Global markets and trends

 

The global wound care market was estimated at 6,990.2 M Euro in 2013. It is expected to reach 7,125.2 M Euro by 2017 (annual growth rate of 6.2%).

 

The United States constituted 30.4% of the global market revenue in 2013. Europe, the second largest wound care market in 2013 (26.0%) generated 1,814.5 M Euro in revenue.

 

Trends:

 

  • Aging population, obesity, and incidence of diabetes are on the rise globally. Additionally, factors such as burns and surgical-related wounds demand the usage of wound care products, thereby increasing revenue in this market.
  • The growth in private sector hospitals by almost 10% every year globally has significantly increased the adoption of advanced wound care products, thus aiding the revenue growth.
  • The incidence of chronic wounds increases globally. There are about 50 million reported cases globally of patients suffering from hard-to close wounds.
  • A significant rise in home wound care services is expected.

 

Ref: Frost &Sullivan 2013

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