Wound Care Market Size

Wound Care Market size was over USD 23.85 Billion in 2023 and is set to reach USD 68.05 Billion by the end of 2036, growing at around 8.4% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of wound care is assessed at USD 25.65 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.