Number of pages: 100 | Report Format: PDF | Published date: October 07, 2022
Historical Years – 2020 | Base Year – 2021 | Forecasted Years – 2022-2030
Report Attribute |
Details |
Market size value in 2021 |
US$ 1.06 billion |
Revenue forecast in 2030 |
US$ 10.35 billion |
Growth Rate |
CAGR of 4.60% from 2022 to 2030 |
Base year for estimation |
2021 |
Forecast period |
2022-2030 |
Segments covered |
Product, Application, End-User, and Region |
Regional scope |
North America, Europe, Asia Pacific, and the Rest of the World (RoW) |
The global active wound care market was pegged at US$ 1.06 billion in 2021 and is expected to witness a CAGR of 4.60% during the forecast period.
Market Fundamentals
Active wound care removes devitalized and necrotic tissue from the wound site on the skin to promote healing and is designed to control convective mass transfer with the wound bed. These services are presented when a wound requires extensive cleaning before the application of dressings or skin substitutes placed over or onto a dressing-attached wound. Active wound care products are intended to treat chronic wounds. Chronic injuries take additional time to heal and require standard and expensive healing procedures. Advanced wound care products help to maintain favorable conditions for wounds, such as a hydrated environment, constant temperature, and proper oxygen flow.
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Market Dynamics
The rising demand for skin grafts is a significant driver for the active wound care market growth. Burn care and treatment have recently shifted to a more holistic approach that emphasizes healing from a burn injury and the long-term function and shape of the healed lesion and quality of life. As a result of this trend, the demand for grafting and other substitutes in treating and managing acute burns has increased. It is expected to continue in the projected period. However, high procedure costs are restraining the market to some extent.
Market Ecosystem
The global active wound care market has been analyzed from four perspectives: product, application, end-user, and region.
Active Wound Care Market By Product
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According to the product, the global market for active wound care is segmented into skin substitutes and biomaterials. The biomaterial segment has covered the majority of the market. The growth is attributed to rapid technological advances associated with biomaterials. Moreover, the surge in research and development activities is increasing the launch of novel products in the market. Skin-substitute products are expected to proliferate during the forecast period due to increased benefits of replacing the form and function of skin either temporarily or permanently. Additionally, the main advantage of biological tissue-created skin substitutes is that donor skin is readily available.
Active Wound Care Market by Application
Based on application, the global active wound care market is bifurcated into acute and chronic wounds. The market has been dominated by chronic wounds caused due to diabetes, obesity, and traffic accidents. Furthermore, the increased pressure ulcers and venous leg ulcers in geriatric populations can increase the incidences of chronic wounds. Additionally, the increased focus of manufacturers in developing devices for active wounds is increasing segment growth. The active wound segment is expected to show high growth in the forecast period due to increased traumatic and burns wound cases.
Active Wound Care Market by End Use
Based on the applications, the global active wound care market is segmented into ambulatory surgical centers, rehabilitation centers, hospitals, and homecare. The rehabilitation center has dominated the market due to factors such as the high number of unconscious patients in this region. Other segments, such as hospitals, are expected to grow in the forecast period. The market is growing due to the rise in Active Wound Care Market-related medical emergencies. The post-surgical procedures increase the need for active wound care.
Active Wound Care Market by Region
Regionally, the global active wound care market has been segmented into North America, Europe, Asia Pacific, and the rest of the world. North America dominated the active wound care market. Because of the increasing prevalence of wounds, growing economic costs, and government efforts to reduce overall treatment duration, there is a growing demand for advanced treatment options. The United States market is growing due to the increasing regulatory approvals for active wound care products such as skin substitutes. Additionally, the presence of appropriate reimbursement policies in the region contributes to this dominance.
In the Asia Pacific market, increasing modern lifestyles are causing an increase in the incidence of chronic diseases and a large population base. The increased number of active wounds in the region highlights the need for fast approvals of wound care products. Furthermore, the increasing focus of major players in emerging Asian countries, as well as government support, are driving the growth of the active wound care market in the region.
Competitive Landscape
Some of the prominent players operating in the global active wound care market are
The rising demand for skin grafts is a significant driver for the active wound care market growth. Burn care and treatment have recently shifted to a more holistic approach that emphasizes healing from a burn injury, the long-term function and shape of the healed lesion, and quality of life. As a result of this trend, the demand for grafting and other substitutes in treating and managing acute burns has increased. It is expected to continue in the projected period.
Some prominent players operating in the Active Wound Care Market are Carex Health Brands, Inc. Devilbiss Healthcare LLC, Invacare Corporation, Medline Industries, Inc., Sunrise Medical, Karman Healthcare, Inc., Sermax Mobility Ltd., United Seating and Mobility, LLC. (Numotion), Sermax Mobility Ltd., Meyra Group GmbH, among others.
High costs associated with procedures are restraining the market to some extent.
The global active wound care market was pegged at US$ 1.06 billion in 2021 and is expected to witness a CAGR of 4.60% during the forecast period.
North America dominated the active wound care market. Because of the increasing prevalence of wounds, growing economic costs, and government efforts to reduce overall treatment duration, there is a growing demand for advanced treatment options.
*Insights on financial performance is subject to availability of information in public domain