Global Wound Dressing Market
The Wound dressing market is projected to reach $ 11,975.2 million by 2031 from $ 6,273.3 million in 2020, growing at an estimated CAGR of 5.9% from 2020 to 2031. Global wound dressing market is gaining traction due to the increasing number of surgeries worldwide. As per the Global Observatory on Donations and Transplantation (GODT database, there was an upsurge in the number of organ transplant procedures globally. This increase in the surgeries is majorly due to the advancement in technology, flexible government medical and health policies and increasing awareness about the surgeries. This increase in-turn has pushed the market significantly. Majority of the developed economies such as the U.S., UK, Germany and France have Ambulatory Surgery Centers (ASC) which benefit the patients with economical surgeries in shorter duration. This trend has also been seen in the developing economies such as India and China which are implementing the ASCs. Along with these installations, the government in these regions are also leveraging on their healthcare policies. This is one of the major reason which has increased the number of surgical procedures.
This is acting as one of the major driving factor for the growing wound dressing market. Another major driving factor for this market is the increasing number of diseases such as cardiovascular diseases, obesity issues, diabetes which are mainly due to lifestyle disorders. With these diseases, the patient must undergo different surgeries such as cardiovascular disease surgery or obesity related surgery. These increasing number of surgical procedures are proving to be one of the major driving factors for this market. Composite dressings, which are multi-layered waterproof dressings, are a part of the primary dressings. These are three-layer dressings, where the lower layer consists of semi or non-adherent material for water to infuse to the next layer, however it prevents it from sticking to the granulating tissue. Another type of dressing includes film dressing which are thin, flexible, and transparent and are made up of polyurethane sheets. They act as adhesive and provides moisture to promote wound healing. These dressings are not used for exuding wounds; however, these dressings protect the wound from any bacterial infection.
The Negative pressure wound therapy (NPWT) which uses a vacuum dressing to promote healing in chronic wound or third-degree wounds is growing at a substantial rate. NPWT is expected to have a higher market share during the forecast period due to its rapid healing process, reduced infection chances and increasing patient compliance. There are various applications for wound dressings and the wound dressing market is further segmented by application type into Diabetes based surgeries, Ulcers Surgeries, Burns Surgeries, Transplant Surgeries, Cardiovascular Diseases (CVD) based surgeries, and others. The major reason for the growth of these segments is due to the increase in the CVD diseases majorly in the developing nations. The growth of the diabetes related surgeries and transplant surgeries in the developed nations are also pushing the growth for this market. Wound dressings market is further segmented by end user which include hospitals, home healthcare, ambulatory centers, specialty clinics and others.
It is estimated that the hospital segment has the largest market share during the forecast period, however, the ambulatory centers is growing with the highest growth rate. The major reason for this traction is due to the increasing adoption of ambulatory centers in the developed and developing regions. The wound dressing market is segmented by regions which include North America, Europe, Asia-Pacific, Latin America and Middle East and Africa. Among these regions, countries such as US and Canada have dominated the market. However, developing countries such as China and India are contributing to the high growth rate of the Asia-Pacific region. The major reason for the growth in the APAC region is due to the changing lifestyle of the population like the developed nations, and growing medical tourism, particularly in countries such as India and Singapore. Some of the major players in the wound dressing market include companies such as 3M, Smith & Nephew, Advancis Medical, Medline Industries, BSN Medical, ConvaTec, Acelity, Medtronic, Alliqua Biomedical, Coloplast, and Mölnlycke Health Care AB. among others.
- Chapter 1. Introduction
- 1.1 Report Description
- 1.1.1 Objectives of the Study
- 1.1.2 Market Scope
- 1.1.3 Assumptions
- 1.2 Stakeholders
- Chapter 2. Executive Summary
- Chapter 3. Research Methodology
- 3.1 Overview
- 3.1.1 Data Mining
- 3.2 Data Sources
- 3.2.1 Primary Sources
- 3.2.2 Secondary Sources
- Chapter 4. Wound dressing Market Insights
- 4.1 Wound dressing – Industry snapshot
- 4.1.1 Drivers and Opportunities
- 4.1.1.1 Increasing prevalence of organ transplant surgeries
- 4.1.1.2 Wider range of services and increasing number of ASCs
- 4.1.1.3 Increasing lifestyle disorders
- 4.1.2 Restraints and Challenges
- 4.1.2.1 Stringent regulatory policies
- 4.1.3 Covid impact on surgical dressing
- 4.2 Porter’s Five Forces Analysis
- 4.3 Wound dressing Market – SWOT Analysis, By Factor (political & legal, economic and technological)
- Chapter 5. Wound dressing Market Assessment by Product Type
- 5.1 Introduction
- 5.2 Advance Wound Dressing
- 5.2.1 Film Dressing
- 5.2.2 Alginates
- 5.2.3 Soft Silicone Dressing
- 5.2.4 Composite Dressing
- 5.2.5 Hydrogel
- 5.2.6 Hydrocolloid Dressing
- 5.2.7 Foam Dressing
- 5.3 Secondary Dressing
- 5.3.1 Absorbents
- 5.3.2 Bandages
- 5.3.2.1 Muslin Bandage Rolls
- 5.3.2.2 Elastic Bandage Rolls
- 5.3.2.3 Triangular Bandages
- 5.3.2.4 Orthopedic Bandages
- 5.3.2.5 Elastic Plaster Bandages
- 5.3.2.6 Other Bandages
- 5.3.3 Adhesive Tapes
- 5.3.4 Protectives
- 5.3.5 Other Secondary Dressing
- 5.4 Other Dressing
- Chapter 6. Wound dressing Market Assessment by End-Use
- 6.1 Introduction
- 6.2 Hospitals
- 6.3 Specialty Clinics
- 6.4 Home Healthcare
- 6.5 Ambulatory Centers
- 6.6 Other End-Uses
- Chapter 7. Wound dressing Market Assessment by Application
- 7.1 Introduction
- 7.2 Diabetes based surgeries
- 7.3 Cardiovascular Diseases (CVD) based surgeries
- 7.4 Ulcers Surgeries
- 7.5 Burns Surgeries
- 7.6 Transplant Surgeries
- 7.7 Other Applications
- Chapter 8. Wound dressing Market Assessment by Geography
- 8.1 Introduction
- 8.2 Wound dressing Market – North America
- 8.3 Wound dressing Market – Europe
- 8.4 Wound dressing Market – Asia Pacific
- 8.5 Wound dressing Market – Latin America
- 8.6 Wound dressing Market – Middle East & Africa
- Chapter 9. Competitive Landscape
- 9.1 Expansion and Acquisition Are the Best Adopted Strategy by the Companies
- 9.2 Product Launch
- 9.3 Partnerships/Collaborations/Agreements/Exhibitions
- Chapter 10. The Company Profiles
- 10.1 Acelity
- 10.1.1 Business Overview
- 10.1.2 Financial Snapshot
- 10.1.3 Products and Services
- 10.2 Medline Industries, Inc
- 10.2.1 Business Overview
- 10.2.2 Financial Snapshot
- 10.2.3 Products and Services
- 10.2.4 Recent Developments
- 10.3 Smith & Nephew
- 10.3.1 Business Overview
- 10.3.2 Financial Snapshot
- 10.3.3 Products and Services
- 10.3.4 Recent Developments
- 10.4 Integra Lifesciences
- 10.4.1 Business Overview
- 10.4.2 Financial Snapshot
- 10.4.3 Products and Services
- 10.4.4 Recent Developments
- 10.5 Paul Hartmann AG
- 10.5.1 Business Overview
- 10.5.2 Financial Snapshot
- 10.5.3 Products and Services
- 10.5.4 Recent Developments
- 10.6 Medtronic
- 10.6.1 Business Overview
- 10.6.2 Financial Snapshot
- 10.6.3 Products and Services
- 10.6.4 Recent Developments
- 10.7 Advancis Medical
- 10.7.1 Business Overview
- 10.7.2 Financial Snapshot
- 10.7.3 Products and Services
- 10.8 Alliqua Biomedical, Inc.
- 10.8.1 Business Overview
- 10.8.2 Financial Snapshot
- 10.8.3 Products and Services
- 10.8.4 Recent Developments
- 10.9 3M
- 10.9.1 Business Overview
- 10.9.2 Financial Snapshot
- 10.9.3 Products and Services
- 10.9.4 Recent Developments
- 10.10 Mölnlycke Health Care AB
- 10.10.1 Business Overview
- 10.10.2 Financial Snapshot
- 10.10.3 Products and Services
- 10.11 ConvaTec
- 10.11.1 Business Overview
- 10.11.2 Financial Snapshot
- 10.11.3 Products and Services
- 10.11.4 Recent Developments
- 10.12 Coloplast
- 10.12.1 Business Overview
- 10.12.2 Financial Snapshot
- 10.12.3 Products and Services
- 10.12.4 Recent Developments
- Chapter 11. Analyst Recommendation
- 11.1 Analyst Recommendation
Research Assistance
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