Acute Wound Care Market Size, Share and Trends 2024 to 2034

Acute Wound Care Market Size and Forecast 2024 to 2034

The global acute wound care market size is calculated at USD 9.35 billion in 2024 and is projected to surpass around USD 14.27 billion by 2034, expanding at a CAGR of 4.32% from 2024 to 2034. The rising incidences of injuries through accidents and falls are one of the major factors driving the market growth. These rising cases are leading towards the adoption of acute wound care services that might help in providing healthcare services to patients. 

Acute Wound Care Market Key Takeaways

• North America dominated the global acute wound care market with the largest market share of 45% in 2023.
• Asia Pacific is expected to grow at a CAGR of 4.92% during the forecast period 2024 to 2034.
• By product, the advanced wound dressing segment recorded the highest market share of 34% in 2023.
• By product, the surgical wound care segment is anticipated to expand at a significant CAGR of 4.4% during the forecast period.
• By end-user, the hospital segment accounted for the highest market share of 45% in 2023.
• By end-user, the home healthcare segment is projected to grow at a CAGR of 5.03% during the forecast period.

U.S. Acute Wound Care Market Size and Growth 2024 to 2034

The U.S. acute wound care market size is exhibited at USD 3.58 billion in 2024 and is predicted to be worth around USD 5.55 billion by 2034, with a CAGR of 4.47% from 2024 to 2034.

North America dominated the global acute wound care market in 2023. The dominance of the region is attributed to the well-established healthcare infrastructure in countries like the United States and Canada. These countries continuously focus on improving healthcare services through investments in R&D activities. The government also takes initiatives to increase awareness regarding wound care, which results an increase in wound care services. The rising chronic prevalence among the adult population has resulted in the growth of the acute wound care market. The increasing preference towards home healthcare services is one of the major factors leading to the adoption of specialized wound care services in the region.

Asia Pacific is expected to have the fastest growth in the acute wound care market during the forecast period 2024 to 2034. The growth of the region is attributed to the rapid expansion of healthcare facilities in developing countries like China and India.  These countries are witnessing rapid urbanization, which leads to the increasing demand for the acute wound care market. The rising influence of home healthcare services in developed and busy regions is also expected to drive market growth in the upcoming years. 

Market Overview

Acute wounds refer to sudden skin injuries that eventually heal within a shorter period. Acute wound care works towards managing and treating these wounds, which could help prevent the wound from any infection and boost the healing process. Acute wounds are cuts, surgical incisions, burns, traumatic and other injuries that could lead to permanent scars if not cured properly. The acute wound care market has gained significant demand due to the increasing number of injuries among individuals, which demands enhanced technologies and services. These injuries can also be slightly different from the people suffering from any health condition like diabetes or others, which increases the demand for advanced healthcare facilities.

How Can AI Help the Growth of the Acute Wound Care Market?

The emergence of technologies like Artificial Intelligence (AI) and Machine Learning (ML) in healthcare have raised the outcome rates within a shorter period. AI-based tools play a crucial role in the acute wound care market as they are capable of analyzing wounds through visuals that provide a detailed explanation of the wound, reducing the time during the treatment. These tools also analyze huge datasets that can help them predict outcomes based on patients' history. Additionally, the inclusion of AI-based sensors plays a crucial role in detecting infections at early stages, which helps to cure the patient at an early stage. The rising need for remote healthcare services has led to the increasing popularity of virtual healthcare, where AI-based tools play a crucial role in wound care.

Acute Wound Care Market Growth Factors

• The rise of telemedicine and digital care has been a major factor that drives innovation in the acute wound care market to execute remote wound treatments.
• The increasing concerns towards post-surgery scarring is one of the crucial factors in the focus towards the demand for successful surgeries, driving the market growth.
• Rising the demand for minimal-invasive surgeries is one of the major growth factors that has led to the adoption of effective and quick surgeries.
• The rising demand for wound care among sports professionals has been a crucial factor that stands out as a major growth factor. The demand has led to many opportunities and employment in the healthcare sector.

Market Scope

Market Dynamics

Drivers

Rising incidences of chronic diseases

The increasing number of chronic diseases like diabetes, cardiovascular diseases, obesity, etc., are among the major reasons driving market growth, as is the need for frequent surgical procedures. For example, diabetic patients have a higher chance of getting conditions like foot ulcers, which can lead to serious health issues if not treated within time. This increases the need for specialized acute wound care services that help in boosting the growth of the acute wound care market. Population suffering from cardiovascular diseases undergo different surgeries frequently that help them generate more workforce demand.

Aging population

The aging population is one of the major market drivers due to their high chances of getting prone to injuries. The human skin gets thinner with aging, which makes it sensitive and leads to higher chances of getting cuts or any other injuries. These factors lead to the increasing demand for specialized acute wound care services for them, which drives the growth of the acute wound care market. Many companies are focusing on adopting technologies that help target the elderly population and provide the best outcomes. The growing elderly population is also one of the major factors that leads to the increasing cases of pressure ulcers, which also require acute wound care services.

Restraint

Higher cost of wound care products

The rise of technological advancements in healthcare has helped the market to grow significantly, but it also acts as a restraint due to the limited availability of these technologies in underdeveloped economies. These products are produced in urban areas, which involves the use of enhanced technologies that might affect the growth of the acute wound care market. The limited healthcare infrastructure availability restricts products like bioengineered skin substitutes, which are expensive, which limits them in developing regions and can lead to higher costs due to their extensive demand.

Opportunities

Increasing preferences for home and personalized healthcare

The changing lifestyle dynamics and busy schedules are some of the major factors that are leading to the demand for home healthcare services. This demand is driven by the increasing preferences towards healthcare services at the patient's comfort. This rising need for home healthcare leads to the demand for products and facilities that help boost the growth of the acute wound care market. The healthcare industry is also witnessing a shift towards these factors, leading to the rising focus and investment towards innovating portable wound care products that help fulfill the market need.

Rising expenditure in the defense sector

The increasing focus on the expansion of military services is one of the major factors that is helping to bring many opportunities to the healthcare industry. The rising tensions between countries often lead to military operations that increase the chances of getting prone to injuries. Therefore, governments are increasing their focus on the expansion of their healthcare services within the defense sector, bringing many growth opportunities to the acute wound care market. The demand for wound care products like dressings and other essential products increases, which also leads to the increasing focus on improving these products that can be efficient in military operations.

Product Insights

The advanced wound dressing segment stood the dominant in the acute wound care market in 2023. This wound dressing uses advanced technologies to innovate materials that enhance the healing process. The acute wound care market has been growing efficiently due to the well-established consumer base of advanced wound dressings. These products also play a crucial role in preventing infections by using advanced materials. Additionally, these products target a broad range of wounds, making them dominant due to the rising incidence of various injuries. Rising road accidents, sports injuries, and many other factors are expected to increase their dominance in the coming years.

The surgical wound care segment is anticipated to register significant growth in the acute wound care market during the forecast period of 2024 to 2034. Surgical wound care focuses on treating the wounds resulting from the surgeries. The rising number of surgery cases is one of the major factors that is driving the growth of the acute wound care market. Healthcare organizations are focusing on implementing technologies that improve wound care services after surgical procedures. Advancements like smart dressings play a vital role in enhancing wound care solutions.

Application Insights

The chronic wounds segment held a significant share of the acute wound care market in 2023. The rising prevalence of injuries and hurts due to chronic conditions like diabetes and cardiovascular diseases is the major reason that drives the growth of the acute wound care market. Healthcare organizations have increased their expenditure to cure these wounds with the help of advanced materials and technologies. The elderly are the major population that is prone to chronic conditions.

The acute wound segment is expected to grow rapidly in the acute wound care market during the forecast period of 2024 to 2034. The segment focuses on developing solutions for wounds caused due to injuries and other surgical procedures. The rising acute injury incidences are the major factor driving the growth of the market. The expansion of the sports industry, especially outdoor sports, is playing a crucial role in the market expansion. This results in the adoption of advanced technology in the sports healthcare industry.

End-user Insights

The hospital segment led the global acute wound care market in 2023. The dominance of the segment is attributed to the well-established infrastructure of hospitals, which provides advanced services under the supervision of medical professionals. Hospitals have a well-established consumer base that has preferred hospitals for the past decades. The higher number of patients has led to the inclusion of specialized centers that provide effective wound care solutions to patients with the help of advanced technologies. An increase in partnerships between hospitals and health insurance companies is observed.

The home healthcare segment is anticipated to grow at the fastest CAGR in the acute wound care market during the forecast period of 2024 to 2034. The increasing growth of these services is attributed to the increasing consumer preference towards remote healthcare services. Busy schedules and hectic lifestyles are some of the major reasons behind the changing preferences that drive the growth of the acute wound care market. The demand leads to innovating wound care solutions that can be used at remote locations. The growing geriatric population is expected to drive market growth in the coming years.

Acute Wound Care Market Companies

• 3M
• Smith & Nephew
• Mölnlycke Health Care AB
• Convatec Group PLC
• Integra LifeSciences
• Medline Industries, Inc.
• B. Braun Melsungen AG
• Cardinal Health, Inc.
• Organogenesis Inc.
• MIMEDX Group, Inc.
• Ethicon (Johnson & Johnson)
• Baxter International
• DeRoyal Industries, Inc.
• Coloplast Corp.
• Medtronic

Recent Developments 

• In September 2024, the European Academy of Dermatology and Venereology (EADV) Congress unveiled promising research that identified molecular targets to improve chronic wound treatment.
• In January 2024, 3M Health Care's Medical Solutions Division received a USD 34.2 million award from the U.S. Army Medical Research Acquisition Activity to develop advanced solutions for infection prevention, wound management, and healing in traumatic injuries from point-of-injury to hospital care.
• In June 2024, MTF Biologics and Centurion Therapeutics expanded their partnership to enhance access to advanced wound care technologies in acute and post-acute care settings, granting Centurion exclusive distribution rights for MTF Biologics' tissue products.

Segments Covered in the Report 

By Product

• Advanced Wound Dressing
  • Foam Dressing
  • Hydrocolloid Dressing
  • Film Dressing
  • Alginate Dressing
  • Hydrogel Dressing
  • Collagen Dressing
  • Other Advanced Dressing
• Surgical Wound Care
  • Sutures & Staples
  • Tissue Adhesive & Sealants
  • Anti-Infective Dressing
• Traditional Wound Care
  • Medical Tapes
  • Cleansing Agents
  • Others
• Wound Therapy Device Market
  • Negative Pressure Wound Therapy
  • Oxygen & Hyperbaric Oxygen Equipment
  • Electric Stimulation Devices
  • Pressure Relief Devices

By Application 

• Acute Wounds
  • Surgical & Traumatic Wounds
  • Burns

By End-user

• Hospitals
• Specialty Clinics
• Home Healthcare
• Others

By Geography

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa