Wound Dressing Market Size, Share & Trends Analysis Report By Product (Traditional Dressing, Advanced Dressing), By Application (Chronic Wounds, Acute Wounds), By End-use, By Region, And Segment Forecasts, 2024 - 2030
Wound Dressing Market Growth & Trends
The global wound dressing market size is estimated to reach USD 18.86 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to grow at a CAGR of 4.16% from 2024 to 2030. An increasing number of people suffering from chronic wounds, a rise in technologically advanced dressing, and rising cases of traumatic accidents are expected to be the key driving factors for the market.
The number of people suffering from diabetic foot ulcers is increasing, due to a rise in chronic disorders like diabetes. For instance, as per the International Diabetes Federation (IDF), an estimated population of 61 million people aged between 20-79 years living in Europe were suffering from diabetes. Similarly, according to the National Center for Biotechnology Information (NCBI), the incidence rate of diabetes foot ulcers globally is between 9.1 million to 26.1 million annually. Thus, the rise in diabetes & diabetic foot ulcer patients is increasing the demand for wound dressing products.
Moreover, there has been a global increase in the number of traumatic accidents such as burns, gunshots, and road accidents. For instance, according to statistics by the World Health Organization (WHO) in October 2023, approximately 11 million burn cases occurred worldwide, which led to 180,000 deaths globally. Similarly, as per NCBI, every day, more than 30,000 burn cases are registered globally. Therefore, the rising global number of burn cases is anticipated to impel the market over the forecast period.
Wound Dressing Market Report Highlights
Based on product, the advanced dressing segment dominated the market in 2023. This can be attributed to globally rising cases of traumatic accidents
Based on application, the chronic wounds segment dominated the market in 2023
Based on end-use, the hospital segment dominated the market in 2023. This can be credited to rising surgical procedures and an increasing number of hospitals
North America dominated the market in 2023. This dominance can be accredited to well-developed healthcare infrastructure, increasing awareness, and the presence of major key players in the region
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Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.1.1. Product
1.1.2. Application
1.1.3. End-use
1.1.4. Regional scope
1.1.5. Estimates and forecast timeline
1.2. Research Methodology
1.3. Information Procurement
1.3.1. Purchased database
1.3.2. GVR’s internal database
1.3.3. Secondary sources
1.3.4. Primary research
1.3.5. Details of primary research
1.3.5.1. Data for primary interviews in North America
1.3.5.2. Data for primary interviews in Europe
1.3.5.3. Data for primary interviews in Asia Pacific
1.3.5.4. Data for primary interviews in Latin America