Global Wound Dressing Market Overview:
Wound dressing refers to the wound covering that can replace damaged skin as a temporary barrier during wound healing, avoid or control wound infection, protect wounds. In a broad sense, wound dressings include wound care not only products but also infection protection products, disinfection, and cleaning products.
Global Wound Dressing Market Insights
The global wound dressing market expected to increase market value by USD 27.8 billion with an escalating CAGR in the forecast period from 2020-2027. With the global aging population problem becoming increasingly prominent, and the resulting increase in patients with ulcers, bedsores, and other diseases, the global wound dressing
market demand will continue to grow. In recent years, medical resources have gradually enriched; medical security has slowly increased. The construction of necessary medical facilities has accelerated. Also, residents’ living standards and health awareness have continuously improved; thus, the wound dressing market has also ushered in a rapid development period. Moreover, as the medical reform further improves medical quality and medical safety, industry concentration is gradually improving, beneficial to large and medium-sized enterprises. With a sizeable operating scale, muscular strength, and well-managed management to expand the wound dressing market share. Besides, from the perspective of global trends, the downstream market’s demand for multifunctional, new materials, and high value-added medical dressings has become increasingly urgent, and the high-end medical dressing industry has ushered in excellent development opportunities. It mainly aimed at more complex wound care, including chronic wounds, burns, complex surgical
wounds, etc. Besides, high-end wound dressings used for wet wound healing, and has the advantages of reducing the pain of dressing change, shortening the healing time, reducing the number of dressing changes, reducing the labor intensity of medical staff, reducing the cost of comprehensive treatment, and simple and easy to change.
Improvement in Traditional Dressing
With the continuous improvement of the production technology represented by the issuer in medical non-woven fabric production, medical non-woven fabrics have gradually widely used, and the market scale has increased. Compared with traditional cotton woven products, medical non-woven fabrics have high dust filterability, low postoperative infection rate, convenient disinfection and sterilization, and natural compounding with other materials.
The spread of Infectious disease
With the proliferation of infectious diseases in the world, the increasing demand for aging care of the population, the promotion of domestic medical reform policies, the frequent occurrence of smog caused by environmental pollution, and the rising awareness of global medical protection, the scale of wound dressing market shows a rapid growth trend.
By Product Segmental Analysis
Based on the product, the global wound dressing market segmented into Traditional Wound Dressings (Anti-infective Dressings, Dry Dressings, Tapes), Advanced Wound Dressings (Film Dressings, Foam Dressings, Hydro-fibers, Hydrocolloids, Hydrogels, Wound Contact Layers, Super Absorbent Dressings, Alginates, Collagen). The advanced wound dressing segment estimated to dominate the maximum share of the global wound dressing market in the forecast period. The advanced wound dressing includes Film Dressings, Foam Dressings, Hydro-fibers, Hydrocolloids, Hydrogels, Wound Contact Layers, Super Absorbent Dressings, Alginates, Collagen. The advanced wound dressing is rising due to its efficacy and reducing the risk of infection in the wound. Moreover, the alginate wound dressing has a substantial share and will continue to grow in the forecast period. It is mainly owing to its use for bleeding wounds and reducing the pain and has the gel-forming ability. Also, it has a high absorbent capacity that helps in keeping the wound clean and dry.
By Wound Type Segmental Analysis
Based on the wound type, the global wound dressing market categorized into Diabetic Foot
Ulcers, Surgical Wounds, Venous Ulcers, Pressure Ulcers, Burns, Others. The diabetic foot ulcer segment dominates the market share for the global wound dressing market. It is one of the most severe complications of diabetic patients. Its treatment is also complicated and lengthy due to the complicated occurrence and development of diabetic foot ulcers. Diabetic foot ulcers have the characteristics of a long treatment period, high cost, and high disability rate, which cause great pain to patients and are also tricky problems in clinical nursing work. Therefore, alginate dressing majorly used for dressing diabetic ulcers wound. Appropriate diabetic foot dressings can effectively help patients reduce pain.
Component Segmental Analysis
Based on the components, the global wound dressing market segmented into Hospitals & Clinics (Inpatient Settings, Outpatient Settings), Long-term Care Facilities, Home Care Settings. The hospitals and clinics segment will have the highest share in the forecast period. It is mainly due to the rising cases of diabetic ulcer cases, and other surgery procedure cases will drive the market share for the global wound dressing market. Moreover, the homecare segment will also have lucrative growth due to the rising geriatric population and an increasing preference for home healthcare services.
By Region Segmental Analysis
Based on geography, the global wound dressing market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is the world’s fastest-growing global wound dressing market, accounting for the largest share. It is mainly due to the increasing health care facilities, adoption of new technology in wound dressing methods, and a rising geriatric population that will propel the market demand in North America.
Companies such as Smith & Nephew plc, Ethicon, Inc. (A Subsidiary of Johnson & Johnson), Convatec Group Plc, Baxter International Inc., Coloplast A/S, Paul Hartmann AG, Medtronic plc, 3M Company, Integra Life Sciences Holding Corporation, and others are key players for global wound dressing market.
- Market research and consulting firms
- Industry associations
- Global wound dressing manufacturing companies
- Research organizations and consulting companies’ wound dressing
- Regulatory bodies
The objective of the Research
- Market modeling starts with identifying a target market where historical data exists. A Market can include prediction problems, economic factors, analyzing customer behavior, and identifying new patterns from past events, which helps our client to have deep dive into the market.
- Product analysis involves steps such as examining product features, costs, availability, quality, and other aspects. Product analysis is conducted to understand potential buyers and measure competition in the market.
- Market Trend and Economic Factors Analysis helps in assessing potential changes to an economy’s inflation rate, taxes, interest rates, exchange rates, trading regulations, and excise duties that can or have a major effect on the target market.
- Market Segmental Analysis defines in-depth scenario of the target market by the process of grouping consumers into naturally existing created segments of consumers who share similar product preferences or characteristics
- The geographical mapping approach helps our clients to understand national or international markets because different consumers in different regions have different needs wants, and cultural characteristics that can be specifically targeted.
Market Modelling By Product
By Wound Type
- Traditional Wound Dressings
- Anti-infective Dressings
- Dry Dressings
- Advanced Wound Dressings
- Film Dressings
- Foam Dressings
- Wound Contact Layers
- Super Absorbent Dressings
- Diabetic Foot Ulcers
- Surgical Wounds
- Venous Ulcers
- Pressure Ulcers
- Hospitals & Clinics
- Inpatient Settings
- Outpatient Settings
- Long-term Care Facilities
- Home Care Settings
- North America
- Asia Pacific
- South America
- Middle East & Africa