Advanced Wound Dressing Market Size

Advanced Wound Dressing Market size was over USD 11.4 billion in 2024 and is anticipated to exceed USD 26.11 billion by the end of 2037, witnessing over 6.7% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of advanced wound dressing is evaluated at USD 12 billion.

The rising prevalence of diabetes among people across the world is estimated to boost market growth during the forecast period. Injured diabetic people are more prone to serious injurious wounds such as diabetic ulcers that don’t heal up quickly. As a result, the rising number of diabetes cases are expected to increase the sales of advanced wound dressings in the upcoming period. As per the World Health Organization, nearly 3% of the increase in diabetes deaths that occurred between 2000-2019 are owing to chronic wounds.

Along with the aforementioned factors, the other factor that is contributing positively to market growth is the high prevalence of chronic diseases around the world. Chronic diseases such as cancer, strokes, heart disease, and others escalate the chances of developing a chronic wound that requires advanced wound care dressing, subsequently creating a positive outlook for market expansion. In addition, the rising number of road accidents, factory injuries, and other fatalities which causes serious trauma is expected to soar the adoption rate of advanced wound dressing in the upcoming years. Traumatic injuries are the major causes of acute wounds, which generate the need for advanced wound dressing. Another growth factor for expanding the advanced wound dressing market size is the increasing incidence of obese which is giving birth to complex wounds including infections, ulcerations, and other chronic wounds, which in turn, is expected to propel the usage of advanced wound dressings during the forecast period. In 2020, across the world, more than 36 million children under 5 years of age were overweight or obese as per estimations.