North America Advanced Wound Care Market To Reach $6.7 Billion By 2030

North America Advanced Wound Care Market Growth & Trends

The North America advanced wound care market size is anticipated to reach USD 6.7 billion by 2030, registering a CAGR of 4.79% from 2024 to 2030, according to a new report by Grand View Research, Inc. Growth in the aging population as well as increasing figure of diabetic patients are some major factors driving this market's growth. For instance, as per a United Health Foundation report (published in May 2023), more than 55.8 million adults aged 65 and older lived in the U.S., accounting for about 16.8% of the nation's population in 2021, increasing number of senior populations is anticipated to propel the market growth during the forecast period.

There has been a growth in the number of surgical procedures and traumatic incidents. For instance, per iData Research's report, published in August 2023, more than 900,000 cardiac surgery procedures are performed in the U.S. annually, which is expected to reach 1.3 million by 2029. Similarly, there has been an increase in the number of surgical site infections. Advanced wound care products help reduce these surgical site infections. An increase in the number of surgical site infections is expected to drive the market growth over the forecast period.

In addition, many leading manufacturers are introducing new products, which may help them capitalize on the increasing demand for advanced wound care products during the forecast period. For instance, in September 2022, PolyNovo Limited Company received FDA 510 (k) clearance for its product 'NovoSorb MTX'. This product is intended to be used to manage complex chronic wounds. Thus, the above-mentioned factors are boosting market growth.

 Request a free sample copy or view report summary: North America Advanced Wound Care Market Report

North America Advanced Wound Care Market Report Highlights

• Based on product, the moist wound care segment dominated the market in 2023, owing to an increase in number of chronic wound patients

• Based on application, the acute wound segment is likely to dominate the market in the forecast period, owing to an increase in number of diabetic foot ulcers

• Based on the end-use, the hospital segment dominated the advanced wound care market, owing to an increasing number of surgeries among hospital patients. On the other hand, the home healthcare segment is anticipated to witness the fastest growth of CAGR over the forecast period

• U.S. dominated the market with the highest revenue share in 2023, owing to the increasing number of surgical procedures and technological advancements

North America Advanced Wound Care Market Segmentation

Grand View Research has segmented the North America advanced wound care market based on the product, application, end-use, and region:

North America Advanced Wound Care Product Outlook (Revenue, USD Million, 2018 - 2030)

• Moist wound care

  • Foam Dressings

  • Hydrocolloid Dressings

  • Film Dressings

  • Alginate Dressings

  • Hydrogel Dressings

  • Collagen Dressings

  • Other Advanced Dressings

• Antimicrobial wound care

  • Silver

  • Non-silver

• Active wound care

  • Biomaterials

  • Skin-substitute

  • Growth Factors

North America Advanced Wound Care Application Outlook (Revenue, USD Million, 2018 - 2030)

• Chronic wounds

  • Diabetic Foot Ulcers

  • Pressure Ulcers

  • Venous Leg Ulcers

  • Other Chronic Wounds

• Acute wounds

  • Surgical & Traumatic Wounds

  • Burns

North America Advanced Wound Care End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals

• Specialty Clinics

• Home healthcare

• Others

North America Advanced Wound Care Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

List of Key Players in the North America Advanced Wound Care Market

• Smith & Nephew

• Mölnlycke Health Care AB

• ConvaTec Group PLC

• Baxter International

• URGO Medical

• Coloplast Corp.

• Medtronic

• 3M

• Derma Sciences Inc. (Integra Life Sciences)

• Medline Industries