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Global Wound Dressings Market – Industry Trends and Forecast to 2029

  • Healthcare
  • Upcoming Report
  • Mar 2022
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

Global Wound Dressings Market – Industry Trends and Forecast to 2029

Market Size in USD Billion

CAGR - 7.6499999999999995% Diagram

Diagram Forecast Period 2021–2029
Diagram Market Size (Base Year) USD 7.53 Billion
Diagram Market Size (Forecast Year) USD 13.59 Billion
Diagram CAGR 7.6499999999999995%

Global Wound Dressings Market, By Product (Advanced Wound Dressings, Traditional Wound Dressings), Type (Anti-microbial, Non Anti-microbial), Wound Type (Surgical Wounds, Burns, Diabetic Foot Ulcers, Pressure Ulcers, Venous Ulcers, Trauma, Chronic Wounds), End User (Hospitals, Clinics, Ambulatory Surgical Centers) – Industry Trends and Forecast to 2029.

Global Wound Dressings Market Analysis and Size

Dressing of a wound, whether acute or chronic is very important. This is because of probability of spread of infection to the surrounding area on the entry of bacteria and other such microorganisms into the bloodstream. Wound dressings can be easily done, and it is the first basic product found in the first aid kit.                                         

  • Data Bridge Market Research analyses that the wound dressings market is expected to undergo a CAGR of 7.65% during the forecast period. This indicates that the market value, which was USD 7.53 billion in 2021, would rocket up to USD 13.59 billion by 2029. “Advanced Wound Dressings” dominates the product segment of the wound dressings market owing to the increasing incidence of diabetic ulcers, venous ulcers, and pressure ulcers.

Global Wound Dressings Market Definition

From the name itself, it is clear that wound dressings are the first aid products used to provide a protective covering to the wounded area on the skin or the body, which helps treat the acute and chronic wounds. Wound dressings further protects that wound against the entry of bacteria.            

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2019 - 2014)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Product (Advanced Wound Dressings, Traditional Wound Dressings), Type (Anti-microbial, Non Anti-microbial), Wound Type (Surgical Wounds, Burns, Diabetic Foot Ulcers, Pressure Ulcers, Venous Ulcers, Trauma, Chronic Wounds), End User (Hospitals, Clinics, Ambulatory Surgical Centers)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Market Players Covered

3M (US), Smith & Nephew plc (UK), Integra LifeSciences Holdings Corporation (US), Mölnlycke Health Care AB (Sweden), ConvaTec Group plc (UK), Coloplast A/S (Denmark), Medline Industries, Inc. (US), Advanced Medical Solutions Group plc (UK), Hollister Incorporated (US), B. Braun Melsungen AG (Germany), DeRoyal Industries, Inc. (US), PAUL HARTMANN AG (Germany), Advancis Medical (UK), Cardinal Health (US), Lohmann & Rauscher International GmbH & Co. KG (Germany), DermaRite Industries, LLC (US), Urgo Medical (France), Shield Line (US), Winner Medical Co., Ltd. (China), Zhejiang Top-Medical Medical Dressing Co., Ltd. (China), North Coast Medical (US), Safe n’ Simple (US), Argentum Medical, LLC (US), Zeni Medical (US), and Appulse Medical (US)  

Market Opportunities

  • Growth in the prevalence of diabetic foot ulcers
  • Increasing demand for first aid kids
  • Rising research and development opportunities

Wound Dressings Market Dynamics

Drivers

  • Rising prevalence of diseases

Growing incidence rate of chronic and acute diseases or injuries such as diabetic foot ulcer, venous leg ulcer, and pressure ulcer globally is one of the major factor fostering the growth of the market. According to a 2019 report by The Independent Diabetes Trust in United Kingdom, in the United Kingdom, around 115,000 people develop diabetic foot ulcers.       

  • Research and development proficiencies

Rising expenditure for research and development proficiencies especially in the developed and developing economies pertaining to the medical instruments and devices will further create lucrative market growth opportunities. Research and development proficiencies being conducted to provide best of the medications to curb the wounds is also bolstering the market growth rate.

  • Growing investment for healthcare facilities

Surging focus towards improving the condition of healthcare facilities and improving the overall healthcare infrastructure another important factor fostering the growth of the market. Rising number of partnerships and strategic collaborations between the public and private players pertaining to funding and application of new and improved technology is further creating lucrative market opportunities.  

Opportunities

Furthermore, upsurge in the public-private funding for target research activities, rising awareness about the benefits of carrying a first aid kit, growing prevalence of diabetes, rising geriatric population base and rising product innovations and development owing to technological advancements all around the world will extend profitable opportunities for the market players in the forecast period of 2022 to 2029. Additionally, rise in the number of road accidents, rising internet penetration rate, increasing rate of cesarean sections in elderly mothers, and increasing per capita expenditure on health care will further expand the market's growth rate in the future. 

Restraints/Challenges Global Wound Dressings Market

On the other hand, high cost associated with the research and development proficiencies, limited infrastructural facilities, uneven distribution of medical services and dearth of awareness in the backward economies are expected to obstruct market growth. Also, lack of favorable reimbursement scenario and technology penetration in the developing economies, increasing cost of advanced wound dressings, limited insurance coverage and regulatory compliance, and lack of suitable infrastructure in low- and middle-income countries are projected to challenge the market in the forecast period of 2022-2029.

This wound dressings market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the wound dressings market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Wound Dressings Market

COVID-19 had a negative impact on the market. The supply chain disruptions created challenges for the transportation and distribution of medical equipment and services. Also, restrictions imposed on the movement further created hindrances. Consequently, many elective surgeries were cancelled or postponed worldwide to reserve or redirect the available limited capacities and resources. The pandemic has adversely impacted global financial expectations, supply chain, operations, and crisis response plans. The manufacturers of advanced wound care products faced disruptions owing to the spread of COVID-19.  

Recent Developments

  • In June 2020, Molnlycke Health Care AB announced the launch of new product wound care patient educational resources to support patients and healthcare professionals during the pandemic. 

Global Wound Dressings Market Scope

The wound dressings market is segmented on the basis of product, type, wound type and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

  • Advanced Wound Dressings
  • Traditional Wound Dressings

On the basis of product, wound dressings market is segmented into advanced wound dressings and traditional wound dressings. 

Type

  • Anti-microbial
  • Non Anti-microbial

Based on type, the wound dressings market is segmented into anti-microbial and non-anti-microbial.

Wound type

  • Surgical Wounds, Burns
  • Diabetic Foot Ulcers
  • Pressure Ulcers
  • Venous Ulcers
  • Trauma
  • Chronic Wounds

Based on wound type, the wound dressings market is segmented into surgical wounds, burns, diabetic foot ulcers, pressure ulcers, venous ulcers, trauma and chronic wounds.

End user

  • Hospitals
  • Clinics
  • Ambulatory Surgical Centers

The wound dressings market is also segmented on the basis of end-user into hospitals, clinics and ambulatory surgical centers.

Wound Dressings Market Regional Analysis/Insights

The wound dressings market is analysed and market size insights and trends are provided by country, product, type, wound type and end user as referenced above.

The countries covered in the wound dressings market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the wound dressings market because of the strong base of healthcare facilities, widespread utilization of medications, increasing presence of a large geriatric population base, increased patient awareness levels and increasing prevalence of chronic wounds such as diabetic foot ulcer, pressure ulcers and venous ulcers and rising number of research activities in this region.   

Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the increase in government initiatives to promote awareness, rise in medical tourism, growing research activities in the region, availability of massive untapped markets, large population pool, increasing health conscious people within the region, and the growing demand for quality healthcare in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Healthcare Infrastructure growth Installed base and New Technology Penetration

The weight management market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for weight management market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the weight management market. The data is available for historic period 2010-2020.

Competitive Landscape and Wound Dressings Market Share Analysis

The wound dressings market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to wound dressings market.

Some of the major players operating in the wound dressings market are:

  • 3M (US)
  • Smith & Nephew plc (UK)
  • Integra LifeSciences Holdings Corporation (US)
  • Mölnlycke Health Care AB (Sweden)
  • ConvaTec Group plc (UK)
  • Coloplast A/S (Denmark)
  • Medline Industries, Inc. (US)
  • Advanced Medical Solutions Group plc (UK)
  • Hollister Incorporated (US)
  • B. Braun Melsungen AG (Germany)
  • DeRoyal Industries, Inc. (US)
  • PAUL HARTMANN AG (Germany)
  • Advancis Medical (UK)
  • Cardinal Health (US)
  • Lohmann & Rauscher International GmbH & Co. KG (Germany)
  • DermaRite Industries, LLC (US)
  • Urgo Medical (France)
  • Shield Line (US)
  • Winner Medical Co., Ltd. (China)
  • Zhejiang Top-Medical Medical Dressing Co., Ltd. (China)
  • North Coast Medical (US)
  • Safe n’ Simple (US)
  • Argentum Medical, LLC (US)
  • Zeni Medical (US)
  • Appulse Medical (US)  

Research Methodology : Global Wound Dressings Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-wound-dressings-market


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The Wound Dressings Market will be projected at USD 13.59 billion during the forecast by 2029.
The Wound Dressings Market is Projected to Grow at a CAGR of 7.65% During the Forecast Period of 2022 to 2029.
3M (US), Smith & Nephew plc (UK), Integra LifeSciences Holdings Corporation (US), Mölnlycke Health Care AB (Sweden), ConvaTec Group plc (UK), Coloplast A/S (Denmark), Medline Industries, Inc. (US), Advanced Medical Solutions Group plc (UK), Hollister Incorporated (US), B. Braun Melsungen AG (Germany), DeRoyal Industries, Inc. (US), PAUL HARTMANN AG (Germany), Advancis Medical (UK), Cardinal Health (US), Lohmann & Rauscher International GmbH & Co. KG (Germany), DermaRite Industries, LLC (US), Urgo Medical (France), Shield Line (US), Winner Medical Co., Ltd. (China), Zhejiang Top-Medical Medical Dressing Co., Ltd. (China), North Coast Medical (US), Safe n’ Simple (US), Argentum Medical, LLC (US), Zeni Medical (US), and Appulse Medical (US) are the Major Companies Operating in Wound Dressings Market.
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
The Wound Dressings Market Report Curated by the Data Bridge Market Research Team Includes In-Depth Expert Analysis, Patient Epidemiology, Pipeline Analysis, Pricing Analysis, and Regulatory Framework.
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