Wound care market expected to hit $22 billion by 2022

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The wound care market is expected to grow 3.7% over the next five years to hit $22.01 billion by 2022, according to a new report.

The dominant U.S.-based players in the wound care market include Acelity L.P. Inc., Baxter International Inc., Ethicon Inc., 3M Company, Hill-Rom Holdings, Inc., Derma Sciences Inc., Alliqua Bio Medical Inc. and Fidia Pharma USA Inc., ReportsnReports said in its global forecast.

Other major companies listed included Smith & Nephew and ConvaTec Group Plc.

While the report looked at hospitals, long-term care facilities and specialty wound care clinics, the home healthcare segment is the fastest growing segment, authors said. It is expected that of single-use disposable and portable systems such as for negative pressure wound therapy will continue to grow.

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