Global Antimicrobial Wound Care Dressings Market Size study & Forecast, by Product (Silver Dressing, Povidone-Iodine Dressing, PHMB Dressing, Other) by Application (Chronic Wounds, Acute Wounds), by End User (Hospitals, Outpatient Facilities, Home Care, Research & Manufacturing) and Regional Analysis, 2023-2030
Global Antimicrobial Wound Care Dressings Market is valued at approximately USD 1.3 billion in 2022 and is anticipated to grow with a compounded annual growth rate of more than 6.4% over the forecast period 2023-2030. Antimicrobial wound care dressings or specialized type of dressing is used to promote the healing of wounds while also preventing or minimizing the risk of infection. These dressings are designed to create an environment that inhibits the growth of microorganisms, such as bacteria and fungi, which can impede the healing process and lead to wound infections. However, the increasing prevalence of chronic wounds and the growing geriatric population emerge as to be the growth driver of Global Antimicrobial wound Care Dressings.
According to the National Centre for Biotechnology Information (NCBI) in 2020, the elderly population is predominantly affected by chronic wounds. In the United States, approximately 3% of individuals aged 65 years and above has open wounds. The US government projects that the elderly population may surpass 55 million indicating that chronic wounds might persistently pose a growing challenge within the demographic. As a whole, chronic wounds are estimated to affect around 2% of the entire population in the United States. According to the National Centre for Biotechnology Information (NCBI) in 2021, On a global scale, the annual expenditure on wound care reached an average of USD 3.5 billion from 2.8 billion in 2014. The largest wound dressing markets in the world, namely, the United States and Europe, experience substantial demand for wound care products. However, lack of awareness & education and limited healthcare infrastructure may hamper the overall growth of the Global Interactive Wound Dressing Market. Moreover, emerging markets in healthcare and the growing aging population emerge as to be growth opportunities for the Global Interactive Wound Dressing Market.
The key regions considered for the Global Antimicrobial Wound Care Dressings Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America region dominated the market owing to the fact that it has the presence of major market players. The growing trends in this region continue to rise owing to factors such as the growing geriatric population and increasing prevalence of chronic wounds. Asia Pacific emerged as to be the fastest growing region owing to the fact that the region has an emerging market for medical tourism and a growing population that prevails over the need for medical supplies which has become the center of attraction for the major market players to invest in this region.
Major market player included in this report are:Minnesota Mining and Manufacturing Company (3M)
Smith & Nephew PLC
Paul Hartmann AG
ConvaTec Group PLC
Coloplast A/S
Medline Industries Inc.
McKesson Corporation
Mölnlycke Health Care AB
B. Braun Melsungen AG
Cardinal Health Inc.
Recent Developments in the Market:In January 2020, ConvaTec introduced ConvaMax, a specialized solution designed to effectively manage ones with high levels of exudate. This innovative product is particularly beneficial for the treatment of conditions such as leg ulcers, surgical ones and diabetic foot ulcers.
In June 2022, Smith & Nephew, a UK-based company, revealed its plan to construct a state-of-the-art, research and development as well as manufacturing facility for its advanced wound management franchise near Hull, UK. This upcoming facility is projected to contribute to over USD 10 billion in sales within its initial 10 years of functioning.
Global Antimicrobial Wound Care Dressings Market Report Scope:Historical Data – 2020 - 2021
Base Year for Estimation – 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Product, Application, End User, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
Silver Dressing
Povidone-Iodine Dressing
PHMB Dressing
Other
By Application:
Chronic Wounds
Acute Wounds
By End User:
Hospitals
Outpatient Facilities
Home care
Research & Manufacturing
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
Companies MentionedMinnesota Mining and Manufacturing Company (3M)
Smith & Nephew PLC
Paul Hartmann AG
ConvaTec Group PLC
Coloplast A/S
Medline Industries Inc.
McKesson Corporation
Mölnlycke Health Care AB
B. Braun Melsungen AG
Cardinal Health Inc.
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