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’s Wound Care Market
The increasing incidence of chronic diseases such as diabetes, cancer, and autoimmune disorders is significantly impacting the body’s natural wound-healing processes, fueling the demand for advanced wound care solutions across North America. Among these conditions, diabetes remains the most prevalent and is known to severely impair the immune system, complicating the wound-healing process. According to the National Center for Biotechnology Information (NCBI), as of July 2021, nearly 500 million individuals worldwide are affected by diabetes mellitus (DM), with numbers expected to rise sharply in the coming years. In the United States alone, the economic burden of diabetes exceeds US$300 billion annually due to medical expenses and lost productivity.
Diabetes-related complications, such as diabetic foot ulcers (DFUs), are particularly concerning. The NCBI reports that approximately one in three people from the general population—and one in five individuals with diabetes—will develop a chronic, non-healing wound in their lifetime. High blood sugar levels foster biofilm formation, making diabetic wounds especially resistant to treatment. This prolonged healing process increases the need for long-term wound care, driving demand for wound dressings and advanced wound management products.
Furthermore, the growing prevalence of cancer contributes to the increased use of wound care products. Surgical procedures associated with cancer treatment often result in large, deep wounds prone to infection and exudate, necessitating frequent and specialized wound management. Advanced wound care products such as hydrogels, alginates, and foam dressings are commonly used to manage these wounds and prevent infections. Collectively, the rise in chronic conditions is directly contributing to the expansion of the North American wound care market.
North America Wound Care Market Overview
The North America wound care market encompasses the United States, Canada, and Mexico, with the U.S. holding the largest market share as of 2022. Chronic ulcers and diabetes are the leading contributors to chronic wounds in the country. A study from the U.S. National Library of Medicine estimates that primary diagnoses related to chronic ulcers cost the healthcare system approximately US$28 billion annually, while secondary diagnoses contribute an additional US$31.7 billion.
Data from the American Diabetes Association (ADA) indicate that between 9 and 12 million Americans suffer from chronic ulcers. Alarmingly, the mortality rate following an initial leg amputation due to chronic wounds increases from 20% to 50% within three years and reaches 70% within five years. Moreover, research from Mary Ann Liebert, Inc. notes that around 3% of Americans aged 65 and older have open wounds. With the elderly population in the U.S. projected to surpass 77 million by 2060, the burden of chronic wounds is expected to rise significantly.
This demographic trend underscores the increasing need for effective wound care solutions, particularly those tailored to the aging population. Consequently, the growing elderly demographic, combined with the rising prevalence of chronic diseases, is a key driver of the U.S. wound care market’s expansion.
The North America wound care market is segmented as follows:
- North America wound care market By Product:
- Advanced Wound Dressing (held the largest market share in 2022)
- Surgical Wound Care
- Traditional Wound Care
- Wound Therapy Devices
- North America wound care market By Wound Type:
- Chronic Wounds (held a larger market share in 2022)
- Acute Wounds
- North America wound care market By End User:
- Hospitals (held the largest market share in 2022)
- Specialty Clinics
- Home Healthcare
- Others
- North America wound care market By Country:
- US (dominated the North America wound care market in 2022)
- Canada
- Mexico
Leading companies operating in this North America wound care market include:
- 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 Strategic Insights
Strategic insights for the North America Wound Care provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
North America wound care market Regional Insights
The geographic scope of the North America Wound Care refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
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Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights