Wound Management Forecast 2016 to 2026

The global annual market for products used in wound management is currently a behemoth of $20.2 billion. The wound management forecast to 2026 shows the global market hitting $38 billion as it grows in response to strong wound care demand.

The market is driven by inescapable demographics — an aging population, with dramatically increasing prevalence of obesity and diabetes leading to growth in the most expensive types of wounds, chronic wounds. The market is also growing as a result of advanced wound technologies that improving in their ability to shorten healing time, costs, or both.

Chronic wound remain a big focus, for good reasons. From our press release:

“Our recent research shows that chronic wounds, which have long been no secret to clinicians, epidemiologists, and product manufacturers as a growing health problem, are actually even more prevalent and costly than has been previously reported.”

Care of chronic wounds is a significant, global burden on healthcare systems. In the USA alone, it is estimated that at least 6.7 million people suffer with chronic wounds, requiring treatment in excess of $20-50 billion per year .

With many, many active companies in an industry that started hundreds of years ago, an almost continuous spectrum of products exists from low tech (gauze) to high tech (bioengineered skin):

      • traditional adhesive
      • traditional gauze
      • non-adherent
      • film
      • foam
      • hydrogel
      • hydrocolloid
      • alginate
      • antimicrobial
      • collagen
      • negative pressure wound therapy (NPWT)
      • bioengineered skin & skin substitution
      • growth factors

Growth in sales varies, with the lowest rates for traditional products and the highest rates generally for the advanced products. We say generally because, depending upon the product and the geographic location, sales growth rates can be considerable. The end result is that the makeup of the wound market will change from 2016 to 2026. See below:

Source: MedMarket Diligence, LLC; Report S254.

Put another way, some segments will gain share of the total wound market at the expense of others:

Source: MedMarket Diligence, LLC; Report #S254.

 

And considering geography, the wound care industry recognizes the major impact of China on future demand, eventually eclipsing U.S. sales:

USA vs. Asia/Pacific Wound Sales

Source: MedMarket Diligence, LLC; Report S254.

Companies

The wound care industry remains quite fragmented, with about eight companies holding leading market shares, but with possibly thousands of small cap companies around the world that are also manufacturing and marketing various wound care products. The Traditional Wound Care space remains attractive, in part since gauze dressings are relatively easy to manufacture and are also still the most commonly-used wound dressing.

2017 Worldwide Wound Management Market Shares

Source: MedMarket Diligence, LLC; Report S254.


The MedMarket Diligence Report #S254 is described in detail at link.

Separate size, growth and competitor data are presented for the U.S., rest of North America, Latin America, leading western European countries (specifically, United Kingdom, Germany, France, Italy, Spain), rest of Europe, Japan, Korea, rest of Asia/Pacific, and the Rest of World category. The report’s company profiles assess 92 leading and key emerging companies regarding current/projected products, technologies and positions in the advanced wound care market.