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    North America Advanced Wound Care Market Size By Application (Diabetic Wounds, Skin Burn Wounds, Pressure Wounds, Surgical Wounds, Venous Legs Ulcers), By Product (Wound Dressings {Antimicrobial Dressings, Alginate Dressings, Hydrogel Dressings, Foam Dressings, Film Dressings, Hydrocolloidal Dressings}, Wound Therapy Devices, {Negative Pressure Wound Therapy Systems, Pressure Relief Devices, Electrostimulation Devices, Oxygen and Hyperbaric Oxygen Equipment}), By End-use (Hospitals, Homecare Settings), Research Report, Country Outlook (U.S., Canada), Country Outlook, Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2021 - 2027
    Published Date: February 2021   |   Report ID: GR1685   |   Delivery: PDF  Request Free Sample

    Industry Trends

    North America Advanced Wound Care Market size surpassed USD 4.4 billion in 2020 and is estimated to expand at over 4.1% CAGR between 2021 and 2027.

    Surging prevalence of chronic disorders including diabetic foot ulcers, obesity and other diseases will enhance the need for advanced wound care products such as wound therapy devices and wound dressings. For instance, according to the Centres for Disease Control and Prevention (CDC), about 6 in 10 adults across the U.S. are suffering from chronic disorders. Similarly, as per the American Diabetes Association, around 34.2 million Americans had diabetes in 2018. Thus, rising prevalence of chronic disorders among in the U.S. will create huge demand for advanced wound care products.
     

    North America Advanced Wound Care Market

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    North American Market, By Product

    The wound therapy devices segment accounted for around USD 1.5 billion revenue in 2020. Wound therapy devices such as pressure relief devices, negative pressure wound therapy, and electrostimulation devices have wide applications in aesthetic surgeries and tissue repair. Key industry players have developed portable wound therapy products that offers convenience and can be utilized at home for chronic wound treatments such as foot ulcers.

    North American Market, By Application

    North America Advanced Wound Care Market

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    Skin burns segment held for over USD 1 billion market value in 2020. Surging cases of skin burns will pave the way for advanced wound care products. Increasing preference for advanced wound care therapies in treating skin burns will foster the segment growth. Advancements in wound care management have improved several aspects of burn care including intensive care and surgical management. 

    North American Market, By End-use

    The hospitals segment dominated over 40% market share in 2020 due to rising application of wound therapy devices in hospitals for effective wound care. Availability of skilled healthcare professional’s for curing road accidents and trauma patients with well-developed infrastructure in hospital settings will further stimulate the industry progression.

    North American Market, By Country

    The U.S. advanced wound care market is predicted to observe a growth rate of 3.5% through 2027. Rising incidences of chronic disorders such as obesity, diabetes, along with significant rise in occurrence of chronic wounds will spur the market expansion. Rising number of diabetic injuries in patients can create significant demand for advanced wound care products.

    Competitive Market Share

    Some of the prominent players operating in the industry include Smith & Nephew, 3M, Medtronic, Coloplast, Hartmann International, B. Braun, Lohmann & Rauscher, ConvaTec Group, and others.

    These business players are undertaking several organic and inorganic growth strategies to capture larger market revenue in the industry. For instance, in July 2019, Integra LifeSciences announced partnership with Tissue Analytics for developing and advancing wound repair products. The strategic move aimed at widening its existing product offerings.
     


    Frequently Asked Question(FAQ) :

    What is the projected rate of growth for North America advanced wound care industry?
    The market for advanced wound care products in North America had exceeded USD 4.4 billion in 2020 and will record more than 4.1% CAGR up to 2027.
    How are increasing skin burn cases driving advanced wound care demand in America?
    The North America industry share from the skin care segment hit USD 1 billion during 2020 and will grow owing to better surgical management and intensive care provided.
    Why are advanced wound care therapy devices witnessing high demand in North America?
    The North America market for wound therapy devices was valued at USD 1.5 billion in 2020 and will expand through 2027 with applications in tissue repair and aesthetic procedures.
    Where is the highest volume of advanced wound care products used in North America?
    Hospitals accounted for around 40% of the regional market share in 2020 due to strong infrastructure and access to skilled healthcare professionals.
    What are the factors augmenting U.S. advanced wound care market forecast?
    The U.S. market size is expected to witness nearly 3.5% CAGR between 2021-2027 with higher cases of diabetes, obesity and other chronic disorders.

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