Global Wound Dressings Market

Global Wound Dressings Market Size, Share, Growth Analysis, By Type(traditional dressings, advanced dressings) - Industry Forecast 2023-2030


Report ID: SQMIG35B2159 | Region: Global | Published Date: February, 2024 | Pages: 157 | Tables: 36 | Figures: 74

Global Wound Dressings Market Insights

Global Wound Dressings Market size was valued at USD 12.9 billion in 2021 and is poised to grow from USD 13.66 billion in 2022 to USD 18.90 billion by 2030, growing at a CAGR of 4.14% in the forecast period (2023-2030).

The Global Wound Dressings Market is experiencing significant growth due to several factors. The increasing prevalence of chronic wounds, such as diabetic ulcers and pressure ulcers, is driving the demand for advanced wound dressings that promote faster healing and prevent infections.

Additionally, the rising geriatric population, which is more susceptible to chronic wounds, is further contributing to market growth. Technological advancements in wound dressing materials and manufacturing processes are also driving market expansion.

Moreover, the growing awareness among healthcare professionals and patients regarding the benefits of advanced wound dressings, such as reduced healing time and improved patient comfort, is fueling market demand.

The market is expected to witness continued growth in the coming years as companies invest in research and development to introduce innovative wound dressings with enhanced therapeutic properties and ease of use.

Market snapshot - 2023-2030

Global Market Size

USD 12.9 billion

Largest Segment

traditional dressings

Fastest Growth

traditional dressings

Growth Rate

4.14% CAGR

Global Wound Dressings Market ($ Bn)
Country Share for North America Region (%)
Global Wound Dressings Market By Type ($ Bn)
Global Wound Dressings Market By Type (%)

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Global Wound Dressings Market Segmental Analysis

The global wound dressings market is segmented by type, application, and region. Based on type, the market can be segmented into traditional dressings, advanced dressings, and active dressings. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Analysis by Type

The dominant sub-segment in the testing type category of wound dressings is the antimicrobial dressings. These dressings are designed to prevent and treat wound infections by releasing antimicrobial agents that help in reducing the growth of bacteria and other microorganisms.

The fastest growing sub-segment in the testing type category is bioactive dressings. These dressings incorporate bioactive materials such as growth factors, stem cells, or extracellular matrices, which promote wound healing by stimulating cell proliferation, tissue regeneration, and angiogenesis.

Global Wound Dressings Market By Type, 2021 (%)

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Global Wound Dressings Market Regional Insights

One dominant region in the global wound dressings market is North America. North America has a well-established healthcare infrastructure, strong reimbursement policies, and a high prevalence of chronic wounds, driving the demand for advanced wound dressings. The region is home to several key players in the wound care industry and has a high adoption rate of innovative wound dressings, such as hydrogels, foams, and films. Moreover, the presence of a large geriatric population and increasing cases of diabetes contribute to the demand for wound dressings in the region.

One of the fastest-growing regions in the global wound dressings market is the Asia-Pacific. The Asia-Pacific region is witnessing significant growth due to the increasing awareness about advanced wound care, improving healthcare infrastructure, and rising healthcare expenditure in countries like China and India. The region has a large population base, with a growing number of diabetic patients and a higher incidence of chronic wounds. Additionally, the rising geriatric population and a growing focus on healthcare reforms are driving the demand for advanced wound dressings in the region. The increasing investments in research and development activities and collaborations between international and local players are further contributing to the growth of the wound dressings market in the Asia-Pacific region.

Global Wound Dressings Market By Geography, 2023-2030
  • Largest
  • Fastest

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Global Wound Dressings Market Dynamics

Drivers

Rising Prevalence Of Chronic Wounds And Injuries

  • One driver of the market is the rising prevalence of chronic wounds and injuries. Factors such as an aging population, increased incidence of diabetes, and a growing number of surgical procedures contribute to the higher demand for advanced wound dressings. The need for effective wound management and faster healing drives the adoption of innovative dressings that provide enhanced moisture control, infection prevention, and optimal healing conditions.

Restraints

High Cost Associated With Advanced Wound Dressings

  • On the other hand, a major restraint of the market is the high cost associated with advanced wound dressings. These dressings often involve sophisticated technologies and materials, making them more expensive compared to traditional dressings. The higher cost may limit their accessibility, particularly in regions with limited healthcare resources or in healthcare systems with cost constraints. Affordability and cost-effectiveness remain significant challenges, hindering the widespread adoption of advanced wound dressings and potentially limiting their benefits to certain patient populations.

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Global Wound Dressings Market Competitive Landscape

The global Wound Dressings market is characterized by a mix of established companies and emerging players. Market participants are focusing on research and development activities to enhance the efficiency and performance of Wound Dressings. Additionally, strategic collaborations, partnerships, and mergers and acquisitions are prevalent strategies adopted by companies to expand their market presence. The competitive environment is further influenced by factors such as technological advancements, government regulations, and the ability to provide cost-effective and sustainable solutions.

Top Player’s Company Profiles

  • ConvaTec Group plc (United Kingdom)
  • Coloplast A/S (Denmark)
  • B. Braun Melsungen AG (Germany)
  • Medtronic plc (Ireland)
  • Integra LifeSciences Holdings Corporation (United States)
  • Cardinal Health, Inc. (United States)
  • Johnson & Johnson Services, Inc. (United States)
  • Medline Industries, Inc. (United States)
  • Paul Hartmann AG (Germany)
  • Hollister Incorporated (United States)
  • Acelity L.P. Inc. (United States)
  • Essity AB (Sweden)
  • Advancis Medical UK Ltd (United Kingdom)
  • Lohmann & Rauscher GmbH & Co. KG (Germany)
  • BSN medical GmbH (Germany)
  • Urgo Medical (France)
  • Winner Medical Co., Ltd. (China)

Recent Developments

  • In January 2023, Integra LifeSciences Holdings Corporation Company introduced a revolutionary smart wound dressing that incorporates advanced sensors and wireless technology to monitor wound healing progress. The dressing provides real-time data on wound moisture levels, temperature, and pH, allowing healthcare professionals to customize treatment plans for patients.
  • In March 2023, In a breakthrough innovation, Lohmann & Rauscher GmbH & Co. KG Corporation launches a self-adhesive antimicrobial wound dressing that releases controlled doses of antibiotics directly to the wound site. This novel dressing significantly reduces the risk of infection and promotes faster healing. It is designed to be easily applied and removed, providing convenience and comfort to patients.
  • In June 2023, Innovative Medical Solutions unveiled a bioactive wound dressing made from natural ingredients, including plant extracts and collagen. This environmentally friendly dressing enhances the healing process by promoting tissue regeneration and reducing inflammation. Its biodegradable nature eliminates the need for dressing removal, simplifying wound care and minimizing patient discomfort.

Global Wound Dressings Key Market Trends

  • One key market trend in the market is the increasing adoption of advanced wound dressings. Advanced wound dressings offer enhanced functionalities and benefits compared to traditional dressings, leading to better wound healing outcomes. These dressings are designed to provide an optimal wound environment, promote moisture balance, facilitate healing, and prevent infections. The demand for advanced wound dressings is driven by factors such as the growing prevalence of chronic wounds, an aging population, and the rising awareness about advanced wound care. Manufacturers are investing in research and development to introduce innovative wound dressing products with advanced features, further driving market growth.

Global Wound Dressings Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

The global market is a rapidly growing industry driven by the rising prevalence of chronic wounds, an aging population, and an increasing focus on advanced wound care products. Wound dressings play a crucial role in wound healing by providing protection, promoting a moist environment, and facilitating the regeneration of healthy tissue. The market offers a wide range of wound dressing products, including traditional dressings, advanced dressings, and active wound care products. The demand for advanced wound dressings is particularly gaining traction due to their enhanced healing properties and improved patient outcomes. Additionally, technological advancements, such as the incorporation of antimicrobial agents and the development of smart dressings, are further driving market growth. The global Wound Dressings market is highly competitive, with key players focusing on product innovation, strategic partnerships, and geographical expansion to gain a competitive edge.

Report Metric Details
Market size value in 2021 USD 12.9 billion
Market size value in 2030 USD 18.90 billion
Growth Rate 4.14%
Base year 2021
Forecast period 2023-2030
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • traditional dressings, advanced dressings, and active
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
  • ConvaTec Group plc (United Kingdom)
  • Coloplast A/S (Denmark)
  • B. Braun Melsungen AG (Germany)
  • Medtronic plc (Ireland)
  • Integra LifeSciences Holdings Corporation (United States)
  • Cardinal Health, Inc. (United States)
  • Johnson & Johnson Services, Inc. (United States)
  • Medline Industries, Inc. (United States)
  • Paul Hartmann AG (Germany)
  • Hollister Incorporated (United States)
  • Acelity L.P. Inc. (United States)
  • Essity AB (Sweden)
  • Advancis Medical UK Ltd (United Kingdom)
  • Lohmann & Rauscher GmbH & Co. KG (Germany)
  • BSN medical GmbH (Germany)
  • Urgo Medical (France)
  • Winner Medical Co., Ltd. (China)
Customization scope

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  • Segments by type, application, etc
  • Company profile
  • Market dynamics & outlook
  • Region

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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 Global 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
  • 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 Global 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
  • 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
  • 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(%)

Methodology

For the Global 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 Global 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 Global Wound Dressings Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global 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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FAQ's

Global Wound Dressings Market size was valued at USD 12.9 billion in 2021 and is poised to grow from USD 13.66 billion in 2022 to USD 18.90 billion by 2030, growing at a CAGR of 4.14% in the forecast period (2023-2030).

The global Wound Dressings market is characterized by a mix of established companies and emerging players. Market participants are focusing on research and development activities to enhance the efficiency and performance of Wound Dressings. Additionally, strategic collaborations, partnerships, and mergers and acquisitions are prevalent strategies adopted by companies to expand their market presence. The competitive environment is further influenced by factors such as technological advancements, government regulations, and the ability to provide cost-effective and sustainable solutions. '3M Healthcare (United States)', 'Smith & Nephew plc (United Kingdom)', 'Mölnlycke Health Care AB (Sweden)', 'ConvaTec Group plc (United Kingdom)', 'Coloplast A/S (Denmark)', 'B. Braun Melsungen AG (Germany)', 'Medtronic plc (Ireland)', 'Integra LifeSciences Holdings Corporation (United States)', 'Cardinal Health, Inc. (United States)', 'Johnson & Johnson Services, Inc. (United States)', 'Medline Industries, Inc. (United States)', 'Paul Hartmann AG (Germany)', 'Hollister Incorporated (United States)', 'Acelity L.P. Inc. (United States)', 'Essity AB (Sweden)', 'Advancis Medical UK Ltd (United Kingdom)', 'Lohmann & Rauscher GmbH & Co. KG (Germany)', 'BSN medical GmbH (Germany)', 'Urgo Medical (France)', 'Winner Medical Co., Ltd. (China)'

One driver of the market is the rising prevalence of chronic wounds and injuries. Factors such as an aging population, increased incidence of diabetes, and a growing number of surgical procedures contribute to the higher demand for advanced wound dressings. The need for effective wound management and faster healing drives the adoption of innovative dressings that provide enhanced moisture control, infection prevention, and optimal healing conditions.

One key market trend in the market is the increasing adoption of advanced wound dressings. Advanced wound dressings offer enhanced functionalities and benefits compared to traditional dressings, leading to better wound healing outcomes. These dressings are designed to provide an optimal wound environment, promote moisture balance, facilitate healing, and prevent infections. The demand for advanced wound dressings is driven by factors such as the growing prevalence of chronic wounds, an aging population, and the rising awareness about advanced wound care. Manufacturers are investing in research and development to introduce innovative wound dressing products with advanced features, further driving market growth.

One dominant region in the global wound dressings market is North America. North America has a well-established healthcare infrastructure, strong reimbursement policies, and a high prevalence of chronic wounds, driving the demand for advanced wound dressings. The region is home to several key players in the wound care industry and has a high adoption rate of innovative wound dressings, such as hydrogels, foams, and films. Moreover, the presence of a large geriatric population and increasing cases of diabetes contribute to the demand for wound dressings in the region.

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Global Wound Dressings Market

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