US Wound Care Management Market Size

US Wound Care Management Devices Market Analysis

The United States Wound Care Management Market size is expected to grow from USD 4,708.16 million in 2023 to USD 5,562.17 million by 2028, registering a CAGR of 3.39% during the forecast period (2023-2028).

The COVID-19 pandemic had a significant impact on the healthcare systems, with substantial consequences not only for COVID-19-infected patients but also for others. The severity of the pandemic resulted in the cancellation of wound treatment and wound care procedures to manage and reserve resources. In addition, due to the pandemic and restrictions, many hospitals and specialty clinics temporarily closed their wound care departments. For instance, in a survey published by the International Wound Journal in December 2021, it was observed that health services spending in the United States had been reduced by 2.4% during the pandemic compared to the previous years. In addition, as per the same source, patient visits to ambulatory care sites such as outpatient centers have decreased by 60% during the initial phase of the pandemic. Thus, reduced patient visits to wound care centers have severely impacted the market growth. However, with the resumed services and upliftment of COVID-19 restrictions coupled with the increased hospital and wound care visits, the demand for effective treatment for faster wound healing is likely to increase, which is expected to increase the need for the studied market during the coming years.

The market growth in the United States is the rising aging population, the growing number of surgical procedures, and the increasing incidences of chronic wounds, ulcers, and diabetic ulcers.

The rising cases of pressure ulcers, the rise in accident cases, and burn injuries across the United States are expected to spur the market's growth. For instance, according to the data published by the National Pressure Injury Advisory Panel (NPIAP) in January 2021, around 2.5 million people are reported annually with pressure ulcers in the United States. In addition, as per the report published by the American Burn Association in February 2021, more than 400,000 people receive burn injury treatment annually in the United States. Thus, due to such instances, the demand for wound care products is anticipated to gain demand and drive the studied market growth during the forecast period.

Furthermore, the increasing focus of the market players on developing effective wound care dressing and solutions contributes to the market's growth. For instance, in October 2021, RedDress and MediGroup partnered to provide the members of MediGroup with RedDress' cutting-edge ActiGraft system for wound treatment. ActiGraft aims to deliver an affordable and productive wound solution to MediGroup's members to help improve the health and lives of patients with chronic, non-healing wounds, including diabetic foot ulcers, pressure injuries, venous ulcers, traumatic wounds, and post-surgical wounds. Thus, such developments are predicted to fuel the market's growth studied.

However, the concerns with stringent regulations, reimbursement policies, and high treatment costs will likely restrain the market growth over the forecast period.