Wound Skin Care Market Size

Wound Skin Care Market size is estimated to cross USD 15 Billion by the end of 2036, growing at a CAGR of 5% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of wound skin care was USD 9 Billion. The major element to dominates the expansion of the market is the growing number of road accidents. As per the prediction of the World Health Organization, about 1.19 million people die on account of road accidents every year. Additionally, close to 20 to 50 million population suffer from non-fatal injuries, with a large of them sustaining disability. As a result, the market demand for wound skin care is predicted to surge.

Furthermore, advancement in technology has led prominent players to launch of number of effective and novel products in the field of wound skin care. Additionally, the investment in research & development is also surging by key market players. Hence, these two factors are also estimated to encourage the market for wound skin care over the coming years.

Frequently Asked Questions (FAQ)

The major factors driving the growth of the market are growing geriatric population, high prevalence of surgical site infection, and surge in adoption of AI in wound skin care.

The market size of wound skin care is anticipated to attain a CAGR of 5% over the forecast period, i.e., 2024-2036.

The major players in the market are Derma Sciences Inc., Medline Industries, Inc, Advancis Medical, B. Braun SE and others.

The hospitals & clinics segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North America region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.

Wound Skin Care Market Size