Wound Dressing Market Projected to Discern Stable Expansion by 2030

 Wound Dressing  Market Growth & Trends

The global wound dressing market size is expected to reach USD 19.6 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.3% from 2022 to 2030. Increasing number of people suffering from chronic wounds, rise in technologically advanced dressing and rising cases of traumatic accidents are expected to be the key driving factors for the market.

There has been increase in number of people suffering from chronic disorders such as diabetes, as a result, the number of people suffering from diabetic foot ulcers are increasing. For instance, as per International Diabetes Federation, an estimated population of 61 million people aged between 20-79 years living in Europe were suffering from diabetes. Similarly, according to NCBI, the incidence rate of diabetes foot ulcers globally is between 9.1 million to 26.1 million annually. Thus, the rise in diabetes and diabetic foot ulcer patients is increasing the demand for wound dressing products, thereby impelling the market over the forecast period.

Moreover, there has been global increase in number of traumatic accidents such as burns, gunshots and road accidents. For instance, according to stats by WHO, approximately 11 million burn cases occur worldwide, which leads to 180,000 deaths globally, Similarly, as per NCBI, every day, more than 30,000 burn cases are registered globally. Therefore, the rising global number of burn cases is anticipated to impel market growth over the forecast period.

The outbreak of COVID-19 resulted in nationwide lockdown worldwide, as a result the growth of market was restricted to a certain extent. However, the market is projected to witness a significant growth rate during the post-pandemic period. This can be attributed to various strategies such as product launches, partnerships, and geographic expansion used by leading market players. For instance, in December 2020, Molnlycke Health Care AB, launched a new distribution in the U.K. It was a strategic move, strengthening their supply chain to increase the product reach in the U.K. population. Thus, as a result of aforementioned factors, the market is expected to have a significant growth during the post-pandemic period, thereby, propelling the market.

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Wound Dressing Market Report Highlights

• On the basis of product, the advanced dressing segment dominated the market and accounted for a revenue share of 55.1% in 2021, and is projected to witness fastest growth rate over the forecast period. This can be attributed to rising cases of traumatic accidents globally
• Based on application, the chronic wounds segment dominated the market and is anticipated to witness fastest CAGR of 5.6% over the forecast period
• The hospitals segment, dominated the market and accounted for revenue share of 45.1% in 2021. Whereas, the home healthcare segment is expected to witness the fastest growth rate of 5.9% over the forecast period. The growth rate can be attributed to rise in awareness among the public
• North America dominated the market and accounted for revenue share of 45.4% in 2021, however, Asia-Pacific region is projected to witness the fastest growth rate over the forecast period. This can be attributed to the rising geriatric population and increase in number of people suffering from diabetes

Access Press Release@ https://www.grandviewresearch.com/press-release/global-wound-dressings-market

Wound Dressing Market Segmentation

Grand View Research has segmented the global wound dressing market on the basis of product, application, end-use, region:

Wound Dressing Product Outlook (Revenue, USD Million, 2018 - 2030)

• Traditional Dressing
  • Gauze
  • Tape
  • Bandages
  • Cotton
• Advanced Dressing
  • Moist Dressing
    • Foam Dressing
    • Hydrocolloid Dressing
    • Film Dressing
    • Alginate Dressing
    • Hydrogel Dressing
    • Collagen Dressing
    • Other Advanced Dressing
  • Antimicrobial Dressing
    • Silver Dressing
    • Non-silver Dressing
  • Active Dressing
    • Biomaterials
    • Skin-substitute

Wound Dressing Application Outlook (Revenue, USD Million, 2018 - 2030)

• Chronic Wounds
  • Diabetic Foot Ulcers
  • Pressure Ulcers
  • Venous Leg Ulcers
  • Other Chronic Wounds
• Acute Wounds
  • Surgical & Traumatic Wounds
  • Burns

Wound Dressing End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals
• Specialty Clinics
• Home Healthcare
• Others

Wound Dressing Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • South Korea
• Latin America
  • Brazil
  • Mexico
  • Colombia
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

List of Key Players in Wound Dressing Market

• 3M
• Coloplast Corp.
• Medline Industries
• Smith & Nephew
• Medtronic
• ConvaTec Group PLC
• Derma Sciences (Integra LifeSciences)
• Ethicon (Johnson & Johnson)
• Baxter International
• Molnlycke Health Care AB

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.