USD 4.31 billion
Moist Wound Dressings Market Size, Share, Growth Analysis, By Product(Foams, Hydrocolloids), By Application(Pressure Ulcers, Diabetic Ulcers), By End-user(Hospitals, Homecare) - Industry Forecast 2024-2031
Report ID:
SQMIG35D2162 |
Region:
Global |
Published Date: March, 2024
Pages:
219
|
Tables:
97 |
Figures:
78
Moist Wound Dressings Market Insights
Global Moist Wound Dressings market size was valued at USD 4.31 billion in 2022 and is poised to grow from USD 4.53 billion in 2023 to USD 6.80 billion by 2031, growing at a CAGR of 5.2% in the forecast period (2024-2031).
The global moist wound dressings market exhibits a robust and upward trajectory driven by a growing emphasis on advanced wound care and the increasing prevalence of chronic wounds, such as diabetic ulcers and pressure sores.
Healthcare professionals are increasingly adopting moist wound dressings due to their ability to create an optimal healing environment, prevent infections, and facilitate faster wound healing. These dressings offer advantages such as improved moisture retention, reduced pain, and enhanced patient comfort.
Additionally, ongoing research and development efforts are focused on enhancing the efficacy of moist wound dressings through innovative materials and technologies.
As the aging population expands and healthcare infrastructure improves worldwide, the demand for effective wound management solutions is expected to fuel the market's growth in the coming years.
US Moist Wound Dressings Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Hospitals
Fastest Growth
Hospitals
Growth Rate
5.2% CAGR
Global Moist Wound Dressings market ($ Bn)
Country Share for NORTH AMERICA Region (%)
Global Moist Wound Dressings market by End-user ($ Bn)
Global Moist Wound Dressings market by End-user (%)
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Moist Wound Dressings Market Segmental Analysis
The global moist wound dressings market is segmented into four i.e. Product, Application, End user, and region. Based on Product, the market is segmented as, Foam Dressings, Hydrocolloid Dressings, Film Dressings, Alginate Dressings, Hydrogel Dressings, Other Dressings. Based on Application, the market is bifurcated as Diabetic Foot Ulcers, Pressure Ulcers, Venous Leg Ulcers, Surgical and Traumatic Wounds, Burns, Others. On the basis of End user the market is segmented as, Hospitals, Clinics, Home Healthcare. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Moist Wound Dressings Market Analysis by Product
Among the various product types in the global moist wound dressings market, Foam dressings emerge as the largest and dominating segment. This dominance is primarily due to their versatility and effectiveness in managing a wide range of wound types, including chronic wounds and exuding wounds. Foam dressings are highly absorbent, provide excellent moisture control, and create an optimal healing environment. Their ability to conform to wound contours and offer cushioning benefits for patient comfort makes them a preferred choice for healthcare professionals..
Furthermore, Hydrogel Dressings appear to be the fastest-growing segment. Hydrogel dressings are gaining popularity due to their exceptional moisture retention properties, which create an optimal environment for wound healing. They are highly effective in managing wounds with moderate to heavy exudate and are particularly favored for their ability to soothe and cool wounds, providing relief to patients. Additionally, hydrogel dressings can be applied to a wide range of wound types, including burns, diabetic ulcers, and pressure sores, making them versatile and widely applicable.
Moist Wound Dressings Market Analysis by End user
Hospitals represent the largest and dominating segment among all in the global moist wound dressings market. This is primarily due to several key factors. Firstly, hospitals generally treat a wide range of patients with varying wound types, from surgical wounds to chronic ulcers, making moist wound dressings a versatile and frequently used solution. Moreover, hospitals have the infrastructure and resources to handle complex wound care cases and often set the standard for advanced wound management practices.
However, the fastest-growing segment is Home care. This growth can be attributed to several factors. Firstly, there is a rising trend towards home-based wound care management, driven by the increasing preference for cost-effective healthcare solutions and the growing aging population who may prefer to receive care in the comfort of their homes. Moreover, advancements in moist wound dressing products have made them more user-friendly, enabling patients or their caregivers to easily apply and change dressings as needed.
Global Moist Wound Dressings market by End-user , 2022 (%)
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Moist Wound Dressings Market Regional Insights
North America stands out as the largest and dominating market for moist wound dressings. This is attributed to the region's advanced healthcare infrastructure, high adoption of advanced wound care technologies, and well-established reimbursement systems. The presence of a large geriatric population, along with a higher prevalence of chronic wounds and diabetes-related complications, further fuels the demand for moist wound dressings. Additionally, extensive research and development activities in North America drive innovation in wound care products.
However, Asia Pacific stands out as the fastest-growing market for moist wound dressings globally. This growth is attributed to several key factors. First, the Asia Pacific region has witnessed a substantial increase in the aging population and a rising prevalence of chronic diseases, such as diabetes, which often leads to chronic wounds. Second, improving healthcare infrastructure and a growing awareness of advanced wound care solutions are driving the adoption of moist wound dressings in the region. Additionally, the Asia Pacific region hosts a burgeoning medical tourism industry, contributing to the demand for high-quality wound care products.
Global Moist Wound Dressings market by Geography , 2024-2031
- Largest
- Fastest
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Moist Wound Dressings Market Dynamics
Moist Wound Dressings Market Drivers
Advanced Wound Care Advancements
- A major key driver in the global moist wound dressings market is the continuous advancement in wound care technologies and materials. Innovations in dressing materials, such as hydrocolloids, hydrogels, and foam dressings, have led to more effective and versatile products that promote optimal wound healing environments. Additionally, the integration of antimicrobial agents and the development of smart dressings capable of monitoring wound conditions are enhancing the therapeutic capabilities of moist wound dressings. These innovations are increasing their adoption by healthcare professionals and patients, thereby driving market growth.
Moist Wound Dressings Market Restraints
Regulatory Hurdles
- One major key restraint in the global moist wound dressings market is the stringent regulatory environment governing medical devices and healthcare products. Compliance with various regulatory requirements and obtaining necessary approvals can be a time-consuming and costly process for manufacturers. Additionally, evolving regulations and varying standards across different regions can pose challenges for market expansion and product development. Navigating these regulatory hurdles can impede the pace of innovation and market entry for moist wound dressing products.
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Moist Wound Dressings Market Competitive Landscape
The competitive landscape of the global moist wound dressings market is characterized by a dynamic interplay of established medical device companies, innovative start-ups, and research-focused organizations. Market players are actively engaged in research and development to introduce advanced materials and technologies, aiming to enhance the efficacy and comfort of moist wound dressings.
Strategic collaborations, partnerships, and mergers and acquisitions are common strategies to expand product portfolios and geographic reach. Brand reputation, product differentiation, and a strong distribution network play pivotal roles in gaining a competitive edge.
With the growing emphasis on patient outcomes and cost-effective wound management solutions, companies are striving to offer tailored products catering to specific wound types and patient needs.
As the market continues to evolve, competition is expected to intensify, driving innovation, and benefiting healthcare professionals and patients alike.
Moist Wound Dressings Market Top Player’s Company Profiles
- Medline Industries, Inc. (US)
- B. Braun Melsungen AG (Germany)
- Smith & Nephew PLC (UK)
- ConvaTec Group PLC (UK)
- Derma Sciences, Inc. (US)
- Systagenix Wound Management Ltd (UK)
- Mölnlycke Health Care AB (Sweden)
- Johnson & Johnson (US)
- Hollister Incorporated (US)
- Ethicon, Inc. (US)
- Acelity L.P. Inc. (US)
- Advancis Medical (UK)
- Coloplast Corporation (US)
- Medtronic plc (Ireland)
- Mölnlycke Health Care (US)
- Urgo Medical (France)
- Medline Industries Ltd. (UK)
Moist Wound Dressings Market
- In May 2023, Kane Biotech Inc. (referred to as Kane Biotech) announced that it had gotten 510(k) freedom from the U.S. Food and Drug Administration (FDA) for its coactiv+™ Antimicrobial Injury Gel. This clearance covers the management of ulcers (counting diabetic foot and leg ulcers and pressure ulcers), first and severe-degree burns, fractional and full-thickness wounds, enormous surface region wounds, and careful entry points for grown-up populaces.
- In November 2023, Kane Biotech Inc., in collaboration with ProgenaCare Global LLP, disclosed the rebranded revyve™ Antimicrobial Injury Gel (previously known as coactiv+™ Antimicrobial Injury Gel).
Moist Wound Dressings Key Market Trends
- Growing Emphasis on Bioactive Ingredients: A prominent trend in the global moist wound dressings market is the increasing emphasis on incorporating bioactive ingredients into these dressings. Manufacturers are exploring the integration of substances like silver, honey, and growth factors to enhance the dressings' therapeutic properties. These bioactive additives have potential to accelerate wound healing, reduce infection rates, and improve overall patient outcomes. As healthcare providers and patients seek more effective and holistic wound care solutions, moist dressings with bioactive elements are gaining traction, marking a significant shift towards advanced and customized wound management strategies.
Moist Wound Dressings Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to global sports tourism market analysis, the global moist wound dressings market is experiencing notable growth driven by several factors. A growing aging population, coupled with an increased incidence of chronic wounds like diabetic ulcers and pressure sores, is propelling the demand for advanced wound care solutions.
Moist wound dressings, known for their ability to create an optimal healing environment, are becoming preferred choices for healthcare professionals. These dressings offer advantages such as improved moisture retention, reduced pain, and enhanced patient comfort. Moreover, the market is witnessing continuous innovation, with manufacturers focusing on developing novel materials and technologies to further enhance the efficacy of moist wound dressings.
This market trend aligns with the broader healthcare industry's commitment to improving patient outcomes and promoting cost-effective wound management practices. As healthcare infrastructure continues to evolve globally, the moist wound dressings market is expected to thrive in the foreseeable future.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 4.31 billion |
| Market size value in 2031 | USD 6.80 billion |
| Growth Rate | 5.2% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
Moist Wound Dressings Market
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Moist Wound Dressings Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Moist Wound Dressings Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Moist Wound Dressings Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Moist Wound Dressings Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Moist Wound Dressings Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Moist Wound Dressings Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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