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Wound Care Companies

Wound care companies specialize in the development and distribution of products, therapies, and solutions for the management and treatment of various types of wounds. These companies play a crucial role in supporting healthcare professionals and patients in wound healing.

Wound Care Key CompaniesDisclaimer: List of key companies in no particular orderLatest Wound care Companies Update

  • July 2023: Coloplast, a Danish manufacturer of medical supplies, will acquire Kerecis, an Icelandic manufacturer of biologics wound-care products derived from fish carcasses, in July 2023. This transaction's total value could reach $1.3 billion. In a press release, Coloplast declared its intention to enter the U.S. wound-care industry via this acquisition. Kerecis has developed and patented a "clinically differentiated, sustainable, and scalable" technology platform based on intact fish skin, which retains a resemblance to human skin and requires minimal processing. Thousands of patients have already been assisted by this method, which has been the subject of multiple clinical investigations.

  • April 2023: MTF Biologics is a global nonprofit organization that saves and heals lives by respecting donated gifts, assisting patients, and advancing the science of tissue transplantation. In April 2023, AlloPatch Pliable Meshed was added to MTF Biologics' portfolio of superior, innovative, and effective wound care solutions. AlloPatch Pliable Mesh employs acellular human reticular dermal allograft to assist in the healing of diabetic foot ulcers and venous leg ulcers. Due to its fundamental properties, AlloPatch Pliable Mesh is ideally adapted for the treatment of diabetic foot ulcers and venous leg ulcers.  It also provides a structural covering that promotes early re-epithelialization without requiring the host to first generate a substantial amount of granulation tissue.

  • October 2023: DuPont, a provider of technologically advanced materials and solutions, introduced its new DuPont Liveo MG 7-9960 silicone soft skin adhesive (SSA) in October 2023. The new adhesive has been designed for use in advanced wound care dressings and for attaching medical devices to the skin for extended wear time and delicate removal. DuPont Liveo is a medical device silicone technology provider. On the market, these technologies have been utilized extensively for advanced wound care and scar therapies. The new adhesive has excellent repositionability, enhanced wear performance, design flexibility, improved conformability, and non-traumatic removal.

List of Wound care Key companies in the market

  • Braun Melsungen AG (Germany)

  • 3M (US)

  • Baxter International Inc. (US)

  • Johnson & Johnson Services Inc. ( US)

  • Smith & Nephew (UK)

  • ConvaTec Group Plc (UK)

  • Cardinal HealthInc. (US)

  • Medtronic Plc (Ireland)

  • Coloplast Corp. (Europe)

  • Avery Dennison Corporation (US)

Global Wound Care Market Overview

Wound Care Market size was valued at USD 20.92 billion in 2022. The Wound Care Market industry is projected to grow from USD 22.23 billion in 2023 to USD 41.56 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.46% during the forecast period (2023 - 2032). The factors that are driving the growth of the global market are increasing prevalence of acute and chronic wounds, and growing geriatric population, and reimbursements and product launches.

Wound Care Market Overview

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Wound Care Market Trends

  • Increasing Prevalence of Acute and Chronic Wounds 

The Wound Care Market is experiencing a substantial upsurge, primarily driven by the escalating prevalence of acute and chronic wounds. This surge in wound-related conditions can be attributed to a combination of factors that are reshaping the healthcare landscape. Rising incidence of chronic diseases, such as diabetes, obesity, and cardiovascular ailments. These conditions frequently lead to the development of chronic wounds like diabetic foot ulcers and venous leg ulcers. According to the World Health Organisation (WHO), diabetes and kidney disease caused an estimated 2 million deaths in 2019. Moreover, the surge in surgical procedures, spanning elective surgeries to life-saving interventions, has necessitated a greater focus on post-operative wound care. According to data from the International Society of Aesthetic Plastic Surgery (ISAPS), overall body and extremity procedures increased by 25.3% in 2022 compared to the previous year. This has generated a continuous demand for wound care products and solutions, as the surgical patient population expands. Furthermore, the market for wound care may experience rapid growth owing to a rising number of road accidents across the globe.

Therefore, the increasing incidence of chronic wounds and surgical site infections is a major public health concern, and rising awareness about the benefits of Wound Care and technological advancements are fostering market growth.

Wound Care Market Segment Insights

Wound Care Type Insights

On the basis of the type, the wound care market has been segmented into classic wound care, advanced wound care, & skin prevention. Advanced wound management held the largest market share in 2022 and is anticipated to register the highest CAGR from 2022 to 2032. Advanced wound management provides advantages such as treating chronic and non-healing wounds. Thus, an increasing number of chronic wounds, such as diabetic foot ulcers, is expected to drive the wound care market growth over the projection period.



Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Wound Care Application Insights

Based on application, the wound care market is segmented into chronic wounds and acute wounds. Chronic wound held the largest market in 2022 and acute wound anticipated to register the highest CAGR during the forecast period. Chronic wounds represent a major medical and financial burden and are associated with significant morbidity and mortality rates. Patients are often hospitalized due to infection or other ulcer-related complications, which significantly increases the demand for wound care products. Type 2 diabetes represents around 85-95% of all diabetes in the developed countries and is expected to account for an even higher percentage in developing countries.

Wound Care End User Insights

Based on end users, the wound care market is segmented into hospitals, specialty clinics, and home healthcare. Hospital held the largest market share in 2022 and is anticipated to register the highest CAGR 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.

Moreover, increasing patients with diabetes, diabetic foot ulcers, chronic wounds, post-operative infections, and dependence on hospitals for the treatment is expected to account for a significant share of the hospitals segment in the forecast period.

Wound Care Regional Insights

By region, the study segments the market into North America, Europe, Asia-Pacific, and the Rest of the World. North America accounted for the largest market share of over 36.60% in 2022 owing to the increasing patient pool with acute or chronic wounds in the region. According to Canada.ca, Diabetes affects over 3 million Canadians or 8.9% of the population, and the prevalence has risen at an annual rate of 3.3% after adjusting for the ageing population. Furthermore, 6.1% of Canadian adults have prediabetes, which puts them at a high risk of developing type 2 diabetes.

Further, the major countries studied are: The US, Canada, Brazil, Germany, France, the UK, Italy, Spain, China, India, Japan, South Korea, and Australia.



Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe Wound Care market shows significant growth during the forecast year, i.e., 2022–2023,

owing to rising government initiatives. According to the National Institute of Health, it is estimated that approximately 15-20 million people in Europe have chronic wounds. According to the United Nations Department of Economic and Social Affairs report titled 'World Population Ageing 2020 Highlights,' there will be 727 million people aged 65 and up in the world in 2020. It is expected to more than double by 2050, reaching nearly 1.5 billion people. Furthermore, the Germany wound care market held the largest market share in 2022 and Italy wound care market is the fastest growing market in the Europe region.

The Asia-Pacific Wound Care market is the fastest-growing region during the forecast period owing to the huge patient pool suffering from chronic wounds in Asian countries. 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. Moreover, China Wound Care market held the largest market share in 2022 and India Wound Care market is the fastest growing market in the Asia-Pacific region.

Wound Care Key Market Players & Competitive Insights

The Wound Care Market is characterized by the presence of many global, regional, and local players and factors such as lowering the cost of the products, improving infrastructure and increasing adoption of wound care driving the growth of the Wound Care Market. To expand their reach and optimize their operational costs, the major players focus on forming strategic and in order to gain a substantial market share.

3M is a diversified global manufacturer, technology innovator, and marketer of a wide variety of products and services across several industries. The company operates through five business segments, including safety and industrial, transportation and electronics, health care, consumer, and corporate. Its healthcare segment offers medical tapes, sterilization products, skincare, masks, bandages, disinfectants, protective apparel, and oral care products to hospitals, clinics, and other medical institutes. Additionally, the company provides a range of services, including medical, dental, consumer health, food safety, and health information systems. The company offers products through several famous brand names such as Post-it, Scotch, Scotch-Brite, Command, Filtrete, Nexcare, and ScotchBlue. Moreover, it produces more than 55,000 products across the globe. The company has operations in 70 countries across all regions, namely North America, Europe, Asia-Pacific, and the Middle East and Africa, and its products are sold in 200 countries. It has an extensive distribution network in North America, Europe, Asia-Pacific, and Rest of the World.

Key Companies in the Wound Care Market includes.

  • 3M (US)

  • 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)

Wound Care Industry Developments

April 2023: 3M Company received Food and Drug Administration (FDA) approval for the Veraflo brand therapy system and dressing that are used to treat wound debris. This approval, followed by the launch, has expanded the 3M company's wound care product portfolio.

Wound Care Market Segmentation

Wound Care Type Outlook

  • Classic Wound Care

    • Wound Cleanser

      • Wound Cleansing and Irrigations Solutions

      • Wound Cleansing Gels

    • Wound Cleansing Sprays

    • medical tapes & bandages

  • Advanced Wound Care

    • Advanced Wound Dressings

      • Exudate Management

        • Foam Dressings

        • Alginate Dressings

        • Film Dressings

        • Hydrogels

        • Collagen Dressings

        • Hydrocolloids

        • Superabsorbants

        • Contact Layers

        • Others

      • Infection Management

        • Non-Silver Dressings

        • Silver Dressings

      • Therapy Devices

        • NPWT

        • Electrical Stimulation

        • HBOT (Hyperbaric Blood Oxygen Therapy)

      • Biologics

        • Topical Agents

        • Skin Substitutes

        • Growth Factor

      • Debridement

        • Ultrasound Debridement

        • Debridement Pads, Swabs, Cloths

      • Skin Prevention

        • Barrier Cream & Barrier Swabs

        • Emollients

Wound Care Application Outlook

  • Chronic Wound

    • Diabetic Foot Ulcers

    • Pressure Ulcers

    • Venous Leg Ulcers

    • Others

  • Acute Wounds

    • Surgical

    • Burns

    • Trauma

Wound Care End User Outlook

  • Hospitals

  • Specialty Clinics / Ambulatory Market

  • Home Healthcare (OTC)

Wound Care Regional Outlook

  • North America

    • US

    • Canada

  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe

  • Asia-Pacific

    • China

    • India

    • Japan

    • South Korea

    • Australia

    • Rest of Asia-Pacific

  • Rest of the World

    • Middle East

    • Africa

    • Latin America

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