Advanced Wound Dressing Products Industry Expected to Grow at CAGR of 4.46% From 2022 To 2030

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The global advanced wound dressing products industry size was estimated at USD 7.442.0 million in 2022. The market is expected to expand at a CAGR of 4.46% CAGR (2023-2030).

Advanced Wound Dressing Products Industry Data Book Covers Foam Dressings, Hydrocolloid Dressings, Film Dressings, Alginate Dressings, Hydrogel Dressings and Collagen Dressings Markets.

The globaladvanced wound dressing products industrysize was estimated at USD 7.442.0 million in 2022. The market is expected to expand at a CAGR of 4.46% CAGR (2023-2030).

Grand View Researchs advanced wound dressing products industry databook is a collection of market sizing information forecasts, regulatory data, reimbursement structure, competitive benchmarking analyses, macro-environmental analyses, and regulatory technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.

Foam Dressing MarketInsights

The global foam dressing market size was valued at USD 1.67 billion in 2021 and is projected to expand at a compound annual growth rate (CAGR) of 4.7% from 2022 to 2030.

The adhesive foam dressing segment dominated the market for foam dressing and accounted for the largest revenue share of 56.5% in 2021. The segment is expected to register the highest CAGR during the forecast period. The dominance can be attributed to various advantages an adhesive foam dressing provides, for high exudate wounds. For instance, according to an evaluation by woundsinternationa.com, clinician satisfaction with the absorbency by the exudate level for the adhesive foam dressing was about 82%, whereas, that for non-adhesive foam dressing was about 72%.

The chronic wounds segment dominated the market for foam dressing and accounted for a revenue share of 59.9% in 2021. The segment is projected to witness a considerable growth rate over the forecast period. The rise in the number of geriatric population, and the increasing prevalence of venous leg ulcers, diabetic foot ulcers, pressure ulcers, and other chronic wounds are expected to drive the segment growth.

In 2021, the hospital segment dominated the market for foam dressing and accounted for the largest revenue share of 45.3% 2021. The increase in surgical operations due to sedentary lifestyles throughout the world and the rise in bariatric treatments, which call for the usage of foam dressing products to prevent surgical site infections, can be contributed to this market segment's growth.

Hydrocolloid Dressing Market Insights

The global hydrocolloid dressing market size was valued at USD 1.31 billion in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 4.99% from 2022 to 2030.

The acute wounds segment is expected to grow at the fastest CAGR of 5.11% during the forecast period. The surgical traumatic wounds segment held the largest share in 2021. The rising number of SSIs is one of the major driving factors for segment growth.

The hospitals segment held the largest share of more than45.00% of the global revenue in 2021due to a growing patient flow in hospitals suffering from chronic and acute wounds. For instance, as per a research article published by Smith Nephew, in a typical hospital setting, between 25% and 40% of beds are occupied by patients with wounds.

Access the Global Advanced Wound Dressing Products Industry Data Book, 2022 to 2030, compiled with details like market sizing information forecasts, trade data, pricing intelligence, competition benchmarking, macro-environmental analyses, and regulatory technological framework studies

Film Dressing Market Insights

The global film dressing market size was valued at USD 1,454.34 million in 2021 and is projected to expand at a compound annual growth rate (CAGR) of 4.54% from 2022 to 2030.

Acute wounds segment is expected to develop at the fastest CAGR of 4.66% during the forecast period. The surgical traumatic wounds segment held the largest share in 2021. One of the primary factors fueling the segment's growth is the rise in surgical site infections.

The hospital segment held the largest share of 45.28% in 2021.The dominance of this segment is mainly due to the rise in the number of hospitals and patients, worldwide. For instance, according to Smith Nephew, in a typical hospital setting, patients with wounds occupy between 25 and 40% of beds. Additionally, an increase in surgical procedures is further fueling the segment growth.

Alginate Dressing Market Insights

The global alginate dressing market size was valued at USD 868.75 million in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 4.10% from 2022 to 2030.

The acute wounds segment is expected to grow at the fastest CAGR of 4.22% during the forecast period. The surgical traumatic wounds segment held the largest share in 2021. A rise in the number of surgical site infections is one of the major driving factors for the segment growth. Surgical wounds majorly occur due to Surgical Site Infections (SSIs).

The non-antimicrobial alginate dressing segment dominated the industry in 2021 and accounted for the largest share of more than 61.65% of the global revenue. The segments dominance can be credited to the availability of products that are being used predominantly. In addition, the majority of the companies are providing low-cost products.

The hospitals end-use segment accounted for the largest share of more than 45.25% in 2021. The dominance of this segment can be attributed to an increase in the patient population and a rise in the number of hospitals worldwide. For instance, as per Smith Nephew, patients with wounds occupy between 25 and 40% of beds in a normal hospital setting.

Hydrogel Dressing Market Insights

The global hydrogel dressing market size was valued at USD 849.23 million in 2021 and is projected to witness a compound annual growth rate (CAGR) of 4.28% from 2022 to 2030.

Based on product, the amorphous hydrogel segment is anticipated to capture 50.4% of the total market share in 2021 and is expected to dominate the product segment over the forecast period. Amorphous hydrogel dressing is used to provide moisture to a dry wound and retain a moist healing environment. These dressings are commonly used in minor burns, and necrotic wounds, and to heal tissue damaged due to radiation.

The chronic wounds segment dominated the hydrogel market and accounted for a revenue share of 60.02% in 2021, and is projected to show a considerable growth rate over forecast years. The dominance can be accredited to the rise in the geriatric population, the increase in the number of people suffering from diabetic foot ulcers, and obesity. The surge in the number of people suffering from obesity is expected to impel the number of patients suffering from pressure ulcers and venous leg ulcers.

Advanced Wound Dressing Products Market Global Industry Segmentation

Advanced Wound Dressing Products Industry, By Product

  • Foam Dressings
    1. Adhesive Foam Dressing
    2. Non-adhesive Foam Dressing
  • Hydrocolloid Dressings
  • Film Dressings
  • Alginate Dressings
    1. Antimicrobial
    2. Non-antimicrobial
  • Hydrogel Dressings
    1. Amorphous Hydrogel
    2. Impregnated Hydrogel
    3. Sheet Hydrogel
  • Collagen Dressings
    1. Form
      1. Gel
      2. Pads
      3. Powder
      4. Sheet
      5. Others
    2. Source
      1. Bovine
      2. Equine
      3. Others
    3. Type
      1. Antimicrobial Collagen Dressing
      2. Hydrogel Collagen Dressing
      3. Alginate Collagen Dressing
  • Other Advanced Dressings

Advanced Wound Dressing Products Industry, By Application

  • Chronic Wounds
  • Acute Wounds
  • Diabetic foot ulcers
  • Pressure ulcers
  • Venous leg ulcers
  • Other chronic wounds
  • Surgical traumatic wounds
  • Burns

Advanced Wound Dressing Products Industry, By End-use

  • Hospitals
  • Specialty Clinics
  • Home Healthcare
  • Physicians Office
  • Nursing Homes
  • Others

Advanced Wound Dressing Products Industry, By Mode of Purchase

  • Prescribed
  • Non-prescribed (OTC)

Advanced Wound Dressing Products Industry, By Distribution Channel

  • Institutional Sales
  • Retail Sales

Order your copy of the Free Sampleof Advanced Wound Dressing Products Industry Data Book - Foam Dressings, Hydrocolloid Dressings, Film Dressings, Alginate Dressings, Hydrogel Dressings and Collagen Dressings Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030 Data Book, published by Grand View Research

Advanced Wound Dressing Products Industry Data Book Regional Outlook

  • North America
  1. U.S.
  2. Canada
  • Europe
  1. UK
  2. Germany
  3. France
  4. Italy
  5. Spain
  6. Sweden
  7. Denmark
  8. Norway
  9. Rest of Europe
  • Asia Pacific
  1. China
  2. Japan
  3. India
  4. South Korea
  5. Singapore
  6. Australia
  7. Thailand
  8. Rest of APAC
  • Latin America
  1. Brazil
  2. Mexico
  3. Argentina
  4. Colombia
  5. Rest of Latin America
  • Middle East Africa (MEA)
  1. South Africa
  2. United Arab Emirates
  3. Saudi Arabia
  4. Kuwait
  5. Rest of MEA

Advanced Wound Dressing Products Industry Data Book Competitive Landscape

The market is highly fragmented in nature with the presence of several small and large manufacturers. Competitive rivalry and degree of competition in the wound market is expected to intensify over the forecast period due to the presence of many players in the market.

Key players operating in the advanced wound dressing products industry are

  • Smith Nephew
  • Molnlycke Health Care AB
  • Baxter International
  • URGO Medical
  • Medtronic
  • 3M
  • Derma Sciences Inc. (Integra LifeSciences)

Go through thetable of content of Advanced Wound Dressing Products Industry Data Bookto get a better understanding of the Coverage Scope of the study

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