Global Wound Therapy Devices Market Size to Exceed USD 5.36 Billion By 2035 | CAGR of 3.61%
Category: HealthcareGlobal Wound Therapy Devices Market Size to Exceed USD 5.36 Billion By 2035
According To A Research Report Published By Spherical Insights & Consulting, The Global Wound Therapy Devices Market Size Is Expected To Grow From USD 3.63 Billion In 2024 To USD 5.36 Billion By 2035, At A CAGR Of 3.61% During The Forecast Period 2025-2035.
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Browse key industry insights spread across 225 pages with 95 Market data tables and figures & charts from the report on the "Global Wound Therapy Devices Market Size, Share, and COVID-19 Impact Analysis, By Product (Negative Pressure Wound Therapy, Oxygen & Hyperbaric Oxygen Equipment, Electric Stimulation Devices, Pressure Relief Devices, and Others), By Wound Type (Acute Wounds and Chronic Wounds), By End Use (Hospitals, Specialty Clinics, Home Healthcare, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 – 2035." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/wound-therapy-devices-market
The wound therapy devices market is the industry encompassing the development, manufacturing, and sale of medical devices used for managing and treating wounds, both acute and chronic. The market growth is attributed to the growing prevalence of chronic wounds, especially among the aging population, and a rise in surgical procedures that drives the need for effective wound management solutions. The heightened awareness about wound care practices and penchant for modernist medicinal solutions that encourage the adoption of advanced devices for wound care is offering market opportunities. The use of wound therapy devices like negative pressure wound therapy, for treating extremely injured casualties, is driving the market demand. Further, technological advancements, for instance, wearable bioelectronics that have great potential for personalized wound care, are driving the market growth. On the contrary, the high cost of devices and inadequate reimbursement policies are challenging the wound therapy devices market.
The negative pressure wound therapy (NPWT) segment accounted for the largest revenue share in 2024 and is projected to grow at a substantial CAGR during the forecast period.
Based on the product, the wound therapy devices market is divided into negative pressure wound therapy, oxygen & hyperbaric oxygen equipment, electric stimulation devices, pressure relief devices, and others. Among these, the negative pressure wound therapy (NPWT) segment accounted for the largest revenue share in 2024 and is projected to grow at a substantial CAGR during the forecast period. Negative pressure wound therapy is a vacuum-assisted closure therapy in which 125 mmHg below ambient pressure is applied to a wound bed through a suction device attached to a sponge.
The chronic wounds segment accounted for the largest revenue share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the wound type, the wound therapy devices market is divided into acute wounds and chronic wounds. Among these, the chronic wounds segment accounted for the largest revenue share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. There is a growing prevalence of chronic wounds, including diabetic ulcers, pressure ulcers, and venous leg ulcers. Adoption of chronic wound therapy devices for home care settings aids in propelling the market growth.
The hospitals segment accounted for the largest market revenue share in 2024 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the end use, the wound therapy devices market is divided into hospitals, specialty clinics, home healthcare, and others. Among these, the hospitals segment accounted for the largest market revenue share in 2024 and is anticipated to grow at a significant CAGR during the forecast period. Wound care in hospitals provides comprehensive and specialized care for acute and chronic complex wounds to improve prevention, treatment, and rehabilitation for people with secondary diseases who can become temporarily incapacitated.
North America is expected to hold the majority share of the global wound therapy devices market during the forecast period.
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North America is expected to hold the majority share of the global wound therapy devices market during the forecast period. The adoption of technologically advanced devices for wound care treatment is propelling the wound therapy devices market. Further, an increasing prevalence of chronic wounds, along with the region’s presence of advanced healthcare infrastructure, is anticipated to propel the market.
Asia Pacific is anticipated to grow at the fastest pace in the global wound therapy devices market during the forecast period. The growing awareness about wound management through the implementation of various government initiatives is contributing to driving the market demand for wound therapy devices. Further, the increasing healthcare spending facilitates the accessibility to advanced wound care technologies, promoting market growth.
Europe is anticipated to hold a significant share of the wound therapy devices market during the predicted timeframe. The growing prevalence of chronic wounds, along with the region’s strong regulatory frameworks for ensuring high-quality standards for medical devices, is contributing to driving the wound therapy devices market.
Major vendors in the global wound therapy devices market are Smith & Nephew, 3M, Sky Medical Technology Ltd., Cardinal Health, Talley Group Ltd, ConvaTec Inc., DeRoyal Industries, Inc., Devon Medical Products, BSN medical, Medela AG, Paul Hartmann AG, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
- In April 2024, Sky Medical Technology announced the availability of the geko device on Government of India e-marketplace portal (GeM). This would allow government hospitals across India to access the geko device to prevent life-threatening blood clots (venous thromboembolism – VTE), address complications related to swelling (oedema) following orthopaedic surgery, and the healing of chronic wounds (leg ulcers).
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the wound therapy devices market based on the below-mentioned segments:
Global Wound Therapy Devices Market, By Product
- Negative Pressure Wound Therapy
- Oxygen & Hyperbaric Oxygen Equipment
- Electric Stimulation Devices
- Pressure Relief Devices
- Others
Global Wound Therapy Devices Market, By Wound Type
- Acute Wounds
- Chronic Wounds
Global Wound Therapy Devices Market, By End Use
- Hospitals
- Specialty Clinics
- Home Healthcare
- Others
Global Wound Therapy Devices Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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