UK Wound Closure And Advanced Wound Care Market Size & Outlook
UK wound closure and advanced wound care market, 2018-2030 (US$M)
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UK wound closure and advanced wound care market highlights
- The UK wound closure and advanced wound care market generated a revenue of USD 72.6 million in 2023 and is expected to reach USD 102.0 million by 2030.
- The UK market is expected to grow at a CAGR of 5% from 2024 to 2030.
- In terms of segment, fibrin-based sealants was the largest revenue generating product in 2023.
- Hydrocolloids-based Sealants is the most lucrative product segment registering the fastest growth during the forecast period.
Wound closure and advanced wound care market data book summary
| Market revenue in 2023 | USD 72.6 million |
| Market revenue in 2030 | USD 102.0 million |
| Growth rate | 5% (CAGR from 2023 to 2030) |
| Largest segment | Fibrin-based sealants |
| Fastest growing segment | Hydrocolloids-based Sealants |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fibrin-based Sealants, Collagen-based Sealants, Hydrocolloids-based Sealants, Synthetic Adhesives |
| Key market players worldwide | Smith & Nephew PLC, Molina Healthcare Inc, Acelity, ConvaTec Group PLC, Baxter International Inc, Johnson & Johnson, Coloplast A/S ADR, Medtronic PLC, 3M Co, Medline Industries |
Other key industry trends
- In terms of revenue, UK accounted for 5.1% of the global wound closure and advanced wound care market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, UK wound closure and advanced wound care market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 102.0 million by 2030.
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Wound Closure And Advanced Wound Care Market Scope
Wound Closure And Advanced Wound Care Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK wound closure and 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 wound closure and advanced wound care market will help companies and investors design strategic landscapes.
Fibrin-based sealants was the largest segment with a revenue share of 28.65% in 2023. Horizon Databook has segmented the UK wound closure and advanced wound care market based on fibrin-based sealants, collagen-based sealants, hydrocolloids-based sealants, synthetic adhesives covering the revenue growth of each sub-segment from 2018 to 2030.
The UK has universal healthcare system where majority of the population is covered under free healthcare services offered by national healthcare centers. Thus, competition in the market is high as government is the key customer for market players offering treatment for sports injuries, chronic diseases, and other disorders in the UK.
Furthermore, free healthcare services offered by the government has resulted in high demand for wound closure & advanced wound care treatments in the UK. Therefore, presence of several key players coupled with favorable reimbursement policies are anticipated to boost the market growth over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK wound closure and advanced wound care market , including forecasts for subscribers. This country databook contains high-level insights into UK wound closure and advanced wound care market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK wound closure and advanced wound care market size, by product, 2018-2030 (US$M)
UK Wound Closure And Advanced Wound Care Market Outlook Share, 2023 & 2030 (US$M)
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