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Global Wound Dressing Market size was valued at USD 14.2 Billion in 2023 and is poised to grow USD 20.49 Billion by 2032, growing at a CAGR of 4.16 % in the forecast period (2024-2032).
The wound dressing market is the industry involved with the production, distribution, and sale of products to cover and protect wounds to help in healing and infection prevention. It is used in the medical setting, home care, or both, and helps in several sorts of wounds, including those from surgery, burns, ulcers, and traumatic injuries.
The growing trend of various kinds of wounds such as pressure ulcers and surgical site wounds coupled with the demographic bulge due to the geriatric population along with an increased incidence of traumatic accidents worldwide is anticipated to drive market growth. In the report of the WHO June 2022, around 1.3 million people died yearly due to road accidents. All these are going to push up the market during the estimated time period.
The global incidence of chronic wounds, including venous leg ulcers and diabetic foot ulcers, is increasing. For example, a January 2023 report from NCBI showed that nearly 6.5 million people in the United States are struggling with different types of chronic wounds. Moreover, the increasing number of diabetics will be one of the most critical factors driving the growth of the market. For example, according to CDC, as of October 2022, about 38.4 million people in the U.S. have been diagnosed with diabetes, which is about 11.6% of the entire U.S. population. Further, diabeticfootonline.com in 2021 reported that 34% of those with diabetes are at risk of developing diabetic foot ulcers. Consequently, as these factors have shown an increased requirement for wound dressing, growth is expected to increase in this market.
As most of the old people tend to suffer from wounds, this group is further augmented by increasing elderly population in any country, hence creating a need in the market. For example, the European Parliament says that Japan is the fastest-aging country in the world with a population of about 28.7% older than 65 years and above. Additionally, the same source says that it is projected to reach one-third of the Japanese aged 65 years and above in 2036. Besides this, according to NCBI, the aging process may also affect wound healing; hence the requirement for wound dressing in the geriatric population would facilitate wound healing and, therefore help push the demand in the market.
The rise in the prevalence of global traumatic injuries For example, according to statistics published by WHO in June 2022, about 1.3 million people die from road crashes every year, and another 20 to 50 million suffer non-fatal injuries. As mentioned earlier, according to the Economic Times, road accidents in the country totalled 554,796 in the year 2020. These are very often accompanied by extensive blood loss and different forms of injuries, which obviously require immediate medical treatment and sometimes surgery to immediately alleviate the injury. With the growing trend of accidents, the demand for wound dressing products is likely to increase, resulting in significant growth in the market over the forecast period.
The outbreak of the COVID-19 pandemic was going to reduce the utilization of advanced wound dressing because they require healthcare advice and, thereby, restrict the growth of the market. However, post-pandemic, the market is expected to grow at a significant growth rate over the forecast period. This can be due to partnership, research and development, geographic expansion, and launch of technologically advanced products by key market players. For example, in September 2021, Coloplast Corp. inaugurated a factory in Central America, which was aimed at supporting the global growth of the company. Like this, in October 2021, Medline Industries declared an investment of USD 77.5 million to develop a new distribution centre in Kansas. For these reasons mentioned above, the market is likely to rise over the post-pandemic period.
The market scope is segmented because of by Product Type, by Wound Type, by End-User, by Material, by Region.
Based on the Product Type of the market is segmented into Traditional Dressings, Advanced Dressings, Biological Dressings, Specialty Dressings.
Advanced dressings are the market leaders in the wound dressing market due to their higher effectiveness, such as faster healing, infection prevention, and comfort. The advanced dressings include hydrocolloids, hydrogels, foam dressings, and antimicrobial dressings, which create a moist wound environment that accelerates healing and reduces the risk of infection. Hydrocolloid dressings are very popular in chronic wound care especially in diabetic foot ulcers that can be used because it forms a hydrophobic layer, absorbs exudates without the accumulation of more exudates, and also reduces the number of times one has to replace dressings. The most basic traditional type of dressing involves gauze and bandages. Cost-effective and common, they have become the traditional standard for use on minor cuts and abrasions; however, their bulk and constant changing make them inconvenient for use in complex and chronic wounds. Biologic dressings, which include collagen and honey, boost tissue regeneration, thus hastening the healing process of the wound. These types of dressings are highly valued for the management of severe burns, chronic ulcers, and deep wounds. Specialty dressings are applied only depending on the type of wound being treated, such as pressure ulcers or surgical wounds. Advanced or biological components in the dressing are designed to aid the particular need in such a wound to prevent complications and improve patient outcomes.
Based on the Wound Type of the market is segmented into Chronic Wounds, Acute Wounds, Burns.
Chronic wounds are highly common in wound dressing, which need prolonged care and other specialized treatments for such complications as infections and delayed healing. Such wounds typically include diabetic foot ulcers, venous ulcers, and pressure ulcers, which result from underlying conditions that interfere with the body's natural healing capabilities. For example, diabetic foot ulcers are extremely common in diabetics because of poor circulation and nerve damage; they can be treated with advanced wound care products such as hydrocolloid dressings or foam dressings that maintain moisture balance and prevent infection. Acute wounds are typically produced by trauma, surgery, or injury and have a relatively good prognosis with appropriate care. Common examples include surgical wounds and traumatic cuts. Typical dressings, such as gauze or bandages, are used for the treatment of acute wounds that control bleeding and provide basic protection from external contaminants while the wound heals.
Burns are a form of wound in a category unto themselves: the burn can range from a simple, superficial lesion to more complex third-degree burns reaching down into the deeper levels of the skin. In extreme cases, treatment can be performed with collagen-based or bioengineered skin dressings, intended to accelerate faster healing through regeneration of tissues, therefore preventing infections in the burn area. All of these types call for different treatments that would help it improve to its fullest extent.
North America is one of the most significant markets globally with its developed health care infrastructure, high health care expenditure, and the aging population. The U.S. has a well-established market for advanced wound care products, especially in chronic wounds such as diabetic foot ulcers and pressure ulcers. This increased in the number of surgical procedures is also accompanied with an increased sensitivity and concern towards infection. Advanced and specialty dressings therefore, are experiencing a growing need in this market. Technological advancements and leading manufacturers also lead to further impetus in growth for this market. Europe market is also showing close follow up with similar drivers such as the aging population and rising incidence of chronic diseases. European markets have strong health care policy and regulation in favour of advanced wound care solutions. Germany, U.K., and France are leaders in this space where demand for specialized wound care products is picking up to address complex wounds with rapid healing.
The Asia-Pacific region is showing the highest growth rate in the wound dressing market, because of better healthcare infrastructure, higher disposable incomes, and a rapidly growing population. The rising incidence of chronic diseases, including diabetes, has urged the need for advanced wound care products in the countries of China, India, and Japan. Expanding healthcare awareness along with the number of diabetic and elderly populations, especially in emerging economies, also contributes to the expansion of the market.
Latin America and Middle East & Africa markets grow steadily with crucial improvements in health care systems, as well as more access to superior wound care products in urban locations. In the rural locations, the market suffers due to insufficient access to medical care and low economic power as opposed to greater adoption of superior wound dressings. Still, the need for better solutions in wound care continues to advance with improvements in healthcare access.
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Study Period | 2024-32 |
Base Year | 2023 |
Estimated Forecast Year | 2024-32 |
Growth Rate | CAGR of 4.16% from 2024 to 2032 |
Segmentation | By Product Type, By Wound Type, By End-User , By Material, By Region |
Unit | USD Billion |
By Product Type |
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By Wound Type |
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By End-User |
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By Material |
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By Region |
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North America accounted for the highest xx% market share in terms of revenue in the Wound Dressing market and is expected to expand at a CAGR of xx% during the forecast period. This growth can be attributed to the growing adoption of Wound Dressing. The market in APAC is expected to witness significant growth and is expected to register a CAGR of xx% over upcoming years, because of the presence of key Wound Dressing companies in economies such as Japan and China.
The objective of the report is to present comprehensive analysis of Global Wound Dressing Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.
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20 Apr 2023
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