Wound Evacuators Market

Wound Evacuators Market Outlook (2022 to 2032)

The global wound evacuators market size is estimated to be valued at USD 383.3 Million in 2022. Furthermore, amid the increasing incidence of acute and chronic wounds such as diabetic foot ulcers, post-surgical ulcers, venous ulcers, and pressure ulcers, and rising spending on wound care, the overall wound evacuator sales are projected to grow at a steady CAGR of 4.1% between 2022 and 2032, generating revenues worth USD 593.6 Million by the end of 2032.

Attributes	Key Statistics
Global Wound Evacuators Market CAGR (2022 to 2032)	4.1%
Global Wound Evacuators Market Estimated Value (2022)	USD 383.3 Million
Global Wound Evacuators Market Projected Value (2032)	USD 593.6Million

Wound evacuators are medical devices used for the management and treatment of acute and chronic wounds. They are being increasingly used for the extraction of body fluids from patients to facilitate wound healing.

Over the years, wound evacuators have become highly sought-after medical devices used in post-operative wound management for removing drainage from wounds to prevent infection and facilitate wound healing.

The surge in the number of wounds due to accidents and chronic diseases like diabetes is a key factor driving growth in the global wound evacuators market. A sedentary lifestyle and unhealthy eating habits have resulted in the rise of diabetes worldwide. According to the International Diabetes Federation (IDF), the total number of people living with diabetes is expected to rise to 643 million in 2030 and 783 million by 2045.

Diabetes often leads to serious complications like diabetic foot ulcers which are fatal in nature. For instance, various researches have suggested that 30% of people who develop a diabetic foot ulcer will die within 5 years. This will continue to create a conducive environment for wound evacuators market growth during the forecast period.

How Will Rising Prevalence of Wounds Influence the Growth in Wound Evacuators Market?

As per FMI, the global demand for wound evacuators is projected to increase at a CAGR of 4.1% between 2022 and 2032, in comparison to the 3% CAGR registered from 2017 to 2021. Growth in the global wound evacuators market is mainly driven by the rising incidence of acute and chronic wounds, increasing healthcare spending, and the growing need for better wound care to reduce complications.

Wound evacuators have become ideal solutions for better wound management used across healthcare facilities. These medical devices allow healthcare professionals to remove infection and facilitate wound healing.

The rising prevalence of chronic wounds such as diabetic foot ulcers, pressure ulcers, and venous ulcers is a key factor pushing the demand for wound evacuators across the world. As per the International Diabetes Federation (IDF), diabetic foot and lower limb complications affect around 40 to 60 million people with diabetes globally. This rise in the number of diabetic foot ulcers will therefore continue to boost the wound evacuators market growth during the forecast period.

Similarly, rising preference for cost-effective wound treatment and advancements in wound evacuators will create lucrative opportunities for wound evacuator manufacturers in the coming years.

The growing adoption of wound evacuators in homecare settings to minimize the risk of infections and reduce healthcare costs is projected to expand the global wound evacuators market size in the future.

Which Factors are Challenging the Growth of Wound Evacuators Market?

Despite a positive growth trajectory, the global wound evacuators market is facing various challenges that are restraining its growth to some extent. Some of these factors are higher prices of wound evacuators, scarcity of trained professionals, and increasing usage of traditional wound management across lower economies.

Why is North America Emerging as an Opportunistic Wound Evacuators Market?

As per FMI, North America will continue to dominate the global wound evacuators market, accounting for the largest share of 33.9% in 2022. Demand in the North American wound evacuators market is driven by the rising prevalence of chronic diseases, the highly established healthcare industry, increasing spending on wound care, and the heavy presence of leading wound evacuator manufacturers.

Demand for wound evacuators is particularly high across the USA owing to a surge in cases of pressure ulcers and their (pressure ulcers) high morbidity and mortality rates. According to the Agency for Healthcare Research and Quality (AHRQ), over 2.5 million people in the United States develop pressure ulcers each year. This is acting as a catalyst for the growth of the wound evacuators market in the country.

Similarly, rising healthcare spending, an increasing number of hospitals, clinics, and ambulatory centers, and the presence of some of the world’s leading medical device companies are positively impacting the market growth in the region.

Why is the Demand for Wound Evacuators Burgeoning in Europe?

In Europe, the market for wound evacuators is growing significantly owing to the high levels of health awareness among people, the surging burden of chronic wounds, booming medical tourism, favorable government support, and increasing usage of wound evacuators in chronic wound management. According to FMI, Europe holds a share of 27.4% of the global wound evacuators market and this number is likely to further improve during the forecast period.

Within Europe, the United Kingdom and Germany are emerging as the most lucrative markets for wound evacuators due to the increasing incidence of chronic wounds and rising spending on wound care. For instance, as per GOV.UK, there are over 2.2 million people with chronic wounds in the country. Similarly, as per a report published in the Journal of the European Wound Management Association (EWMA Journal), around 0.24% of the population in Germany is affected by chronic wounds. Driven by this, sales of wound evacuators are projected to grow at a considerable pace in the region during the forthcoming years.

How are Start-ups Changing the Global Wound Evacuators Market Dynamics?

Over the years, the field of wound care has witnessed huge developments and advancements from traditional wound management methods to novel ones like negative pressure wound therapy. This has raised interest among various companies to try their hands at manufacturing wound care therapeutics and devices. As a result, there has been a sharp rise in the number of wound-care start-ups that offer a variety of wound management devices like wound evacuators. For instance,

• In 2020, NanoTess was started in the USA to solve the world's toughest health challenges beginning with chronic wounds.
• Guard Medical, a privately-held company, was founded in 2020 to develop easy-to-use and cost-effective solutions that enable prophylactic Negative Pressure Wound Therapy (NPWT) wound care of closed surgical incisions.

Who are the Key Players in the Global Wound Evacuators Market?

Some of the key wound evacuator manufacturers include Zimmer, Medline Industries, Inc., C. R. Bard, Inc., Redax, Aspen Surgical (sub. Hill-Rom Company), Argon Medical Devices, Inc., and Plasti-med Medikal Ürünler San. Tic. Ltd. among others. These leading players are continuously adopting strategies such as new product launches, mergers, acquisitions, collaborations, and mergers to gain a competitive edge in the global wound evacuators market.

• In December 2020, Zimmer Biomet completed the acquisition of A&E Medical Corporation to expand its product offerings.
• In May 2019, Argon Medical Devices, a global manufacturer of specialty medical devices used in interventional procedures, acquired Mana-Tech, Ltd. To expand its commercial reach in the United Kingdom Ireland, and other European countries.

Report Scope

Report Attribute	Details
Growth Rate	CAGR of 4.1% from 2022 to 2032
Market Value in 2022	USD 383.3 Million
Market Value in 2032	USD 593.6 Million
Base Year for Estimation	2021
Forecast Period	2022 to 2032
Quantitative Units	Revenue in USD Million and CAGR from 2022 to 2032
Report Coverage	Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segments Covered	Product Type, Wound Type, End User, Region
Regions Covered	North America; Latin America; Europe; Asia Pacific; Middle East and Africa
Key Countries Profiled	United States of America, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, China, Japan, South Korea, Malaysia, Singapore, Australia, GCC Countries, South Africa, Israel
Key Companies Profiled	Zimmer; Medline Industries, Inc.; C. R. Bard, Inc.; Redax; Aspen Surgical (sub. Hill-Rom Company); Argon Medical Devices, Inc.; Plasti-med Medikal Ürünler San. Tic. Ltd.
Customization	Available Upon Request

Key Segments Covered in the Wound Evacuators Industry Survey

By Product Type:

• Open Systems
• Closed Systems

By Wound Type:

• Chronic Wounds
• Pressure Ulcers
• Diabetes Foot Ulcers
• Venous Ulcers
• Acute Wounds
• Others

By End User:

• Hospitals
• Clinics
• Others

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific
• Japan
• Middle East and Africa

Frequently Asked Questions

What is the current wound evacuator market size?

As per FMI, the global wound evacuators market size is estimated to reach USD 383.3Million in 2022

What is the demand outlook for the global wound evacuators market?

Demand in the global wound evacuators market is expected to grow at a CAGR of 4.1% through 2032

What is the projected market valuation for wound evacuators market by 2032?

The global wound evacuators market is projected to reach a valuation of USD 593.3 Million by 2032

Which regions dominate the global wound evacuators market?

North America dominates the global wound evacuators market with a share of around 33.9%.