Moist Wound Dressings Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Moist Wound Dressings Market Analysis

The Moist Wound Dressings Market size is estimated at USD 4.80 billion in 2024, and is expected to reach USD 6.20 billion by 2029, growing at a CAGR of 5.30% during the forecast period (2024-2029).

The outbreak of the pandemic adversely impacted the market. During the lockdown, the market witnessed a slight adverse impact, primarily due to reduced clinical or hospital visits. Most wound care centers across hospitals were closed during the pandemic as priority was given to COVID patients only unless an emergency arose for other conditions. For instance, per the NCBI study published in April 2021, patients with chronic wounds were treated in virtually every healthcare setting. The same source also stated that in response to the pandemic, some hospitals closed their wound centers because they have misclassified the service as nonessential or they have limited visitors and outpatients from entering the hospital premises. Thus, market growth was hindered during this period. However, as countries started using vaccination programs to control COVID-19, the normal working of clinics and hospitals was seen, contributing to the market's growth. Thus, with the resumption of wound care centers and wound care services in hospitals and clinics, the market has started to gain traction and is expected to continue the upward trend over the forecast period.

The growing incidence of chronic and acute wounds, rising cases of chronic diseases, accidents, and burns, and rising awareness and adoption of advanced wound care products are the major drivers for the market. For instance, as per the 2021 update from the International Diabetic Federation (IDF), approximately 537.0 million adults (20-79 years) were living with diabetes. The total number of people living with diabetes is projected to rise to 643.0 million by 2030 and 783.0 million by 2045. Moreover, according to the NCBI study published in August 2022, the annual incidence of diabetic foot ulcers was between 9.1 and 26.1 million worldwide in 2021. The same source also stated that approximately 15% to 25% of patients with diabetes mellitus will develop a diabetic foot ulcer during their lifetime. Moist wound dressing such as hydrocolloid dressing helps to maintain a moist wound healing environment. It promotes autolytic debridement of necrotic and sloughing tissues, thereby allowing rapid recovery of diabetic foot ulcers. Since moist wound dressings are highly preferred for diabetic foot ulcer cases, increasing cases of diabetes and diabetic foot ulcers are expected to positively impact the market growth over the forecast period.

Furthermore, according to the NCBI study published in July 2022, children experience a large proportion of burns worldwide, and treatment of pediatric burns is challenging even in the most advanced settings. The study showed that pediatric patients account for almost half of the burns worldwide (42.0%), and young children (ages 1-5 years) account for the largest proportion of pediatric burns. Hydrogel dressings are widely used to accelerate burn wound healing as they have unique properties to overcome the limitations of existing treatment methods. Hydrogel dressings are applied to cover burn wounds, and they promote epithelialization, prevent infection and mechanical trauma, keep wounds moist, and help reduce pain. Thus, increasing cases of burn wounds are expected to propel the demand for moist wound dressings, propelling the market growth. Moreover, according to the NCBI research study published in May 2022, around 1% to 2% of the general population in developed countries suffers from chronic wounds. This increase in the incidence of wounds is expected to surge the demand for moist wound dressing, thereby boosting the market growth over the forecast period.

However, highly expensive treatments and procedures will likely hinder market growth over the forecast period.

Moist Wound Dressings Market Trends

Diabetic Ulcers Segment is Expected to Hold the Largest Share Over the Forecast Period

Moist Wound Dressings Industry Segmentation

As per the report's scope, moist wound dressings treat various wounds to maintain a moist environment and release therapeutically active ingredients where the skin is removed, cut, and perforated. These patches have gained traction in recent years due to their proven efficiency in quick healing, reduced inflammation, risk of infections, and scarring during removal. These patches are made of various materials, such as foam, alginate, and hydrocolloid, which retain moisture and enhance healing. The Moist Wound Dressings Market is Segmented by Product (Foam, Alginate, Hydrocolloid, Hydrogel, and Others), Application (Burn Wounds, Pressure Ulcers, Diabetic Ulcers, Surgical Wounds, and Others), End-Use (Hospitals, Homecare, and Others), and Geography (North America, Europe, Asia-Pacific, Middle East, and Africa, and South America). The report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the value (in USD) for the above segments.