Global Wound Dressings
Market Report
2024
The Wound Dressing Market size was USD 7.74 billion in 2022 and is expected to grow to USD 11.87 billion by 2030, at a CAGR of approximately 7.5% during the forecast period.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The Wound Dressing Market size was USD 7.74 billion in 2022 and is expected to grow to USD 11.87 billion by 2030, at a CAGR of approximately 7.5% during the forecast period.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Wound Dressings Market Sales Revenue 2022 | $ 7.74 Billion |
Global Wound Dressings Market Sales Revenue 2030 | $ 11.87 Billion |
Global Wound Dressings Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 7.5% |
Market Split by Type |
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Market Split by End-User |
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Market Split by Wound Type |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Wound Dressings Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Wound dressing is a process that provides the most optimum conditions for wound healing by protecting the wound from infection with microorganisms and further trauma. A dressing is designed to be in direct contact with the wound, as distinguished from a bandage, which is most often used to hold a dressing in its place. A dressing can be used for various purposes such as stopping bleeding, easing pain, debriding the wound, absorbing exudate, etc, which is depending on the type, severity, and position of the wound. Although, all purposes are focused on promoting recovery and protecting from further harm. Wound dressings are classified as primary dressings or secondary dressings. The function and selection of the primary dressing are based on the wound characteristics (e.g., tissue type, healing phase, bacterial count). The secondary dressing is required to absorb leakage or to secure a primary dressing. Dressings are usually secured with adhesive tape and/or a bandage. The physical features of a dressing can impact the efficacy of topical medications. Modern dressings almost all come in pre-packaged sterile wrapping, with the date given to ensure sterility (sterility is essential to prevent infection from pathogens resident within the dressing). The rising prevalence of chronic diseases, increasing demand for home healthcare services, technological advancement in wound dressings, etc. are the factors responsible for the rise in the wound healing market. The North American region is currently holding the major share of the market and is expected to dominate in the forecast period.
The rising prevalence of diseases is a factor expected to fuel the growth of the global market
The growth of the wound dressing market is majorly driven by the rising prevalence of diseases. The growing incidence rates of chronic & acute diseases and injuries such as diabetic foot ulcers, and venous leg ulcers, pressure ulcers, etc. are expected to uplift the market. Also, the rising geriatric population is responsible for the increasing demand for wound dressings, as the elderly populations need extensive care as they are susceptible to illness due to low immunity and high recovery time. Also, the old peoples are more sensitive to diseases such as cancer, diabetes, cardiovascular diseases, etc., which leads to an increase in the surgeries that required dressings. Furthermore, the rising number of cesarean sections in elderly women is expected to drive market growth.
Increased spending on surgical and chronic wounds, technological advancement in wound dressings, and a growing number of road accidents is expected to uplift the market in the forecast period. Growing investment in healthcare facilities with rising collaborations and partnerships among the key players for the development of new and innovative technologies is expected to uplift the wound dressing market.
Wound Dressing Market: Restraints
Factors such as high costs associated with research and development, limited infrastructural facilities, uneven distribution of medical services, and a lack of awareness in backward economies about advanced wound dressing products are expected to hamper the market growth. Furthermore, the lack of favorable reimbursement scenarios and involvement of technology penetration, the increasing cost of advanced wound dressings, and limited insurance coverage are the other factors restricting the market growth.
Impact of Covid-19:
Outbreak of the covid-19 has negatively impacted the wound healing market. The market is witnessing a reduction in the demand for wound dressings due to the lockdown restrictions and decreased hospital & clinical visits. Import-export restrictions, delays in the availability of raw materials, and travel restrictions led to supply chain disruptions in the wound dressings industry. All these factors negatively affected the wound dressings market growth during the pandemic.
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Convatec Group Plc, a leading global medical technology company, announced on January 14th, 2020 the release of ConvaMax (the new superabsorber dressing distributed by Convatec). The superabsorber wound dressing is used for the management of highly exuding wounds, including leg ulcers, pressure ulcers, diabetic foot ulcers, and open surgical wounds.
ConvaMax superabsorber manages excess moisture to help protect skin integrity. It is available in non-adhesive and silicone adhesive forms, providing complete flexibility.
The new Mepilex Border Flex dressing was specifically engineered to support fewer dressing changes, reducing dressing costs and waste, while creating an optimal healing environment.
Top Companies Market Share in Wound Dressings Industry: (In no particular order of Rank)
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The North American region is holding the major share of the wound dressing market.
The wound dressing market in North America is growing due to the rapid rise in the geriatric population, the number of road accidents, and burn cases. The North American market is growing due to robust healthcare infrastructure and the introduction of various technologies for Wound care management.
The rising healthcare expenditure with the rising prevalence of chronic diseases in the North American region is expected to uplift the market growth in this region.
The current report Scope analyzes Wound Dressings Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Wound Dressings Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Wound Dressings Industry growth. Wound Dressings market has been segmented with the help of its Type, End-User Wound Type , and others. Wound Dressings market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
By type, the market is divided into traditional wound dressing and advanced wound dressings. Advanced wound dressing is expected to hold the major share of the market by type because of the increasing incidences of diabetic foot ulcers, venous leg ulcers, and pressure ulcers.
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By end-user, the market is divided into hospitals, outpatient facilities, home healthcare, and research & healthcare. The hospital segment is accounted for a major share of the market due to the increasing need for better wound management products for treating complex wounds.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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By wound type, the market is divided into surgical & traumatic wounds, burns, diabetic foot ulcers, pressure ulcers, and venous ulcers. Surgical & traumatic wounds are holding a major share of the market which is attributed to the growing number of surgical procedures and the increasing prevalence of chronic conditions.
Research Associate at Cognitive Market Research
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the medical devices & consumables industry. She has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services. Her expertise in Market Research and business intelligence has equipped her with the skills necessary to analyze complex information and provide strategic recommendations.
In her current role, Anushka is a highly motivated and detail-oriented research analyst with a passion for uncovering valuable insights from data. She thrives in dynamic environments where her analytical abilities and research expertise can contribute to informed decision-making for businesses. Her collaborative approach facilitated effective communication of insights, fostering a data-driven culture within the organization.Anushka remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Wound Dressings Market is witnessing significant growth in the near future.
In 2023, the Traditional Wound Dressing segment accounted for noticeable share of global Wound Dressings Market and is projected to experience significant growth in the near future.
The Hospitals segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Acelity L.P, 3M and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | Traditional Wound Dressing, Advanced Wound Dressing |
End-User | Hospitals, Outpatient Facilities, Home Healthcare, Research & Healthcare |
Wound Type | Surgical & Traumatic Wounds, Burns, Diabetic Foot Ulcers, Pressure Ulcers, Venous Ulcers |
List of Competitors | Acelity L.P, Convatec, 3M, SmithNephew, Molnlycke Health Care, Covidien, Hollister, Integra Lifesciences, Derma Sciences, Organogenesis, Coloplast, Alliqua BioMedical, Avita Medical, Cytomedix, CytoTools, Derma Sciences, Essex Bio Technology, Macrocure, MiMedx, Novadaq, Osiris Therapeutics, SANUWAVE Health, Tissue Regenix |
This chapter will help you gain GLOBAL Market Analysis of Wound Dressings. Further deep in this chapter, you will be able to review Global Wound Dressings Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by End-User Analysis 2019 -2031
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Chapter 12 Market Split by Wound Type Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Wound Dressings market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Traditional Wound Dressing have a significant impact on Wound Dressings market? |
What are the key factors affecting the Traditional Wound Dressing and Advanced Wound Dressing of Wound Dressings Market? |
What is the CAGR/Growth Rate of Hospitals during the forecast period? |
By type, which segment accounted for largest share of the global Wound Dressings Market? |
Which region is expected to dominate the global Wound Dressings Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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