China Chronic Wound Care Market Size & Outlook, 2023-2030
China chronic wound care market, 2018-2030 (US$M)
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China chronic wound care market highlights
- The China chronic wound care market generated a revenue of USD 438.2 million in 2023 and is expected to reach USD 628.2 million by 2030.
- The China market is expected to grow at a CAGR of 5.3% from 2024 to 2030.
- In terms of segment, advanced wound dressing was the largest revenue generating product in 2023.
- Advanced Wound Dressing is the most lucrative product segment registering the fastest growth during the forecast period.
Chronic wound care market data book summary
| Market revenue in 2023 | USD 438.2 million |
| Market revenue in 2030 | USD 628.2 million |
| Growth rate | 5.3% (CAGR from 2023 to 2030) |
| Largest segment | Advanced wound dressing |
| Fastest growing segment | Advanced Wound Dressing |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Advanced Wound Dressing, Surgical Wound Care, Traditional Wound Care, Wound Therapy Devices |
| Key market players worldwide | Johnson & Johnson, Baxter International Inc, Coloplast A/S ADR, 3M Co, ConvaTec Group PLC, Integra Lifesciences Holdings Corp, Smith & Nephew PLC, Medline Industries, Molnlycke Health Care, Paul Hartmann |
Other key industry trends
- In terms of revenue, China accounted for 3.3% of the global chronic 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 chronic 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 492.4 million by 2030.
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Chronic Wound Care Market Scope
Chronic Wound Care Market Companies
| Name | Profile | # Employees | HQ | Website |
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China chronic 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 chronic wound care market will help companies and investors design strategic landscapes.
Advanced wound dressing was the largest segment with a revenue share of 35.05% in 2023. Horizon Databook has segmented the China chronic wound care market based on advanced wound dressing, surgical wound care, traditional wound care, wound therapy devices covering the revenue growth of each sub-segment from 2018 to 2030.
Regulatory process for product approvals is comparatively less stringent in China, which facilitates easy entry of advanced products in the market. In addition, availability of resources enables advancements in technology at cheaper costs that has led to an increase in the number of manufacturing facilities in the country.
In addition, China has released Order 650 (former Order 276), Regulations for the Supervision and Administration of Medical Devices to restrict foreign investment in the country, majorly to protect local medical devices manufacturing companies.
Hence, the number of local wound care devices manufacturers is anticipated to increase owing to which the market is expected to grow over the forecast period.
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Our clientele includes a mix of chronic wound care market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the China chronic wound care market , including forecasts for subscribers. This country databook contains high-level insights into China chronic wound care market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China chronic wound care market size, by product, 2018-2030 (US$M)
China Chronic Wound Care Market Outlook Share, 2023 & 2030 (US$M)
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