Top Advanced Wound Care Industry Trends 2025: Growth & Revenue for 2025 & Beyond
RELEASE DATE: Oct 2024 Author: Spherical Insights Request Free Sample
What Is Advanced Wound Care?
Advanced Wound Care (AWC) products are designed to heal wounds that are either acute or chronic. Chronic wounds cost more to treat and take longer to cure. A common therapeutic option for persistent wounds is advanced wound care. In many cases, innovative wound care products are replacing conventional ones due to their effectiveness and efficiency in controlling wounds by promoting faster healing. In addition, they help keep the area hydrated, control the temperature, let oxygen flow, shield the injured area from outside infections, and ease the pain of changing dressings.
Growth Prospects in the Advanced Wound Care Market
1. Increase in the frequency of illnesses and ailments that affect the body's capacity to heal wounds
Acute, chronic, and surgical wounds have increased during the past ten years due to a number of factors, including the growing number of old people worldwide, an increase in traumatic injuries, a rise in surgical operations, and the growth in diseases like diabetes and obesity. Diabetes and obesity, for example, greatly increase the incidence and severity of wounds, including infections, ulcerations (foot or leg ulcers), and chronic wounds. Treating these wounds necessitates sophisticated wound care and raises medical costs.
2. An increase in hospitalizations for wound care
The market for advanced wound care will grow even faster due to the sharp increase in hospital visits for wound care. Growing healthcare spending to improve patient care and the large number of therapeutic procedures carried out in hospitals will boost the growth of the hospital industry. Additionally, when hospital-acquired pressure ulcers become more common, there is a greater need for improved wound care, which raises the industry's worth. The growing number of government campaigns to raise public awareness will also have a significant impact on the growth rate of the advanced wound care market. The development of technology is another important aspect driving market expansion. Additionally, the two main factors that will boost market expansion are rising healthcare expenditure capacity and improvements in healthcare infrastructure. The market for advanced wound care will expand at a faster rate as more surgeries are performed worldwide.
Global Advanced Wound Care Market Size and Growth Statistics
The Global Advanced Wound Care Market Size was valued at USD 10.57 billion in 2023 and is projected to USD 16.70 billion by 2033, exhibiting a CAGR of 4.68% during the forecast period 2023-2033. The top companies in the global advanced wound care market include Mölnlycke Health Care, Smith & Nephew, ConvaTec Group plc, Coloplast A/S, Cardinal Health, 3M Company, B. Braun Melsungen AG, Hartmann Group, Urgo Medical, Lohmann & Rauscher, and Others.
Challenges in the Advanced Wound Care Industry
- High prices for cutting-edge wound care products
The high price of sophisticated wound care products is expected to be a major barrier to industry expansion. Accessibility and affordability have a significant impact on how widely these cutting-edge goods are adopted and used. Because advanced wound care products are expensive, individuals and healthcare facilities may be discouraged from using them, which could impede their broad use and overall market expansion. To guarantee fair access and promote long-term market growth, it is imperative to address the cost issues related to advanced wound care products.
Regional Insights into the Global Advanced Wound Care Market
- North America held the greatest revenue share of the market. This dominance can be linked to both a rise in surgical procedures and a well-developed healthcare system. For example, the American Society of Plastic Surgeons estimates that in 2022, almost 23.6 million Americans had minimally invasive cosmetic surgery. Therefore, the usage of advanced wound care treatments to avoid surgical site infections is growing. The market is also expected to be driven by the rising number of accidents in the area, including burns, traffic accidents, and traumatic incidents.
Trends in the Advanced Wound Care Industry
1. Moving attention to active therapies for the prevention and treatment of wounds
Patients worldwide are currently looking for immediate and efficient treatment for chronic wounds, including venous ulcers, diabetic foot ulcers, and pressure ulcers, among others. The effectiveness of active wound care treatments, such as growth factors and biological skin equivalents, in treating chronic wounds that are difficult to heal has been demonstrated in clinical settings. The major players are refocusing their efforts to bring new bioactives to the market in order to meet the growing demand. For instance, in July 2022, the biologics business Tides Medical introduced "Artacent," a tri-layer skin transplant, to treat complicated or challenging-to-treat wounds.
2. Growing acute and chronic injury prevalence will increase need for devices and dressings
It is anticipated that the number of patients receiving treatment for chronic wounds will rise due to the rising incidence of acute wounds, including laparoscopic and severe wounds, as well as chronic wounds, such as diabetic foot ulcers and venous leg ulcers, worldwide. Furthermore, the growing number of accidents and the growing weight of chronic illnesses among the elderly population are the main causes of the rise in the population with various wounds, which supports the market's expansion. For instance, in October 2023, the new DuPont Liveo MG 7-9960 Soft Skin Adhesive was announced by the company. The purpose of this low-cyclic silicone soft skin adhesive (SSA) is to adhere medical equipment on the skin for extended usage and easy removal, as well as to apply advanced wound care dressings.
3. Technological developments and enhancing healthcare facilities
Advanced dressings, bioengineered tissues, and negative pressure wound therapy (NPWT) are just a few examples of the advancements and advances in wound care products that are expanding treatment options and improving results. The availability and use of cutting-edge wound care therapies are enhanced by improvements in healthcare infrastructure and growing investments in facilities worldwide. These elements are driving the market's expansion. Additionally, the demand for advanced wound care services is impacted by the rise in surgical operations, including elective and emergency surgeries, which leads to an increase in surgical complications and wounds. Additionally, these products typically prevent problems and shorten healing times. As a result, overall healthcare costs decline, which promotes adoption.
4. New treatment plans and the development of standardized wound care protocols
A vital requirement for treating chronic wounds is the creation of more sophisticated and creative treatment plans. Recent developments in cutting-edge wound care technology, such as bioengineered skin grafts, nanotherapeutics, 3D bioprinting methods, and stem cell therapy, are intended to enhance therapeutic results with a focus on skin regeneration and minimal adverse effects. According to the characteristics of the wound and its innate capacity for regeneration, some of the treatment methods used for wound healing in recent years include exosomes, vacuum-assisted closure, topical medication and growth factor delivery, modern wound dressings (hydrogels), ultrasound, electrotherapy, auto/allograft, and xenograft-based approaches. These methods have evolved to include hyperbaric oxygen treatment.
5. Growing use of bioactive treatments for late-stage injuries to support market expansion
Healthcare practitioners are increasingly using bioactive therapies, such as growth factors and skin replacements, particularly to treat late-stage wounds. To meet patients' increasing need for quick and efficient wound care treatments, a number of companies are now entering the market with an emphasis on allograft, xenograft, nanofiber, dermal replacements, and cell-based therapies. For instance, in January 2023, Osaka-Gunze Limited subsidiary Gunze Medical introduced dehydrated human amnion/chorion membrane (dHACM) allografts for wound treatment. This is the first and only product in Japan that has received medical approval.
Conclusion
The growth of chronic illnesses, surgical procedures, and advancements in wound treatment technology are all driving rapid changes in the advanced wound care sector. Patients now have access to more effective healing options because to a growing array of cutting-edge therapies and bioactive treatments. Both patients and healthcare professionals gain from these goods' ability to shorten hospital stays, speed up recuperation, and lower overall healthcare expenses. To guarantee greater access and equitable care, the sector must address the persistent problem of excessive costs. In the end, improved wound care is a bright future where compassion, creativity, and science come together to enhance patient outcomes globally.
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