Global Wound Care Monitoring Market, By Type (Contact Wound Measuring Devices, Non-contact Wound Measuring Devices), Chronic Wound (Diabetic Foot Ulcer, Pressure Ulcer, Arterial, and Venous Ulcers, Other Chronic Wound), Acute Wound (Surgical Wounds, Burns, Other Acute Wounds), Product (Negative Pressure Wound Therapy (NPWT), Oxygen and Hyperbaric Oxygen Equipment, Electric Stimulation Devices, Pressure Relief Devices, Advanced Wound Care Devices, Others), End Use (Hospitals, Specialty Clinics, Home Healthcare, Others) – Industry Trends and Forecast to 2030.
Wound Care Monitoring Market Analysis and Size
The demand for wound care and wound healing products is growing due to the increasing number of surgical cases and growing incidence of chronic diseases across the globe. The growing number of traumatic injuries globally is anticipated to boost the wound care and healing market. For instance, according to WHO (2018), about 1,000,000 people are severely or moderately burnt annually in India. The rising elderly population is another major factor demanding a lot of wound care monitoring.
Data Bridge Market Research analyses the wound care monitoring market growth rate in the forecast period 2023-2030. The expected CAGR of the wound care monitoring market is around 5% in the mentioned forecast period. The market was valued at USD 8.12 billion in 2022 and would grow to USD 12 billion by 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Wound Care Monitoring Market Scope and Segmentation
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Report Metric |
Details |
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Forecast Period |
2023 to 2030 |
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Base Year |
2022 |
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Historic Years |
2021 (Customizable to 2015 - 2020) |
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Quantitative Units |
Revenue in USD Billion, Volumes in Units, Pricing in USD |
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Segments Covered |
Type (Contact Wound Measuring Devices, Non-contact Wound Measuring Devices), Chronic Wound (Diabetic Foot Ulcer, Pressure Ulcer, Arterial, and Venous Ulcers, Other Chronic Wound), Acute Wound (Surgical Wounds, Burns, Other Acute Wounds), Product (Negative Pressure Wound Therapy (NPWT), Oxygen and Hyperbaric Oxygen Equipment, Electric Stimulation Devices, Pressure Relief Devices, Advanced Wound Care Devices, Others), End Use (Hospitals, Specialty Clinics, Home Healthcare, Others) |
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Countries Covered |
U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
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Market Players Covered |
Smith+Nephew (U.S.), Mölnlycke Health Care AB (Sweden), 3M (U.S.), Organogenesis Inc. (U.S.), Coloplast Group (Denmark), ConvaTec Group PLC (U.K.), Johnson & Johnson Services, Ince (U.S.), MEDTRONIC (Ireland), B. Braun Melsungen AG (Germany), PAUL HARTMANN AG (U.S.), Cardinal Health (Germany), Medline Industries, Inc. (U.S.), Hollister Incorporated (U.S.), Zimmer Biomet (U.S.), AVERY DENNISON CORPORATION (U.S.), and Baxter (U.S.) |
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Market Opportunities |
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Market Definition
The main aim of wound monitoring is the systematic collection, analysis, and distribution of accurate data about wound behavior to improve healing outcomes. Wound care monitoring offers a major overview of the entire wound care effort, detecting abnormalities so they can be addressed immediately. Many wound care devices use infrared or temperature imaging to evaluate wound healing, particularly to monitor signs of infection, inflammation, or ischemia.
Wound Care Monitoring Market Dynamics
Drivers
- Increased Demand for Ambulatory Surgical Centers (ASCs)
A growing number of ambulatory surgical centers (ASCs) are anticipated to boost the market for wound care. It provides various services such as diagnostics, surgical care, and preventive procedures. In addition to this, ASCs are growing in number and therefore offer cost-effective services. For instance, according to the Advancing Surgical Care, as of March 2021, the number of ASCs in the U.S. is anticipated to be 6,023. Therefore, with an increasing number of ASCs, the market is anticipated to grow during the forecast period 2023-2030.
- Increasing Number of Injuries
The growing number of traumatic injuries globally is anticipated to boost the wound care and healing market. For instance, according to WHO (2018), about 1,000,000 people are severely or moderately burnt annually in India. In addition, according to NCBI, in 2017, countries such as Finland, the Netherlands, Bulgaria, Australia, China, and the U.K. reported an increase in the incidence of burn wounds. Additionally, as per WHO each year, an estimated 22,941 individuals die in Thailand due to traffic-related incidents, resulting for around 33% of all deaths in the country.
Opportunities
- Increasing Incidence of Diabetes
The growing incidence of diabetes because of a sedentary lifestyle is one of the main factors leading to market growth. For instance, as per American Diabetes Association, in 2018, an estimated 34.2 million people, 10.5% of the total U.S. population, have diabetes. Furthermore, approximately 1.6 million U.S. residents have type 1 diabetes, which includes around 187,000 adolescents and children. This leads to the increasing demand for wound care monitoring. Thus, this factor boosts market growth.
- Increasing Strategic Launches and Collaborations
Several market players are incorporating numerous strategies such as product launches, mergers and acquisitions, and expansion to meet the demand. For instance, Medline Industries launched Post-Acute Infection Prevention Program in October 2021. This will be a consultative program that is primarily focused on post-acute infection prevention. This assisted the company in penetrating its products among the population. Similarly, Mölnlycke announced the launch of a new U.K. distribution center in 2021. This assisted the company in strengthening customer access to quality Mölnlycke products. Thus, this factor helps in the growth of the market.
Restraints/Challenges
- High Cost of Wound care monitoring
The high cost of wound care products and injury items impedes the market growth. The cost of current injury items and the restricted repayment for these things in non-industrial countries restrain market growth. Personal costs show a lot of the whole expense of treatment in non-industrial countries, further restricting the utilization of refined injury dressings and gadgets for the therapy of constant injuries. Thus, this factor restraints the market growth.
This wound care monitoring market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the wound care monitoring market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Developments
- In 2019, ConvaTec acquired Southlake Medical Supplies for about USD 5 million. ConvaTec today announced it had signed an agreement to buy the assets of Southlake Medical Supplies, Inc. which is a Texas-based independent provider of catheter-related supplies. This helped the company strengthen its presence in the U.S. market.
Global Wound Care Monitoring Market Scope
The wound care monitoring market is segmented on the basis of type, chronic wound, acute wound, product and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Contact Wound Measuring Devices
- Non-contact Wound Measuring Devices
Chronic Wound
- Diabetic Foot Ulcer
- Pressure Ulcer
- Arterial and Venous Ulcer
- Other Chronic Wound
Acute Wound
- Surgical Wounds
- Burns
- Other Acute Wounds
Product
- Negative Pressure Wound Therapy (NPWT)
- Oxygen and Hyperbaric Oxygen Equipment, Electric Stimulation Devices
- Pressure Relief Devices
- Advanced Wound Care Devices
- Others
End-Use
- Hospitals
- Specialty Clinics
- Home Healthcare
- Others
Wound Care Monitoring Market Regional Analysis/Insights
The wound care monitoring market is analyzed and market size insights and trends are provided by type, chronic wound, acute wound, product and end user as referenced above.
The major countries covered in the wound care monitoring market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific has been witnessing positive growth for the wound care monitoring market throughout the forecast period due to increasingly changing lifestyles, leading to the increase in chronic diseases in this region. For instance, according to the Down to Earth organization, upto December 2021, India has 74.2 million diabetic patients aged 20 – 79. Furthermore, the number is anticipated to increase to 124.8 million by 2045.
North America dominates the market due to the high incidence of chronic and acute wound cases. Also, the elderly population is at a higher risk of wounds, increasing the demand for wound care and healing products in this region. For instance, according to the Administration for Community Living, on aging and health, the number of people aged 65 years and above was 54.1 million in 2019, which results for around 16% of the populations.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Wound Care Monitoring Market Share Analysis
The wound care monitoring market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related wound care monitoring market.
Key players operating in the wound care monitoring market include:
- Smith+Nephew (U.S.)
- Mölnlycke Health Care AB (Sweden)
- 3M (U.S.)
- Organogenesis Inc. (U.S.)
- Coloplast Group (Denmark)
- ConvaTec Group PLC (U.K.)
- Johnson & Johnson Services, Inc (U.S.)
- MEDTRONIC (Ireland)
- B. Braun Melsungen AG (Germany)
- PAUL HARTMANN AG (U.S.)
- Cardinal Health (Germany)
- Medline Industries, Inc. (U.S.)
- Hollister Incorporated (U.S.)
- Zimmer Biomet (U.S.)
- AVERY DENNISON CORPORATION (U.S.)
- Baxter (U.S.)
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