Film Dressing Market Size, Share & Trends Analysis By Application (Acute Wounds, Chronic Wounds), By End-use (Hospitals, Specialty Clinics), By Region, And Segment Forecasts, 2022 - 2030

Film Dressing Market Size, Share & Trends Analysis By Application (Acute Wounds, Chronic Wounds), By End-use (Hospitals, Specialty Clinics), By Region, And Segment Forecasts, 2022 - 2030

Film Dressing Market Growth & Trends

The global film dressing market size is anticipated to reach USD 2,165.41 million by 2030, registering a CAGR of 4.54% during the forecast period, according to a new report by Grand View Research, Inc. The film dressing market growth can be accredited to the rising prevalence of chronic wounds, globally. People with diabetic foot ulcers are becoming more common, due to the rise in the population of those with chronic illnesses such as diabetes.

For instance, the International Diabetes Federation estimates that 61 million people in Europe between the age of 20 and 79 have diabetes. The incidence rate of diabetic foot ulcers, according to NCBI, ranges from 9.1 million to 26.1 million per year worldwide. Thus, the rise in diabetes and diabetic foot ulcer patients is driving the film dressing market during the forecast period.

Additionally, the number of traumatic events such as burns, gunshot wounds, and car accidents has increased, globally. For instance, as per the WHO estimates there are 11.0 million burn cases, worldwide, resulting in 180,000 fatalities every year. Similar to this, more than 30,000 burn cases are reported daily, worldwide, according to NCBI. Therefore, it is projected that the film dressings market would be driven by the rising number of burn cases, worldwide, during the forecast period.

Additionally, the post-pandemic market is anticipated to see growth in the film dressing business. This is due to an increase in surgical procedures following COVID-19. Market participants are also forming a variety of strategic alliances, including partnerships, mergers, acquisitions, product launches, and geographic growth. For instance, Molnlycke Health Care AB introduced a new distribution center in the UK in December 2020. It was a calculated strategic decision to improve their supply chain and extend the reach of the product to people of the UK. Therefore, as a result of the above-mentioned factors, the film dressing market is anticipated to propel throughout the forecast period.

Film Dressing Market Report Highlights

• The chronic wounds segment dominated the application segment in 2021 with a market share of 59.93% due to the growing number of chronic wounds, and elderly population
• Hospitals dominated the end-use segment with a market share of 45.28% in 2021, whereas, the home healthcare segment is projected to grow at a CAGR of 5.21% during the forecast period
• North America dominated the regional segment with a market share of 45.43% in 2021, due to the availability of favorable reimbursement policies, and large market players
• Asia Pacific is expected to be the fastest-growing regional segment, due to the presence of a large patient population