Hydrogel Dressing Market
Growth Factors of Hydrogel Dressing Market
The hydrogel dressing market size was valued at USD 680.1 million in 2023, and the market is now projected to grow from USD 712.9 million in 2024 to USD 1145.0 million by 2032, exhibiting a CAGR of 6.1% during the forecast period of 2024-2032.
Pandemic has negatively impacted the hydrogel dressings market growth, with some players reporting declining revenues due to reduced call for and income. The closure of wound care facilities in countries like the U.S., U.K., and India halted patient visits. However, key players' product revenues increased in 2021 and 2022 due to increased patient visits and hydrogel dressing adoption.
The rise in chronic wounds, along with diabetic foot ulcers and pressure ulcers, is anticipated to growth the wide variety of sufferers requiring treatment and power the adoption of wound care merchandise. The upward push in acute wounds, including surgical wounds and burns, is also anticipated to boost call for hydrogel wound dressings. Surgical wounds are a massive challenge in healthcare, with surgical website online infections contributing to 75.0% of cases international. This has put a tremendous financial burden at the healthcare corporation, leading to the release of advanced products and fostering worldwide market growth.
Hydrogel products are being evolved for clinical applications, with groups making an investment closely in R&D and medical trials. Remedor Biomed Ltd. Is undertaking trials on a hydrogel containing erythropoietin for diabetic foot ulcers. Other peptides are being explored for wound healing properties. The rigorous clinical research to commercialize these hydrogel dressings are predicted to enhance international market growth. Advanced technology like three-D printing and nanotechnology are also getting used to broaden advanced hydrogel dressings with more desirable properties and functionalities, further boosting market boom.
Comprehensive Analysis of Hydrogel Dressing Market
The global market for hydrogel dressings includes amorphous, impregnated, and sheet dressings. Amorphous dressings dominate due to their efficient wound healing properties. The impregnated dressings section is expected to grow reasonably because of increasing call for. Sheet dressings, designed to soak up moisture from wounds, are anticipated to broaden due to growing recognition of wound care. The market is classified into herbal, synthetic, and semi-artificial materials. Synthetic dressings are favored due to their capacity to create a correct wound recuperation environment. The marketplace is split into diabetic foot ulcer, strain ulcer, venous led ulcer, burn injuries/wounds, and others. The main phase is hospitals and clinics because of excessive demand for hydrogel dressings. Homecare settings are anticipated to develop fastest because of the upward push in geriatric sufferers and the preference shift from sanatorium to home care settings.
The North America region lead the hydrogel dressing market share by benefitting a market size of USD 276.0 billion in 2023 due to the increasing prevalence of chronic wounds in the US and increased healthcare expenditure. The US government spends around $20 billion annually on treating chronic wounds. Advanced product launches are expected to boost growth.
The worldwide hydrogel dressing marketplace is semi-consolidated, with key gamers like 3M, Smith and Nephew, ConvaTec Group, and Coloplast A/S dominating. 3M's sturdy presence in over ninety nations has led to large revenue era. Smith and Nephew's leading position is due to higher demand for INTRASITE gel and SOLOSITE gel merchandise. Growing partnerships among enterprise players are predicted to aid penetration in growing nations, fostering marketplace increase. Key corporations consist of Coloplast A/S, 3M, BSN Medical, Integra LifeScience Corporation, B. Braun Melsungen AG, and ConvaTec Group.
Lavior Pharma Inc. Released its diabetic hydrogel wound dressing and diabetic first aid gel plant-primarily based creams at Walmart within the U.S. In December 2023.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 6.1% from 2024-2032
Unit Value (USD million)
Segmentation By Product
- Amorphous
- Impregnated Dressings
- Sheet Dressings
By Material
- Natural
- Synthetic
- Semi-synthetic
By Application
- Diabetic Foot Ulcer
- Pressure Ulcer
- Venous Leg Ulcer
- Burn Wounds
- Others
By End-user
- Hospitals & Clinics
- Homecare Settings
- Others
By Region
- North America (By Product, By Material, By Application, By End-user, and by Country)
- U.S. (By Product)
- Canada (By Product)
- Europe (By Product, By Material, By Application, By End-user, and By Country/Sub-Region)
- U.K. (By Product)
- Germany (By Product)
- France (By Product)
- Italy (By Product)
- Spain (By Product)
- Scandinavia (By Product)
- Rest of Europe (By Product)
- Asia Pacific (By Product, By Material, By Application, By End-user, and By Country/Sub-Region)
- China (By Product)
- Japan (By Product)
- India (By Product)
- Australia (By Product)
- Southeast Asia (By Product)
- Rest of Asia Pacific (By Product)
- Latin America (By Product, By Material, By Application, By End-user, By Country/Sub-Region)
- Brazil (By Product)
- Mexico (By Product)
- Rest of Latin America (By Product)
- Middle East & Africa (By Product, By Material, By Application, By End-user, By Country/Sub-Region)
- GCC (By Product)
- South Africa (By Product)
- Rest of Middle East & Africa (By Product)