Analysts’ Viewpoint on Market Scenario
Increasing incidences of chronic and acute wounds is a major factor driving the global wound dressings market. Rising investments in improving healthcare infrastructure, rapidly growing geriatric population, ad prevalence of skin ulcers, tissue necrosis, diabetic foot ulcers are some of the factors propelling the global wound dressing market.
Market contributors in the global market are focusing on introducing innovating wound dressing solution due to rising surgical procedures across the globe. However, high prices of materials needed for wound dressings and increased nursing time for dressings are factors hampering the growth of the global wound dressings industry.
Companies in the global wound dressing market should accelerate their product development and unlock revenue opportunities to obtain competitive benefits. Market stakeholders are extending their services arms to gain a competitive edge in the healthcare sector.
With significant impact on global economy and businesses, the coronavirus pandemic has put intense pressure on medical & healthcare systems. The global wound dressing market is also negatively affected due to coronavirus pandemic. Insufficient supply of wound dressing solutions and disrupted supply chain have hampered the growth of the global wound dressing market.
The global market is expected to witness lucrative growth opportunities due to nationwide lockdowns, denied wound care services, cancelled or postponed elective surgeries, and increasing skin injuries amid the coronavirus pandemic. Technological advancements in wound care products, along with increasing prevalence of diabetes across the globe are driving the growth of the global market.
Increase in number of diabetic patients across the world and rise in prevalence of diabetic foot ulcers are factors projected to drive of the global wound dressing market in the upcoming years.
The growing incidences of chronic wounds such as diabetic foot ulcers, pressure ulcers, and venous leg ulcers caused by various diseases are fueling the growth of the global wound dressings market.
Chronic wounds lead to complications such as infection, ulceration, and insufficient blood supply, thereby increasing the wound healing period. In addition, 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 major reasons of chronic wounds.
Surge in investments by key market players and various government organizations in the development of wound dressings is a key factor projected to drive the global market during the forecast period.
Rapidly expanding medicine and pharmaceutical industry, developing advanced products, medicines, and therapies boost the global wound dressings market. The increasing research & development activities by many private and private organizations in order to develop innovative therapies is fueling the expansion of the global market.
Market players are focusing on launching a cell and gene therapy platform within its pharmaceutical division. There is an increasing demand of advanced wound dressing products such as classified into foams, films, hydrocolloids, hydrogels, hydrofiber, alginates, and collagen from the healthcare sector.
Traditional wound dressing products such as gauze, lint, plasters, bandages and cotton wool can be used 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 is expected to dominate the global market during the forecast period, owing to cost-effective wound care products, affordable healthcare facilities, and prevalence of a large number of injuries among people. Moreover, major economies such as China, India, and Japan also contribute to the market growth due to rapidly improving healthcare infrastructure and rising aging population in the region.
The increasing prevalence of diabetes, chronic wounds, and ulcers is also driving the market growth in Asia Pacific. The rising number of road accidents in Asia Pacific countries contribute to the expansion of the wound dressing market in the region.
| Attribute | Detail |
|---|---|
| Market Size Value in 2020 | US$ 10.1 Bn |
| Market Forecast Value in 2028 | US$ 17.7 Bn |
| Growth Rate (CAGR) | 7.5% |
| Forecast Period | 2021-2028 |
| Quantitative Units | US$ Bn for Value |
| Market Analysis | It includes cross segment analysis at global as well as regional level. Moreover, qualitative analysis includes drivers, restraints, opportunities, key trends, and parent industry overview. |
| Competition Landscape |
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| Format | Electronic (PDF) + Excel |
| Market Segmentation |
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| Regions Covered |
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| Countries Covered |
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| Companies Profiled |
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| Customization Scope | Available upon request |
| Pricing | Available upon request |
It is expected to reach the value of US$ 17.7 Bn by the end of 2028
The CAGR is anticipated to be 7.5% from 2023 to 2031
increase in number of diabetic patients across the world and rise in prevalence of diabetic foot ulcers to drive the market
North America is expected to account for major share during the forecast period
Smith & Nephew plc, Johnson & Johnson, B. Braun Melsungen AG, 3M Healthcare, Coloplast A/S, Derma Sciences, Inc., ConvaTec, Inc., Kinetic Concepts, Inc
1. Preface
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions and Research Methodology
3. Executive Summary: Global Wound Dressings Market
4. Market Overview
4.1. Introduction
4.1.1. Definition
4.1.2. Industry Evolution / Developments
4.2. Overview
4.3. Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.4. Global Wound Dressings Market Analysis and Forecast, 2017-2028
5. Key Insights
5.1. Technological Advancements
5.2. Key Mergers & Acquisitions
5.3. Regulatory Scenario by Region/globally
5.4. COVID-19 Pandemics Impact on Industry
6. Global Wound Dressings Market Analysis and Forecast, by Type
6.1. Introduction & Definition
6.2. Key Findings / Developments
6.3. Market Value Forecast, by Type, 2017-2028
6.3.1. Advanced Wound Dressings
6.3.1.1. Foams
6.3.1.2. Films
6.3.1.3. Hydrocolloids
6.3.1.4. Hydrogels
6.3.1.5. Hydrofiber
6.3.1.6. Alginates
6.3.1.7. Collagen
6.3.2. Traditional Wound Dressings
6.3.2.1. Basic Wound Care
6.3.2.2. Wound Closure Products
6.3.2.3. Anti-infective Dressings
6.4. Market Attractiveness Analysis, by Type
7. Global Wound Dressings Market Analysis and Forecast, by Region
7.1. Key Findings
7.2. Market Value Forecast, by Region
7.2.1. North America
7.2.2. Europe
7.2.3. Asia Pacific
7.2.4. Latin America
7.2.5. Middle East & Africa
7.3. Market Attractiveness Analysis, by Country/Region
8. North America Wound Dressings Market Analysis and Forecast
8.1. Introduction
8.1.1. Key Findings
8.2. Market Value Forecast, by Type, 2017-2028
8.2.1. Advanced Wound Dressings
8.2.1.1. Foams
8.2.1.2. Films
8.2.1.3. Hydrocolloids
8.2.1.4. Hydrogels
8.2.1.5. Hydrofiber
8.2.1.6. Alginates
8.2.1.7. Collagen
8.2.2. Traditional Wound Dressings
8.2.2.1. Basic Wound Care
8.2.2.2. Wound Closure Products
8.2.2.3. Anti-infective Dressings
8.3. Market Value Forecast, by Country, 2017-2028
8.3.1. U.S.
8.3.2. Canada
8.4. Market Attractiveness Analysis
8.4.1. By Type
8.4.2. By Country
9. Europe Wound Dressings Market Analysis and Forecast
9.1. Introduction
9.1.1. Key Findings
9.2. Market Value Forecast, by Type, 2017-2028
9.2.1. Advanced Wound Dressings
9.2.1.1. Foams
9.2.1.2. Films
9.2.1.3. Hydrocolloids
9.2.1.4. Hydrogels
9.2.1.5. Hydrofiber
9.2.1.6. Alginates
9.2.1.7. Collagen
9.2.2. Traditional Wound Dressings
9.2.2.1. Basic Wound Care
9.2.2.2. Wound Closure Products
9.2.2.3. Anti-infective Dressings
9.3. Market Value Forecast, by Country/Sub-region, 2017-2028
9.3.1. Germany
9.3.2. U.K.
9.3.3. France
9.3.4. Italy
9.3.5. Spain
9.3.6. Rest of Europe
9.4. Market Attractiveness Analysis
9.4.1. By Type
9.4.2. By Country/Sub-region
10. Asia Pacific Wound Dressings Market Analysis and Forecast
10.1. Introduction
10.1.1. Key Findings
10.2. Market Value Forecast, by Type, 2017-2028
10.2.1. Advanced Wound Dressings
10.2.1.1. Foams
10.2.1.2. Films
10.2.1.3. Hydrocolloids
10.2.1.4. Hydrogels
10.2.1.5. Hydrofiber
10.2.1.6. Alginates
10.2.1.7. Collagen
10.2.2. Traditional Wound Dressings
10.2.2.1. Basic Wound Care
10.2.2.2. Wound Closure Products
10.2.2.3. Anti-infective Dressings
10.3. Market Value Forecast, by Country/Sub-region, 2017-2028
10.3.1. China
10.3.2. Japan
10.3.3. India
10.3.4. Australia & New Zealand
10.3.5. Rest of Asia Pacific
10.4. Market Attractiveness Analysis
10.4.1. By Type
10.4.2. By Country/Sub-region
11. Latin America Wound Dressings Market Analysis and Forecast
11.1. Introduction
11.1.1. Key Findings
11.2. Market Value Forecast, by Type, 2017-2028
11.2.1. Advanced Wound Dressings
11.2.1.1. Foams
11.2.1.2. Films
11.2.1.3. Hydrocolloids
11.2.1.4. Hydrogels
11.2.1.5. Hydrofiber
11.2.1.6. Alginates
11.2.1.7. Collagen
11.2.2. Traditional Wound Dressings
11.2.2.1. Basic Wound Care
11.2.2.2. Wound Closure Products
11.2.2.3. Anti-infective Dressings
11.3. Market Value Forecast, by Country/Sub-region, 2017-2028
11.3.1. Brazil
11.3.2. Mexico
11.3.3. Rest of Latin America
11.4. Market Attractiveness Analysis
11.4.1. By Type
11.4.2. By Country/Sub-region
12. Middle East & Africa Wound Dressings Market Analysis and Forecast
12.1. Introduction
12.1.1. Key Findings
12.2. Market Value Forecast, by Type, 2017-2028
12.2.1. Advanced Wound Dressings
12.2.1.1. Foams
12.2.1.2. Films
12.2.1.3. Hydrocolloids
12.2.1.4. Hydrogels
12.2.1.5. Hydrofiber
12.2.1.6. Alginates
12.2.1.7. Collagen
12.2.2. Traditional Wound Dressings
12.2.2.1. Basic Wound Care
12.2.2.2. Wound Closure Products
12.2.2.3. Anti-infective Dressings
12.3. Market Value Forecast, by Country/Sub-region, 2017-2028
12.3.1. GCC Countries
12.3.2. South Africa
12.3.3. Rest of Middle East & Africa
12.4. Market Attractiveness Analysis
12.4.1. By Type
12.4.2. By Country/Sub-region
13. Competition Landscape
13.1. Market Player - Competition Matrix (by tier and size of companies)
13.2. Market Share Analysis, by Company, 2020
13.3. Company Profiles
13.3.1. 3M Healthcare
13.3.1.1. Company Overview (HQ, Business Segments, Employee Strength)
13.3.1.2. Financial Analysis
13.3.1.3. Growth Strategies
13.3.1.4. SWOT Analysis
13.3.2. B. Braun Melsungen AG
13.3.2.1. Company Overview (HQ, Business Segments, Employee Strength)
13.3.2.2. Financial Analysis
13.3.2.3. Growth Strategies
13.3.2.4. SWOT Analysis
13.3.3. Coloplast A/S
13.3.3.1. Company Overview (HQ, Business Segments, Employee Strength)
13.3.3.2. Financial Analysis
13.3.3.3. Growth Strategies
13.3.3.4. SWOT Analysis
13.3.4. ConvaTec, Inc.
13.3.4.1. Company Overview (HQ, Business Segments, Employee Strength)
13.3.4.2. Financial Analysis
13.3.4.3. Growth Strategies
13.3.4.4. SWOT Analysis
13.3.5. Derma Sciences, Inc.
13.3.5.1. Company Overview (HQ, Business Segments, Employee Strength)
13.3.5.2. Financial Analysis
13.3.5.3. Growth Strategies
13.3.5.4. SWOT Analysis
13.3.6. Kinetic Concepts, Inc.
13.3.6.1. Company Overview (HQ, Business Segments, Employee Strength)
13.3.6.2. Financial Analysis
13.3.6.3. Growth Strategies
13.3.6.4. SWOT Analysis
13.3.7. Medline Industries, Inc.
13.3.7.1. Company Overview (HQ, Business Segments, Employee Strength)
13.3.7.2. Financial Analysis
13.3.7.3. Growth Strategies
13.3.7.4. SWOT Analysis
13.3.8. Molnlycke Health Care
13.3.8.1. Company Overview (HQ, Business Segments, Employee Strength)
13.3.8.2. Financial Analysis
13.3.8.3. Growth Strategies
13.3.8.4. SWOT Analysis
13.3.9. PAUL HARTMANN AG
13.3.9.1. Company Overview (HQ, Business Segments, Employee Strength)
13.3.9.2. Financial Analysis
13.3.9.3. Growth Strategies
13.3.9.4. SWOT Analysis
13.3.10. Smith & Nephew plc
13.3.10.1. Company Overview (HQ, Business Segments, Employee Strength)
13.3.10.2. Financial Analysis
13.3.10.3. Growth Strategies
13.3.10.4. SWOT Analysis
13.3.11. Systagenix Wound Management, Ltd.
13.3.11.1. Company Overview (HQ, Business Segments, Employee Strength)
13.3.11.2. Financial Analysis
13.3.11.3. Growth Strategies
13.3.11.4. SWOT Analysis
List of Tables
Table 01: Global Wound Dressings Market Value (US$ Mn) Forecast, by Type, 2017-2028
Table 02: Global Wound Dressings Market Value (US$ Mn) Forecast, by Region, 2017-2028
Table 03: North America Wound Dressings Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017-2028
Table 04: North America Wound Dressings Market Value (US$ Mn) Forecast, by Type, 2017-2028
Table 05: Europe Wound Dressings Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017-2028
Table 06: Europe Wound Dressings Market Value (US$ Mn) Forecast, by Type, 2017-2028
Table 07: Asia Pacific Wound Dressings Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017-2028
Table 08: Asia Pacific Wound Dressings Market Value (US$ Mn) Forecast, by Type, 2017-2028
Table 09: Latin America Wound Dressings Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017-2028
Table 10: Latin America Wound Dressings Market Value (US$ Mn) Forecast, by Type, 2017-2028
Table 11: Middle East & Africa Wound Dressings Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017-2028
Table 12: Middle East & Africa Wound Dressings Market Value (US$ Mn) Forecast, by Type, 2017-2028
List of Figures
Figure 01: Global Wound Dressings Market Value Share Analysis, by Type, 2021 and 2028
Figure 02: Global Wound Dressings Market Attractiveness Analysis, by Type, 2021-2028
Figure 03: North America Wound Dressings Market Value (US$ Mn) Forecast, 2017-2028
Figure 04: North America Wound Dressings Market Value Share Analysis, by Country, 2021 and 2028
Figure 05: North America Wound Dressings Market Attractiveness Analysis, by Country, 2021-2028
Figure 06: North America Wound Dressings Market Value Share Analysis, by Type, 2021 and 2028
Figure 07: North America Wound Dressings Market Attractiveness Analysis, by Type, 2021-2028
Figure 08: Europe Wound Dressings Market Value (US$ Mn) Forecast, 2017-2028
Figure 09: Europe Wound Dressings Market Value Share Analysis, by Country/Sub-region, 2021 and 2028
Figure 10: Europe Wound Dressings Market Attractiveness Analysis, by Country/Sub-region, 2021-2028
Figure 11: Europe Wound Dressings Market Value Share Analysis, by Type, 2021 and 2028
Figure 12: Europe Wound Dressings Market Attractiveness Analysis, by Type, 2021-2028
Figure 13: Asia Pacific Wound Dressings Market Value (US$ Mn) Forecast, 2017-2028
Figure 14: Asia Pacific Wound Dressings Market Value Share Analysis, by Country/Sub-region, 2021 and 2028
Figure 15: Asia Pacific Wound Dressings Market Attractiveness Analysis, by Country/Sub-region, 2021-2028
Figure 16: Asia Pacific Wound Dressings Market Value Share Analysis, by Type, 2021 and 2028
Figure 17: Asia Pacific Wound Dressings Market Attractiveness Analysis, by Type, 2021-2028
Figure 18: Latin America Wound Dressings Market Value Share Analysis, by Country/Sub-region, 2021 and 2028
Figure 19: Latin America Wound Dressings Market Attractiveness Analysis, by Country/Sub-region, 2021-2028
Figure 20: Latin America Wound Dressings Market Attractiveness Analysis, by Type, 2021-2028
Figure 21: Middle East & Africa Wound Dressings Market Value Share Analysis, by Country/Sub-region, 2021 and 2028
Figure 22: Middle East & Africa Wound Dressings Market Attractiveness Analysis, by Country/Sub-region, 2021-2028
Figure 23: Middle East & Africa Wound Dressings Market Attractiveness Analysis, by Type, 2021-2028
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Wound Dressings Market
