Global Moist Wound Dressings Market Size, Sector / Industry Report & Analysis 2020, & Forecast 2021-2026 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global Moist Wound Dressings Market


The global Moist Wound Dressings market size is projected to reach US$ 5.76 billion by 2026, from US$ 4.16 billion in 2020, at a CAGR of 5.6% during 2021-2026. Wound dressings have evolved from simple dressings that cover the wound to advanced products that release pharmaceutically active ingredients for accelerating the healing process, as well as reduce pain and inflammation. Wound care is essential to enhance the healing process and minimize the risk of associated infections. Rising incidence of diabetic pressure, venous stasis, and foot ulcers is one of the key factors driving the market.

Furthermore, the launch of novel therapies, such as electromagnetic therapy, electrical stimulation, nanotechnology, and the use of silver and other combination dressings are boosting the market growth. These advancements ensure better wound care and thus increase the product adoption. A major advancement in the market includes the ability of these dressings to regulate moisture at the wound site, which aids in regeneration of tissue and reduced infection and pain. Advanced products facilitate wound protection, gas exchange, antibacterial protection, thermal insulation, exudate absorption, and more; thereby, boosting market growth.

In addition, growing incidence of burn injuries is also projected to boost moisture wound dressings demand. As per the statistics by WHO, every year, about 180,000 deaths occur due to burn injuries. Moreover, growing geriatric population base across the globe is estimated to support market expansion. As per the WHO estimates, the global geriatric population, (aged 60 years and above) is anticipated to reach about 2 billion by 2050.

This age group is susceptible to injuries and chronic wounds, such as venous leg and pressure ulcers, which is expected to spur the market growth in the years to come. Emerging regions, such as Southeast Asia, are expected to witness considerable growth on account of rising cases of burn injuries. Growing disposable income and awareness about these dressing products along with the availability of better quality products in such regions are also contributing to the market growth.

Market Segmentation, Outlook & Viewpoint: Global Moist Wound Dressings Market

Product Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

  
Foam
  
Alginate
  
Films
  
Hydrocolloid
  
Hydrogel

Application Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

  
Pressure Ulcers
  
Diabetic Ulcers
  
Burn Wounds
  
Surgical Wounds
  
Traumatic Wounds
  
Others

End-use Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

  
Hospitals
  
Homecare
  
Others

Key Players, Recent Developments & Regional Insights: Global Moist Wound Dressings Market

Based on product, the moisture wound dressings market is segmented into foam, alginate, film, hydrocolloid, and hydrogel. These wound dressings are recommended for chronic wounds like pressure and diabetic ulcers, burn injuries as they help create and maintain a moist environment, which facilitating faster healing process. Foam dressings segment was the largest segment in 2017 due to soft and comfortable feel of these dressings.

Moreover, they help prevent and stop exudation from burn injuries, which is also driving the segment growth. Due to their highly absorbent nature, these dressings can be changed after around 3-4 days and are used for wounds with heavy exudation without the complication of maceration. According to American Burn Association, an approximate 450,000 patients are hospitalized due to burns each year and risk of infection is higher in these patients.

Application Insights

On the basis of application, the market is segmented into surgical and traumatic wound treatment, pressure and diabetic ulcer treatment, and burn injuries. Surgical segment held the largest share in the global market and is expected to maintain its position over the forecast period. Diabetic ulcer treatment is anticipated to be the fastest-growing application segment due to increasing prevalence of the disease and related complications. Nearly 15% of the diabetic patients suffer from diabetic foot ulcers, out of which nearly 6% are hospitalized owing to related complications. However, due to the availability of advanced wound dressing products, such ulcers can be treated and healed quickly while reducing hospital stays and overall costs.

End-use Insights

On the basis of end use, the market can be categorized into hospitals, home healthcare, and others. Hospital segment has been estimated to be the largest shareholder in the market and this trend is projected to continue over the course of the forecast period. This growth can be primarily attributed to rising number of surgeries performed in these settings.

The hospitals segment is also fueled by increasing prevalence of chronic diseases and wounds. In addition, high prevalence of hospital-acquired infections is anticipated to further drive the segment. Home care settings are anticipated to witness rapid growth over the forecast period, registering a CAGR of close to 7.0%.

Regional Insights

The U.S. market commanded a maximum share in 2017, owing to the presence of target population base and increased patient awareness levels. The market is estimated to expand further due to increasing cases of chronic wounds, such as diabetic foot and pressure ulcers, in the region. As per CDC, around 2.5 million patients suffer from pressure ulcers annually. Easy availability of products as a result of the presence of major market players and their wide distribution network will also contribute to the regions development.

Southeast Asia market is expected to witness lucrative growth as this region holds potential growth opportunities for moisture wound dressings market. Moreover, presence of emerging nations like Thailand, Malaysia, and Singapore are anticipated to fuel market growth.

Moist Wound Dressing Market Share Insights

Key companies in global market include 3M Healthcare; Coloplast A/S; Medline Industries, Inc.; Cardinal Health, Inc.; B. Braun Melsungen AG; Smith & Nephew PLC; ConvaTec Group PLC; Derma Sciences, Inc.; and Systagenix Wound Management Ltd.
Frequent mergers and acquisition activities are observed in the market, mainly to gain a competitive edge. For instance, In December 2017, Medline Industries entered into an agreement with Resource Optimization & Innovation (ROi). This agreement is anticipated to provide Medline the access to ROis products. Companies are also focusing on the development of advanced products to attract more customers.

Key Insights Covered: Global Moist Wound Dressings Market

1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Moist Wound Dressings industry.
2. Global major manufacturers operating situation (sales, revenue, growth rate and gross margin) of Moist Wound Dressings industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Moist Wound Dressings industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Moist Wound Dressings industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Moist Wound Dressings industry.

Research Methodology: Global Moist 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 forecasted 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 a Sample Report.
  
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other