The U.S. wound care centers market size was exhibited at USD 14.85 billion in 2023 and is projected to hit around USD 24.44 billion by 2033, growing at a CAGR of 5.11% during the forecast period 2024 to 2033.
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.
| Report Coverage | Details |
| Market Size in 2024 | USD 15.61 Billion |
| Market Size by 2033 | USD 24.44 Billion |
| Growth Rate From 2024 to 2033 | CAGR of 5.11% |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Segments Covered | Procedure |
| Market Analysis (Terms Used) | Value (US$ Million/Billion) or (Volume/Units) |
| Regional Scope | U.S. |
| Key Companies Profiled | Baptist Health South Florida; TOWER Wound Care Center; SNF Wound Care; Wound Care Center NYC; Wound Institute of America; EmergeOrtho; North Shore Health and Hyperbarics; Natchitoches Regional Medical Center; Schoolcraft Memorial Hospital; Clarion Hospital; Healogics, Inc. |
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.
Furthermore, according to the International Diabetes Federation Diabetes Atlas 2023 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 2019, 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 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.
The Hyperbaric Oxygen Therapy (HBOT) segment held the largest share of 31.15% of the overall revenue in 2023 and is expected to witness the fastest growth rate during the forecast period. Increasing awareness about the use of HBOT for chronic wounds, including diabetic foot ulcers, is expected to drive segment growth. Effective results with the use of HBOT for the treatment of chronic wounds, such as arterial ulcers & diabetic foot ulcers, are expected to boost the demand for HBOT from physicians. The number of HBOT treatments requires changes depending on the extent of a patient’s wound and how well the wound responds to the therapy. Wound care centers are proving reliable and improved HBOT services to promote effective & faster healing.
For instance, in May 2021, Mayo Clinic reported using HBOT to heal complications occurring after cleft palate surgery in an infant. In addition, medical facilities are introducing HBOT services due to the increasing awareness about its benefits in wound healing. Moreover, the debridement segment is expected to witness significant growth during the forecast period, owing to its rising adoption for the treatment of diabetic foot ulcers. According to the National Library of Medicine, the lifetime prevalence of Diabetic Foot Ulcerations (DFU) is around 15-34% in the U.S., and debridement as a treatment can enhance ulcer healing and prevent complications, such as infections & amputations, which can otherwise cause major clinical & public health implications.
This report forecasts revenue growth at country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Nova one advisor, Inc. has segmented the U.S. wound care centers market.
Procedure
Chapter 1 U.S. Wound Care Centers Market: Report Scope and Methodology
1.1 Market Segmentation
1.2 Estimates and Forecast Timeline
1.3 Research Methodology
1.3.1 Information procurement
1.3.2 Purchased Database
1.3.3 Internal Database
1.3.4 Secondary Sources
1.3.5 Primary Research
1.3.6 Details of Primary Research
1.4 Information or Data Analysis
1.4.1 Data Analysis Models
1.5 Market Formulation & Validation
1.6 Model Details
1.6.1 Volume Price Analysis
1.7 List of Secondary Sources
1.8 List of Abbreviations
1.9 Report Objectives
1.9.1 Objective - 1
1.9.2 Objective - 2
1.9.3 Objective - 3
Chapter 2 U.S. Wound Care Centers Market: Executive Summary
2.1 Market Snapshot
2.2 Market Segmentation
2.3 Competitive Landscape
Chapter 3 U.S. Wound Care Centers Market: Variables, Trends, & Scope
3.1 Market Lineage Outlook
3.1.1 Parent market outlook
3.1.2 Ancillary Market Outlook
3.2 Market Dynamics
3.2.1 Market driver analysis
3.2.1.1 Increasing geriatric & diabetic population
3.2.1.2 High demand for wound care
3.2.1.3 Initiatives by wound care centers
3.2.2 Market restraint analysis
3.2.2.1 High cost of treatment
3.2.2.2 Lack of awareness about the complications associated with chronic wounds
3.2.2.3 Hurdles with wound care billing collection
3.3 Business Environment Analysis Tools
3.3.1 U.S. Wound Care Centers - Porter’s Five Forces Analysis
3.3.1.1 Competitive rivalry: High
3.3.1.2 Threat of new entrants
3.3.1.3 Threat of substitutes
3.3.1.4 Bargaining power of suppliers
3.3.1.5 Bargaining power of buyers
3.3.2 U.S. Wound Care Centers- PESTEL Analysis
3.3.2.1 Political and legal
3.3.2.2 Economic
3.3.2.3 Social
3.3.2.4 Technology
3.4 Regulatory Scenario & Reimbursement Outlook
3.4.1 Regulatory Scenario
3.4.2 Reimbursement Scenario
3.5 Penetration & Growth Prospect Mapping, 2022
3.6 Impact of COVID-19: Qualitative Analysis
Chapter 4 U.S. Wound Care Centers Market: Procedure Analysis
4.1 U.S. Wound Care Centers Procedure Market Share Analysis, 2024 & 2033
4.2 U.S. Wound Care Centers Procedure Market: Segment Dashboard
4.2.1 Hyperbaric Oxygen Therapy
4.2.1.1 Hyperbaric oxygen therapy market, 2021 - 2033
4.2.2 Debridement
4.2.2.1 Debridement market, 2021 - 2033
4.2.3 Specialized Dressing
4.2.3.1 Specialized dressing market, 2021 - 2033
4.2.4 Negative Pressure Wound Therapy
4.2.4.1 Negative pressure wound therapy market, 2021 - 2033
4.2.5 Compression Therapy
4.2.5.1 Compression therapy market, 2021 - 2033
4.2.6 Infection Control And Others
4.2.6.1 Infection control and others market, 2021 - 2033
Chapter 5 Competitive Analysis
5.1 Participant’s Overview
5.2 Financial Performance
5.3 Participant Categorization
5.4 Participant Categorization
5.5 Company Market Position Analysis
5.6 List of Few Wound Care Centers
5.7 Strategy Mapping
5.7.1 New Service launch
5.7.2 Partnerships
5.7.3 Acquisition
5.7.4 Regional expansion
5.7.5 Funding
5.8 Company Profiles
5.8.1 TOWER WOUND CARE CENTER.
5.8.2 SNF Wound Care
5.8.3 WOUND INSTITUTE OF AMERICA
5.8.4 EmergeOrtho
5.8.5 North Shore Health and Hyperbarics
5.8.6 Baptist Health South Florida
5.8.7 Natchitoches Regional Medical Center
5.8.8 Schoolcraft Memorial Hospital
5.8.9 Clarion Hospital
5.8.10 Healogics, Inc.
Cross-segment Market Size and Analysis for Mentioned Segments
Additional Company Profiles
(Upto 5 With No Cost)
Additional Countries (Apart
From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers