North America Wound Care Market Analysis by Opportunities, Size, Share, Growth Factors 2028
The North America Wound Care Market is expected to grow from US$ 7,920.27 million in 2022 to US$ 11,178.22 million by 2028. It is estimated to register a CAGR of 5.9% from 2022 to 2028.
Rising Prevalence of Chronic Diseases Drives Growth in North America Wound Care Market
Chronic diseases such as diabetes, cancer, and autoimmune disorders significantly impair the body's natural wound-healing abilities. Among these, diabetes is particularly concerning, as it weakens the immune system and slows the wound repair process. According to the National Center for Biotechnology Information (NCBI), as of July 2021, nearly 500 million people worldwide suffer from diabetes mellitus (DM), with numbers expected to rise in the coming years. In the United States alone, the economic burden of DM exceeds $300 billion annually, including medical expenses and lost workdays.
A study titled Diabetic Wound-Healing Science by the NCBI indicates that up to one-third of the general population and one in five DM patients will develop a chronic, non-healing wound, such as a diabetic foot ulcer (DFU), in their lifetime. High blood sugar levels promote biofilm formation, making these wounds harder to treat. The prolonged healing process caused by chronic diseases creates a sustained demand for wound care products, particularly advanced wound dressings.
Additionally, the rising incidence of cancer has led to an increased number of surgical interventions, many of which result in large, deep wounds requiring continuous management. Advanced wound dressings, such as hydrogels, alginates, and foams, are crucial in preventing infections and managing wound exudate post-surgery. Consequently, the growing prevalence of chronic diseases is fueling the demand for wound care products, driving the expansion of North America wound care market.
North America Wound Care Market Segments Covered
North America Wound Care Market By Product
- Advanced Wound Dressing
- Surgical Wound Care
- Traditional Wound Care
- Wound Therapy Devices
North America Wound Care Market By Wound Type
- Chronic Wounds
- Acute Wounds
North America Wound Care Market By End User
- Hospitals
- Specialty Clinics
- Home Healthcare
North America Wound Care Market Regions and Countries Covered
North America
- US
- Canada
- Mexico
North America Wound Care Market leaders and key company profiles
- 3M Co
- Baxter International Inc
- Coloplast AS
- ConvaTec Group Plc
- Ethicon USA LLC
- Integra LifeSciences Holdings Corp
- Medtronic Plc
- MiMedx
- PAUL HARTMANN AG
- Smith & Nephew Plc
North America Wound Care Market Overview
The North America wound care market spans the United States, Canada, and Mexico, with the U.S. leading the industry in 2022. Chronic ulcers and diabetes are the primary contributors to chronic wounds in the country. According to the National Library of Medicine, the estimated annual cost of primary chronic ulcer diagnosis in the U.S. is $28 billion, while secondary diagnoses push this figure up to $31.7 billion. Additionally, the American Diabetes Association (ADA) reports that between 9 and 12 million Americans suffer from chronic ulcers.
The mortality rate for leg ulcers following an amputation is particularly concerning, increasing from 20% in the first three years to 50%, and reaching 70% within five years. Moreover, research from Mary Ann Liebert, Inc. suggests that 3% of Americans over the age of 65 have open wounds. Given projections from the U.S. government that the elderly population will exceed 77 million by 2060, chronic wounds are expected to remain a persistent healthcare challenge. This demographic shift is anticipated to drive demand for advanced wound care solutions, strengthening market growth in the United States.
Strategic Insights into North America Wound Care Market
Strategic insights into the North America wound care market provide a data-driven understanding of industry trends, key players, and regional dynamics. These insights help businesses identify untapped market segments and develop unique value propositions to gain a competitive edge. By leveraging data analytics, industry stakeholders—including investors, manufacturers, and healthcare providers—can anticipate market shifts and align their strategies accordingly.
A forward-looking approach is crucial in this evolving market, allowing businesses to stay ahead of emerging trends and position themselves for long-term success. Ultimately, well-informed strategic decisions empower stakeholders to enhance profitability and achieve sustainable growth in North America's dynamic wound care industry.
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Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights
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