increasing spending on chronic wounds, growing prevalence of diseases & conditions affecting wound healing capabilities, and technological advancements are the major factors driving the advanced wound care market’s growth.


Based on products, the advanced wound care market is segmented into dressings, devices & accessories, grafts & matrices, and topical agents. In 2020, dressings accounted for the largest share of the advanced wound care market. The large share of this segment can mainly be attributed to factors such as the growing prevalence of chronic, surgical, and traumatic wounds; rising incidence of burn injuries; technological advancements in dressings; and increasing spending on chronic and surgical wounds.


Based on wound type, the advanced wound care market is segmented into surgical & traumatic wounds, diabetic foot ulcers, pressure ulcers, venous leg ulcers, and burns & other wounds. In 2020, the surgical & traumatic wounds segment accounted for the largest share of the advanced wound care market. 


The large share of this segment can be attributed to the high demand for advanced wound care products in hospitals, ASCs, and wound care centers, the large number of treatment procedures conducted in hospitals, high patient inflow in this care setting, and availability of reimbursements.


The global advanced wound care market has been segmented into five major regions—North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. North America is the largest regional market for advanced wound care in 2020.  


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[289 Pages Report] The global advanced wound care market is projected to reach USD 12.8 billion by 2026 from USD 9.4 billion in 2021, at a CAGR of 6.2%. Market growth is driven by the increasing prevalence of diabetes, the high incidence of obesity, and the increasing number of surgical procedures across the globe. In line with this, the major trend in this market is the acquisition of small players by prominent players.


The current edition of the report covers pricing analysis, case study analysis, value chain analysis, supply chain analysis, ecosystem analysis, patent analysis, trade analysis, regulatory landscape, technology analysis, ranges/scenarios, trends/disruptions impacting the business of customers, and Porter’s five forces analysis in the market overview chapter. 


More Refined Presentation of the Company Profiles Segment: Company profiles give a glimpse of the key players in the market with respect to business overviews, financials, product offerings, and recent developments. The new edition of the report provides an updated product portfolio of the companies profiled in the report. A total of 28 companies have been profiled. 


Some key players in the advanced wound care market (2021- 2026)

  • 3M Company (US)
  • Smith & Nephew plc (UK)
  • ConvaTec Group Plc (UK)
  • Coloplast A/S (Denmark)
  • Mölnlycke Health Care AB (Sweden)