Advanced Wound Dressing Market is Expanding

The main goals of wound closure and advanced wound care are to accelerate wound healing, stabilize wounds, alleviate wound symptoms and pain management as well as address a wide range of patient concerns. For effective closure and accelerated healing of all types of vital surgical wounds, burns, ulcers, traumatic lacerations, and radionecrosis wounds.

Ensuring functional closure of wounds in a non-invasive and aesthetic manner accelerates wound healing, reduces patient pain, reduces wound complications and recurrence, and improves overall quality of life by increasing patient independence and functional status.

The global wound closure and advanced wound care market is expected to reach USD 25,527.8 million by 2026, growing at a mid-single-digit CAGR from 2019 to 2026.

Factors such as the increasing burden of acute and chronic wounds on the global population, the increasing number of surgical procedures related to chronic diseases, the rapidly growing geriatric population, prolonged wound healing time, and increased susceptibility to various wounds are driving the market growth.

Based on wound type, the market is segmented into acute wounds and chronic wounds.

The acute wounds segment accounted for the larger revenue in 2019 and is expected to grow at a mid-single-digit CAGR from 2019 to 2026, mainly due to the increase in the number of surgical procedures across the globe and the increase in the prevalence of chronic diseases such as cancer and other gastrointestinal disorders requiring surgical incisions.

The chronic wounds segment is expected to grow at a mid-single-digit CAGR from 2019 to 2026. The main reasons for the rapid growth in this segment are the increasing prevalence of diabetes in the world population, the increasing prevalence of cardiovascular diseases and cancers, the rising global incidence of pressure ulcers associated with increasing hospitalization rates, and the increasing geriatric population.

Among advanced wound dressings, the foam dressings segment accounted for the larger revenue in 2019 and is expected to grow at a mid-single-digit CAGR

The wound closure and advanced wound care global application market is segmented into burns, ulcers, surgical wounds, traumatic tears, and radionecrosis. Among these, the surgical wounds segment accounts for a larger share. The ulcers segment is a fast growing segment due to the high prevalence of various types of ulcers and various chronic diseases in the global population.

Based on wound healing associations, chronic wounds can be classified as pressure ulcers, venous ulcers, diabetic foot ulcers, and arterial insufficient blood supply ulcers. These are on the rise due to the increase in diabetes, obesity, and the elderly population.

Elderly people with stroke, dementia, diabetes, mobility problems, and healthy people staying in ICUs for long periods are more likely to develop pressure ulcers. Obesity and diabetes can cause an increased incidence of foot ulcers.

The annual incidence of diabetic foot ulcers is estimated to be between 91 and 26.1 million worldwide.

The annual incidence of diabetic foot ulcers is estimated to be 6.3 percent globally, and the lifetime prevalence of foot ulcers in people with diabetes is reported to be 19-34 percent.