Advanced Wound Care Dressing Market Key Players and Forecast by 2030

[Research Report] The advanced wound care dressing market size is expected to grow from US$ 4,333.25 million in 2022 to US$ 6,629.49 million by 2030; the market is estimated to register a CAGR of 5.46% during 2022–2030.

Analyst’s Viewpoint

The advanced wound care dressing market analysis explains factors such as the growing number of burn wounds, chronic diseases, and road accidents, which result in a higher need for surgical procedures. The increasing number of surgical procedures, in turn, propels the demand for advanced wound care products. Further, advancements in current technologies and new product launches by market players are expected to introduce new trends in the advanced wound care dressing market during 2022–2030. Based on type, the market is segmented into foam dressing, alginate dressing, hydrogel dressing, hydrocolloid dressing, collagen dressing, film dressing, and others; the foam dressing segment accounted for the largest market share in 2022.

Advanced wound dressings are designed to have biological activity either on their own or through the release of drugs impregnated within the dressing. These drugs can play an active role in the wound healing process, either directly by removing necrotic tissue or indirectly by preventing or treating the infection to aid tissue regeneration. Semipermeable films and foams fall under the semi-occlusive category, while hydrocolloids and hydrogels are considered advanced interactive dressings. These dressings help in wound management by delivering drugs to the wound site in a controlled fashion to improve treatment adherence and therapeutic outcomes.

Market Insights

Increasing Advanced Wound Care Dressing Market Growth

The increasing prevalence of chronic diseases such as ulcerative colitis, cardiac arrest, cancer, and brain hemorrhage has led to a rise in the demand for surgical procedures. For instance, according to the Australian Institute of Health and Welfare (AIHW), in 2020-2021, cardiovascular disease was the reason behind the hospitalization of 600,000 people, representing 5.1% of all hospitalizations in Australia. Among these patients, 146,000 coronary angiography procedures were reported, out of which 97,200 (67%) were performed for males and 48,900 (33%) for females. Similarly, an article published by Eurostats in 2023 showed that in 2021, transluminal coronary angioplasty was one of the top ten surgical procedures performed in European countries. It was performed an average of 553 and 390 times per 100,000 inhabitants in Croatia and Germany, respectively.

Additionally, growing prevalence of cancer, one of the chronic conditions which requires surgical removal of tumors is becoming a global health burden. According to the statistics provided by the National Center for Health Statistics (NCHS), IN 2023, cancer resulted in 609,820 deaths, and 1,958,310 new cancer cases were reported in the US. Moreover, surgical procedures for burns and scald wounds and plastic surgeries for beauty enhancement are contributing to the growth of the advanced wound care market. According to the global survey released by the International Society of Aesthetic Plastic Surgery (ISAPS) in 2021, plastic surgeons performed over 12.8 million surgical procedures, representing a 19.3% increase in 2021. Procedures like cardiac surgeries or plastic surgeries result in surgical wounds and scarring. Most of the surgical wounds heal without any complications. However, in some cases, a wound may become infected post-surgery due to the growth of germs. This can lead to a delay in the wound-healing process. The purpose of a dressing used in operations is to absorb any fluid weeping from the surgical wound, provide the best conditions for healing, and protect the area during the healing process. The use of advanced wound dressings such as foam dressing and hydrogel dressings has emerged as a feasible option to speed up the healing process owing to their antibacterial properties.

Future Trend

Advancements in Existing Technologies to Bring New Trends in Advanced Wound Care Dressing Market in Coming Years

Major companies in the advanced wound care dressing market focus on research and development activities, which has resulted in the introduction of novel products that are more effective than traditional wound dressings. In March 2022, Cardinal Health launched its first surgical incise drape using industry-leading antiseptic chlorhexidine gluconate (CHG). The drape is equipped with Avery Dennison's patented BeneHold CHG adhesive technology, which reduces the risk of surgical site contamination by preventing the growth of organisms that typically cause surgical site infections (SSIs). The incise film is sturdy, conformable, and breathable, providing a sterile surface that acts as a barrier against contamination.

In April 2023, Convatec Group Plc. acquired the anti-infective nitric oxide technology platform of 30 Technology Limited. In addition to its use in advanced wound care, Convatec plans to explore the potential application of this innovative technology platform across all of its business categories, eventually boosting its advanced wound care portfolio.

Coloplast has introduced some remarkable innovations in wound care; Biatain silicone foam dressing stands out for its exceptional absorption ability and minimum maceration risk. The company also offers a range of products for managing complex wounds. These include Comfeel Plus pressure ulcer dressing and SenSura Mio Convex Flex ostomy appliance. Such product launches and innovations encourage healthcare providers to shift from traditional wound dressings to advanced dressings, which is likely to drive the growth of the advanced wound care dressing market.

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Advanced Wound Care Dressing Market: Strategic Insights

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Report Segmentation and Scope

Type-Based Insights

Based on type, the advanced wound care dressing market is segmented into foam dressing, alginate dressing, hydrogel dressing, hydrocolloid dressing, collagen dressing, film dressing, and others. The foam dressing segment held the largest market share in 2022; it is anticipated to register the highest CAGR during 2022–2030. Foam dressings are absorbent and non-linting. They come in different thicknesses and have a non-adherent layer that allows for gentle removal without causing trauma. Some foam dressings come with an adhesive border and a film coating to provide additional protection against bacteria. They create a moist environment and insulation for the wound. They are available as pads, sheets, and pillow (cavity) dressings. Foam dressings can be used as primary or secondary dressings for partial- and full-thickness wounds that produce minimal, moderate, or heavy drainage. They can also be used as the primary dressing to provide absorption and insulation or as a secondary dressing for wounds with packing. Additionally, they can be used to absorb drainage around tubes. These unique characteristics make dressings the most suitable type of dressing for chronic wounds, allowing for fast and effective healing treatment.

Application-Based Insights

Based on application, the advanced wound care dressing market is segmented into heavy exudated wounds, burns and scalds, ulcers/bedsores/cavity wounds, post-operative wounds and injuries, and others. The heavy exudated wounds segment held the largest market share in 2022, and it is anticipated to register the highest CAGR during 2022–2030.

End User-Based Insights

In terms of end user, the advanced wound care dressing market is classified into hospitals & clinics, specialty centers, homecare, and others. The hospitals & clinics segment held the largest share of the market in 2022, and it is anticipated to register the highest CAGR during 2022–2030.

Advanced Wound Care Dressing Market Regional Insights

The regional trends and factors influencing the Advanced Wound Care Dressing Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Advanced Wound Care Dressing Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Advanced Wound Care Dressing Market Report Scope

Advanced Wound Care Dressing Market Players Density: Understanding Its Impact on Business Dynamics

The Advanced Wound Care Dressing Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Advanced Wound Care Dressing Market are:

1. TRIAGE MEDITECH PVT. LTD
2. Convatec Group PLC
3. MedSupply Inc.
4. Smith and Nephew
5. HARTMANN USA, Inc.

Disclaimer: The companies listed above are not ranked in any particular order.

Regional Analysis

The North America advanced wound care dressing market is segmented into the US, Canada, and Mexico. The market growth can be attributed to the increasing number of acquisitions by top market players operating in the region. The advanced wound care dressing market in the US is expected to witness significant growth due to rapid technological advancements, and rising medical expenditure in healthcare.

The report profiles leading players operating in the global advanced wound care dressing market. These include TRIAGE MEDITECH Pvt. Ltd; Convatec Group PLC; MedSupply Inc.; Smith and Nephew; HARTMANN USA, Inc.; Medtronic; Medical Monks; 3M; Mölnlycke Health Care AB; Coloplast Corp; and MEDCU.

• In August 2022, 3M Health Care's Medical Solutions Division introduced a new and advanced version of 3M Veraflo Therapy. The updated version comes with a new 3M Veraflo Cleanse Choice Complete Dressing Kit and a software upgrade for the 3M V.A.C. Ulta Therapy Unit, which is available to customers at no additional cost. These new offerings help simplify the care delivery processes for clinicians using Veraflo Therapy, a negative pressure wound therapy with instillation, and make dressing changes faster, easier, and less painful for their patients compared to previous Veraflo Therapy dressings.
• In January 2022, Convatec Group Plc entered into a definitive agreement to acquire Triad Life Sciences Inc., a medical device company based in the US. Triad engages in the development of biologically-derived innovative products to address unmet clinical needs for managing surgical wounds, chronic wounds, and burns. The transaction was closed in Q1 2022, subject to regulatory approvals and other customary conditions.