Wound Dressings Market is Estimated to Reach US$ 17.7 Bn By 2028, Rise in Prevalence of Chronic and Acute Wounds to Drive the Market
Wilmington, Delaware, United States: According to the report, the global wound dressings market was valued at US$ 10.1 Bn in 2020 and is projected to expand at a CAGR of 7.5% from 2021 to 2028. A wound dressing is anything that comes into direct contact with a wound to aid in healing and to prevent further problems or complications. Depending on the type of wound, different wound dressings are used, but they all aim to help reduce infection.
Increase in accidents and injuries drives the global wound dressings market. Skin ulcers and tissue necrosis are two of the most common types of wounds that require proper dressings. Moreover, rise in incidence of chronic wounds, ulcers, diabetic ulcers, and number of surgical procedures across the world is a major factor propelling the global wound dressings market. Chronic wounds lead to complications such as infection, ulceration, and insufficient blood supply, thereby increasing the wound healing period. The most common chronic wounds include venous ulcers, diabetic foot ulcers, and pressure ulcers.
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Rise in Prevalence of Chronic and Acute Wounds Drive Market
The increase in prevalence of chronic wounds such as diabetic foot ulcers, pressure ulcers, and venous leg ulcers caused by various diseases is expected to boost the growth of the global wound dressings market. Moreover, rise in prevalence of diabetes among patients is likely to propel the demand for advanced wound dressings. Infections such as cellulitis and infective venous eczema, gangrene, hemorrhage, and lower-extremity amputations are complications of chronic wounds. Chronic wounds cause disability, and disability worsens wound outcomes, creating a vicious cycle.
Increase in number of diabetic patients across the world and rise in prevalence of diabetic foot ulcers are projected to drive of the global wound dressing market during the forecast period.
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Traditional Wound Dressings to be Highly in Demand
In terms of type, the global wound dressings market has been bifurcated into traditional wound dressings and advanced wound dressings. The traditional wound dressings segment has been split into basic wound care, wound closure products, and anti-infective dressings. The advanced wound dressings segment has been classified into foams, films, hydrocolloids, hydrogels, hydrofiber, alginates, and collagen. Traditional wound dressings, such as gauze, lint, plasters, bandages (natural or synthetic), and cotton wool are dry and used as primary or secondary dressings to protect the wound from contamination. Traditional wound dressings are generally indicated for clean and dry wounds with mild exudate levels or as secondary dressings.
Asia Pacific to Dominate Global Market
In terms of region, the global wound dressings market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is projected to dominate the global market during the forecast period due to lower prices of wound care products, less costly expensive healthcare facilities available in terms of wound care, and a general prevalence of large number of injuries among people.
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Moreover, major economies that contribute to the market in the region include China, Japan, and India. Asia Pacific is anticipated to be a lucrative market for wound dressings due to increase in geriatric population and rise in prevalence of ulcers. Furthermore, surge in the number of human-burn cases and rise in prevalence of diabetes across the major countries in the region boost the growth of the market in Asia Pacific.
North America held major share of the global wound dressings market in 2020, owing to a well-established healthcare infrastructure in leading countries such as U.S. and Canada.
Competition Landscape
The global wound dressings market is fragmented in terms of number of players. Key players in the global market include Smith & Nephew plc, Johnson & Johnson, B. Braun Melsungen AG, 3M Healthcare, Coloplast A/S, Derma Sciences, Inc., ConvaTec, Inc., Kinetic Concepts, Inc., Mölnlycke Health Care AB, PAUL Hartmann AG, and Systagenix Wound Management Ltd.
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