The global Traditional Wound Management Market was valued at USD 5,059.1 million in 2022. The market is worth USD 5,185.6 million in 2023. Demand for wound assessment and treatment in the global market is predicted to surge at a CAGR of 2.5% from 2023 to 2033. Following this moderate growth rate, the overall market valuation is expected to surpass USD 6,638 million by 2033.
| Report Attributes | Details |
|---|---|
| Traditional Wound Management Market Revenue (2023) | USD 5,185.6 million |
| Market Anticipated Forecast Value (2033) | USD 6,638 million |
| Market Projected Growth Rate (2023 to 2033) | 2.5% |
| Collective Value Share of 5 Top Performing Countries in 2022 | 51.7% |
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The traditional wound management market value was USD 5,059.1 million in 2022. The traditional wound management market grew at a CAGR of 3.1% from 2018 to 2022.
| Attributes | Details |
|---|---|
| Traditional Wound Management Market Size (2018) | USD 4,342.4 million |
| Traditional Wound Management Market Size (2022) | USD 5,059.1 million |
| Value-based CAGR (2018 to 2022) | 3.1% |
Increasing surgical procedures and a surge in the adoption of technically advanced products are expected to drive the market over the forecast period. The inclination toward innovative technology-driven treatment regimens is predicted to rise as they can handle wound healing in less time than traditional approaches.
With traditional wound care products and their anti-microbial properties, wound healing time is reduced and is also cost-effective. Further, the growing number of patient footfalls in hospitals is one of the significant factors boosting the chronic wound care market size and share. The traditional wound treatment market is expected to grow at a CAGR of 2.5% during the forecast period.
Principal Consultant
The demand for medical wound management is predicted to increase amid the growing incidence of wounds and the rising prevalence of surgically acquired infections. Moreover, the increasing number of cases due to surgical and chronic wounds is propelling the need for traditional wound management systems. The prevalence of trauma and chronic diseases such as diabetes and ulcers also strengthens the current developments in traditional wound care.
As per the American Association for the Surgery of Trauma, over 3,000 people succumb to road accident wounds daily. To curb the global burden, healthcare facilities increasingly adopt traditional wound management systems, especially in low and middle-income economies.
A growing shift in wound healing and care dynamics, along with improvements in traditional wound management products, is expected to create a conducive environment for the market. Subsequently, several leading healthcare companies are introducing digital education portals for healthcare specialists for better guidance in wound care management.
Growth in the global traditional wound management services is expected to bridge the gap in the availability of a skilled workforce and the implementation of new technologies.
For instance, eIntegrity, The World Health Organization (WHO) Academy, and UNESCO are the leading platforms where physicians and healthcare professionals can specialize in different courses.
Negligence and unawareness still prevail in healthcare settings. The major problem that hinders the market growth of wound care products is that chronic wounds are still not considered a disease condition. This is because there is a poor understanding of the wound environment and its related bio-signaling pathways.
There is an absence of validated centers of excellence for wound care and a limited number of funding agencies primarily focusing on chronic wounds. According to a study on traditional wound dressings, this negatively influences the growth of the traditional wound management market.
The rising volumes of medical waste are also a huge problem because improper disposal can give rise to infections. As a result, proper management is required before traditional wound care products are incorporated into the patient and wound care system to reduce infection-related costs.
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| Countries | CAGR (2023 to 2033) |
|---|---|
| United Kingdom | 2.9% |
| Australia | 2.9% |
| China | 4.6% |
| India | 4% |
The table below represents the CAGRs of different countries for adopting traditional wound management products and services. As per the study, Asia Pacific is expected to spearhead the global traditional wound management products market growth over the forecast period. Growth in the region is attributed to the increasing adoption of traditional wound management facilities in countries including China, India, and Australia.
The United Kingdom dominated the traditional wound management industry in Europe. The market in the United Kingdom is expected to experience a CAGR of 2.9% over the forecast period.
An increasing number of surgeries and the prevalence of infectious diseases are boosting the traditional wound management market within the country. Also, human skin wounds are becoming a snowballing threat to the population, promoting the value of traditional wound care techniques.
China is one of the leading countries in the East Asia traditional wound management market, holding a 6% share globally in 2022. It is anticipated to grow at a 4.6% CAGR through 2033 with rising healthcare facilities in the region, along with the presence of prominent manufacturers.
In China, burns and diabetic foot ulcers are the most common causes of chronic cutaneous lesions. Diabetes-related foot ulceration is the leading reason for hospitalization of patients and is linked to higher death and disability rates. Considering the impact of chronic diseases on wounds, the advanced wound management market opportunities are also rising in the country.
India held a share of 4.6% of the global sales of advanced wound cleansing products in 2022. However, the demand for traditional wound management products is expected to continue to rise at a 4% CAGR through 2033.
Increasing burns and road accidents in India underpin growth in the market. According to the World Health Organization (WHO), nearly 1 million cases of burns were recorded across India in 2018, and the cases have surged exponentially. Growing incidences of chronic wounds, such as diabetic foot ulcers, venous leg ulcers, and pressure ulcers, create lucrative growth prospects for leading companies.
The market in Australia is expected to grow at a CAGR of 2.9% over the forecast period. The wound management market in Australia is experiencing growth due to the aging population and the increasing prevalence of chronic wounds, such as diabetic ulcers and pressure sores. The market size varies depending on population demographics, healthcare policies, and advancements in wound care technologies.
Gauzes are expected to present high growth, holding a global market share of about 39.5%. Gauzes are popular due to rising adoption in multiple applications such as cleaning, prepping, dressing, debriding wounds, and packing, thus gaining higher traction.
| Top Product Type | Gauzes |
|---|---|
| Market Share in 2023 | 39.5% |
In terms of application, the surgeries segment is expected to present high growth at 3.3% CAGR through 2033, with about 70.1% share in 2023. Rising adoption of products, lower procedure costs, reduced risk of contamination, and better clinical outcomes in hospital settings have driven this segment to lead in the market.
| Top Application Type | Surgeries |
|---|---|
| Market Share in 2023 | 70.1% |
The market is fragmented, with several competitors in the traditional wound infection and care landscape, particularly in developed economies. To meet consumer demand and expand their customer base, these companies are implementing methods such as indulging in partnerships and collaborations with healthcare centers.
Recent Developments in the Traditional Wound Management Market
| Attributes | Details |
|---|---|
| Estimated Market Size 2023 | USD 5,185.6 million |
| Projected Market Value 2033 | USD 6,638 million |
| CAGR 2023 to 2033 | 2.5% |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD Million for Value |
| Key Regions Covered | North America; Latin America; Europe; South Asia; East Asia; Oceania; and Middle East & Africa (MEA) |
| Key Countries Covered | USA, Canada, Brazil, Mexico, Argentina, United Kingdom, Germany, Italy, Russia, Spain, France, BENELUX, India, Thailand, Indonesia, Malaysia, Japan, China, South Korea, India, Indonesia, Malaysia, Thailand, Australia, New Zealand, Turkey, GCC Countries, North Africa, and South Africa |
| Key Market Segments Covered | By Product Type, By Application Type, By End User Type, and By Regional Markets |
| Key Companies Profiled | Smith & Nephew plc.; B. Braun Melsungen AG; Johnson & Johnson Pvt. Ltd.; Medtronic Plc.; Cardinal Health,; Derma Sciences Inc.; Paul Hartman AG; Molnlycke Health Care; Medline Industries, Inc.; DUKAL Corporation; BSN Medical |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The global traditional wound management market value was US$ 4,342.4 million in 2022.
The global market is anticipated to grow at a 2.5% CAGR through 2033.
The global market is predicted to be valued at US$ 6,638 million by 2033.
The United States accounts for nearly 26.5% of global revenue in 2023.
China is likely to witness a 4.6% CAGR in traditional wound treatment through 2033.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product 5.1. Bandages 5.1.1. Adhesive Bandages 5.1.2. Non-adhesive Bandages 5.1.3. Compression Bandages 5.2. Gauzes 5.2.1. Woven Gauzes 5.2.2. Non-woven Gauzes 5.3. Gauze Sponge 5.3.1. Woven Gauze Sponges 5.3.2. Non-woven Gauze Sponges 5.4. Sponges 5.4.1. Woven Sponges 5.4.2. Non-woven Sponges 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Skin and Diabetic Ulcers 6.2. Burns 6.3. Surgeries 6.4. Trauma 6.5. Others 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End User 7.1. Hospitals 7.2. Clinics 7.3. Diagnostic Centers 7.4. Homecare Settings 7.5. Ambulatory Surgical Centers 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Smith & Nephew plc. 18.2. B. Braun Melsungen AG 18.3. Johnson & Johnson Pvt. Ltd. 18.4. Medtronic Plc. 18.5. Cardinal Health 18.6. Derma Sciences Inc. 18.7. Paul Hartman AG 18.8. Molnlycke Health Care 18.9. Medline Industries, Inc. 18.10. DUKAL Corporation 18.11. BSN Medical 19. Assumptions & Acronyms Used 20. Research Methodology
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Traditional Wound Management Market
