Advanced Wound Care Market Size

Advanced Wound Care Market size was valued at USD 12.68 billion in 2024 and is projected to exceed USD 31.19 billion by the end of 2037, expanding at over 7.1% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of advanced wound care is evaluated at USD 13.41 billion.

Increasing disorders among people across the globe that take a long time to heal, such as anemia, cancer, and diabetes, are fueling the market’s growth. Chronic diseases, lifestyle disorders, and other autoimmune conditions can cause wounds and injuries sustained to not heal properly or at all. For instance, anemia is a disorder in which the body does not produce enough healthy red blood cells. This can cause slower healing of wounds, as its red blood cells are in charge of transporting oxygen throughout the body, and a shortage of oxygen can hamper the healing process.  As per the Centers for Disease Control and Prevention, the number of deaths per 100,000 population from anemia in the U.S in 2020 was 1.7 people.

 The advanced wound care is used to heal the infection at a faster rate, as there is a high requirement to pay close attention to wounds arrived owing to diabetes. Therefore, rising cases of diabetes across the world are estimated to fuel the global advanced wound care market’s growth during the forecast period. In America, nearly 38 million people have diabetes as of 2021 as per the Centers for Disease Control and Prevention.