U.S. Wound Care Centers Market - Industry Analysis, Size, Trends, Growth, and Forecast 2019 - 2029

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U.S. Wound Care Centers Market - Industry Analysis, Size, Trends, Growth, and Forecast 2019 - 2029

Status : January, 2023 | Medical Devices

Report Digest

U.S. Wound Care Centers Market: Snapshot

The U. S. wound care centers market was initially evaluated at US$ 13.2 billion in the base year of the study i.e. 2020. The research report predicts that the U. S. wound care centers market will record a steady growth rate of 4.3 % during the forecast period of 2021 to 2028.

Furthermore, it also projects that the U. S. wound care centers market will expand to hit the final evaluation of US$ 18.1 billion by the end of the forecast period in 2028.

The growing prevalence of various chronic health conditions in global geriatric population as well as the increase in the demand for effective outpatient services are anticipated to favour the growing demand for wound care centers market in the United States.

Some other major revenue generation opportunities in the U.S. wound care centers market include rising trend of adopting new and modern medical and healthcare technologies such as hyperbaric oxygen therapy for the treatment of chronic injuries that are non-healing in the nature.

Furthermore, the leading players in the U.S. wound care centers market offer various treatment therapeutics, including negative pressure wound therapy, hyperbaric oxygen therapy, debridement, and compression therapy, among others.

U.S. Wound Care Centers Market: Overview

Wounds are defined as any external breakage in the continuity of the skin due to trauma or internal inflammation. Wound care centers are specifically set up to cater to care of non healing wounds. Such wounds result from either repeated trauma to the skin or from excess inflammation in the body that prevents complete healing of wounds. Since any opening in the skin is prone to infection, it becomes necessary to care for such wounds aggressively. This is why dedicated centers are setup for this purpose. 

In the United States population is ageing at an alarming rate, as per TMRR. Increasing age predisposes to chronic conditions which prevent the healing of common wounds. Also, the potential for spontaneous healing decreases with age. An increase in the incidence of diabetes among other chronic conditions is especially worrisome as this disease specifically results in non healing wounds. Healthcare spending is increasing in this region as people demand better living conditions from their capitalist government. Hence the wound care centers market is set to witness steady growth from 2019 to 2029. 

U.S. Wound Care Centers Market: Competitive Landscape

A number of service providers are listed in this market in the United States. This makes the regional market scenario fragmented. Some of the prominent players in the U.S. wound care centers market include:

  • Baptist Health South Florida
  • SNF Wound Care
  • Wound Care Center NYC
  • EmergeOrtho
  • North Shore Health and Hyperbarics
  • Natchitoches Regional Medical Center
  • Schoolcraft Memorial Hospital
  • Clarion Hospital
  • Healogics, Inc.
  • U.S. Wound Care Centers

These service providers realize the potential their market holds for the future and are willing to capitalize on this. Acquisition of smaller service facilities and increasing outreach to the population by awareness programs are among few strategies they are bound to adopt for a steady supply. 

U.S. Wound Care Centers Market: Key Trends and Drivers

  • Diabetes is a major killer globally, and specifically in the United States owing to the unhealthy lifestyle adopted by many people in this country. The number of people with diabetes rose from 108 million in 1980 to 422 million in 2014. The global prevalence of diabetes among adults over 18 years of age rose from 4.7% in 1980 to 8.5% in 2014. The United States stays a major contributor to global diabetes cases and is expected to be so in the future.
  • The world population is getting older. Especially in the developed countries like the United States, the number of persons aged 60 years and above will double till 2060. With increasing age comes the incidence of chronic illnesses which are expected to affect 57% of all people globally by 2050. Both age and chronicity of illness decrease the body's immune system and response to wound healing. This should give a steady growth curve for the wound care market to ride upon. 

U.S. Wound Care Centers Market: Regional Analysis

Among locations in the United States of America, the states of Florida and California are expected to register the fastest growth in the wound care centers market. This can be attributed to the presence of tropical conditions in these regions coupled with a large geriatric population that is dependent on state healthcare machinery for their daily needs. Diabetes too is quite prevalent in these areas which further accentuate demand for this market. 

Market Segmentation:

By Procedure Outlook

  • Debridement
  • Negative pressure wound therapy
  • Compression therapy
  • Hyperbaric oxygen therapy
  • Specialized dressings
  • Infection control and Others

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5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?