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

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

Foam dressing is a high-end wound care product processed from polyurethane as the main material. With the deepening of human understanding of wound healing, the continuous improvement of the theory of wound wet healing and the product of modern polymer materials. A primary feature of foam dressings is that they help maintain a moist wound environment.

Market Overview:

The latest research study on the global Foam Dressing market finds that the global Foam Dressing market reached a value of USD 931.63 million in 2022. It’s expected that the market will achieve USD 1552.99 million by 2028, exhibiting a CAGR of 8.89% during the forecast period.

Supply chain and production stagnation

Due to the COVID-19 outbreak, many factories have been closed. The production of foam dressings is also affected. The supply chain and downstream application industries have been affected by the epidemic, and production has stagnated, which has also adversely affected the development of the foam dressing industry. Although COVID-19 currently has a long-term possibility, its subsequent impact depends on the development of the epidemic and related measures taken by the government.

Insufficient raw materials, high cost

Due to the impact of COVID-19, market transportation has been restricted and trade liquidity has weakened, resulting in a large shortage of polyurethane spot. At the beginning of the epidemic, the market inventory was not high, the overall supply was tight, and prices rose in various places. With the epidemic under control, the demand for disinfection gradually returned to calm, and most downstream users turned to consume inventory. Due to insufficient raw materials, prices will rise. On the whole, the current foam dressing market is in short supply and the cost is high, and manufacturers are reluctant to conduct low-price transactions. Despite sluggish demand, overall trading downside is relatively limited.

Growing prevalence of chronic and Surgical wounds

The aging of the global population, the increasing prevalence of diabetic ulcers and varicose ulcers, and the sharp increase in obese patients are the main reasons for the rapid growth of the foam dressing market. The elderly are the most important user group of medical products and services. They are also the most prone to chronic wounds such as difficult-to-heal leg ulcers, diabetic feet and bedsores (pressure sores). Therefore, the elderly are the largest users of foam dressing products. Group, from the number of elderly people can measure the future capacity of the foam dressing market. Obesity brings a high incidence of chronic diseases, including type 2 diabetes, heart disease and cancer, which will lead to a large consumption of medical care resources.

Scale and cost barriers

Large-scale production can bring significant cost leadership advantages for enterprises, and form industry barriers in various links: In the procurement process, large-scale raw material purchases can help enterprises reduce procurement costs and reduce the impact of price fluctuations on performance; Links, large-scale production makes automated production equipment more effective, easier to cultivate the proficiency and professionalism of production workers, and production efficiency is improved; in the sales link, stable product quality and leading market position make the company and Customers are interdependent and have certain bargaining power. Therefore, these factors may limit the development of the foam dressing market.

Region Overview:

From 2022-2027, North America is estimated to witness robust growth prospects.

Company Overview:

ConvaTec is one of the major players operating in the Foam Dressing market, holding a share of 9.88% in 2022.

ConvaTec

ConvaTec is a global medical products and technologies company focused on therapies for the management of chronic conditions, with leading market positions in advanced wound care, ostomy care, continence and critical care, and infusion devices.

Smith & Nephew

Smith & Nephew plc, also known as Smith+Nephew, is a British multinational medical equipment manufacturing company headquartered in Watford, England. It is an international producer of advanced wound management products, arthroscopy products, trauma and clinical therapy products, and orthopedic reconstruction products.

Segmentation Overview:

Among different product types, Medium Pore Size Foam Dressings segment is anticipated to contribute the largest market share in 2027.

Small Pore Size Foam Dressings

The smaller pore size imparts higher moisture retention. The small aperture can give the dressing a signature feel. And it feels super soft and satin smooth. The top layer material on the foam dressing can transmit moisture while preventing moisture penetration. The small pores reduce the chance of tissue migration into the foam dressing. Highly fit where it is difficult to dress.

Medium Pore Size Foam Dressings

Medium Pore Size Foam Dressings have good capillary action. Its unique negative pressure drainage effect can ensure complete contact with the wound surface, rapid drainage, and vertical absorption, tightly locking the exudate in the fixed area, and will not soak the surrounding skin.

Large Pore Size Foam Dressings

Large Pore Size Foam Dressings can increase the water exchange between the wound and the dressing, which is particularly important for the healing of ulcers. A larger pore size increases the strain on the wound surface, tissue growth and shrinking cell transformation. Large Pore Size Foam Dressings support the healing of deep wounds that ooze a lot of exudate.

Application Overview:

By application, the Chronic Wounds segment occupied the biggest share from 2017 to 2022.

Acute Wounds

Acute wounds can heal in a limited time, usually do not show any complications, and are characterized by a sudden loss of skin integrity (injury). Foam dressing can alleviate the pain of the patient, pressurize to stop bleeding or venous stasis, fix the injured body part, protect the wound and surrounding tissues, and promote wound healing.

Postoperative Wounds

The foam dressing is suitable and easy to use for surgical wounds, cuts and abrasions. It is designed to softly shape the skin without sticking to wet wounds. The foam dressing has strong water absorption and can reduce the number of dressing changes.

Chronic Wounds

The most common chronic wounds are chronic leg venous ulcers, diabetic ulcers and bedsores. These wounds can cause a major loss of quality of life and a lot of medical expenses. Foam dressing is a chronic wound treatment technique in which negative pressure is applied to the wound bed through a closed polyurethane foam or gauze. Foam dressings are an active way to treat exudate and close wounds.

Key Companies in the global Foam Dressing market covered in Chapter 3:

Coloplast
Mölnlycke Health Care
Cardinal Health
3M
Paul Hartmann
Lohmann & Rauscher
Medline Industries
integra lifesciences
Hollister
Winner Medical
ConvaTec
Medtronic
Smith & Nephew
B.Braun

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

Small Pore Size Foam Dressings
Medium Pore Size Foam Dressings
Large Pore Size Foam Dressings

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Foam Dressing market from 2018 to 2029 covers:

Acute Wounds
Postoperative Wounds
Chronic 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)