According to the business intelligence report titled ‘Global Wound Care Centers Market Size study, by Type (Hospitals, Clinics), by Procedure (Debridement, Negative pressure wound therapy, Compression therapy, Hyperbaric oxygen therapy, Specialized dressings, Infection control) and Regional Forecasts 2020-2027’, available with Market Study Report, global wound care centers market was assessed at USD 36.1 billion in 2019 and is projected to amass USD 51.7 billion by 2027, recording a compound annual growth rate of 4.6% throughout.
 

Concerns regarding chronic wounds in elderly populace as well as patients with comorbidities is a key factor boosting global wound care centers market growth. Additionally, increasing cases of obesity, diabetes, and other lifestyle diseases worldwide, rising elderly population, and growing number of surgeries are also proliferating the industry share.
 

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According to the World Health Organization, 650 million people were obese worldwide in 2016. Also, as per the International Diabetes Federation, adults between the age of 20-79 years suffering from diabetes were 463 million in 2019 and this number is speculated to reach almost 700 million by the year 2045.
 

For the unversed, wound care center is a medical facility with focus on treating wounds that do not heal for long spans of time. These centers are being constructed in larger numbers to ensure effective treatment of chronic wounds, thereby decreasing risk of infection.
 

On the other hand, expertise needed for use of advanced wound care products, and high cost incurred for wound care services are hindering the market expansion.
 

Based on procedures, worldwide wound care centers market is divided into compression therapy, negative pressure wound therapy, specialized dressings, debridement, hyperbaric oxygen therapy, and infection control. Speaking of types, the industry is classified into clinics, and hospitals.
 

From the regional frame of reference, North America captured majority of global wound care centers industry share in the past year, due to presence of many leading companies in the region, and rising research & development efforts.
 

Meanwhile, Asia Pacific market size is projected to record the highest annual growth rate through 2027, owing to rising number of surgeries in wound care centers, and increasing occurrence of obesity and diabetes.
 

Key players profiled in global wound care centers market report are Mölnlycke Health Care AB, RestorixHealth, Oxyheal LLC, Hologic Inc., Wound Care Advantage LLC, Woundtech, and Systagenix Wound Management Limited.