Market Size of China Wound Care Management Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 587.67 Million |
Market Size (2029) | USD 706.43 Million |
CAGR (2024 - 2029) | 3.75 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
China Wound Care Management Market Analysis
The China Wound Care Management Market size is estimated at USD 587.67 million in 2024, and is expected to reach USD 706.43 million by 2029, growing at a CAGR of 3.75% during the forecast period (2024-2029).
The COVID-19 pandemic impacted China's wound care management market. For instance, an article published by the International Wound Journal in March 2022 reported that during the pandemic, wound problems increased due to the lack of proper wound care facilities in hospitals and clinics due to COVID-19 restrictions; as a result, China's wound care management market witnessed challenges, thereby impacting the growth of the studied market. However, in the current scenario, it is estimated that with the resumption of services in the hospitals and clinics in the country, the market is expected to witness significant growth over the forecast period.
The factors that are driving the growth of the studied market are the increasing demand for wound recovery products, the rising incidence of chronic wounds, and an increase in the number of surgeries.
The high incidence of diabetes in China is a defining characteristic of the nation, and as a result, there is an increasing need for wound care management to lower the risk of slow-healing wounds in diabetic patients.As ulceration of the foot in diabetes is common and disabling and frequently leads to amputation of the leg, the incidence of chronic wounds, especially foot ulcers, increases among the diabetic population. For instance, in 2021, the International Diabetes Federation (IDF) reported that the number of diabetic cases reported in China in the year 2021 was 140.9 million, which accounted for 10.6% of China's population, and this number is expected to increase by 164.06 million by 2030. According to the report, the country will have 72.83 million undiagnosed cases of diabetes in 2021. Thus, high cases of diabetes are marked by a high incidence of diabetic foot ulcers, thereby increasing the demand for diabetic foot care management in China.
China is getting more requests for wound care management because the number of chronic wounds is going up. For example, an article published by the NCBI in March 2021 said that diabetes (22.5%), infection (22.5%), pressure (17.2%), and trauma (10.2%) were the most common reasons for chronic wounds on the skin in China. Notably, chronic cutaneous wounds have become a major challenge in the country, and therefore, due to this, there is an increasing demand for wound care management, which is driving the market.
Furthermore, the growing number of surgical procedures is propelling the market forward. For instance, an article published by Biomedical and Environmental Sciences in July 2022 reported that in the year 2020, according to the data from 714 hospitals performing cardiac surgery in China, a total of 62,704 patients received surgery for congenital heart disease, accounting for 28.2% of all cardiac and aortic surgeries. The high number of surgeries reported in China is increasing the demand for wound care management products and driving the growth of the studied market.
Thus, the market is expected to grow a lot over the next few years because there is more demand for wound recovery products, more people are getting chronic wounds, and more surgeries are being done. But strict rules and problems with getting paid may slow the growth of the market over the next few years.
China Wound Care Management Industry Segmentation
As per the scope of the report, wounds and injuries are common afflictions that affect billions of people worldwide. The products are highly resistant to environmental inhibitors and foreign particles and are used by a nurse under a physician's orders and supervision for many reasons. The China Wound Care Management Market is classified as follows: Product Type (Wound Care (Dressings, Bandages, Topical Agents, Wound Care Devices), Wound Closure (Suture, Surgical Staplers, Tissue Adhesive, Sealant, and Glue), and Wound Type (Chronic Wound (Diabetic Foot Ulcer, Pressure Ulcer, Arterial and Venous Ulcer, Other Chronic Wound), Acute Wound (Surgical The report offers the value (in USD million) for the above segments.
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China Wound Care Management Market Size Summary
The China wound care management market is poised for substantial growth over the forecast period, driven by an increasing demand for wound recovery products and a rising incidence of chronic wounds. The market's expansion is further fueled by the growing number of surgical procedures and the high prevalence of diabetes, which necessitates effective wound care management to prevent complications such as diabetic foot ulcers. The COVID-19 pandemic initially posed challenges by disrupting wound care services, but the resumption of hospital and clinic operations has set the stage for recovery and growth. The market is characterized by a fragmented landscape with both international and local players, including prominent companies like Johnson & Johnson, 3M Company, and Smith & Nephew PLC, which hold significant market shares.
Innovations in wound care products, such as smart medical dressings and herbal microneedle patches, are contributing to the market's advancement by enhancing wound healing and management. The demand for surgical staplers is also on the rise, driven by the increasing number of minimally invasive and bariatric surgeries, which are becoming more common due to the high obesity rates in China. Regulatory approvals for new wound care technologies further support market growth. Despite potential challenges from stringent regulations and reimbursement issues, the market is expected to continue its upward trajectory, supported by ongoing research and development efforts in wound care solutions.
China Wound Care Management Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increasing Demand for Faster Recovery of Wounds
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1.2.2 Rising Incidence of Chronic Wound and Increase in the Number of Surgeries
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1.3 Market Restraints
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1.3.1 Stringent Regulations and Reimbursements Issues
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - USD million)
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2.1 By Product
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2.1.1 Wound Care
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2.1.1.1 Dressings
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2.1.1.2 Bandages
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2.1.1.3 Topical Agents
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2.1.1.4 Wound Care Devices
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2.1.2 Wound Closure
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2.1.2.1 Suture
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2.1.2.2 Surgical Staplers
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2.1.2.3 Tissue Adhesive, Sealant, and Glue
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2.2 By Wound Type
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2.2.1 Chronic Wound
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2.2.1.1 Diabetic Foot Ulcer
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2.2.1.2 Pressure Ulcer
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2.2.1.3 Arterial and Venous Ulcer
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2.2.1.4 Other Wound Types
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2.2.2 Acute Wound
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2.2.2.1 Surgical Wounds
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2.2.2.2 Burns
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2.2.2.3 Other Acute Wounds
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China Wound Care Management Market Size FAQs
How big is the China Wound Care Management Market?
The China Wound Care Management Market size is expected to reach USD 587.67 million in 2024 and grow at a CAGR of 3.75% to reach USD 706.43 million by 2029.
What is the current China Wound Care Management Market size?
In 2024, the China Wound Care Management Market size is expected to reach USD 587.67 million.