Wound Dressing Market Size & Growth | Global Forecast to 2028

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Wound Dressing Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Types (Traditional Wound Dressings and Advanced Wound Dressings), Applications (Chronic Wounds and Acute Wounds), End User (Hospitals & Clinics, Ambulatory Surgical Centers, and Others), and Geography  

Publication Month: Jun 2022 | Report Code: TIPHE100001236 | No. of Pages: 244 | Category: Medical Device | Status: Published

The wound dressing market  is expected to grow from US$ 11,319.06 million in 2022 to US$   16,248.76 million by 2028; it is expected to register a CAGR of 6.2% from 2022 to 2028.

A wound is defined as a discontinuity in the epithelial lining of the skin or mucosa due to physical or thermal injury. It can be present in various anatomical parts of the body. However, the basic principles of choosing a wound dressing remain the same. Selecting the proper dressing shortens healing time, provides cost-effective care, and improves the patient's quality of life. This activity examines materials, techniques, cost, ease of use, and healthcare professional preferences. This activity also addresses the assessment and management of different wound dressings and highlights the role of the interprofessional team in wound care. Rising awareness about the importance of wound care and increased incidences of pressure ulcers and diabetic foot ulcers will propel the market's growth. On the other hand, the unfavorable reimbursement scenario is likely to hinder the development of the market during the forecast period.

The report offers insights and in-depth analysis of the wound dressing market , emphasizing various parameters such as market trends, technological advancements, market dynamics, and competitive landscape analysis of global leading market players. It also includes the impact of the COVID-19 pandemic on the market across all regions. Due to the COVID-19 pandemic, many health authorities focused on pandemic-related care. The COVID-19 pandemic hampered supply and demand equations in different industries, including healthcare and tourism. Governments worldwide acted quickly and predictably to safeguard their populations and control the progress of COVID-19 and its economic consequences in the region. On the other hand, several governments ramped up the capacities of their healthcare systems to deal with the crisis, allowing better access to health to people. Building emergency hospitals, increasing ICU bed count, and training health workers to manage critical care units were among the initiatives taken by the government.

Strategic Insights

Report Coverage - Wound Dressing Market
Report CoverageDetails
Market Size Value inUS$ 11,319.06 million in 2022
Market Size Value byUS$ 16,248.76 million by 2028
Growth rateCAGR of 6.2% from 2022 to 2028.
Forecast Period2022-2028
Base Year2022
No. of Pages244
No. of Tables191
No. of Charts & Figures90
Historical data availableYes
Segments coveredTypes, Applications, End User, and Geography
Regional scopeNorth America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country scopeUS, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
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The wound dressing market  is segmented into type, application, end-user, and geography. The market is segmented by region: North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America.

Lucrative Regions for Wound dressing market

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Market Insights
Increasing Incidence of Target Diseases and Procedures

A global increase in chronic diseases, such as diabetes, cancer, and other autoimmune disorders is burdening the healthcare system worldwide. Chronic diseases directly impact the body's natural ability to heal. Diabetes and immunodeficiency conditions are among the most harmful conditions that can slow wound repair. Diabetes is the chronic disease most commonly identified and associated as a risk factor for hospital-acquired and facility pressure injuries. Diabetes impacts the immune system, making infections more common and complicating wound healing. It is one of the most significant global health emergencies of the 21st century. According to the International Diabetes Federation (IDF), in 2021, approximately 537 million adults (20-79 years) will have diabetes. The total number of people living with diabetes is projected to rise to 643 million by 2030 and 783 million by 2045. Thus, the prolonged healing process due to chronic diseases leads to a long-term need for wound dressings, resulting in high demand for them.

Type-Based Insights

Based on type, the global wound dressing market is bifurcated into the advanced and traditional wound dressing. The advanced wound dressing segment held a larger market share in 2022; moreover, the same is expected to grow over the forecasted period. Advanced wound dressings promote healing by preventing the wound from dehydration and avoiding re-injury of new granulation tissue due to scarring.

Wound dressing market , by Type – 2022 and 2028

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Application-Based Insights

Based on application, the global wound dressing market is bifurcated into chronic and acute wounds. The chronic wounds segment held the largest share of the market in 2022; moreover, the same is expected to grow over the forecasted period. The prevalence of chronic wounds is increasing due to the rising geriatric population and increasing incidence of obesity, diabetes, and cardiovascular diseases, which is expected to promote the growth of the wound dressing market during the forecast period.

End User-Based Insights

Based on end user, the wound dressing market is segmented into hospitals, ambulatory surgical centers, clinics, and others. In 2022, the hospitals segment is estimated to hold the largest share of the market. Wound dressing is required in the hospital when treating acute and chronic wounds. The hospital provides extensive healthcare and medical services to patients suffering from various diseases and disorders. The hospital segment is expected to grow during the forecast period due to increasing cases of diabetic foot ulcers and venous leg ulcers.

The wound dressing market  players adopt organic strategies such as product launch and expansion to expand their footprint and product portfolio worldwide and meet the growing demand. In February 2021, Axiobiosolutions announced that it received CE certification from Europe for its next-generation advanced wound care product range MaxioCel.

Geography-Based Insights

By geography, the wound dressing market  is segmented into North America (US, Canada, and Mexico), Europe (France, Germany, UK, Spain, Italy, and the Rest of Europe), Asia Pacific (China, India, Japan, Australia, South Korea, and the Rest of APAC), the Middle East & Africa (Saudi Arabia, UAE, South Africa, and the Rest of the MEA), and South & Central America (Brazil, Argentina, and the Rest of South & Central America).

Company-Based Insights

Convotec Inc.; Coloplast Corp; 3M; Medline Industries Inc.; Medtronic; Integra Lifesciences; Advancis Medical USA LLC; Smith & Nephew PLC, AxioBiosciences and Mölnlycke Health Care AB are the leading companies operating in the wound dressing market.

Frequently Asked Questions

Wound dressings are different from a bandage that holds the dressing in place, and it is designed to be in direct contact with the wound. Wound dressing serves various purposes depending on the wound's type, sternness, and position, apart from the significant function of reducing the risk of infection, stopping hemorrhaging, and starting clotting.
Increasing number of traumatic injuries and rising prevalence of chronic diseases & related wounds are most significant factors responsible for the overall market growth.
Based on type, market is bifurcated into advanced wound dressing and traditional wound dressing. Advanced wound dressing segment is anticipated to hold a larger share in 2022 and is expected to continue to do so during the forecast period.
Convatec Inc.; Coloplast Corp; 3M; Medline Industries, Inc.; Medtronic; Integra LifeSciences Holdings Corporation; Smith+Nephew; Advancis Medical; Mölnlycke Health Care AB.; Axio Biosolutions Pvt Ltd. are among the leading companies operating in the global wound dressing market
The List of Companies - Wound Dressing Market
  1. Convatec Inc
  2. Coloplast Corp  
  3. 3M
  4. Medline Industries, Inc.               
  5. Medtronic
  6. Integra LifeSciences Holdings Corporation           
  7. Smith+Nephew               
  8. Advancis Medical            
  9. Mölnlycke Health Care AB.         
  10. Axio Biosolutions Pvt Ltd             
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the wound dressing market.
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the global wound dressing market, thereby allowing players across the value chain to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution.
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