Global Advanced Wound Dressing Market By Product (Hydrocolloid Dressings, Foam Dressings, and Other Advanced Dressings), By Application (Acute Wounds and Chronic Wounds), By End-Use (Hospitals, Home Healthcare, Specialty Clinics, and Other End-Uses), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Advanced Wound Dressing Market Overview:

The global Advanced Wound Dressing market was valued at USD 9,352.4 million in 2021. This number will increase at a CAGR of 5.5% between 2023-2032.

Technological advancements, a growing number of surgical procedures, as well as the increasing prevalence of chronic wounds worldwide, are driving the increasing demand for advanced dressings.

Advanced wound dressings are needed because of the increasing prevalence of chronic diseases such as cancer, diabetes, and other auto-immune diseases.

Global Advanced Wound Dressing Market Analysis

Product Analysis

In 2021, foam dressings were the dominant market segment with the highest revenue share for advanced wound dressing. Over the forecast period, this segment will experience a substantial growth rate. Foam dressings are made of hydrophilic polyurethane, a highly absorbent substance.

Foam dressings absorb water and help maintain the tissue’s integrity. Segment growth will be driven by increasing trauma cases and burns in America. The highest number of complications from infection has been reported in burn patients, according to the American Burn Association (ABA).

Foams are mainly used to treat and prevent exudation from burn injuries. Therefore, the segment growth is expected to increase over the forecast period.

The fastest-growing segment in hydrocolloid dressings is expected to be over the forecast period. Hydrocolloid dressings include gel-forming agents such as Carboxy Methylcellulose(CMC) and Gelatin. These materials are water-retentive and occlusive by nature.

These advanced dressings can be used to speed up healing times and are resistant to any type of bacterial infection. This dressing protects the wound from both internal and external factors. Over the forecast period, the segment is expected to grow due to the increasing incidence of diabetes in the world.

Application Analysis

In 2021, the market for advanced wound treatment was dominated by the acute wound segment which accounted for a significant revenue share of the market. The forecast shows a substantial growth rate for this segment. Acute wounds can include both surgical and traumatic injuries, as well as burns.

In 2021, the most significant share was held by the surgical and trauma wounds segment due to rising cases of trauma in the U.S. Because of the increasing incidence of burn injuries, it is likely that the burns segment will experience the fastest growth over the forecast period.

The segment of chronic wounds will see a substantial growth rate during the forecast period. The main drivers of the segment growth are diabetes and increasing numbers of chronic diseases like diabetes.

End-Use Analysis

The hospital segment was the dominant market for advanced wound treatment and held a high revenue share in 2021. The main drivers of growth are the rising incidences of diabetic leg ulcers and venous ulcers. The segment is also being driven by an increase in the number of surgical wounds. For healing SSI injuries, advanced wound dressings are used. These factors could increase segment growth in the future.

Homecare will see the greatest growth in the future. The majority of surgeries require a long recovery period that requires frequent dressing changes. The demand for advanced wound treatment products in at-home healthcare is growing. Homecare is preferred by patients with chronic wounds, as well as the elderly and bariatric populations.

Key Market Segments

By Product

• Hydrocolloid Dressings
• Foam Dressings
• Alginate Dressings
• Film Dressings
• Other Advanced Dressings

By Application

• Acute Wounds
• Chronic Wounds

By End-Use

• Hospitals
• Home Healthcare
• Specialty Clinics
• Other End-Uses

Market Dynamics

Cancer is a leading cause of death, making it a huge healthcare problem. According to WHO estimates, cancer is the leading cause worldwide of death and can be attributed almost to every 6 deaths. The WHO also reported that 75% of cancer-related deaths are usually in low-income countries.

Cancer Organization estimates that cancer was the second leading cause of death in 2021 and there were approximately 1,756,428 cases of cancer in the United States. A total of nearly 5,312 cases of cancer are being diagnosed in America each day.

The number of surgeries performed has increased due to the growing prevalence of chronic diseases. In order to prevent surgical site infection, wound care products have been increasingly used. Many surgical wounds after cancer surgery are large and deep.

This causes exudates to build up that must be treated regularly. Hydrogel, alginate, and foam are excellent options for managing large wounds. This greatly reduces the risk of infection. The market is expected to grow because of the increasing prevalence of chronic diseases.

Home-care services are experiencing a rapid rise in demand. This will be a significant driver of the market for advanced wound treatment. Due to the growing number of geriatrics, home healthcare services will be promoted as more people with a geriatric background are likely to access them.

Regional Analysis

North America held the lead in advanced wound dressing markets and was responsible for 44% of the total revenue in 2021. This region is projected to experience a 5.8% CAGR over the forecast period.

Advanced wound dressing is expected to grow in the region due to increased road accidents, sports injuries, and the presence of key players. Over the forecast period, the market is expected to be driven by skilled professionals and a well-developed healthcare infrastructure.

The Asia Pacific will see the fastest growth in the market for advanced wound treatment over the forecast period. The growth of this market will be boosted by the presence of emerging countries like China and India.

Key Regions and Countries covered іn thе rероrt:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share & Key Players Analysis:

Strategies such as mergers and purchases, partnerships, and the launch of new products are all key components to ensuring that they have a strong foothold on the market for advanced wound treatment. 3M, for example, acquired Acelity Inc. in May 2019.

This acquisition was done to improve its wound management products and increase its customer base. In order to produce high-tech products, major players are investing heavily in research and development.

Маrkеt Кеу Рlауеrѕ:

• The 3M Company
• Convatec Group Plc
• Smith & Nephew Plc
• Coloplast Corp.
• Baxter International Inc.
• Derma Sciences Inc.
• Medtronic Plc
• Medline Industries Inc.
• Other Key Players

For the Advanced Wound Dressings Market research study, the following years have been considered to estimate the market size: