Traditional Wound Management Market to Surpass USD 9.82 Billion by 2032
The global traditional wound management market was valued at USD 6.16 billion in 2022 and is estimated to surpass around USD 9.82 billion by 2032, growing at a healthy CAGR of 4.78% from 2023 to 2032. The market will experience rapid growth due to the increasing prevalence of chronic infections during the forecast period.
Newark, Oct. 23, 2023 (GLOBE NEWSWIRE) — The Brainy Insights estimates that the USD 6.16 billion in 2022 global traditional wound management market will reach USD 9.82 billion in 2032. Thermal or physical damage results in a wound on the epithelial lining of the skin or mucosa. The type and duration of the healing process can distinguish acute and chronic wounds. An acute wound is a skin damage brought on by an accident or medical operation. The healing process for skin injuries to the epidermis and dermis layers typically takes eight to twelve weeks, depending on their size, depth, and severity. However, persistent wounds are typically unable to heal and cannot be treated promptly or systematically. The most often used therapeutic dressings are conventional or inert because of their inexpensive cost and simple manufacturing process.
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Report Coverage Details
|Market Size in 2022||USD 6.16 Billion|
|Market Size in 2032||USD 9.82 Billion|
|No. of Pages in Report||237|
|Segments Covered||Product Type, Application and End-users|
|Drivers||Benefits of traditional wound management|
|Opportunities||Increasing cases of chronic diseases|
|Restraints||The inefficiency of traditional dressings|
Key Insight of the Global Traditional Wound Management Market
North America will dominate the market during the forecast period.
Chronic diseases like cancer, heart disease, diabetes, and increased traffic accidents are on the rise in the region, which drives the demand for traditional wound management in countries like the United States and Canada. Many of the older population is susceptible to chronic wounds, which also augments the growth.
The gauze segment dominated the market, with a share of around 43.10% in 2022.
The product type segment is divided into gauze, bandages, tapes, and cotton. The gauze segment dominated the market, with a share of around 43.10% in 2022.
The acute wounds segment dominated the market, with a share of around 63.19% in 2022.
The application segment is divided into acute wounds and chronic wounds. The acute wounds segment further includes surgical and traumatic wounds and burns. The chronic wounds segment further includes pressure ulcers, diabetic foot ulcers, venous leg ulcers and others. The acute wounds segment dominated the market, with a share of around 63.19% in 2022.
The hospital segment dominated the market, with a share of around 51.83% in 2022.
The end-user segment is divided into hospitals, clinics, home healthcare, and others. The hospital segment dominated the market, with a share of around 51.83% in 2022.
Advancement in market
The first-ever FDA clearance was granted to 3M Health Care’s groundbreaking 3M Veraflo Therapy, which uses hydromechanical removal to remove infectious materials, non-viable tissue, and wound debris. This lessens the need for surgical debridements by encouraging granulation tissue formation and fostering an environment that aids wound healing. Wound care professionals now have a tried-and-true method to speed healing and lessen the need for surgery with Veraflo Therapy. A clinically validated therapy known as Veraflo Therapy in conjunction with Veraflo Cleanse Choice Complete Dressing, or V.A.C. Veraflo Cleanse Choice Dressing, can minimize the number of necessary surgical debridements and expedite the wound’s preparation for closure. According to data, Veraflo Therapy may also help shorten therapy sessions and length of stay.
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Driver: increasing awareness about the advantages of traditional wound care.
In conventional wound treatment, cotton, gauze, and lint dressings are frequently utilized. The first site where traditional materials for healing wounds were widely employed was ancient Egypt. They also applied honey to the wounds because they thought it had therapeutic qualities. Despite recent advancements in wound care dressing materials, traditional wound dressings are still utilized in wound therapy, especially in developing countries. Historically, dressings have performed various functions, including haemostasis, cosmesis, protection, absorption, and support. Clinical practice typically uses traditional wound dressings since they are simple to use and reasonably priced.
Restraints: The ineffectiveness of traditional dressings.
Unlike traditional wound dressings, traditional wound dressings cannot maintain the wound’s moisture content, which is now known to be essential for the greatest potential wound healing. Traditional wound dressings can potentially cause harm because they adhere to the wound bed. Furthermore, traditional dressings such as gauze sometimes provide weakened protection against bacterial infection.
Opportunities: Growing number of chronic illnesses.
Growing numbers of chronic illness cases have resulted in a high rate of wounds, particularly in the elderly population. Numerous illnesses these chronic diseases induce in the body might impair immunity and disrupt blood flow. Additionally, severe pain brought on by chronic illnesses can be quite uncomfortable for individuals. Several chronic disorders are commonly associated with ageing, such as those affecting the heart, kidneys, musculoskeletal system, lungs, neurological system, and blood vessels. Several chronic disorders impact the development, healing, and management of wounds.
Challenges: the lack of awareness.
The increasing availability, accessibility and affordability of advanced wound care will challenge the traditional wound management market as more and more people look towards quick fixes for instant relief, comfort and healing.
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Some of the major players operating in the global traditional wound management market are:
• ConvaTec Group PLC
• DermaRite Industries LLC.
• Hollister Incorporated
• DeRoyal Industries Inc.
• Coloplast A/S
• Integra LifeSciences Holdings Corp.
• Medtronic plc.
• Smith & Nephew plc.
• Mölnlycke Health Care AB
• B. Braun Melsungen AG
• Johnson & Johnson Pvt. Ltd.
• PAUL HARTMANN AG
Key Segments covered in the market:
By Product Type
• Acute Wounds
o Traumatic Wounds and Burns
• Chronic Wounds
o Pressure Ulcers
o Diabetic Foot Ulcers
o Venous Leg Ulcers
• Home Healthcare
• North America (U.S., Canada, Mexico)
• Europe (Germany, France, the UK, Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America)
• The Middle East and Africa (UAE, South Africa, Rest of MEA)
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About the report:
The market is analyzed based on value (USD Billion). All the segments have been analyzed on a worldwide, regional, and country basis. The study includes the analysis of more than 30 countries for each part. The report analyses driving factors, opportunities, restraints, and challenges to gain critical market insight. The study includes Porter’s five forces model, attractiveness analysis, Product analysis, supply and demand analysis, competitor position grid analysis, distribution, and marketing channels analysis.
About The Brainy Insights:
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