Towards Healthcare
Wound Care Devices Market Attains USD 5.73 Bn at 5.84% CAGR by 2034

Wound Care Devices Market Landscape, Market Segments and Growth Pathways

According to market projections, the wound care devices sector is expected to grow from USD 3.25 billion in 2024 to USD 5.73 billion by 2034, reflecting a CAGR of 5.84%. The wound care devices market is expanding due to rising incidences of chronic wounds as well as increasing chronic wound healing devices. North America led the market due to the well-developed research and development sectors.

Category: Medical Devices Insight Code: 5627 Format: PDF / PPT / Excel

Rohan Patil

Principal Consultant

Aditi Shivarkar

Reviewed By

Wound Care Devices Market Size, Outlook Scenario Planning & Strategic Insights

The global wound care devices market size is calculated at USD 3.25 in 2024, grew to USD 3.44 billion in 2025, and is projected to reach around USD 5.73 billion by 2034. The market is expanding at a CAGR of 5.84% between 2025 and 2034.

Wound Care Devices Market Size 2024 - 2034

Key Takeaways

  • By 2024, the wound care devices market will likely exceed USD 3.25 billion.
  • Valuation is projected to hit USD 5.73 billion by 2034.
  • Estimated to grow at a CAGR of 5.84% starting from 2025 to 2034.
  • North America dominated the global wound care devices market share by 2024.
  • Asia Pacific is expected to be the fastest-growing during the forecast period.
  • By product type, the negative pressure wound therapy (NPWT) segment dominated the market in 2024.
  • By product type, the hyperbaric oxygen therapy (HOT) segment is estimated to grow significantly at a notable CAGR during the forecast period.
  • By indication type, the diabetic ulcer segment dominated the market in 2024.
  • By indication type, the pressure ulcer segment is anticipated to grow significantly during the forecast period.
  • By end user, the hospital segment dominated the global wound care devices market in 2024.
  • By end user, the homecare settings segment is predicted to be the fastest growing during the forecast period.

Key Metrics and Overview

Metric Details
Market Size in 2025 USD 3.44 Billion
Projected Market Size in 2034 USD 5.73 Billion
CAGR (2025 - 2034) 5.84%
Leading Region North America
Market Segmentation By Product Type, By Indication, By End User, By Region
Top Key Players Cardinal Health, Smith & Nephew, Talley Group Ltd, 3M, Conva Tec Inc., Devon Medical Products, Medela AG, DeRoyal Industries, Inc., BSN medical, Others

How Medical Devices are Used in Wound Healing?

Wound healing involves a complex process, which is important for restoring the function of the skin barrier. Hence, the treatment of chronic wounds is considered an unmet need in the medical field. Therefore, to deal with such a condition, a variety of medical devices are being developed. The different types of medical devices include wearable wound monitors, surgical sutures, negative pressure wound therapy devices, and wound dressings. These can be used to improve the chronic wound environment as well as skin tissue regeneration. These products may consist of natural or synthetic polymers or bioactive molecules.

  • In April 2025, MolecuLight.Inc. and DocNow announced their merger for the MolecuLightDX™ device. They will enhance the clinical workflows by allowing seamless image and data transfer from the MolecuLightDX device to DocNow. (Source - PR Newswire)
  • In March 2025, a collaboration between Convatec and the Wound, Ostomy, and Continence Nurses Society™ (WOCN®) was announced. They further announced that 2 free, best-in-class, educational initiatives for healthcare professionals to improve the general ostomy care knowledge will be provided. (Source - Convatec)

How is AI Impacting the Wound Care Devices Market?

The wound, as well as the injuries due to the chemical, physical, and pathological factors, can also be life-threatening because of the microbial infections. Thus, integrating the wound care devices with the AI technology can effectively provide analysis and processing of the image information related to the wounds or injuries. The wound care and research are also being enhanced by utilizing AI-based methods as well as algorithms such as neural networks, deep learning, and machine learning. These further provide wound treatment, rehabilitation, diagnosis, and prognosis decision support.

Market Dynamics

Driver

Increasing Chronic Wounds

The incidence of chronic wounds is rising, which take a long time to heal completely. These wounds can be associated with different diseases, such as diabetes, pressure ulcers, etc. If these wounds are not treated properly, then they may become severe due to infection, which may lead to amputations or even death. Thus, this increases the demand for the use of wound care devices within the population. These devices help to improve the wounds, resulting in faster healing. Thus, all these factors contribute to the wound care devices market growth.

Total Number of Injuries Recorded in U.S. in 2023

The graph represents the total number of injuries recorded in the U.S. in the year of 2023. It indicates that there is a rise in the number of injuries, which in turn, causes a rise in the wounds. Hence, it increases the demand for wound care devices for the effective management of these injuries or wounds. Thus, this in turn will ultimately promote the market growth. (Source - INJURY FACTS)

Restraint

High Prices

The wound care devices consist of high prices due to which prevents various patients as well as hospitals are unable to using them. This, in turn, increases the use of alternatives to the devices, restricting their use. At the same time, due to the late reimbursements of the policies reduce their adoption is reduced during the treatment of the wounds. Thus, all these factors decrease the use, which causes them to shift towards affordable treatment practices.

Opportunity

How Chronic Wounds are Promoting the Wound Care Devices Market?

The increasing chronic wounds within the patient associated with different diseases is increasing the demand for the use of wound care devices for their treatment. Similarly, these wounds are not healed properly by using conventional dressing methods. Therefore, the adoption of wound care devices increases. Moreover, it also amplifies the healing process, enhancing patient satisfaction. The advancement in these devices is also contributing to the same. Thus, all these factors promote the wound care devices market growth.

For instance,

  • In April 2025, a smart bandage, termed "lab on skin", was developed by the Caltech professor of medical engineering Wei Gao and his colleagues. It can monitor the chronic wounds as well as deliver treatment and speed up the healing process for burns, incisions, cuts, and scrapes. (Source - National Institute of Biomedical Imaging and Bioengineering)

Segmental Insights

Negative Pressure Wound Therapy (NPWT) Segment Dominated

By product type, the negative pressure wound therapy (NPWT) segment dominated the market in 2024. The NPWT provided a faster healing process as well and was used in various wound treatments associated with different diseases. This contributed to the wound care devices market growth.

The Hyperbaric Oxygen Therapy (HOT) Segment: Significantly Growing

By product type, the hyperbaric oxygen therapy (HOT) segment is estimated to grow significantly at a notable CAGR during the forecast period. The use of hyperbaric oxygen therapy is increasing due to the increasing chronic wounds. They are accelerating the healing process of these wounds.

Diabetic Ulcer Segment Led in 2024

By indication type, the diabetic ulcer segment dominated the market in 2024. The diabetic ulcer caused an increased adoption of wound care devices due to its effective treatment of the chronic condition, as well as complications caused by microbial infections.

Pressure Ulcer Segment: Significantly Growing

By indication type, the pressure ulcer segment is anticipated to grow significantly during the forecast period. The incidence of pressure ulcers in the geriatric population is growing. This, in turn, raises the demand for the treatment of ulcers using wound care devices.

Hospital Segment Dominated

By end user, the hospital segment dominated the global wound care devices market in 2024. The hospitals consisted of various large volumes of patients associated with wounds. Thus, it provided effective treatment of the wound using devices along with skilled personnel and advanced technologies.

Homecare Settings Segment: Fastest Growing

By end user, the homecare settings segment is predicted to be the fastest growing during the forecast period. The homecare settings provide comfort as well as minimize hospital visits. Furthermore, the use of wound care devices can also help to monitor the treatment, enhancing its effectiveness and patient satisfaction.

Well-Developed R&D Drives North America

North America dominated the wound care devices market in 2024. North America consisted of well-established research and development sectors, along with technological advancements and skilled personnel. Furthermore, the government and regulatory support contributed to the market growth.

For instance,

  • In January 2025, guidance was issued by the FDA in January 2025 for the use and threats related to AI-enabled medical devices. This guidance helps manufacturers navigate the product life cycle regarding AI. More than 1000 devices with AI have been authorized. (Source - U.S. FOOD & DRUG ADMINISTRATION)

The U.S. Wound Care Devices Market Trends

The research and development sectors in the industries are well-developed in the U.S. They also consist of advanced technologies that help in manufacturing, as well as skilled personnel. At the same time, the research on wound care devices in the institutes is also rising, which is funded by the government.

The Canada Wound Care Devices Market Trends

Canada consists of advanced industries and institutes with well-equipped R&D sectors. This, in turn, increases the research as well as the collaboration. Moreover, the regulatory bodies and the government also support this production process.

Rising Population Boosts Asia Pacific

Asia Pacific is estimated to host the fastest-growing wound care devices market during the forecast period. Asia Pacific is experiencing a growth in the population, which causes an increase in the disease burden, leading to disease-associated wounds. Thus, the demand for wound care devices rises, enhancing the market growth.

The China Wound Care Devices Market Trends

China consists of a large volume of population, which also increases the wound incidence. It also has well-developed healthcare systems, which are adapting to various technological advancements. This, in turn, increases the production as well as the use of wound care devices.

The India Wound Care Devices Market Trends

Rising incidences of diseases are increasing the wounds associated with them, increasing the demand for effective wound healing treatments. Thus, the healthcare systems, along with government support, are utilizing the use of wound care devices at affordable prices.

Europe Driven by Advancing Healthcare

Europe is expected to grow significantly in the wound care devices market during the forecast period. The healthcare sector in Europe is adapting to various technological advancements. At the same time, various policies as well as guidelines are also enhancing the use of wound care devices, which promotes the market growth.

The German Wound Care Devices Market Trends

The healthcare systems in Germany are advancing due to the increasing use of advanced technologies in the treatment of wounds. Furthermore, industries are also developing new devices to improve the healing process as per the guidelines of the government.

The UK Wound Care Devices Market Trends

The UK healthcare sector is focusing on the development of new wound care devices, which is increasing the collaboration within the companies. At the same time, to enhance the safety while using these devices, various guidelines and polices are also implemented, which increases the satisfaction among the patients.

Top Companies in the Wound Care Devices Market

Wound Care Devices Market Companies

Latest Announcements by Industry Leaders

  • In April 2025, Medicud company received an increase in funding, where the CEO and co-founder of Medicud, Antonio Nunzio d’Angelo, stated while expressing his pride in the company's progress, that he was proud of this accomplishment. He further stated that the development of the DRYUM device was conducted tirelessly within a short time by his team. A new standard of care for wound healing is required by clinicians, which is affordable, reduces surgical complications, and is more sustainable. (Source - vestbee)
  • In April 2025, the SVP, Chief Business Officer, of PAM Health, Nick Fazzolari, stated that they deliver clinical excellence with evidence-based, outcome-driven therapies to their patient at PAM Health. Furthermore, their commitment to novel, patient-centered solutions that reduce complications, optimize healing, and support long-term well-being can be enhanced by using the Aurix System with their advanced wound care services. This collaboration will help to change the care solutions. (Source - GlobalNewswire)

Recent Developments in the Wound Care Devices Market

  • In April 2025, a medical imaging technology was developed by the researchers of UB, which uses AI and radar to see through the dressings, which can help to monitor wounds as well as other skin conditions. (Source - University at Bufflo)
  • In November 2024, Spectral AI announced that its DeepView SnapShot® M device continues to progress as per the feedback from the U.S. Army Medical Research and Development Command's Institute of Surgical Research and the Brooke Army Medical Center. This makes Spectral AI a game-changer in wound care diagnostics across emergency medical services, the U.S. Department of Defense, and home healthcare. (Source - Spectral AI)

Segments Covered in the Report

By Product Type

  • Negative Pressure Wound Therapy (NPWT)
  • Hyperbaric Oxygen Therapy (HOT)
  • Extracorporeal Shock Wave Therapy (ESWT)
  • Others

By Indication

  • Diabetic Ulcer
  • Pressure Ulcer
  • Surgical Wounds
  • Others

By End User

  • Hospitals
  • Clinics
  • Homecare Settings
  • Others

By Region

  • North America
    • U.S.
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Thailand
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Sweden 
    • Denmark
    • Norway
  • Latin America
    • Brazil Mexico
    • Argentina
  • Middle East and Africa (MEA)
    • South Africa
    • UAE
    • Saudi Arabia
    • Kuwait
  • Last Updated: 20 May 2025
  • Report Covered: [Revenue + Volume]
  • Historical Year: 2021-2023
  • Base Year: 2024
  • Estimated Years: 2025-2034

Meet the Team

Rohan Patil is a market research expert with 5+ years of experience in healthcare, specializing in market dynamics, emerging trends, and technology-driven innovations to guide data-driven decisions for healthcare organizations.

Learn more about Rohan Patil

Aditi Shivarkar, with over 14 years of experience in consumer goods, leads research at Towards Consumer Goods, ensuring precise, actionable insights on trends, consumer preferences, and sustainable packaging for businesses.

Learn more about Aditi Shivarkar

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FAQ's

3M company is the major player in the market

Increasing chronic wounds are the factors that drive the market.

Ministry of Health and Family Welfare, Government of India, National Institutes of Health, FDA, WHO, PIB, CDC.