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.

Global Wound Therapy Devices Market Insights Forecasts to 2035

• The Global Wound Therapy Devices Market Size Was Estimated at USD 3.63 Billion in 2024
• The Market Size is Expected to Grow at a CAGR of around 3.61% from 2025 to 2035
• The Worldwide Wound Therapy Devices Market Size is Expected to Reach USD 5.36 Billion by 2035
• Asia Pacific is expected to grow the fastest during the forecast period.

The global wound therapy devices market size was worth around USD 3.63 billion in 2024 and is predicted to grow to around USD 5.36 billion by 2035 with a compound annual growth rate (CAGR) of 3.61% from 2025 to 2035. The growing cases of traumatic injuries, wound management awareness, and technological advancements are several factors that drive the wound therapy devices market globally.

Market Overview

The wound therapy devices market refers to the industry encompassing the development, manufacturing, and sale of medical devices used for managing and treating wounds, both acute and chronic. Wound therapy devices are products mainly used for treating complex wounds and injuries that are common afflictions affecting billions of people worldwide. Negative pressure wound therapy systems are one of the examples of wound therapy devices with innovations for effective wound management as per the patient's needs and wound conditions. 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. Technological advancements include miniaturization of electric wound stimulators, with enhanced user-friendliness and accessibility for healthcare providers. 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 opportunities for market expansion.

Report Coverage

This research report categorizes the wound therapy devices market based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the wound therapy devices market. Recent market developments and competitive strategies such as expansion, type launch, 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 wound therapy devices market.

Driving Factors

The use of wound therapy devices like negative pressure wound therapy, for treating extremely injured casualties, is driving the market demand. It was estimated that traumatic injury is the leading cause of death under the age of 45 in the US and worldwide, with approximately 5.8 million people dying each year as a result of injuries. Further, technological advancements, for instance, wearable bioelectronics that have great potential for personalized wound care, especially for managing and monitoring chronic wounds, are driving the market growth.

Restraining Factors

The increased cost of devices and inadequate reimbursement policies are restraining the market growth of wound therapy devices. Several challenges associated with the advanced wound care devices are restricting the market.

Market Segmentation

The wound therapy devices market share is classified into product, wound type, and end use.

• The negative pressure wound therapy (NPWT) segment dominated the market with 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 dominated the market with 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. Technology advancements, with the increasing awareness of NPWT benefits among healthcare providers, aid in promoting the market growth.

• The chronic wounds segment accounted for the largest revenue share in 2024 and is anticipated to grow at a significant 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 significant CAGR during the forecast period. Chronic wounds include diabetic ulcers, pressure ulcers, and venous leg ulcers. The increasing prevalence of diabetic ulcers, pressure ulcers, and other wounds, along with the adoption of chronic wound therapy devices for home care settings, is escalating the market growth.

• The hospitals segment accounted for the largest revenue share of the wound therapy devices market 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 revenue share of the wound therapy devices market 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. The increasing adoption of innovative wound management devices, along with the availability of trained healthcare professionals in hospitals, is propelling the market in the hospitals segment.

Regional Segment Analysis of the Wound Therapy Devices Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the wound therapy devices market over the predicted timeframe.

North America is anticipated to hold the largest share of the wound therapy devices market over the predicted timeframe. The growing prevalence of chronic diseases, along with the region’s advanced healthcare infrastructure, is responsible for driving the wound therapy devices market. Additionally, the adoption of advanced wound care technologies aids in propelling the market growth.

Asia Pacific is expected to grow at a rapid CAGR in the wound therapy devices market during the forecast period. The increasing healthcare spending, facilitating the accessibility to advanced wound care technologies, is promoting the wound therapy devices market. The growing awareness about wound management through the implementation of various government initiatives is contributing to driving the market demand.

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 driving the wound therapy devices market. Further, the adoption of AI-enabled imaging in wound care management devices aids in propelling market growth.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the wound therapy devices market, along with a comparative evaluation primarily based on their type of 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 type 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

• 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
• Others

Key Target Audience

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

Recent 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