Increasing prevalence of acute and chronic wounds and growing geriatric population are major factors that are expected to boost the growth of the global wound care market at a CAGR of 6.46% during the forecast period of 2023-2032

Market Research Future (MRFR) has published on the “Global Wound Care Market”.

The global wound care market is projected to register a CAGR of 6.46% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global wound care market 3M (US), B.Braun SE (Germany), Coloplast Group (Denmark), ETS Wound Care, LLC (US), Baxter (US), BD (US), Cardinal Health (US), Convatec Inc. (UK), Johnson & Johnson Services, Inc. (US), Smith+Nephew (UK).

Market Highlights

The global wound care market is accounted for to register a CAGR of 6.46% during the forecast period and is estimated to reach USD 41.56 billion by 2032.

The key factors driving the market growth are burgeoning geriatric population. The increasing prevalence of chronic and acute wounds can be closely linked to the demographic shift as the world's elderly population continues to grow. According to WHO, by 2030, one in every six people in the world will be 60 or older. At this point, the proportion of the population aged 60 and up will rise from 1 billion in 2020 to 1.4 billion. The world's population of people aged 60 and up will double (2.1 billion) by 2050. This aging demographic is more susceptible to a range of health conditions, often resulting in chronic wounds, such as diabetic ulcers and pressure sores. The rise in age-related diseases, including diabetes, cardiovascular ailments, and obesity, has notably contributed to the uptick in chronic wound cases. Moreover, the advanced age of this demographic necessitates a higher level of surgical interventions, both elective and necessary, further fueling the demand for post-operative wound care. Pressure ulcers, which are a significant concern within healthcare settings, have a higher incidence in older individuals. The geriatric population's unique healthcare needs, combined with their susceptibility to wound-related issues, underscores the importance of tailoring wound care solutions to address these specific challenges and demands.

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Segment Analysis

The global wound care market has been segmented based on type, application, and end user.

Based on type, the global wound care market has been segmented into classic wound care, advanced wound care & skin prevention. The advanced wound management segment accounted for the largest market in 2022 and is anticipated to be the fastest-growing for the forecast period of 2023–2032. Advanced wound management products are most used to treat chronic and non-healing wounds. Antimicrobial compounds, such as honey and silver, are included in some of these treatments to speed wound healing and prevent infections. Hence, the wide range of advantages provided by advanced wound management propelling the growth of the type segment.

The global wound care market, based on application, is segmented into chronic wounds and acute wounds. The chronic wound segment accounted for the largest market with a market share of over 21.85% in 2022. Patients are often hospitalized due to infection or other ulcer-related complications, which significantly increases the demand for wound care products. According to The National Institute for Health and Care Excellence, UK, 1.5% of the adult population have ulcers, and about 80% of all leg ulcers are venous leg ulcers. A large number of patients suffering from chronic wounds and favorable regulations are expected to support the growth of this segment.

Based on end user, global wound care market is segmented into hospitals, specialty clinics, and home healthcare. The hospitals segment accounted for the largest share in 2022 and is the fastest-growing segment during the forecast period. A majority of the people in the developing regions prefer hospitals as advanced treatment for any wound injuries. The increasing prevalence of diabetes and the number of surgeries has further driven the growth of the hospitals market Nearly 2.5% of all Americans experience a decline in quality of life as a result of chronic wounds, and managing wounds has a significant financial impact on healthcare. Therefore, the increasing demand of hospitals is driving the growth of the end user segment.

Regional Analysis

The global wound care market, based on region, has been divided into North America, Europe, Asia-Pacific, and Middle East & Africa. North America further includes US and Canada. Europe includes countries namely Germany, France, UK, Italy, Spain, and the Rest of Europe. The global wound care market in Asia-Pacific has been segmented into China, India, Japan, South Korea, Australia, and the Rest of Asia-Pacific. Moreover, the Rest of the World comprises of Middle East, Africa, and Latin America.

North America held the largest market share in terms of revenue in 2022 due to the increasing number of surgical procedures in the region. The increasing patient pool with acute or chronic wounds and the rising diabetic population prone to wounds are driving the growth of the market in this region. According to the National Diabetes Statistics Report for 2022, Diabetes affects 37.3 million people or 11.3% of the US population. Diabetes has been diagnosed in an estimated 28.7 million people. Diabetes affects approximately 8.6 million people who have yet to be diagnosed. Similarly, deaths and injuries resulting in wounds are increasing in North America.

Moreover, Europe shows significant growth during the forecast period due to rising government initiatives, increasing awareness among healthcare providers regarding wound care, and the rising prevalence of wounds. According to the National Institute of Health, it is estimated that approximately 15-20 million people in Europe have chronic wounds. Furthermore, the rising prevalence of diabetes as a result of a sedentary lifestyle is one of the primary factors driving market growth. For example, the International Diabetes Federation (IDF) Diabetes Atlas reported 61 million cases of Diabetes in Europe in 2021, with this number expected to rise to 13% by 2045. The high prevalence of diabetes cases is also associated with a high prevalence of diabetic foot ulcers, driving the market.

Furthermore, the Asia-Pacific wound care region market is the fastest growing and present lucrative growth opportunities for the global market due to the huge patient pool suffering from chronic wounds and the growing geriatric population. Furthermore, rising diabetes cases, increasing per capita income, and government initiatives to enhance the quality of healthcare. China, India, and Australia have a lucrative market for wound care due to the growing older population. According to the report Impact of Population Aging on Asia's Future Growth published by the Asian Development Bank, increasing life expectancies support the growing geriatric population in the region. As per this report, by 2050, 34.2% of the population of Korea and 32.6% of Singapore will be aged 65 or more.

The Rest of the World region is comprised of the Middle East, Africa, and Latin America. The market growth in this region can be attributed to the rising prevalence of acute as well as chronic wounds, developing healthcare infrastructure, and government support. For example, according to the WHO road traffic injury death rates are highest in the African region. Moreover, political instability and war-like situations are anticipated to increase the number of armed forces personnel and civilians during the forecast period. This rise in chronic wounds, increasing government initiatives and large cases of violence are driving the market for wound care in the Rest of the World region.

Key Findings of the Study

• The global wound care market is expected to reach USD 41.56 billion by 2032, at a CAGR of 6.46% during the forecast period.


• The Europe region held the second largest market share of the global market, owing to increasing surgical procedures and the presence of renowned market players.


• Based on type, the advanced wound care segment held the largest market with a market share of 71.40% in 2022 and is the fastest-growing segment during the forecast period.


• 3M (US), B.Braun SE (Germany), Coloplast Group (Denmark), ETS Wound Care, LLC (US), Baxter (US), BD (US), Cardinal Health (US), Convatec Inc. (UK), Johnson & Johnson Services, Inc. (US), Smith+Nephew (UK) are the key players in the market.