Moist Wound Dressings Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Moist Wound Dressings Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The moist wound dressings market studied was anticipated to grow with a CAGR of nearly 5.9%, during the forecast period. The major factors attributing to the growth of the market are a rise in the global prevalence of various types of ulcers such as diabetic ulcers, arterial ulcers, and other ulcers, post-operative surgical wounds, accidents, physical damages due to unintentional falls among geriatric population. For instance, according to the Accident and Emergency (A&E) statistics for the year 2019, England has registered with the largest number of accident cases with over 3 million injuries indicating the higher demand for effective and quicker wound healing is expected to drive the growth of the global market. Furthermore, there are few more factors that play a pivotal role in taking the market to the next level such as an increase in awareness programs, a rise in the adoption of silver and other combination dressings with increased preference for novel therapies such as electromagnetic therapy, nanotechnology boosting the market growth.

Key Market TrendsFoam Dressings are Expected to Hold the Largest Market Share in the Moist Wound Dressings Market

Foam dressings are expected to dominate the market throughout the forecast period due to a huge rise in adoption owing to their non-adhesive nature which helps in easier removal, enhanced comfort, simplicity, and the healing benefits along with rapid wound healing ability.

Furthermore, the huge demand of these patches can be attributed to their application rise in burn injuries, diabetes, stage II-IV pressure ulcers, surgical wounds, dermal ulcers and post-operative infections due to their antimicrobial nature enhancing the safety along with quick healing which is likely to fuel the growth of global moist wound dressings market revenue during the forecast period.

North America Dominates the Market and Expected to do Same in the Forecast Period.

North America is expected to dominate the overall moist wound dressings market throughout the forecast period. The dominance is due to the rise in the prevalence of diabetes, burns, surgeries resultant rising cases of Surgical Site Infection (SSI) in the United States necessitating effective management of these wounds. For instance, according to the Centers for Disease Control and Prevention survey report published in January 2020, SSI is the highest expensive healthcare-associated infection (HAI) type in the US, which accounted for an estimated annual cost of about USD 3.3 billion and affects more than 1 million additional inpatient-days annually which is expected to further drive the product demand in near future. Also, several factors such as rise in diabetic foot ulcers, venous leg ulcers which require faster healing of the wound along with increased awareness among the patients may favor the market in this region contributing for its outstanding global market share during the forecast period

Competitive Landscape

The moist wound dressings market is moderately competitive and consists of several major players. Few of the major players currently dominating the market are making acquisitions with the other companies to consolidate their market positions across the globe and while others are launching new products with advanced technologies to enhance the safety and quicker healing of wounds. For instance, in October 2019, 3M acquired Acelity Inc, a global med-tech company focused on advanced wound care products marketed under the KCI brand and expanded their medical and surgical wound care solutions which is expected to have a positive impact on the overall market growth. Some of the companies which are currently dominating the market are Fleming Medical Ltd, Smith & Nephew plc, Essity AB, DermaRite Industries LLC, and AMERX Health Care Corporation

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

Fleming Medical Ltd
Smith & Nephew plc
Essity AB
DermaRite Industries LLC
AMERX Health Care Corporation
ConvaTec Inc
Molnlycke Health Care AB
3M
Integra Lifesciences
Coloplast Corp

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