Global Wound Gel Market Industry Overview and Forecast to 2031 - Market Analysis and Market Share

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Global Wound Gel Market Industry Overview and Forecast to 2031 - Market Analysis and Market Share

  • Healthcare
  • Upcoming Report
  • Aug 2024
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

Global Wound Gel Market

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period
2024 –2031
Diagram Market Size (Base Year)
USD 22.51 Billion
Diagram Market Size (Forecast Year)
USD 36.16 Billion
Diagram CAGR
%
Diagram Major Markets Players
  • Smith+Nephew
  • Mölnlycke Health Care AB
  • Baxter
  • 3M
  • Integra LifeSciences

The Global Wound Gel Market was valued at USD 22.51 billion in 2023. The market size is projected to grow at a CAGR of 6.10% and reach USD 36.16 billion by 2031.

Wound Gel Market

Global Wound Gel Market Overview

Wound gels are crucial in wound care, primarily made of over a substantial amount of water, to maintain a moist healing environment. They facilitate gas exchange and tissue regeneration, crucial for effective healing. For example, hydrogels, composed of polyacrylamide and agar, keep your skin hyderated, offering a smooth, elastic, and transparent surface. Advanced wound gels often include bioactive ingredients like antimicrobials, growth factors, and stem cells to enhance healing by preventing infection and boosting the body's natural repair processes. This innovation drives growth in the wound gel market.

Data Bridge Market research market report provides details of recent developments, trade regulations, market share, market trends on the basis of its segmentations and regional analysis, impact of market players, analysis of opportunities in terms of emerging revenue pockets, market regulations, strategic market growth analysis, market size, category wise market growths, application niches and dominance, product approvals, product launches, geographic expansions, and technological innovations in the market. To gain more info on the market, contact Data Bridge Market Research’s team of expert analysts. Our team will help you make informed market decisions to achieve business growth.

Global Wound Gel Market Size

Global Wound Gel Market Report Metric Details

Forecast Period

2024-2031

Base Year

2023

Historic Year

2022 (Customizable 2016-2021)

Measuring Unit

USB Million

Data Pointer

In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

As the population ages and the incidence of chronic diseases such as diabetes rises, the number of individuals suffering from hard-to-heal wounds is expected to increase substantially. This growing patient population will require advanced wound care products to promote healing, prevent complications, and improve quality of life. Wound gels, which provide a moist healing environment while delivering active ingredients to the wound bed, are a critical component of the treatment for many acute and chronic wounds. Manufacturers are expected to scale up the production of wound gels to meet the rising demand for effective wound care. Additionally, they will need to invest more in research and development to bring innovative products to market. Distributors and healthcare providers will also need to ensure adequate supplies of wound gels to meet the needs of the expanding population of patients with chronic wounds. Databridge Market Research took a dive into comprehensively analyzing the market and unveiled that the global wound gel market is increasing at a CAGR of 6.10%. The size of the market is valued at USD 22.51 billion in 2023 and is expected to grow up to USD 36.16 billion by 2031.

Wound Gel Market Dynamics

Wound Gel Market Growth Drivers

Rising Incidence of Surgical Procedures

The rising incidence of surgical procedures significantly impacts the growth of the wound gel market. As surgical operations increase globally, the associated risks of complications, particularly surgical site infections (SSIs), have also risen. Studies show that surgical site infections (SSIs) can occur in up to 2% of surgical cases that results in longer hospital stays and higher healthcare costs, with an average additional expense of $18,626 per infection for Medicare patients. This financial burden, coupled with the heightened awareness of patient safety and recovery outcomes, drives demand for advanced wound care products, including wound gels. These gels are essential in surgical settings where the risk of SSIs is high, as they help to promote healing and prevent infections. Furthermore, with the trend towards minimally invasive surgeries, which often require specialized wound care solutions, the wound gel market is expected to expand as healthcare providers seek effective ways to manage surgical wounds and enhance patient recovery.

Growing Awareness and Education

The growing awareness and education surrounding wound care is an important factor drives the expansion of the wound gel market. As healthcare organizations and wound care associations launch educational campaigns, they effectively spread crucial information about the risks associated with improper wound management and the benefits of advanced wound care products. This increased awareness is crucial due to the growing incidence of chronic wounds, particularly among the elderly and those with conditions such as diabetes. This highlights the critical need for effective wound care solutions. Additionally, the advancement of innovative and user-friendly wound care products has made it easier for patients to manage their wounds at home that leading to increased adoption and awareness of their effectiveness. As awareness of the significance of proper wound care increases, the demand for advanced wound gels and related products is anticipated to rise. This growing awareness will drive the market forward, enabling individuals to effectively manage their wounds.

Increase in the Number of Burn Cases

The increase in burn cases significantly drives the growth of the wound gel market, particularly for advanced treatments such as hydrogel dressings. According to World Health Organization, around 180,000 burn-related deaths are estimated annually and over 500,000 individuals in the U.S. seeking treatment each year, the prevalence of burn injuries creates a substantial demand for effective wound care solutions. Wound gels are increasingly favored due to their unique properties, which provide a moist healing environment, reduce pain, and protect wounds from contamination. Their ability to incorporate therapeutic agents further enhances healing and infection prevention that makes them a preferred choice for both clinicians and patients. Ongoing advancements in burn care, such as the creation of new hydrogel formulations with enhanced moisture retention and antimicrobial properties, are essential for effectively managing the challenges associated with severe burn injuries. As healthcare providers focus on improving patient outcomes, the increasing prevalence of burn injuries is driving demand for advanced wound care products. This trend is prompting manufacturers to invest more in research and development that improves treatment efficacy and reducing complications associated with burn wounds.

Global Wound Gel Market Growth Opportunities

The wound gel market is expected for significant growth in the coming years, driven by the expansion of healthcare infrastructure in emerging economies. The demand for specialized wound care products such as wound gels, is expected to rise due to enhanced capabilities and accessibility of healthcare facilities. Improved infrastructure facilitates the distribution of these products and encourages healthcare providers to adopt advanced solutions necessary for effectively managing complex wounds. Furthermore, increased healthcare spending by governments and private entities will enable the procurement of high-quality wound care products that provides better long-term outcomes. This shift towards value-based care emphasizes the importance of investing in advanced wound care solutions, thereby creating a favorable environment for the wound gel market to grow.

Wound Gel Market Size Growth Challenges

The financial burden on the wound gel market presents significant challenges that can hinder its growth and expansion. The high development costs associated with research, clinical trials, and regulatory compliance affects the smaller firms and startups that may lack the financial resources. Additionally, the high prices of advanced wound gels render them less accessible in price-sensitive healthcare environments that leads to slower adoption rates among consumers and healthcare providers. This price sensitivity is exacerbated by competition from more affordable alternative treatments, which may lead healthcare providers to choose less expensive options that limits the market potential for wound gels. Limited financial resources hinder efforts to raise awareness and demonstrate the value of these products which makes it difficult for companies to effectively market their innovations and educate potential users about their benefits.

Wound Gel Market Size Growth Restraints   

The side effects due to wound gels, especially those containing active ingredients such as silver or antibiotics, significantly hinder the market growth of these products. Adverse reactions such as skin irritation, allergic reactions, and the development of antibiotic resistance can limit their use and acceptance among healthcare providers and patients. For instance, while silver-based wound gels are effective in preventing infections, they can also lead to argyria, a condition where silver accumulates in the body that causes a bluish-gray discoloration of the skin. Additionally, the overuse of antibiotic-infused gels can contribute to the growing problem of antibiotic resistance which makes infections harder to treat. Furthermore, the potential for adverse effects can lead to increased regulatory scrutiny and the need for extensive clinical trials that further complicates the development and approval processes for new wound gel formulations. As a result, the combination of safety concerns, regulatory challenges, and the need for ongoing education about proper use limits the wound gel market growth.

Wound Gel Market Scope and Trends

Wound Gel Market Segmentations Overview

Segments Type

Sub-Segments

Gel Type

Amorphous hydrogel, Impregnated Gauze, and Hydrogel Sheets

Wound Type

Surgical Wound, Diabetic Ulcers, Pressure Ulcers, Venous Ulcers, Burns, and Others

End Use

Hospitals, Clinics, Ambulatory Centers, Home Healthcare, and Others

  • Amorphous hydrogels, such as EHO-85, are designed to maintain optimal moisture levels in the wound bed.
  • Amorphous hydrogels facilitate autolytic debridement, which helps in the removal of necrotic tissue while keeping the wound moist and warm.
  • Aurix Gel is a type of wound gel which provides an effective treatment for chronic diabetic foot ulcers due to its unique formulation that promotes faster tissue repair and recovery and reduces inflammation.
  • Venous leg ulcers are persistent skin wounds due to poor blood circulation from venous insufficiency that affects up to 2% of people and often recurring in 50-70% of cases within six months.
  • Wound gels help venous leg ulcers to heal by maintaining a moist environment and reducing infection risk.

Wound Gel Market Regional Analysis – Market Trends

Wound Gel Market Regional Overview

Regions

Countries

Europe

Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe

APAC

China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific

North America

U.S., Canada, and Mexico

MEA

Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East, and Africa

South America

Brazil, Argentina, and Rest of South America

Key Insights

  • The U.S. dominates the North American market due to technological advancements and the presence of major players.
  • Stringent environmental regulations and focus on worker safety are propelling adoption of automatic lubrication systems in Europe.
  • The European Commission's Net-Zero Industry Act aims to establish targets for the industrial capacity of the EU, focusing on simplifying regulatory frameworks for essential technologies.
  • Germany leads the European market, while the U.K. shows rapid growth, highlighting regional variations in market dynamics.
  • Germany accounts for nearly 20% of the European automatic lubrication systems market.
  • China's construction sector, which contributes up to 6% to its GDP, is a significant driver of the automatic lubrication system market in the Asia-Pacific region.

Leading Players the Wound Gel Market

  • Smith+Nephew (U.K.)
  • Mölnlycke Health Care AB (Sweden)
  • Baxter (U.S.)
  • 3M (U.S.)
  • Integra LifeSciences (U.S.)
  • ConvaTec Group Plc (U.K.)
  • Coloplast A/S (Denmark)
  • Medtronic (Ireland)
  • PAUL HARTMANN AG (Germany)
  • MiMedx (U.S.)
  • DeRoyal Industries Inc., (U.S.)
  • Organogenesis Inc., (U.S.)
  • Kerecis (Iceland)
  • ACell Inc., (U.S.)
  • Lohmann & Rauscher GmbH & Co. KG (Germany)
  • Medela AG (Switzerland)
  • Talley Group (England)
  • Pensar Medical LLC (U.S.)
  • B. Braun Melsungen AG (Germany)
  • Cardinal Health (U.S.)
  • Bioventus LLC. (U.S.)
  • Zimmer Biomet (U.S.)
  • DermaRite Industries LLC (U.S.)
  • Medline Industries Inc., (U.S.)
  • Brightwake Ltd (U.K.)
  • MilLaboratories Pvt. Ltd. (India)
  • Welcare Industries Spa. (Italy)
  • Haromed BVBA (Belgium)

Recent Developments in Wound Gel Market

  • In January 2023, Convatec Group launched ConvaFoam, a versatile dressing suitable for various wound types, enhancing its applicability in wound management.
  • In September 2022 MiMedx Group introduced AMNIOEFFECT, a tri-layer human tissue allograft designed to improve healing outcomes for complex wounds
  • In March 2024, Sanara MedTech announced significant advancements and strategic plans during its earnings calls, with the most recent update being.
  • In February 2020, Integra LifeSciences launched AmnioExcel Plus Placental Allograft Membrane, a next-generation wound care product. It features a thicker, tri-layer structure of amnion, chorion, and amnion to support soft tissue repair and utilizes DryFlex technology to preserve natural growth hormones, cytokines, and extracellular matrix (ECM).

DBMR’s market report on the global wound gel market takes you through valuable insights that can contribute to making several important business decisions. Based on our reports and research expertise you can create realistic growth strategies for your business.    


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Frequently Asked Questions

The Global Wound Gel Market, growing at a CAGR of 6.10%, is expected to reach 23.88 billion in 2024.
The global wound gel market is projected to grow at a CAGR of 6.10% during the forecast period of 2024-2031.
Factors such as growing awareness and education, increase in the number of burn cases drives the market growth.
Europe and APAC can be considered to be fastest growing regions because of the increasing demand for Automatic Lubrication systems in the various sectors.
Our TRIPOD analysis involves comprehensive primary as well as secondary research to gather the data that is analyzed using credible data analysis methodologies involving Data Forecast Modelling, Porter’s Five Force Model, Demand Supply Chain Analysis, and Value Change Analysis.