Biomaterial Wound Dressing Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Biomaterial Wound Dressing market is segmented by Product (Hydrocolloids, Alginate Dressing, Skin Substitutes, Others), Application and Geography.

Market Snapshot

CAGR
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 11.2 %

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Market Overview

The Biomaterial Wound Dressing market is driven by advancements in technology, a growing aging population, the rising burden of chronic wounds and problems, and associated with conventional wound healing procedures. Furthermore, an increase in government initiatives, demand for a fast and safe treatment for chronic wounds, an increase in the prevalence of lifestyle disorders such as diabetes leading to venous leg ulcers, pressure ulcers, and diabetic foot ulcers propels the growth of the market. According to the International Diabetes Federation 2019, approximately 463 million adults (20-79 years) were living with diabetes; by 2045 this will rise to 700 million. The proportion of people with type 2 diabetes is increasing in most countries. However, the high cost of treatment and unfavorable reimbursement policies are the few factors that hinder the market growth.

Scope of the Report

As per the scope of the report, the wound is a disruption of skin epithelial lining or mucosa which results in thermal or physical damage. Any biomaterial wound dressing is a substance that has been engineered to interact with biological systems for controlling and healing infections

By Product
Hydrocolloids
Alginate Dressing
Skin Substitutes
Others
By Application
Wounds
Burns
Ulcers
Others
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Alginate Dressing is Anticipated Have Significant Share in the forecast Period

  • Alginate dressing refers to the natural wound dressings that are composed of highly absorbent materials and promote healing. These are widely used in exudnent wounds, where there is excess fluid.
  • Alginate dressing is usually made from seed wood thus, highly absorbent and provides a moist wound environment that is favorable in treating dry injuries.
  • Furthermore, alginate dressing is suitable to treat bleeding wounds and keep nerve endings moist reducing pain. This makes them more preferable in treating heavily draining wounds, surgical wounds, first and second-degree burns, and in donor sites, this is likely to fuel the segment growth over the forecast period.
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North America Expected to have Significant Market Share in the Forecast Period

  • North America's biomaterial wound dressing market is projected to have significant market share worldwide. Major factors that are driving the market in the region are rapidly growing aging population, a high number of diabetic population, and the developed healthcare system, which adapts to the novel innovations.​
  • The statistics show that around 30.3 million people in the United States were suffering from diabetes in 2017, and subsequently, the number is increasing. The International Diabetes Federation has stated that in the whole North American region, the number of people suffering from diabetes by the year 2045 may reach up to 62 million.​
  • Moreover, the presence of key market players coupled with their activity in the launching of new products and R&D are expected to bolster the market growth in the region.
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Competitive Landscape

The biomaterial wound dressing market is moderately fragmented and competitive. The major market players, such as 3M, Convatec, Mölnlycke Health Care, Smith and Nephew, and B. Braun Melsungen AG, hold a significant market share in the industry. Most of the market players are focusing on bringing advanced products in the market to acquire the maximum market share.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Growing Burden of Chronic Wounds and Associated Diseases

      2. 4.2.2 Government Initiatives Regarding Wound Care Treatment

    3. 4.3 Market Restraints

      1. 4.3.1 Lack of Proper Reimbursement

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product

      1. 5.1.1 Hydrocolloids

      2. 5.1.2 Alginate Dressing

      3. 5.1.3 Skin Substitutes

      4. 5.1.4 Others

    2. 5.2 By Application

      1. 5.2.1 Wounds

      2. 5.2.2 Burns

      3. 5.2.3 Ulcers

      4. 5.2.4 Others

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 South Korea

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 Middle-East and Africa

        1. 5.3.4.1 GCC

        2. 5.3.4.2 South Africa

        3. 5.3.4.3 Rest of Middle-East and Africa

      5. 5.3.5 South America

        1. 5.3.5.1 Brazil

        2. 5.3.5.2 Argentina

        3. 5.3.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 3M Company

      2. 6.1.2 ConvaTec Group PLC

      3. 6.1.3 DermaRite Industries LLC

      4. 6.1.4 B. Braun Melsungen AG

      5. 6.1.5 Hollister Incorporated

      6. 6.1.6 Integra LifeSciences Holdings Corporation

      7. 6.1.7 Johnson & Johnson

      8. 6.1.8 Medtronic PLC

      9. 6.1.9 Molnlycke Health Care AB

      10. 6.1.10 Smith & Nephew PLC

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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Frequently Asked Questions

The Biomaterial Wound Dressing Market market is studied from 2018 - 2026.

The Biomaterial Wound Dressing Market is growing at a CAGR of 11.2% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

3M Company, ConvaTec Group PLC, Smith & Nephew PLC, Mölnlycke Health Care AB, B. Braun Melsungen AG are the major companies operating in Biomaterial Wound Dressing Market .

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