South Korea Wound Care Market Market Size, Share, and COVID-19 Impact Analysis, By Product (Wound Care and Wound Closure), By Wound Type (Chronic Wound and Acute Wound), and South Korea Wound Care Market Insights, Industry Trend, Forecasts to 2035.

South Korea Wound Care Market Insights Forecasts to 2035

• The South Korea Wound Care Market Size was estimated at USD 61.80 Million in 2024
• The Market Size is Expected to Grow at a CAGR of around 1.50% from 2025 to 2035
• The South Korea Wound Care Market Size is Expected to Reach USD 72.80 Million by 2035

According to a research report published by Spherical Insights & Consulting, The South Korea Wound Care Market Size is Anticipated to reach USD 72.80 Million By 2035, Growing at a CAGR of 1.50% from 2025 to 2035. The South Korean wound care market is witnessing strong growth driven by demographic change, technology, growing healthcare expenditure, increased rates of chronic diseases, changing consumer patterns, and growth in medical tourism.   

Market Overview

The South Korea wound care market covers a wide variety of medical devices and products that are meant to heal and take care of different kinds of wounds, such as chronic, acute, surgical, and traumatic wounds. The market covers both conventional wound care products (bandages, gauze, and adhesive plasters) and newer wound care products (such as hydrocolloid dressings, antimicrobial drugs, and negative pressure wound therapy equipment). This type of category entails the specialized products for use on complex or chronic wounds. They include, for instance, hydrocolloid, hydrogel, and antimicrobial dressings, and advanced devices such as negative pressure wound therapy (NPWT) systems. These are mainly applied within the clinical environment of hospitals and specialized centers for wound care.

Report Coverage

This research report categorizes the South Korea wound care market for the market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea wound care market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the South Korea wound care market.

Driving Factors

South Korean consumers have an increased preference for high-end wound care products sold through pharmacies. This is due to the convenience and accessibility of pharmacies, as well as consumer trust in the centers. Consumers are also demanding more natural and organic wound care products, including those that use aloe vera and honey.

Restraining Factors

The South Korea wound care market is constrained by high expenses in treatment, few reimbursement policies, poor awareness of advanced products, and slow uptake in rural regions, discouraging market growth.

Market Segmentation

The South Korea wound care market share is classified into product and wound type.

• The wound care segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea wound care market is segmented by product into wound care and wound closure. Among these, the wound care segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. This segment has been spurred by the rising incidence of chronic wounds, including diabetic foot ulcers and pressure ulcers, and innovations in wound care technologies.

• The chronic wound segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea wound care market is segmented by wound type into chronic wound and acute wound. Among these, the chronic wound segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. This category includes chronic wounds like diabetic foot ulcers, pressure ulcers, venous leg ulcers, and other non-healing wounds. Ongoing medical intervention and expert treatment are needed for these diseases, which drives up the demand for advanced wound care products.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea wound care market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Johnson and Johnson (Ethicon)
• Smith and Nephew
• Medtronic
• Molnlycke Health Care
• Convatec Inc.
• Beiersdorf AG
• HARTMANN USA, Inc.
• Young Chemical Co., Ltd.
• Essity Aktiebolag
• Others

Recent Developments:

• In April 2022, MolecuLight Inc. and KOVE Inc. were cleared by the authorities for their product, the MolecuLight i:X device, which became available to the South Korean wound care market.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea wound care market based on the below-mentioned segments:

South Korea Wound Care Market, By Product

• Wound Care
• Wound Closure

South Korea Wound Care Market, By Wound Type

• Chronic Wound
• Acute Wound