Wound Care Market size was valued at USD 25.91 billion in 2024 and is set to reach USD 73.7 billion by the end of 2037, registering around 8.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of wound care is assessed at USD 27.65 billion.The industry growth is mainly credited to an increasing number of slow-healing diseases such as anemia, cancer, and diabetes around the world. Autoimmune diseases such as chronic diseases and lifestyle-related diseases can cause stubborn wounds and injuries that do not heal. For instance, anemia is a condition in which the body cannot produce enough healthy red blood cells. This can slow wound healing because red blood cells are responsible for carrying oxygen throughout the body, and a lack of oxygen can impair the healing process.
Wound care includes the treatment of chronic or complex wounds with products not available without a prescription. Wound care techniques can be categorized into general wound care and advanced wound care. Advanced wound care is a type of wound care that treats complex wounds with less available drugs than basic wound care, which treats simple wounds with readily available drugs. To receive advanced wound care, patients typically need to be treated at a doctor or hospital with an advanced wound care clinic. Wound healing methods include hydrocolloids, hydrogels, and duodenal plasters. These are the plasters that are estimated to have a positive impact on the growth of the global wound care market. It has been observed that 97% of people worldwide prefer using hydrocolloid dressings to conventional daily dressings because of their comfort, intrinsic healing properties, and lack of infection.
Growth Drivers
Challenges
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
8.3% |
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Base Year Market Size (2024) |
USD 25.91 billion |
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Forecast Year Market Size (2037) |
USD 73.7 billion |
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Regional Scope |
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Functions (Hospitals, Specialty Clinics, Home Healthcare)
The segment is set to have a substantial market share of 35% in 2037. This can be accredited to the large number of patients requiring advanced wound care and hospitalized for surgery or treatment of chronic conditions such as diabetes and pressure ulcers. The hospital also has the wound care management devices and staff necessary for advanced wound care, including growth factor therapy and negative pressure wound therapy (NPWT).
Applications (Chronic Wounds, Acute Wounds)
In the year 2037, the chronic wounds segment in the wound care market is predicted to command a large proportion of over 60%. The segment's expansion can be attributed to the rising prevalence of chronic wounds such as diabetes, pressure ulcers, and other disorders. In the year 2018, the incidence of chronic ulcers was over 2 per 1000 population and the incidence of chronic leg ulcers was 1 per 1000 population. Chronic wounds can be defined as physiologically compromised wounds resulting from disruption of the wound healing cycle as a result of impaired angiogenesis, innervation, or cell migration, among others. Normal wound healing is discussed separately. Skin wounds that do not heal, heal slowly, or heal but tend to recur are called chronic wounds. Many causes of chronic (permanent) skin wounds may include trauma, burns, skin cancer, infections, or underlying conditions such as diabetes. Wounds that take a long time to heal require special care.
Our in-depth analysis of the global market includes the following segments:
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Functions |
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Applications |
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North American Market Forecast
The wound care market in North America region is forecasted to have the most noticeable market share of 35% by the end of 2037. The robust medical infrastructure and increase in surgical procedures in this region are key contributors to regional growth. Therefore, there is an increasing adoption of wound care treatments to prevent postoperative wound infections. The market is also expected to be driven by the increasing incidence of incidents such as road accidents, burns, and trauma, in this region. In addition, increasing disposable income for facial correction and growing people's awareness of wound care equipment are also surging the demand for market in the Asia Pacific region.
APAC Market Statistics
The wound care market in Asia Pacific is expected to have the second biggest share of around 24% between 2023 and 2037. The continual increase in the region's older population is primarily responsible for the market's growth in this region. The Asia Pacific population is aging faster than anywhere else in the world. Sixty per cent of the world's total elderly population, that is, 630 million people live in the Asia Pacific region. Moreover, the government's role in raising awareness for advanced wound care, increasing the number of wounded patients, and increasing funding for medical infrastructure are expected to spur market growth in the region.
Author Credits: Radhika Pawar
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