U.S. Chronic Wound Care MarketU.S. Chronic Wound Care Market 2024 to Grow at 6.8 CAGR with 4.16 USD Billion Market Size: Analysis and Forecasts 2032
U.S. Chronic Wound Care Market by Type (Diabetic Foot Ulcers, Pressure Ulcers, Venous Leg Ulcers, Others), by Product (Advanced Wound Dressings, Wound Care Devices, Active Therapy, Others), by End User (Hospitals & Wound Clinics, Homecare Settings & Others), by Forecast 2024-2032
Base Year: 2023
180 Pages
U.S. Chronic Wound Care Market 2024 to Grow at 6.8 CAGR with 4.16 USD Billion Market Size: Analysis and Forecasts 2032
Key Insights
The U.S. Chronic Wound Care Market size was valued at USD 4.16 USD Billion in 2023 and is projected to reach USD 6.59 USD Billion by 2032, exhibiting a CAGR of 6.8 % during the forecast period. The U. S. chronic wound market presents persistent wounds like diabetic foot ulcers and pressure ulcers. It may provide med-tech solutions such as dressings, growth factors, and NPWT (Negative Pressure Wound Therapy). The following are used to facilitate recovery, avoid infections, and handle exudate. The trend in the market includes bioengineered skin substitutes and smart wound care technologies that allow real-time monitoring. An older population as well as the rise of chronic conditions such as, for instance, diabetes is increasing the necessity for appropriate wound care options. The market keeps changing in line with these discoveries in biotechnology and materials science, which are aimed at accelerating healing and making patient life better.
U.S. Chronic Wound Care Trends
- Growing adoption of advanced wound dressings
- Increasing use of wound care devices
- Rising demand for active therapies
- Emergence of telehealth and home-based wound care
Driving Forces: What's Propelling the U.S. Chronic Wound Care Market
- Increasing prevalence of chronic wounds: Diabetes, obesity, and aging are major risk factors for chronic wounds. The growing prevalence of these conditions is expected to drive the demand for wound care products and services.
- Rising incidence of diabetes: Diabetes is a leading cause of diabetic foot ulcers, which are a type of chronic wound. The increasing incidence of diabetes is expected to fuel the demand for wound care products and services.
- Growing geriatric population: The geriatric population is more susceptible to chronic wounds due to age-related changes in skin and blood flow. The growing geriatric population is expected to contribute to the growth of the wound care market.
Challenges and Restraints in U.S. Chronic Wound Care Market
- High cost of wound care: Chronic wounds can be expensive to treat, especially if they require advanced therapies or hospitalization. The high cost of wound care can be a barrier to access for some patients.
- Lack of awareness: Many patients are not aware of the benefits of early wound care. This can lead to delayed diagnosis and treatment, which can worsen the wound and increase the risk of complications.
- Lack of skilled wound care providers: There is a shortage of skilled wound care providers in the United States. This can make it difficult for patients to access timely and appropriate wound care.
Emerging Trends in U.S. Chronic Wound Care
- Advancements in wound dressings: Advanced wound dressings are designed to promote healing and prevent infection. New developments in wound dressing technology include antimicrobial dressings, bioengineered dressings, and dressings that release growth factors.
- Telehealth for wound care: Telehealth allows patients to receive wound care from home. This can be a convenient and cost-effective option for patients who live in rural areas or who have difficulty traveling.
- Personalized wound care: Personalized wound care plans are tailored to the individual needs of each patient. This approach can help to improve healing outcomes and reduce the risk of complications.
Growth Catalysts in U.S. Chronic Wound Care Industry
- Government initiatives: The government is playing a role in promoting wound care awareness and access. The Centers for Medicare & Medicaid Services (CMS) has developed a reimbursement program for wound care services.
- Research and development: Pharmaceutical and medical device companies are investing in research and development to develop new and improved wound care products and technologies.
- Partnerships and collaborations: Companies are partnering with each other to develop and market new wound care products and services.
Market Segmentation: U.S. Chronic Wound Care Analysis
Type:
- Diabetic foot ulcers
- Pressure ulcers
- Venous leg ulcers
- Others
Product:
- Advanced wound dressings
- Wound care devices
- Active therapy
- Others
End User:
- Hospitals & wound clinics
- Homecare settings & others
Leading Players in the U.S. Chronic Wound Care Market
- Smith & Nephew (U.K.)
- Mölnlycke Health Care AB (Sweden)
- 3M (U.S.)
- ConvaTec Group PLC (U.K.)
- Tissue Regenix (U.S.)
- B. Braun Melsungen AG (Germany)
- Integra LifeSciences Corporation (U.S.)
- Coloplast Corp (Denmark)
- Cardinal Health (U.S.)
- MiMedx (U.S.)
Significant developments in U.S. Chronic Wound Care Sector
- In 2020, Smith & Nephew acquired Osiris Therapeutics, a leader in regenerative medicine. This acquisition will enable Smith & Nephew to offer a more comprehensive range of wound care products and services.
- In 2021, Mölnlycke Health Care launched Mepilex 4, a new generation of advanced wound dressings. Mepilex 4 is designed to provide superior absorption and conformability, while also reducing the risk of maceration and infection.
- In 2022, 3M received FDA approval for its V.A.C. Ulta Therapy System with GranuFoam dressings. This system is designed to promote wound healing and prevent infection in patients with diabetic foot ulcers.
Comprehensive Coverage U.S. Chronic Wound Care Market Report
The comprehensive report on the U.S. chronic wound care market provides a detailed analysis of the market dynamics, key trends, industry drivers and challenges, market segmentation, competitive landscape, and growth catalysts. The report also includes regional insights, pricing analysis, import and export analysis, patent/trademark analysis, SWOT analysis, Porter's five forces analysis, and a forecast of the market size and growth rate.
Regional Insight
The U.S. chronic wound care market is divided into five regions: Northeast, Midwest, South, West, and Puerto Rico. The Northeast region is the largest market, followed by the South and Midwest. The West region is the fastest-growing market, due to the increasing prevalence of chronic wounds in this region.
DROCT
The DROCT analysis provides a comprehensive evaluation of the market drivers, restraints, opportunities, and challenges. The following factors are considered in the DROCT analysis:
- Drivers: Rising prevalence of chronic wounds, increasing incidence of diabetes, growing geriatric population
- Restraints: High cost of wound care, lack of awareness, lack of skilled wound care providers
- Opportunities: Advancements in wound dressings, telehealth for wound care, personalized wound care
- Challenges: Competition from generic products, reimbursement challenges
Pricing Analysis
The pricing analysis provides a detailed analysis of the pricing strategies adopted by the leading players in the U.S. chronic wound care market. The pricing analysis includes a comparison of the prices of different types of wound care products and services.
Import And Export Analysis
The import and export analysis provides a detailed analysis of the import and export trends of wound care products and services in the U.S. The import and export analysis includes a breakdown of the major importing and exporting countries.
Segmentation
The market segmentation provides a detailed analysis of the different segments of the U.S. chronic wound care market. The market segmentation includes a breakdown of the market by type, product, end user, and region.
Patent/Trademark Analysis
The patent/trademark analysis provides a detailed analysis of the patent and trademark landscape of the U.S. chronic wound care market. The patent/trademark analysis includes a list of the key patents and trademarks filed by the leading players in the market.
U.S. Chronic Wound Care Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2018-2032 |
| Base Year | 2023 |
| Estimated Year | 2024 |
| Forecast Period | 2024-2032 |
| Historical Period | 2018-2023 |
| Growth Rate | CAGR of 6.8% from 2018-2032 |
| Segmentation |
|
Frequently Asked Questions
Table Of Content
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Rising Prevalence of Brain Cancer Cases to Propel Market Growth
- 3.3. Market Restrains
- 3.3.1. Rising Recalls of Wound Care Products to Limit the Market Growth
- 3.4. Market Trends
- 3.4.1. Increasing Number of Hospitals and ASCs Identified as Significant Market Trend
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. U.S. Chronic Wound Care Market Analysis, Insights and Forecast, 2018-2030
- 5.1. Market Analysis, Insights and Forecast - by Type
- 5.1.1. Diabetic Foot Ulcers
- 5.1.2. Pressure Ulcers
- 5.1.3. Venous Leg Ulcers
- 5.1.4. Others
- 5.2. Market Analysis, Insights and Forecast - by Product
- 5.2.1. Advanced Wound Dressings
- 5.2.2. Wound Care Devices
- 5.2.3. Active Therapy
- 5.2.4. Others
- 5.3. Market Analysis, Insights and Forecast - by End User
- 5.3.1. Hospitals & Wound Clinics
- 5.3.2. Homecare Settings & Others
- 5.4. Market Analysis, Insights and Forecast - by Region
- 5.4.1.
- 5.1. Market Analysis, Insights and Forecast - by Type
- 6. Northeast U.S. Chronic Wound Care Market Analysis, Insights and Forecast, 2018-2030
- 6.1. Market Analysis, Insights and Forecast - By Type
- 6.1.1 Diabetic Foot Ulcers
- 6.1.2 Pressure Ulcers
- 6.1.3 Venous Leg Ulcers
- 6.1.4 and Others
- 6.2. Market Analysis, Insights and Forecast - By Product
- 6.2.1 Advanced Wound Dressings
- 6.2.2 Wound Care Devices
- 6.2.3 Active Therapy
- 6.2.4 and Others
- 6.3. Market Analysis, Insights and Forecast - By End User
- 6.3.1. Hospitals & Wound Clinics and Homecare Settings & Others
- 7. Southeast U.S. Chronic Wound Care Market Analysis, Insights and Forecast, 2018-2030
- 7.1. Market Analysis, Insights and Forecast - By Type
- 7.1.1 Diabetic Foot Ulcers
- 7.1.2 Pressure Ulcers
- 7.1.3 Venous Leg Ulcers
- 7.1.4 and Others
- 7.2. Market Analysis, Insights and Forecast - By Product
- 7.2.1 Advanced Wound Dressings
- 7.2.2 Wound Care Devices
- 7.2.3 Active Therapy
- 7.2.4 and Others
- 7.3. Market Analysis, Insights and Forecast - By End User
- 7.3.1. Hospitals & Wound Clinics and Homecare Settings & Others
- 8. Midwest U.S. Chronic Wound Care Market Analysis, Insights and Forecast, 2018-2030
- 8.1. Market Analysis, Insights and Forecast - By Type
- 8.1.1 Diabetic Foot Ulcers
- 8.1.2 Pressure Ulcers
- 8.1.3 Venous Leg Ulcers
- 8.1.4 and Others
- 8.2. Market Analysis, Insights and Forecast - By Product
- 8.2.1 Advanced Wound Dressings
- 8.2.2 Wound Care Devices
- 8.2.3 Active Therapy
- 8.2.4 and Others
- 8.3. Market Analysis, Insights and Forecast - By End User
- 8.3.1. Hospitals & Wound Clinics and Homecare Settings & Others
- 9. Southwest U.S. Chronic Wound Care Market Analysis, Insights and Forecast, 2018-2030
- 9.1. Market Analysis, Insights and Forecast - By Type
- 9.1.1 Diabetic Foot Ulcers
- 9.1.2 Pressure Ulcers
- 9.1.3 Venous Leg Ulcers
- 9.1.4 and Others
- 9.2. Market Analysis, Insights and Forecast - By Product
- 9.2.1 Advanced Wound Dressings
- 9.2.2 Wound Care Devices
- 9.2.3 Active Therapy
- 9.2.4 and Others
- 9.3. Market Analysis, Insights and Forecast - By End User
- 9.3.1. Hospitals & Wound Clinics and Homecare Settings & Others
- 10. West U.S. Chronic Wound Care Market Analysis, Insights and Forecast, 2018-2030
- 10.1. Market Analysis, Insights and Forecast - By Type
- 10.1.1 Diabetic Foot Ulcers
- 10.1.2 Pressure Ulcers
- 10.1.3 Venous Leg Ulcers
- 10.1.4 and Others
- 10.2. Market Analysis, Insights and Forecast - By Product
- 10.2.1 Advanced Wound Dressings
- 10.2.2 Wound Care Devices
- 10.2.3 Active Therapy
- 10.2.4 and Others
- 10.3. Market Analysis, Insights and Forecast - By End User
- 10.3.1. Hospitals & Wound Clinics and Homecare Settings & Others
- 11. Competitive Analysis
- 11.1. Market Share Analysis 2023
- 11.2. Company Profiles
- 11.2.1 Smith & Nephew (U.K.)
- 11.2.1.1. Overview
- 11.2.1.2. Products
- 11.2.1.3. SWOT Analysis
- 11.2.1.4. Recent Developments
- 11.2.1.5. Financials (Based on Availability)
- 11.2.2 Mölnlycke Health Care AB (Sweden)
- 11.2.2.1. Overview
- 11.2.2.2. Products
- 11.2.2.3. SWOT Analysis
- 11.2.2.4. Recent Developments
- 11.2.2.5. Financials (Based on Availability)
- 11.2.3 3M (U.S.)
- 11.2.3.1. Overview
- 11.2.3.2. Products
- 11.2.3.3. SWOT Analysis
- 11.2.3.4. Recent Developments
- 11.2.3.5. Financials (Based on Availability)
- 11.2.4 ConvaTec Group PLC (U.K.)
- 11.2.4.1. Overview
- 11.2.4.2. Products
- 11.2.4.3. SWOT Analysis
- 11.2.4.4. Recent Developments
- 11.2.4.5. Financials (Based on Availability)
- 11.2.5 Tissue Regenix (U.S.)
- 11.2.5.1. Overview
- 11.2.5.2. Products
- 11.2.5.3. SWOT Analysis
- 11.2.5.4. Recent Developments
- 11.2.5.5. Financials (Based on Availability)
- 11.2.6 B. Braun Melsungen AG (Germany)
- 11.2.6.1. Overview
- 11.2.6.2. Products
- 11.2.6.3. SWOT Analysis
- 11.2.6.4. Recent Developments
- 11.2.6.5. Financials (Based on Availability)
- 11.2.7 Integra LifeSciences Corporation (U.S.)
- 11.2.7.1. Overview
- 11.2.7.2. Products
- 11.2.7.3. SWOT Analysis
- 11.2.7.4. Recent Developments
- 11.2.7.5. Financials (Based on Availability)
- 11.2.8 Coloplast Corp (Denmark)
- 11.2.8.1. Overview
- 11.2.8.2. Products
- 11.2.8.3. SWOT Analysis
- 11.2.8.4. Recent Developments
- 11.2.8.5. Financials (Based on Availability)
- 11.2.9 Cardinal Health (U.S.)
- 11.2.9.1. Overview
- 11.2.9.2. Products
- 11.2.9.3. SWOT Analysis
- 11.2.9.4. Recent Developments
- 11.2.9.5. Financials (Based on Availability)
- 11.2.10 MiMedx (U.S.)
- 11.2.10.1. Overview
- 11.2.10.2. Products
- 11.2.10.3. SWOT Analysis
- 11.2.10.4. Recent Developments
- 11.2.10.5. Financials (Based on Availability)
- 11.2.1 Smith & Nephew (U.K.)
List of Figures
- Figure 1: U.S. Chronic Wound Care Market Revenue Breakdown (USD Billion, %) by Product 2023 & 2031
- Figure 2: U.S. Chronic Wound Care Market Value Share (%), by Type 2023 & 2031
- Figure 3: U.S. Chronic Wound Care Market Value Share (%), by Product 2023 & 2031
- Figure 4: U.S. Chronic Wound Care Market Value Share (%), by End User 2023 & 2031
- Figure 5: U.S. Chronic Wound Care Market Share (%) by Company 2023
List of Tables
- Table 1: U.S. Chronic Wound Care Market Revenue USD Billion Forecast, by Type 2018 & 2031
- Table 2: U.S. Chronic Wound Care Market Revenue USD Billion Forecast, by Product 2018 & 2031
- Table 3: U.S. Chronic Wound Care Market Revenue USD Billion Forecast, by End User 2018 & 2031
- Table 4: U.S. Chronic Wound Care Market Revenue USD Billion Forecast, by Region 2018 & 2031
- Table 5: U.S. Chronic Wound Care Market Revenue USD Billion Forecast, by Type 2018 & 2031
- Table 6: U.S. Chronic Wound Care Market Revenue USD Billion Forecast, by Product 2018 & 2031
- Table 7: U.S. Chronic Wound Care Market Revenue USD Billion Forecast, by End User 2018 & 2031
- Table 8: U.S. Chronic Wound Care Market Revenue USD Billion Forecast, by Region 2018 & 2031
- Table 9: U.S. Chronic Wound Care Market Revenue USD Billion Forecast, by Type 2018 & 2031
- Table 10: U.S. Chronic Wound Care Market Revenue USD Billion Forecast, by Product 2018 & 2031
- Table 11: U.S. Chronic Wound Care Market Revenue USD Billion Forecast, by End User 2018 & 2031
- Table 12: U.S. Chronic Wound Care Market Revenue USD Billion Forecast, by Country 2018 & 2031
- Table 13: Northeast U.S. Chronic Wound Care Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 14: Southeast U.S. Chronic Wound Care Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 15: Midwest U.S. Chronic Wound Care Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 16: Southwest U.S. Chronic Wound Care Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 17: West U.S. Chronic Wound Care Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 18: U.S. Chronic Wound Care Market Revenue USD Billion Forecast, by Type 2018 & 2031
- Table 19: U.S. Chronic Wound Care Market Revenue USD Billion Forecast, by Product 2018 & 2031
- Table 20: U.S. Chronic Wound Care Market Revenue USD Billion Forecast, by End User 2018 & 2031
- Table 21: U.S. Chronic Wound Care Market Revenue USD Billion Forecast, by Country 2018 & 2031
| Aspects | Details |
|---|---|
| Study Period | 2018-2032 |
| Base Year | 2023 |
| Estimated Year | 2024 |
| Forecast Period | 2024-2032 |
| Historical Period | 2018-2023 |
| Growth Rate | CAGR of 6.8% from 2018-2032 |
| Segmentation |
|
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