Advanced Wound Care Market size was valued at USD 6.7 billion in 2022 and is poised to grow from USD 7 billion in 2023 to USD 10.8 billion by 2031, growing at a CAGR of 5.4% in the forecast period (2024-2031).
Advanced wound care market to be driven by huge potential in the monitoring, diagnosis, treating of chronic non-healing wounds. Majorly, chronic wounds are one of the major health issues, leading to staggering social and economic burden. Yet, constant improvements will open possibilities for enhanced wound care results and improved quality of life for the geriatric and the ageing adults.
The human body holds tremendous ability to cure itself, but wound healing can create non-healing chronic wounds owing to a wide range of reasons like bacterial contamination, ischemia, and chronic inflammation. The common chronic wounds comprise venous leg ulcers, pressure ulcers, and diabetic foot ulcers. Advanced wound care is mostly demanded to treat such forms of chronic ulcers. At present, less than 25% of diabetic foot ulcers, and less than 30% venous leg ulcers are cured with the help of existing standard care treatment. The major risk factors associated with non-healing wounds of DFU, PU, and VLUs include obesity, diabetes, and patient age. The populations with these risk elements are projected to grow considerably over the next 10 years, mainly as compared to the past 10 years. Hence, the number of chronic wounds is projected to grow substantially with the growing elderly population and rise in diabetes and obesity.
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Integration of Connectivity and Sensors in Wound Care to Play a Major Role in the Market Growth
The recent improvements in advanced wound care include 3D printing in wounds, which helps create customized tissue scaffolds and wound dressings. With these advancements, the market is also aiming for environmental sustainability. In the domain, smart wound dressing is also gaining attraction. The incorporation of connectivity and sensors in wounds allows monitoring in real-time, offering doctors valuable information and better decision-making. Moreover, bioengineered skin substitute is another market trend. The researchers are making major progress in the improvement of lab-grown skin substitutes that help in better wound covering, mainly for chronic wounds and severe burns. Currently, advanced wound care is emphasizing higher patient convenience and comfort with a key focus on products that can be easily worn and used for optimal patient satisfaction. With these advancements the market is also aiming for environmental sustainability.
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- In March 2024, Integra LifeSciences Holdings Corporation announced that MicroMatrix® Flex is currently commercially available in the United States. It is a dual-syringe device that allowsappropriate blending and accurate delivery of MicroMatrix® paste to offer suitable access to complex areas and to assist in building a uniform wound surface in the challenging areas of wound.
- In June 2024, Mölnlycke joined hands for the acquisition of P.G.F. Industry Solutions GmbH, the prominent producer of Granudacyn® solutions for wound moisturizing and cleansing. The acquisition aims to help and offer products to the ageing population suffering from increased chronic wounds like venous leg ulcers and diabetic foot ulcers.
- In January 2024, Coloplast introduces Biatain Silicon Fit for better wound care management and pressure injury prevention in the United States. Selecting the correct dressing for treatment of wound or pressure injury prevention must be a simple task, making it comfortable, soft and secure fit for patients. For this, Biatain Silicone Fit is exactly suitable.
- In May 2024, Convatec, a leading medical technologies and products firm announced results of clinical study from the latest multinational (RCT) randomized controlled trial displaying notable improvements in the VLU healing with AQUACEL Ag+Extra in comparison with the standard care dressing.
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Today, chronic wounds are a leading concern across the globe, and they also negativelyimpactthe quality of life. Understanding biological procedures that take place on wound beds can assist physicians and providers to address these challenges. Yet, with improvements in different techniques of advanced wound care, patients will not only prefer better healing but also overall satisfaction in the different stages of wound care healing.
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