U.S. Wound Care Centers Market Expected To Fuel Industry Growth With $20.2 Billion By 2030: Grand View Research Inc.

U.S. Wound Care Centers: Everything You Need to Know

San Francisco, 05 February 2030: The Report U.S. Wound Care Centers Market Size, Share & Trends Analysis Report By Procedure (Debridement, HBOT, Compression Therapy, Specialized Dressing, Infection Control), And Segment Forecasts, 2023 - 2030

The U.S. wound care centers market size is expected to reach USD 20.2 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to grow at a CAGR of 5.10% from 2023 to 2030. The growth can be attributed to the growing prevalence of chronic wounds and rising awareness regarding wound care management. As per the Agency for Health Research and Quality (AHRQ), in the U.S., more than 2.5 million people suffer from pressure sores each year. In addition, according to the same source, pressure alone, or in combination with friction, results in Pressure Ulcers (PUs), which cost more than USD 11 billion annually in the U.S.

These centers provide care for various types of wounds, debridement of wounds with infections, HBOT for non-healing & chronic wounds, and specialized dressings. The centers are taking measures to make HBOT available to its patients, considering its effectiveness in healing chronic and non-healing wounds. Moreover, wound care centers benefit greatly from innovations in medical solutions for wound care treatment. For instance, UlceRx Therapy Solution Kit launched by SIGVARIS are compression stockings that assist centers in treating venous leg ulcers. Similarly, Healogics, Inc. organized an awareness campaign about the impact of heart health on wound healing, and nearly 82% of leg amputations in the U.S. need to be performed due to poor blood circulation in the limb, which can be avoided by compression therapy.

The COVID-19 pandemic adversely impacted the overall industry as many centers were closed and reduced patient volumes to curb the spread of the virus. After the initial disruptions caused by the pandemic, companies as well as the U.S. government began undertaking corrective actions to help the economy and businesses recover. To facilitate wound care during the COVID-19 pandemic, Healogics, Inc., a provider of wound care, launched its Telehealth Program, which was immediately made available to more than 600 wound care centers and 4,000 associated wound care providers.

The rising prevalence of chronic non-healing wounds in the elderly population and increasing demand for wound care services are expected to propel the industry growth over the forecast period. As per an article published by UpToDate, Inc., around 1 to 2 in 100,000 individuals in the U.S. are suffering from chronic non-healing wounds. Moreover, the rising adoption of advanced technologies in procedures and dressings is expected to drive the industry. According to an article published in Advances in Wound Care, chronic wounds are the most common in the geriatric population.

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Open wounds are present in 3% of Americans over 65 years of age. The U.S. government projects that there will be over 77 million geriatric people in the country by 2060, which indicates that chronic wounds will continue to be a constant problem affecting this population group. According to estimates, chronic wounds affect 2% of the population in the U.S. The growing cases of diabetes and diabetic foot ulcers are anticipated to lead to an increased demand for efficient wound care, thereby supporting industry growth. According to the University of California, the leading cause of nontraumatic amputation of the lower extremity in the U.S. is diabetes, and around 14-24% of diabetic patients who develop foot ulcers undergo an amputation.

U.S. Wound Care Centers Market Report Highlights

  • The Hyperbaric Oxygen Therapy (HBOT) procedure segment held the largest revenue share in 2022 due to the high demand for chronic wound treatment for arterial ulcers and diabetic foot ulcers and its high success rate
  • The specialized dressings segment is expected to witness significant growth during the forecast period owing to the launch of various advanced and innovative specialized dressings in the market
  • In October 2020, the “Local Coverage Article: Surgical Dressings” was updated by the CMS Durable Equipment Medical Administrative Contractors (DMEMACs) to include payments for primary & secondary use of alginate and many other dressings with fiber gelling. Before this update, these products were not reimbursed when applied as primary dressings
  • The market potential is driving numerous service providers to strengthen their industry presence by opening new centers and entering into partnerships with other firms
  • For instance, in May 2022, EmergeOrtho opened a new office in Fuquay-Varina, North Carolina. This new location expanded its specialty orthopedic services in the Triangle Region

Furthermore, according to the International Diabetes Federation Diabetes Atlas 2022 statistics, in the 10th edition of 2021, there were 32,215 thousand cases of diabetes in the U.S., and this number is projected to reach 36,289 thousand by 2045. To cater to the rising demand for wound care, wound care centers are conducting awareness programs and adopting new technologies. For instance, in November 2023, Mariners Hospital, a part of Baptist Health South Florida, included hyperbaric oxygen therapy in its services portfolio. Such measures are expected to increase the demand for wound care due to an increase in awareness and accurate & quick treatment owing to the growing adoption of new technologies.

The industry is highly competitive. There are around 47 centers of EmergeOrtho in the U.S., three of Baptist Health South Florida, and six of Tower Wound Care Center. Industry players adopt this strategy to expand the outreach of their service in the market and increase the availability of their service in diverse geographical areas. For instance, in February 2020, Healogics, Inc., in partnership with the University of Southern California (USC), produced a model that identifies wounds most likely to heal within 12 weeks.

U.S. Wound Care Centers Market Report Scope

Report Attribute

Details

The revenue forecast in 2030

USD 20.2 billion

Growth rate

CAGR of 5.10% from 2023 to 2030

The base year for estimation

2022

Historical data

2018 - 2021

Forecast period

2023 - 2030

The market in the U.S. was adversely impacted during the first half of the COVID-19 pandemic. During the pandemic, healthcare providers were focusing on developing resources to support shared care and self-care, minimizing the risk of infection among health professionals & patients. However, many centers reported a reduced volume of patients when compared to a similar period of pre-pandemic. According to the data published by Tissue Analytics, collected from the U.S. wound clinics, a year-on-year weekly reduction of 5% was observed in early March 2020, which reached 25% as of April 17, 2020. Some centers were working at full capacity and, in many cases, were overbooked to compensate for the high appointment cancellation rate.


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