U.S. Wound Care Centers Market Size to Hit US$ 20.1 Billion by 2030

The U.S. Wound Care Centers market size was valued at US$ 14.2 billion in 2021 and is expected to hit US$ 20.1 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.3% from 2022 to 2030.

Growth Factors:

The increasing prevalence of chronic injuries in the geriatric population and the growing demand for outpatient services is expected to drive the growth of the market during the forecast period. In addition, the growing adoption of new technologies such as hyperbaric oxygen therapy for treating non-healing and chronic injuries is expected to result in an increased demand for wound care centers in the U.S.

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In the pandemic, the healthcare providers are focusing on the development of resources to support self-care and shared care, avoiding the risk of infection in health professionals and patients. The caregivers are posting videos on changing dressings and the application of compression systems. Most wound care centers are open in the U.S., although operating part-time. However, many centers have observed a reduction in the volume of patients when compared to the same period last year.

There are reimbursement codes specific to products, diagnoses, and procedures/services, which are generally updated on an annual basis. In October 2015, the ICD-10-CM and ICD-10-PCS replaced ICD-9-CM and ICD-9-PCS, allowing care providers to include more details about the health status and promote public health surveillance across the U.S. The Centers for Medicare and Medicaid Services (CMS) has initiated the inclusion of tissue-based and/or cellular products for skin injuries into their application codes.

The CMS includes reimbursement for advanced therapies, such as hyperbaric oxygen therapy for diabetic injuries in lower extremities of patients, and injuries classified as Wagner grade III or higher. The CPT Codes 11042-11047, 97598, and 97597 are used for wound care billing. The availability of reimbursement and regulatory updates promotes the adoption of wound care treatment.

Report Scope of the U.S. Wound Care Centers Market

Procedure Insights

The Hyperbaric Oxygen Therapy (HBOT) segment dominated the U.S. wound care centers market and held the largest revenue share of around 32.0% in 2021. The segment is followed by debridement and specialized dressing procedures, in terms of revenue share. Effective outcomes with the use of hyperbaric oxygen therapy for chronic injuries such as diabetic foot ulcers and arterial ulcers are expected to aid the high demand for hyperbaric oxygen therapy from physicians.

Wound care centers provide care for various types of injuries, debridement of injuries with infections, HBOT for non-healing and chronic injuries, and specialized dressings. The centers are taking measures to make HBOT available to their patients, considering its effectiveness in healing chronic and non-chronic injuries.

Moreover, centers are adopting technologically advanced tools such as Electronic Medical Records (EMR), which help save time required for documentation and enable physicians to focus on the treatment and data analytical tools to provide evidence-based treatment to its patients. To attract patients by creating awareness regarding available wound care treatments, centers organize awareness programs. Owing to the COVID-19 pandemic, service providers are launching videos to assist in procedures, such as changing wound dressings and adopting other telehealth measures to attain growth by attracting patients and reducing the strain on wound care centers.

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Key Companies & Market Share Insights

In terms of geographic presence, EmergeOrtho is present in 45 different locations in the U.S., followed by Baptist Health South Florida with 11 hospital facilities and Tower Wound Care Center with 7 centers. Healogics, Inc. has partnered with around 600 wound care centers, making it the service provider with the strongest geographic presence. Moreover, it has created a wound care database that enables it to provide evidence-based treatments to patients.

The industry is also witnessing the launch of new centers, expansion of facilities, and inclusion of HBOT chambers. In June 2020, Natchitoches Regional Medical Center inaugurated a wound care center that includes four hyperbaric chambers. Moreover, In January 2019, Schoolcraft Memorial Hospital planned a USD 10.0 million expansion of its facility to offer new services and support growth in older services. The new facility will include an outpatient specialty clinic providing services such as wound care, rehabilitation, and physical medicine. Some of the prominent players in the U.S. wound care centers market include:

• 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.

Segments Covered in the Report

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at U.S. for the period of 2017 to 2030

• By Procedure
  • Debridement
  • Negative pressure wound therapy
  • Compression therapy
  • Hyperbaric oxygen therapy
  • Specialized dressings
  • Infection control and Others

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Key Questions Answered in U.S. Wound Care Centers Market Report

• What will be the sales/revenue generated by U.S. Wound Care Centers across all regions during the forecast period?
• What are the opportunities in the U.S. Wound Care Centers market?
• What are the major drivers, restraints, opportunities, and threats in the market?
• Which regional market is set to expand at the fastest CAGR during the forecast period?
• Which application is expected to generate the highest revenue U.S. in 2030?
• Which segment is projected to expand at the highest CAGR during the forecast period?
• What is the market position of different companies operating in the U.S. market?

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