Wound care centers also known as wound clinics refer to specialized healthcare facilities that provide comprehensive treatment and management for acute and chronic wounds. These centers offer advanced wound management, using a multidisciplinary approach to treat patients with non-healing wounds, offering a comprehensive range of services to promote healing and improve outcomes.
Sizing and Forecast
The wound care centers market size has grown strongly in recent years. It will grow from $40.92 billion in 2023 to $43.09 billion in 2024 at a compound annual growth rate (CAGR) of 5.3%. The growth in the historic period can be attributed to an increased focus on the quality of life, the economic burden of chronic wounds, professional training and certification, multidisciplinary care approach, and patient advocacy and support groups.
The wound care centers market size is expected to see strong growth in the next few years. It will grow to $53.18 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to rising demand for remote monitoring, collaborative care models, advanced diagnostics, patient-centric care and focus on preventive care. Major trends in the forecast period include healthcare policy and reimbursement, public and professional education, 3D printing technology, integrated healthcare systems, and sustainability and innovation.
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Segmentation & Regional Insights
The wound care centers market covered in this report is segmented –
1) By Type: Hospitals, Clinics
2) By Wound Type: Acute Wound, Chronic Wound
3) By Procedure: Debridement, Negative Pressure Wound Therapy, Compression Therapy, Hyperbaric Oxygen Therapy, Specialized Dressings, Infection Control
North America was the largest region in the wound care centers market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the wound care centers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The rising incidence of chronic wounds is expected to propel the growth of the wound care center market going forward. Chronic wounds are those that do not heal within the predicted timeframe, which is usually three months, despite receiving appropriate care. Chronic wound incidences are rising due to the increasing prevalence of diabetes and obesity, which impair healing processes and contribute to complications. Chronic wounds require advanced treatments typically available in specialized wound care centers, which also provide psychosocial support to help patients cope with the emotional and psychological aspects of their condition. For instance, in July 2023, according to OSF HealthCare, a US-based healthcare company, approximately 6.7 million people currently live with chronic wounds, which is expected to increase by 2% per year over the next decade. Therefore, the rising incidence of chronic wounds is driving the growth of the wound care center market.
Key Industry Players
Major companies operating in the wound care centers market are UPMC Wound Healing Services, Mayo Clinic Health System, Cleveland Clinic, Mercy Health, Vanderbilt University Medical Center, Banner Health, Novant Health, Kindred Healthcare, Orlando Health, Emory Healthcare, Hartford HealthCare, Sentara Health, Hologic, Memorial Hermann, Texas Health Resources, OSF HealthCare, Amedisys, Stormont Vail Health, Healogics Inc., RestorixHealth, OakBend Medical Center, EmergeOrtho, Byram Healthcare, Shared Health Services Inc., Woundtech, Jovive Health
The wound care centers market report table of contents includes:
1. Executive Summary
2. Wound Care Centers Market Characteristics
3. Wound Care Centers Market Trends And Strategies
4. Wound Care Centers Market – Macro Economic Scenario
5. Global Wound Care Centers Market Size and Growth
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32. Global Wound Care Centers Market Competitive Benchmarking
33. Global Wound Care Centers Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Wound Care Centers Market
35. Wound Care Centers Market Future Outlook and Potential Analysis
36. Appendix
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