Australia Advanced Wound Care Market Size & Outlook
Australia advanced wound care market, 2018-2030 (US$M)
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Australia advanced wound care market highlights
- The Australia advanced wound care market generated a revenue of USD 100.6 million in 2023 and is expected to reach USD 154.1 million by 2030.
- The Australia market is expected to grow at a CAGR of 6.3% from 2024 to 2030.
- In terms of segment, moist was the largest revenue generating product in 2023.
- Antimicrobial is the most lucrative product segment registering the fastest growth during the forecast period.
Advanced wound care market data book summary
| Market revenue in 2023 | USD 100.6 million |
| Market revenue in 2030 | USD 154.1 million |
| Growth rate | 6.3% (CAGR from 2023 to 2030) |
| Largest segment | Moist |
| Fastest growing segment | Antimicrobial |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Moist, Antimicrobial, Active |
| Key market players worldwide | ConvaTec Group PLC, Smith & Nephew PLC, Molnlycke Health Care, B. Braun, 3M Co, URGO, Coloplast A/S ADR, Integra Lifesciences Holdings Corp, Medline Industries |
Other key industry trends
- In terms of revenue, Australia accounted for 1.4% of the global advanced wound care market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China advanced wound care market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 305.8 million by 2030.
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Advanced Wound Care Market Scope
Advanced Wound Care Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia advanced wound care market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to advanced wound care market will help companies and investors design strategic landscapes.
Moist was the largest segment with a revenue share of 58.75% in 2023. Horizon Databook has segmented the Australia advanced wound care market based on moist, antimicrobial, active covering the revenue growth of each sub-segment from 2018 to 2030.
Increase in number of chronic diseases in Australia mays help the market grow. For instance, according to Australian Bureau of Statistics, 47% of Australian have one or more chronic conditions, this number has increased by 5% over the last decade.
Moreover, government funding to hospitals and growth in number of hospitals are factors expected to increase the demand for advanced wound care products in the country. As per the Australian Medical Association report 2019, in 2017-2018, there were around 8,017,492 people admitted to public hospital emergency departments in Australia.
As per the same source, the number of emergency admissions increased on average 2.7 per year over the 4 years, from 2013-2014 to 2017-2018. Therefore, increase in number of chronic disorders, along with increase in government spending, the market is expected to impel.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia advanced wound care market , including forecasts for subscribers. This country databook contains high-level insights into Australia advanced wound care market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia advanced wound care market size, by product, 2018-2030 (US$M)
Australia Advanced Wound Care Market Outlook Share, 2023 & 2030 (US$M)
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