Acute Wound Care Market: Advanced Wound Dressing Captured The Largest Revenue Share
Acute Wound Care Industry Overview
The global acute wound care market size was valued at USD 8.25 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.24% from 2022 to 2030. The increase in demand for acute wound care products can be accredited to a rise in the number of surgical cases globally. For instance, according to the American Society of Plastic Surgeons, approximately 15.6 million cosmetic procedures were performed in the year 2020. Similarly, as per Eurostat, 1.16 million cesarean surgical procedures were conducted in the year 2018 in the European Union. As acute wound products help in healing surgical wounds, the market is expected to grow over the forecast period.
Additionally, a rise in traumatic accidents such as crush injuries and assaults is expected to drive the market. For instance, according to the WHO, around 3.16 million people die due to unintentional injuries, whereas, violence-related injuries lead to the death of approximately 1.25 million people every year. Moreover, as per a similar source, tens of millions of people suffer from non-fatal injuries every year, which lands them in the emergency department for acute care. Thus, as a result of the aforementioned factors, the market is expected to witness growth over the forecast period.
Gather more insights about the market drivers, restraints and growth of the Global Acute Wound Care Market
Moreover, the number of accidents has been increasing globally. For instance, as per the International Labor Organization, every year, more than 2.3 million people globally witness work-related accidents, leading to around 6,000 deaths every day. Furthermore, according to a similar source, approximately 340 million occupational accidents are calculated every year globally. Similarly, the number of road accidents is increasing worldwide. For instance, as per the road safety annual report, 2020 by International Transport Forum, an estimated 1.35 million people die globally due to road accidents, whereas, around 20-50 million people sustain serious injuries. Hence, the use of acute wound care products is predicted to increase, thereby impelling the market growth over the forecast period.
Additionally, the rising incidence of various burn injuries may help the market grow. For instance, according to ebmedicine.net, about 265,000 people die of thermal burns globally. Similarly, as per the NCBI, an estimated 450,000 people receive burn treatment every year. 86% of burns are thermal burns, 3% are chemical burns, 4% are electric burns, and 7% are other burns. Thus, due to the above-mentioned factors, the market is estimated to grow over the forecast period.
The COVID-19 pandemic had a slightly negative impact on the market. This can be accredited to the decrease in the number of road accidents during the COVID-19 pandemic period. However, with ease in restrictions and lifting of lockdown impositions, the demand for acute wound care products is expected to rise. Therefore, to cope with the rising demand for acute wound care products, the market players are undergoing strategic initiatives such as product launches, conducting awareness programs, geographic expansion, and mergers & acquisitions. For instance, in March 2022, Cardinal Health announced a plan to expand its global medical distribution network and build a medical distribution center in Ohio. Similarly, in February 2021, Axio Biosolutions received CE certification for its wound care product. Thus, as a result of the above-mentioned and similar instances, the market may grow during the post-pandemic period.
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Acute Wound Care Market Segmentation
Grand View Research has segmented the global acute wound care market on the basis of product, application, end-use, and region:
Acute Wound Care Product Outlook (Revenue, USD Million, 2018 - 2030)
- Advanced Wound Dressing
- Foam Dressing
- Hydrocolloid Dressing
- Film Dressing
- Alginate Dressing
- Hydrogel Dressing
- Collagen Dressing
- Other Advanced Dressing
- Surgical Wound Care
- Sutures & Staples
- Tissue Adhesive & Sealants
- Anti-infective Dressing
- Traditional Wound Care
- Medical Tapes
- Cleansing Agents
- Others
- Wound Therapy Devices
- Negative Pressure Wound Therapy
- Oxygen and Hyperbaric Oxygen Equipment
- Electric Stimulation Devices
- Pressure Relief Devices
Acute Wound Care Application Outlook (Revenue, USD Million, 2018 - 2030)
- Acute Wounds
- Surgical & Traumatic Wounds
- Burns
Acute Wound Care End-use Outlook (Revenue, USD Million, 2018 - 2030)
- Hospitals
- Specialty Clinics
- Home Healthcare
- Others
Acute Wound Care Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- Europe
- Asia Pacific
- Latin America
- MEA (Middle East & Africa)
Market Share Insights:
- January 2021: Smith & Nephew announced a new publication that claims that its PICO Single Use Negative Pressure Wound Therapy System reduces the odds of surgical site infections by 63%.
Key Companies profiled:
Some prominent players in the global acute wound care market include:
- 3M
- Coloplast Corp.
- Medline Industries
- Smith & Nephew
- Medtronic
- ConvaTec Group PLC
- Derma Sciences (Integra LifeSciences)
- Ethicon (Johnson & Johnson)
- Baxter International
- Molnlycke Health Care AB
Order a free sample PDF of the Acute Wound Care Market Intelligence Study, published by Grand View Research.
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