Wound Care & Skin Care Market

Wound Care & Skin Care Market Insights

The wound care & skincare market is summarized to produce a striking improvement in CAGR by 10.1% during the forecast period (2020-2026). Wound care defines as the process of healing of wounds and injuries caused by unfortunate incidents. There are multiple stages for wound care such as hemostasis, diagnostics, wound prophylaxis, analgesics, wound cessation, wound bandage, and clinical follow-up. On the other hand, skincare can be explained as a series of practices to improve skin conditions for healthy beautiful skin. The fundamental purpose of wound care and skincare management is to intensify skin healing for the continuance of good skin amongst individuals. The necessity of the market can be seen amongst all age groups and genders respectively. COVID-19 has deviated the attention towards the current situation, affecting the growth of the skincare market additionally. There is a reduction in commutation, limited surgical procedures, and less exposure to the external environment due to global lockdown has impacted the wound care market as well. Yet, the market will perceive remarkable development in the forecast period due to the accession in diabetics, funding for wound care, and skincare research & development, and recognition concerning organic lifestyle.

Wound Care & Skin Care Market: By Type of Product

The products of the wound care & skincare market are based on wound care dressings, wound care accessories, and skincare products. Foam dressings, hydrocolloid dressings, film dressings, alginate dressings, hydrogel dressings, collagen dressings, hydrofiber dressings, wound contact layers, antimicrobial dressings, and superabsorbent dressings are the segmentation of wound care dressings, where silicone dressings and non-silicone dressings are sub-divisions of foam dressings respectively. The wound care dressing segment is determined to contribute the largest share in the wound care and skincare market. Increase in chronic mishaps, technological progressions in the healthcare domain, and venture capitalists funding in research & development behave as the drivers impacting the expansion of the market.

Wound Care & Skin Care Market: By Type of Application - Wound

The market fragmentation based on the application – the wound is leg ulcers, pressure ulcers, diabetic foot ulcers, post-operative wounds, second-degree burn, acute wounds, and other applications. Diabetic foot ulcers will dominate the global market in the forecast period due to the inferences such as an increase in generic population, mounting incidence of diabetics, and cognizance programs for wound care superintendence.

Wound Care & Skin Care Market: By Type of Application - Skincare

Based on application - skincare, the segregation of the market can be noticed as skin ulcers, fungal conditions, perineal/ incontinence associated dermatitis, intertrigo, and other skin issues (dry, oily, moisture, itchy, burning, erythema, etc). Fungal conditions will thrive as the fastest-growing segment in the market in the projection period. Extreme weather conditions due to climate change, shifting of consumer preference towards organic foods, and an increase in hygiene awareness camps are the factors propelling the augmentation of the global market.

Wound Care & Skin Care Market: By Type of Skin Type

Fragile skin and healthy skin are the types of skin observed in the wound care and skincare market. Healthy skin will contrive the market in the forecast period. With the spike in the growth of the beauty market, the larger adolescent population, ubiquity for dermatology, and technological advancement in the skincare industry are some of the key propellors impacting the global market.

Wound Care & Skin Care Market: By Type of End-user

Based on the end-users, hospitals & wound care centers, ambulatory care centers, homecare settings, and other end-users are the divisions of the wound care & skincare market. Hospitals & wound care centers will register the fastest growth during the subsequent years due to key pilots such as the prevalence of surgical wounds, upsurge in road accidents, and government initiatives towards the improvement of healthcare facilities.

Wound Care & Skin Care Market: By Region

The regions based on the geographical analysis are NA (North America), MEA (the Middle East & Africa), CSA (Central & South America), APAC (Asia-Pacific), and Europe. North America has remained the authoritative region lately, APAC is succeeded to compose a glorious ascent in the global market. Improvement in hospital infrastructure in developing countries, rise in aging population, and accession in trauma injuries due to negligence or inevitable health conditions are the thrusters of the global wound care & skincare market.

Wound Care & Skin Care Market Share and Competitor Analysis

Paul Hartmann AG, Mimedx Group, Coloplast A/S, The 3M Company, DeRoyal Industries, Acelity L.P. Inc., Integra Lifesciences Holding Corporation, Mölnlycke Health Care AB, Baxter International Inc., ConvaTec Group PLC, Organogenesis Holdings Inc., Kerecis, Smith & Nephew PLC, Ethicon Inc., Medtronic PLC, and other industries are the dominant players in the global wound care & skincare market.

Please note: This is not an exhaustive list of companies profiled in the report.

In March 2020, Smith and Nephew Plc. introduced the PICO 14 Single-use NPWT apparatus and dressings in the US

In October 2019, The 3M Group procured Acelity Inc.

Check the Press Release on Wound Care & Skin Care Market Report