The primary goals of wound closure and advanced wound care are acceleration of wound healing, stabilization of the wound, wound palliation that involves wound symptom and pain management and addressing the various concerns of the patients.Essential for effective closure and accelerated healing to of various kinds of surgical wounds, burns, ulcers, traumatic lacerations and radionecrotic wounds.

Ensure functional closure of the wound non-invasively and in an aesthetically appealing manner, accelerated wound healing, reduction of the patient suffering, chances of wound complications and recurrence to improve the overall quality of life of patients by elevating independence and functional status of the patients. 

The wound closure and advanced wound care global market is expected to reach $25,527.8 million by 2026 growing at a mid single digit CAGR from 2019 to 2026.

Some of the factors such as increasing acute and chronic wound burden among the global population, escalating number of surgical procedures associated with chronic diseases and rapidly increasing geriatric population with prolonged wound healing time and increased susceptibility to various kinds of wounds are driving the market growth. 

Based on the wound type, the market is segmented as Acute wounds and Chronic wounds. 

The Acute wound segment accounted for the largest revenue in 2019 and is expected to growing at a mid single digit CAGR from 2019 to 2026 primarily due to the elevating number of surgical procedures performed across the globe and increasing prevalence of chronic diseases like cancer and other gastrointestinal diseases that necessitate surgical incisions.

The Chronic wounds segment is expected to growing at a mid single digit CAGR from 2019 to 2026. The fastest growth rate of this segment is mainly due to increasing prevalence of diabetes among the world population, increasing incidences of cardiovascular diseases and cancers, escalating global incidence of pressure ulcers associated with increased rates of hospitalization and elevating geriatric population.

Among the advanced wound dressings, foam dressings segment accounted for the largest revenue in 2019 and is expected to grow at a mid single digit CAGR

The wound closure and advanced wound care global application market is segmented as burns, ulcers, surgical wounds, trauma lacerations and radionecrosis. Among these, the surgical wounds segment accounted for the largest. Ulcers segment is the fastest growing segment due to the high prevalence of various types of ulcers and various chronic diseases among the global population.

According to the Wound Healing Society, chronic wounds can be classified into pressure ulcers, venous ulcers, diabetic foot ulcers and arterial insufficiency ulcers. These are increasing due to the increasing prevalence of diabetes, obesity and the increasing elderly population.

Elderly populations with stroke, dementia, diabetes, impaired mobility and healthy individuals with prolonged stay in ICUs are more vulnerable to pressure ulcers. Obesity and diabetes can result in an increased incidence of ulceration of foot.

The worldwide annual incidence rate for diabetic foot ulcers has been estimated to be between 9.1 to 26.1 million.

The global annual incidence of diabetic foot ulcers has been estimated to be 6.3% and the lifetime incidence of foot ulcers in diabetic patients has been reported to be 19-34%.