U.S. Wound Closure And Advanced Wound Care Market Size & Outlook
U.S. wound closure and advanced wound care market, 2018-2030 (US$M)
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U.S. wound closure and advanced wound care market highlights
- The U.S. wound closure and advanced wound care market generated a revenue of USD 548.7 million in 2023 and is expected to reach USD 731.6 million by 2030.
- The U.S. market is expected to grow at a CAGR of 4.2% 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 548.7 million |
| Market revenue in 2030 | USD 731.6 million |
| Growth rate | 4.2% (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, U.S. accounted for 38.8% 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 North America, U.S. wound closure and advanced wound care market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 133.5 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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U.S. 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 27.88% in 2023. Horizon Databook has segmented the U.S. 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 U.S. held the largest share in North America wound care market in 2019. The well-developed healthcare infrastructure, increasing awareness about usage of advanced wound care products, and presence of several key market players are the major drivers of the market. In addition, increase in number of orthopedic procedures due to high prevalence of sports injuries is also anticipated to drive the market.
For instance , as per the report published by the Stanford Children's Health in 2018, more than 3.50 million sports injuries are reported in the U.S. every year. Hence, such factors are anticipated to propel the market growth in the U.S. over the forecast period.
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Our clientele includes a mix of wound closure and advanced wound care market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. wound closure and advanced wound care market , including forecasts for subscribers. This country databook contains high-level insights into U.S. wound closure and advanced wound care market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. wound closure and advanced wound care market size, by product, 2018-2030 (US$M)
U.S. Wound Closure And Advanced Wound Care Market Outlook Share, 2023 & 2030 (US$M)
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