The U.S. advanced wound care market is dedicated to innovative solutions for complex wounds, including diabetic ulcers and surgical wounds. This dynamic sector encompasses diverse products such as dressings, biologics, devices, and therapies, emphasizing accelerated healing and reduced complications. Committing to cutting-edge technologies, the market addresses the healthcare challenges of diabetes mellitus (D.M.). In July 2021, an NCBI article highlighted nearly 500 million global D.M. cases, with the U.S. alone spending over USD 300 billion annually on medical costs linked to lost workdays.
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Data Bridge Market Research analyzes that the U.S. Advanced Wound Care Market, which was USD 3,343.11 million in 2022, is expected to reach USD 7,334.55 million by 2030 and is expected to undergo a CAGR of 5.90% during the forecast period 2023 to 2030. The expanding elderly demographic, susceptible to chronic wounds, propels the demand for advanced wound care solutions. As the aging population increases, there is a pressing need for innovative therapies and products to address the unique challenges associated with chronic wounds in this demographic, fostering growth in the market.
Key Findings of the Study
Surgical demand is expected to drive the market's growth rate
The escalating frequency of surgical procedures fuels a demand surge for advanced wound care products. As surgical interventions become more prevalent, there is a critical need for efficacious wound care solutions that facilitate rapid and complication-free healing. Advanced wound care products, tailored to meet the demands of post-surgical recovery, are pivotal in enhancing patient outcomes and reducing complications. This trend underscores the importance of continuous innovation in wound care to meet the evolving needs of patients undergoing diverse surgical interventions.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (Dressing, Therapy Device, Biologics, Others), Wound Type (Primary Wound Care, Secondary Wound Care), Wound Class (Class I, Class II, Class III, Class IV), End-User (Hospitals, Wound Care Centres, Ambulatory Centres, Home Healthcare, Clinics, Others), Distribution Channel (Direct Tenders, Retail)
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Market Players Covered
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EKCI Licensing, Inc. (U.S.), Smith and Nephew (U.K.), Medline Industries, Inc. (U.S.), 3M (U.S.), ConvaTec Group PLC (U.K.), Medtronic plc (Ireland), Mölnlycke Health Care AB (Sweden), Advancis Medical (U.K.), PAUL HARTMANN AG (Germany), Integra LifeSciences Corporation (U.S.), Organogenesis Holdings Inc. (U.S.), Coloplast Group (Denmark), B. Braun Melsungen AG (Germany), Baxter (U.S.), Johnson & Johnson Services, Inc. (U.S.), Anika Therapeutics, Inc. (U.S.), and ACell, Inc. (U.S.) among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Segment Analysis:
The U.S. advanced wound care market is segmented on the basis of product type, wound type, wound class, end-user, and distribution channel.
- On the basis of product type, the U.S. advanced wound care market is segmented into dressing, therapy device, biologics, and others
- On the basis of wound type, the U.S. advanced wound care market is segmented into primary wound care, and secondary wound care
- On the basis of wound class, the U.S. advanced wound care market is segmented into class I, class II, class III, and class IV
- On the basis of end-user, the U.S. advanced wound care market is segmented into hospitals, wound care centres, ambulatory centres, home healthcare, clinics, and others
- On the basis of distribution channel, the U.S. advanced wound care market is segmented into direct tenders, and retail
Major Players
Data Bridge Market Research recognizes the following companies as the major U.S. advanced wound care market players in U.S. advanced wound care market are Medtronic plc (Ireland), Mölnlycke Health Care AB (Sweden), Advancis Medical (U.K.), PAUL HARTMANN AG (Germany), Integra LifeSciences Corporation (U.S.), Organogenesis Holdings Inc. (U.S.)
Market Developments
- In September 2022, Evonik entered a distribution agreement with Coopmed, a medical technology consulting and sales company, for the exclusive distribution of Epicite wound dressing in Germany. Epicite, crafted from biosynthetic cellulose, is designed for chronic wound management. Coopmed is now the sole distributor, facilitating broader access to this innovative wound care solution in the German market
- In May 2022, Germany's Technical University of Munich launched an innovative film dressing utilizing mucin molecules. This dressing shields wounds and releases active drugs, promoting accelerated healing, bacteria expulsion, and inflammation inhibition. A groundbreaking feature is its self-decomposition on the skin, offering a novel solution for sensitive skin, marking a significant advancement in wound care technology
- In January 2022, PolyNovo launched NovoSorb BTM synthetic wound matrix technology at Arab Health 2022. Leveraging their patented NovoSorb polymer technology, PolyNovo aimed to address the demand for a safe and biodegradable synthetic product suitable for medical devices, marking a significant advancement in wound care solutions
- In September 2021, St. Vincent's Toowoomba in Australia partnered with the Prison Health Project for an innovative wound care initiative. Partnership with the Aboriginal community, St. Vincent's played a pivotal role in inspiring and developing a cutting-edge wound care program. This Partnership aims to address specific healthcare needs while fostering community involvement and well-being in the context of wound care
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