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

The Moist Wound Dressings Market is segmented by Product (Foam, Alginate, Hydrocolloid, Hydrogel, and Others), Application, End-Use and Geography

Moist Wound Dressings Market Snapshot

Moist Wound Dressings Market
Study Period: 2018 - 2026
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: >5.9 %

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Market Overview

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.

Scope of the Report

Moist wound dressings are used to treat various types of wounds to maintain the 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 effeiciency in quick healing, reduced inflammation, risk of infections, and scarring while removal. These patches are made of various types of materials such as foam, alginate, hydrocolloid which retain moisture and enhance the healing process.

By Product
Foam
Alginate
Hydrocolloid
Hydrogel
Others
By Application
Burn Wounds
Pressure Ulcer
Diabetic Ulcer
Surgical Wounds
Others
By End-Use
Hospitals
Homecare
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

Foam 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.

Moist Wound Dressings Market

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

Moist Wound Dressings Market

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

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 Increasing Geriatric Population and Rise in Prevalence of Diabetic & Pressure Ulcers, Accidents and Burns

      2. 4.2.2 New Product Launches with Advanced Technologies and Preference for Rapid Wound Healing Products

    3. 4.3 Market Restraints

      1. 4.3.1 Highly Expensive Treatment and Procedures

      2. 4.3.2 Unfavourable Reimbursement Policies

    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 Foam

      2. 5.1.2 Alginate

      3. 5.1.3 Hydrocolloid

      4. 5.1.4 Hydrogel

      5. 5.1.5 Others

    2. 5.2 By Application

      1. 5.2.1 Burn Wounds

      2. 5.2.2 Pressure Ulcer

      3. 5.2.3 Diabetic Ulcer

      4. 5.2.4 Surgical Wounds

      5. 5.2.5 Others

    3. 5.3 By End-Use

      1. 5.3.1 Hospitals

      2. 5.3.2 Homecare

      3. 5.3.3 Others

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Italy

        5. 5.4.2.5 Spain

        6. 5.4.2.6 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 South Korea

        6. 5.4.3.6 Rest of Asia-Pacific

      4. 5.4.4 Middle-East and Africa

        1. 5.4.4.1 GCC

        2. 5.4.4.2 South Africa

        3. 5.4.4.3 Rest of Middle-East and Africa

      5. 5.4.5 South America

        1. 5.4.5.1 Brazil

        2. 5.4.5.2 Argentina

        3. 5.4.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Fleming Medical Ltd

      2. 6.1.2 Smith & Nephew plc

      3. 6.1.3 Essity AB

      4. 6.1.4 DermaRite Industries LLC

      5. 6.1.5 AMERX Health Care Corporation

      6. 6.1.6 ConvaTec Inc

      7. 6.1.7 Molnlycke Health Care AB

      8. 6.1.8 3M

      9. 6.1.9 Integra Lifesciences

      10. 6.1.10 Coloplast Corp

    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 Moist Wound Dressings Market market is studied from 2018 - 2026.

The Moist Wound Dressings Market is growing at a CAGR of >5.9% over the next 5 years.

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

North America holds highest share in 2021.

Fleming Medical Ltd, Smith & Nephew plc, Essity AB, DermaRite Industries LLC, AMERX Health Care Corporation are the major companies operating in Moist Wound Dressings Market.

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