Wound Dressings Market is projected to reach USD 11.2 billion by 2025 from USD 7.0 billion in 2020, at a CAGR of 9.7% during the forecast period. The growth of this market is majorly driven by the growing prevalence of chronic diseases and conditions affecting wound healing capabilities, increasing spending on surgical and chronic wounds, high rate of cesarean sections in elderly women, and the rising incidence of burn injuries. However, the high cost and low adoption rate of advanced wound dressings are expected to restrain the growth of this market during the forecast period.
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Key Market
Prominent players operating in the global wound dressings market include 3M (US), Smith Nephew (UK), Cardinal Health (US), ConvaTec Group plc (UK), Coloplast A/S (Denmark), Mölnlycke Health Care AB (Sweden), Integra LifeSciences Holdings Corporation (US), B. Braun Melsungen AG (Germany), and Medline Industries, Inc. (US).
Advanced wound dressings segment accounted for the largest share of the wound dressings market, by type
Based on type, the global market is segmented into traditional wound dressings and advanced wound dressings. The advanced wound dressings segment is further divided into foams, hydrocolloids, hydrofibers, films, alginates, collagen, hydrogels, wound contact layers, superabsorbents, and other advanced dressings (such as honey, charcoal, NPWT, and gelling fiber dressings). The advanced wound dressings segment accounted for the largest share of the global market in 2019. This can be attributed to the increasing incidence of diabetic ulcers, venous ulcers, and pressure ulcers.
Surgical and traumatic wounds segment accounted for the largest share of the wound dressings market
Based on wound type, the global market is segmented into surgical and traumatic wounds, diabetic foot ulcers, pressure ulcers, venous leg ulcers, and burns and other wounds. The surgical and traumatic wounds segment accounted for the largest share of the global market in 2019. The large share of this segment can be attributed to the increasing prevalence of chronic conditions and the growing number of surgical procedures performed.
Hospitals, ASCs, and clinics are the largest end users of wound dressings
Based on end users, the wound dressings market is segmented into hospitals, ASCs, and clinics; home care settings; and other end users. The hospitals, ASCs, and clinics segment accounted for the largest market share. This can be attributed to the rising need for wound care services and the increasing need for better wound management products for treating complex wounds.
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North America is the largest regional market for wound dressings
Based on region, the wound dressings market is segmented into North America, Europe, the Asia Pacific (APAC), Latin America (LATAM), and the Middle East Africa (MEA). In 2019, North America accounted for the largest share of the wound dressings market. This can be attributed to the increasing demand for advanced wound treatment options like advanced wound dressings, increasing incidence of chronic wounds, rising healthcare expenditure, and the presence of a large number of wound care companies in this region.
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Recent Developments:
- In January 2020, ConvaTec announced the launch of ConvaMax, which helps in managing highly exuding wounds, including leg ulcers, surgical wounds, and diabetic foot ulcers.
- In September 2018, ConvaTec received the US FDA 510(k) clearance for its AQUACEL Ag Advantage antimicrobial dressings.
- In November 2018, Mouml;lnlycke introduced the Mepilex Border Flex dressing engineered to support fewer dressing changes and reduce dressing costs and waste while creating an optimal healing environment.
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