North America Advanced Wound Care Market Overview
North America Advanced Wound Care Market Size was valued at USD 5.3 Billion in 2022. The advanced wound care market industry is projected to grow from USD 5.52 Billion in 2023 to USD 7.675 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.20% during the forecast period (2024 - 2032). One major market driver propelling the need for wound care products is the rising incidence of infections and viruses. In addition, the market is also anticipated to rise as a result of the aging population with frequently weakened immune systems.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Advanced Wound Care Market Trends
- Rising prevalence of acute and chronic wounds will boost the market growth
The number of people receiving treatment for chronic wounds is predicted to rise due to the rising prevalence of acute wounds, including surgical and traumatic wounds, as well as chronic wounds, such as diabetic foot ulcers & venous leg ulcers worldwide, which will propel the market CAGR. Furthermore, the growing number of accidents and the growing weight of chronic illnesses among the elderly population are the main causes contributing to the rise in the population with various wounds, which is supporting the market's expansion. According to a February 2021 Wound Healing Society article, approximately 2.5% of Americans live with chronic wounds that negatively affect their quality of life, and managing wounds has a big financial impact on healthcare. Thus, It is expected that chronic wounds will remain a major clinical, social, and economic challenge because of the aging population, the persistent threat of obesity and diabetes worldwide, and the persistent infection problem.
Significant factors like raising awareness and educating patients and healthcare professionals about advanced wound care are driving the North America advanced wound care market's growth. Healthcare professionals are more likely to use these cutting-edge methods and supplies since they understand the advantages of advanced wound care. Educational programs, conferences, and research publications are essential in order to spread knowledge and encourage best practices in wound management. Additionally, by attending conferences and workshops, healthcare practitioners can stay up to date on the latest innovations in the field and deliver greater care. Furthermore, as patients get more knowledge about their available alternatives for care, there is a growing need for improved wound care products. The North American advanced wound care market is expanding due in large part to the increased awareness among patients and the medical community. Thus, driving the advanced wound care market revenue.
Advanced Wound Care Market Segment Insights
Advanced Wound Care Product Insights
The North America Advanced Wound Care market segmentation, based on product, includes Dressings (Foam Dressings, Silicone Dressings, Non-silicone Dressings, Collagen Dressings, Hydrofiber Dressings, Wound Contact Layers, Hydrocolloid Dressings, Film Dressings, Alginate Dressings, Hydrogel Dressings, Superabsorbent Dressings, Other Advanced Dressings), Devices & Accessories (NPWT Devices & Accessories, Debridement Devices & Accessories, Wound Assessment & Monitoring Devices, Other Devices & Accessories), Grafts & Matrices, Topical Agents. The dressings segment dominated the market as a result of growing patient education and the growing frequency of HAls. The increasing incidence of pressure ulcers, venous ulcers, and diabetic ulcers are some of the factors that are driving the dressing segment expansion.
Advanced Wound Care Wound Type Insights
The North America Advanced Wound Care market segmentation, based on wound type, includes Surgical & Traumatic Wounds, Diabetic Foot Ulcers, Venous Leg Ulcers, Pressure Ulcers, and Burns & Other Wounds. The diabetic foot ulcers category generated the most income due to the fact that diabetes is becoming more commonplace worldwide. Numerous studies have indicated that individuals with uncontrolled diabetes have an increased susceptibility to diabetic foot ulcers, which in turn fuels the growing need for sophisticated wound care solutions within this patient population.
Advanced Wound Care End User Insights
The North America Advanced Wound Care market segmentation, based on end user, includes Hospitals, ASCs, and Wound Care Centers, Home Care Settings, and Other End Users. The hospitals, ASCs, and wound care centers category generated the most income. The primary market drivers driving the growth of this end-user category include the rise in hospital visits for chronic wounds (pressure ulcers, diabetic foot ulcers, & venous leg ulcers), as well as the rising number of infections and hospital-acquired pressure ulcers.
Figure 1: North America Advanced Wound Care Market, by End User, 2023 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Advanced Wound Care Country Insights
The largest global shareholder in the advanced wound care market is North America. It is expected that the market will accelerate due to the rising cases of traffic accidents and sports injuries, as well as the existence of several important players in the area. Adoption is also anticipated to increase due to the rising incidence of both acute and chronic wounds, as well as the increased expense of treating pressure ulcers, diabetic foot ulcers, and surgical wounds. For instance, estimates from the Agency for Healthcare Research and Quality show that the annual medical costs in the United States for treating pressure ulcers ranged from USD 9.1 to USD 11.6 billion. Furthermore, North America's market dominance is a result of sufficient reimbursement laws in the United States and Canada. In addition, the number of procedures is expected to cause the market in the United States to rise. The Life Span Organization estimates that over 500,000 open heart operations were performed in the US in 2018. Likewise, AHA Journals estimates that 40,000 or so children in the United States have congenital heart surgery. Since surgical wounds take time to heal, advanced wound care solutions handle the procedure. During the projected period, these factors are anticipated to support the expansion of the United States market
Figure 2: NORTH AMERICA ADVANCED WOUND CARE MARKET SHARE BY REGION 2023 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Advanced Wound Care Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the advanced wound care market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the advanced wound care industry must offer cost-effective items.
Major players in the advanced wound care market are attempting to increase market demand by investing in research and development operations, including 3M Company (US), Smith & Nephew plc (UK), Coloplast A/S (Denmark), Convalec Group Plc (UK), and Mölnlycke Health Care AB (Sweden).
Key Companies in the advanced wound care market include
Advanced Wound Care Industry Developments
July 2023: With an upfront cash payment of USD 1.2 billion, Coloplast has agreed to pay up to USD 1.3 billion for the acquisition of Kerecis, a creative and quickly expanding firm in the biologics wound care space. Entering the high-growth, US-centric biologics sector through Kerecis offers Coloplast a strategic opportunity to strengthen its position in the advanced wound care market.
January 2022: Convatec Group acquired Triad Life Sciences Inc. to get entry into the lucrative wound biologics market. Convatec's Advanced Wound Care division in the US is anticipated to benefit from this, as their highly complementary product portfolios and business acumen will improve the company.
Advanced Wound Care Market Segmentation
Advanced Wound Care Product Outlook
- Dressings
- Foam Dressings
- Silicone Dressings
- Non-silicone Dressings
- Hydrocolloid Dressings
- Film Dressings
- Collagen Dressings
- Hydrofiber Dressings
- Alginate Dressings
- Hydrogel Dressings
- Wound Contact Layers
- Superabsorbent Dressings
- Other Advanced Dressings
- Devices & Accessories
- NPWT Devices & Accessories
- Wound Assessment & Monitoring Devices
- Debridement Devices & Accessories
- Other Devices & Accessories
- Grafts & Matrices
- Topical Agents
Advanced Wound Care Wound Type Outlook
- Surgical & Traumatic Wounds
- Diabetic Foot Ulcers
- Pressure Ulcers
- Venous Leg Ulcers
- Burns & Other Wounds
Advanced Wound Care End User Outlook
- Hospitals, ASCs, and Wound Care Centers
- Home Care Settings
- Other End Users
Advanced Wound Care Regional Outlook
- United States
- Canada
- Mexico
- Rest of North America
| Report Attribute/Metric |
Details |
| Market Size 2022 |
USD 5.3 Billion |
| Market Size 2023 |
USD 5.52 Billion |
| Market Size 2032 |
USD 7.675 Billion |
| Compound Annual Growth Rate (CAGR) |
4.20% (2024-2032) |
| Base Year |
2023 |
| Market Forecast Period |
2024-2032 |
| Historical Data |
2019-2022 |
| Market Forecast Units |
Value (USD Billion) |
| Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered |
Product, Wound Type, End User, and Region |
| Region Covered |
North America |
| Countries Covered |
The United States, Canada, Mexico, and Rest of North America |
| Key Companies Profiled |
3M Company (US), Smith & Nephew plc (UK), Coloplast A/S (Denmark), Convalec Group Plc (UK), and Mölnlycke Health Care AB (Sweden) |
| Key Market Opportunities |
Rapid advancement in technology |
| Key Market Dynamics |
Rising number of elderly people Surge in diabetic population |
Frequently Asked Questions (FAQ) :
The North America Advanced Wound Care market size was valued at USD 5.52 Billion in 2023.
The market is projected to grow at a CAGR of 4.20% during the forecast period, 2024-2032.
The key players in the market are 3M Company (US), Smith & Nephew plc (UK), Coloplast A/S (Denmark), Convalec Group Plc (UK), and Mölnlycke Health Care AB (Sweden).
The Dressings category dominated the market in 2023.
The Hospitals, ASCs, and Wound Care Centers category had the largest share in the market.
