USD 4.31 billion
Report ID:
SQMIG35D2162 |
Region:
Global |
Published Date: March, 2024
Pages:
219
|Tables:
97
|Figures:
78
Moist Wound Dressings Market size was valued at USD 4.53 Billion in 2023 and is poised to grow from USD 4.77 Billion in 2024 to USD 7.15 Billion by 2032, growing at a CAGR of 5.2% during the forecast period (2025-2032).
Moist wound dressing is essential for modern wound management, providing advanced solutions to accelerate healing for all types of wounds. These dressings have various functions such as enabling debridement of the wound, granulation tissue formation, and infection prevention. Consequently, they are used to manage acute and chronic wounds like ulcers, burns, surgical incisions, and traumatic injuries in various healthcare environments. Factors such as the increasing incidence of diabetes-associated foot ulcers and pressure ulcers, along with the concurrent growth of the geriatric population and the rising levels of burn injuries/accidents are expected to drive the global moist wound dressings market growth. Moreover, the amalgamation of medical technology has brought forth the invention of efficiently working moist wound dressings that help speed up the healing process and prevents exposure interference with the section that is healing and often leads to a lesser scope of exposure if the person is already prone to infection as the impact interacts with every interface to make a path open prematurely which can be avoided with the right type of moist wound dressings.
US Moist Wound Dressings Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 4.31 billion
Largest Segment
Hospitals
Fastest Growth
Hospitals
Growth Rate
5.2% CAGR
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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.
Analysis by Product
Based on product, the foam dressings segment is dominating the market with the largest moist wound dressings market share. The foam dressings segment is anticipated to gain traction due to increase in demand for soft and comfortable feeling foams. In addition, they prevent and cease the exudation from wounds or burns, which is also supporting the segmental growth. Also known for their great absorption, these dressings can be left on for approximately 3-4 days and are indicated for the highly exuding wound without the complication of maceration. There are 450,000 hospitalizations due to burns a year in America, and patients with burns are at higher risk of infection, as per American Burn Association. These dressings are suggested in chronic wounds to maintain moisture for fast healing.
The hydrocolloid dressings segment is witnessing the fastest growth in the moist wound dressings market. The gel forming ability of hydrocolloids causes a moist environment around the wound, to help healing. Similarly, hydrocolloid dressings cover the wound with a moist, occlusive physical barrier, guarding the wound itself from contaminants, bacteria, and other pathogens in the environment as well. These are plastically adaptable dressings with good adherence to body contours, appropriate for all anatomical sites. Since hydrocolloids are flexible, they can easily be applied on uneven surfaces, including elbows, knees, and heels.
Analysis by Application
Based on application, the surgical wounds segment is dominating the moist wound dressings market. Surgical wounds have the highest demand due to their advantages of faster and effective healing. Moist healing theory suggests that a semi-dry, sealed environment is optimal for wound healing since it promotes autolytic debridement, attenuates pain and reduces scarring. These dressings can maintain a proper moisture level in surgical wounds, which is essential for the movement of keratinocytes and, in addition, fibroblasts in the wound-healing process. Loose moist dressings also assist in the retention of wound fluid containing growth factors, essential for tissue repair.
As per moist wound dressings market analysis, diabetic foot ulcers segment is experiencing tremendous growth and popularity in recent years. In most clinical practices, moist wound dressings are used to treat diabetic foot ulcers as the moist wound healing environment is beneficial for the healing of diabetic foot ulcers. Due to the underlying factors associated with diabetes, these slow-healing ulcers are prone to complications and often occur in patients with diabetes. In addition, the immune function and blood circulation of diabetic patients are poor, so the risk of wound infection is also higher. By providing a barrier to pathogens safely prevent infection, while at the same time stimulating the formation of moist dressings.
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North America is dominating with the largest moist wound dressings market share. North America has emerged as a prominent region for the market, attributed to the increasing pressure of inflation and significant participants in the market. A rise in the number of diabetes, burns, and surgeries carried out in the region has caused the number of surgical site infections (SSIs) to increase. Surgical site infection has a wide use of moist wound dressing. In order to avoid an increase in cases of surgical site infection globally, the demand for moist wound dressing is likely to increase which will create considerable growth opportunities for the moist wound dressing market in this region during the forecast period.
The Asia-Pacific market is witnessing the fastest growth in the moist wound dressings market. The moist wound dressings market in the Asia Pacific region has rapidly emerged as a major hub due to improved healthcare infrastructure, higher healthcare expenditure, and growing awareness of advanced wound care products across the region. Massive investments in healthcare due to rapid economic growth, China has more than 30,000 hospitals and awareness of anti-bacterial wound care technologies is continually increasing. With Japan being a country with a very elderly population and over 60,000 centenarians, there is high demand for wound care. Rising diabetes cases in India, more than 70 million reported diabetes patients in 2023, is another aspect that is expected to witness the demand for wound care products over the next few years.
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Moist Wound Dressings Market Drivers
Growing Adoption of Innovative Therapies
Innovation in therapies like electromagnetic therapy, electrical stimulation, nanotechnology, and silver and other combination dressings are driving the growth of the global market. These advancements facilitate effective wound care and therefore lead to the wider acceptance of the product. This represents a big advancement in the market since these dressings are capable of controlling moisture at the site of the wound, thereby promoting tissue growth and limiting the chances of infection and pain.
Growing Number of Chronic and Acute Wounds
The increase in reported chronic wound conditions in the developing nations is a key factor driving the growth of moist wound dressing market. Approximately 450,000 patients are hospitalized annually with burns placing them at an increased risk of infectious complication, according to the American Burn Association. This, in turn, is fuelling growth of the moist wound dressings market at a higher rate.
Moist Wound Dressings Market Restraints
Shortage of Trained Medical Professionals
Factors that hinder the growth of the market include shortage of training medical professionals, resistant of medical professionals to change treatment schedule with advance products, lack of a system interfere that may alert that a possibility of ulcer may develop, and substitutes to moist wound dressings such as negative pressure wound therapy and antimicrobials.
High Cost of Wound Treatment
The market may be hindered due to exorbitant prices of wound management, incorporating wet dressings. Chronic hard-to-heal skin wounds, like diabetic foot ulcers, burns, pressure sores etc., impose a huge economic burden on the patients, as well as on the whole care system. The expensive nature of patient care makes it unaffordable, which leads to low demand growth.
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Key players operating in the moist wound dressings industry are making efforts like launching new products, receiving approvals for new products, strategic acquisitions, and innovations in the product to take an edge over one another in competition. Moreover, continual growth in pharmaceutical industry and pharmaceutical sales have rewritten the ladder of the wound dressings technology development. In addition, the increase in quantity of sanitizers manufactured and the adoption of bio-based isopropyl alcohol as cleaning agents in wound care dressings are contributing to the market growth. However, providing desired purity levels for IPA in wound care products and health issues associated with various chemical components will remain important challenges for industry players to overcome.
Moist Wound Dressings Market Top Player’s Company Profiles
Moist Wound Dressings Market
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the growth of the global moist wound dressings industry is mainly driven by the growing demand for moisturized wound dressings due to the high prevalence of accident and associated injuries. The moist wound dressings market size is expanding due to the rise in cases of diabetic hypertension, venous stasis and foot ulcers. However, availability of alternatives, such as antimicrobials and negative pressure wound therapy is expected to pose major challenge thus hampering the market growth during the upcoming years. New advancements in healthcare technologies and moist wound healing products like nanotechnology and electrical stimulation are expected to offer profitable chances for key players to keep the moist wound dressing market on pace during the forecast period.
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 |
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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
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
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.
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.
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Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
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Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
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Report ID: SQMIG35D2162
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