Global Advanced Wound Dressings Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Advanced Wound Dressings Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Advanced Wound Dressings market finds that the global Advanced Wound Dressings market reached a value of USD 4261.45 million in 2022. It’s expected that the market will achieve USD 6554.23 million by 2028, exhibiting a CAGR of 7.44% during the forecast period.

Market Opportunities and Drivers

High Performance and Downstream Application

When the wound to deal with is that a doctor can use all sorts of dressings, bandages and other tools. The advanced wound care dressings than gauze and other traditional methods will have more benefits. Because it has faster healing time, less infection risk, such as sleeping dressing, main is mainly designed for granular or necrotic wounds, when dealing with extra dry the wound site is usually preferred. These unique dressings have gel-forming materials that can form an air-tight bond with the skin. It is this seal that leads to several key advantages of hydrocolloids. First, the dressings barely penetrate the bacteria, helping to prevent any new strains from invading. Hydrogels are used not only for painful, dry wounds and lesions, but also for low-degree burns, radiative skin lesions, severe abrasions, and partial or full-thickness lesions. Hydrogels work on many different types of wounds because they help hydrate wounds and prevent infection from spreading. The hydrogel lasts three to four days, and it's easy to know when you need to repair a wound. A large amount of fluid near the wound area may indicate excessive hydration. There are also collagen dressings that are relatively expensive. There are many types available to buyers, depending on the extent and nature of the wound, and good performance is one of the market drivers.

Increased risk of diabetes and emerging country

With an estimated 422 million diabetics worldwide, rising rates of type I and type II diabetes will also drive demand for advanced wound dressing products, as diabetes over time can lead to diabetic foot ulcers. A review of randomized controlled clinical trials of chronic wounds has shown that the use of advanced wound dressings improves moist wound healing compared to gauze or traditional wound care products. In terms of market, China is expected to become an emerging and large downstream market. Among the number of diabetes patients in the world, the number of Chinese adult diabetes patients is as high as 114 million, ranking the first in the world, accounting for more than 1/4 of the total.

Region Overview:

From 2023-2028, North America is estimated to witness robust growth prospects.

Company Overview:

The top three companies are Smith & Nephew, Molnlycke Health Care and 3M Health Care with the revenue market share of 15.00%, 11.42% and 9.22% in 2018.

Smith & Nephew is a leading portfolio medical technology company.

Since 1856, when their founder T.J. Smith developed a new method for refining cod liver oil, and in World War One when his nephew led the supply of wound care products, to the present day, Smith & Nephew continues to pioneer health solutions.
Through their market leadership positions in Sports Medicine, Orthopaedic Reconstruction and Advanced Wound Management, their 16,000 employees continue to improve outcomes and expand access.

Molnlycke Health Care

A world-leading medical solutions company
They design and supply medical solutions to enhance performance in healthcare – from the hospital to the home.
Around the world, healthcare systems and professionals are under pressure to deliver better care, to more people, for better value.

Segmentation Overview:

Among different product types, Foam segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Surgical Wounds segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Advanced Wound Dressings market covered in Chapter 3:

ColoplastA/S
Urgo Medical
Molnlycke Health Care
DeRoyal Industries
Smith & Nephew
BSN Medical
Acelity
Hollister
Medline Industries
Hartmann Group
B.Braun
Advanced Medical Solutions Group
ConvaTec
3M Health Care
Lohmann& Rauscher

In Chapter 4 and Chapter 14.2, on the basis of types, the Advanced Wound Dressings market from 2018 to 2029 is primarily split into:

Foam
Hydrocolloids
Alginates
Transparent Film
Hydrofiber
Hydrogels
Collagen

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Advanced Wound Dressings market from 2018 to 2029 covers:

Acute Wounds
Chronic Wounds
Surgical Wounds

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)