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

The Wound Dressings Market is segmented by Type (Advanced Wound Dressing and Traditional Wound Dressing), Application, and Geography

Wound Dressings Market Snapshot

Wound Dressings Market Overview
Study Period: 2018 - 2026
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 6.05 %
Wound Dressings Market Key Players

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Market Overview

The major factors for the growth of the wound dressings market include the rising incidences of chronic wounds, ulcers, and diabetic ulcers, and an increase in the volume of surgical procedures worldwide

Chronic wounds lead to complications, such as infection, ulceration, and insufficient blood supply, thus, increasing the wound healing period. The most common chronic wounds include venous ulcers, diabetic foot ulcers, and pressure ulcers. Wound dressing products and appropriate care to address the underlying defect have gained traction in recent times. Diabetes, obesity, and the late effects of radiation therapy are some of the other factors contributing to the rising incidence of chronic wounds. 

A study conducted by the Wound Healing Society (WHS), the United States, revealed that, about 8.2 million people had wounds with or without infection during 2018 in the United States. The total cost of Medicare for acute and chronic wounds was valued at about USD 21.1-96.8 billion. Thus, rising cases of wounds are expected to drive the growth of the wound dressing market over the forecast period.

Scope of the Report

As per the scope of this report, wound dressings are used to provide a therapeutic effect, which supports wound healing. Wound dressing products are used for minor injuries, as well as to treat serious problems, such as chronic and complex wounds, like burns. 

By Type
Advanced Wound Dressing
Foams
Hydrocolloids
Films
Alginates
Hydrogels
Other Advanced Wound Dressing
Traditional Wound Dressing
Bandages
Gauzes
Sponges
Abdominal pads
Other Traditional Wound Dressing
By Application
Surgical wounds
Diabetic Foot Ulcers and Others
Burns
Other Applications
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

Advanced Wound Dressing is the Segment by Type which is Expected to hold Largest Market Share over the Forecast Period

Advanced wound dressing focusses on keeping the wound hydrated to encourage healing and is generally prescribed by clinicians after a visit to the doctor or hospital. Advanced wound dressings include film, foam, hydrogel, hydrocolloid, collagen, contact layers, among others. The National Institute of Health has stated that the incidence of DFU (Diabetic Foot Ulcers) in the United States was 15% in 2018. ​

Moreover, the availability of wide range of products and the presence of key market players and R&D activities to advance the products in Advanced wound dressings are the adoption. The demand of foam dressings has grown significantly in the last few years. These dressings are specifically useful in preventing dressing-related trauma, managing exuding wounds, and reducing dressing discomfort and pain. Furthermore, the growing geriatric population, rising number of the surgical procedures and associated risk of diabetes projected to fuel the segment growth over the forecast period.

Wound Dressings Market Share

North America is Expected to Hold Largest Market Share over the Forecast Period

The United States is expected to be the largest wound dressings market owing to the presence of better healthcare infrastructure and a rising number of surgical procedures in the region. 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 high number of diabetic population in the country is indicating that there are chances of rising cases of diabetic ulcers, which are showing moderate prevalence. For instance, the National Institute of Health has stated that the incidence of DFU (Diabetic Foot Ulcers) in the United States was 15% in the year 2018. This is augmenting the demand for the wound dressing products in the country and ultimately, the Wound Dressings market is growing.

Wound Dressings Market Growth Rate By Region

Competitive Landscape

The Wound Dressings market studied is a moderately consolidated market owing to the presence of a few major market players. The market players are focusing on R&D to develop new and efficient products in the market. Some of the market players are 3M Company, ConvaTec Group PLC, DermaRite Industries LLC., DeRoyal Industries Inc., Hollister Incorporated, Integra LifeSciences Holdings Corporation, Coloplast A/S, Medtronic plc, Mölnlycke Health Care AB, and Smith & Nephew plc

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 Rising Incidences of Chronic Wounds, Ulcers and Diabetic Ulcers

      2. 4.2.2 Increase in Volume of Surgical Procedures Worldwide

    3. 4.3 Market Restraints

      1. 4.3.1 High Cost and Lack of Awareness about Advanced Wound Dressing Products

      2. 4.3.2 Inability of Traditional Wound Dressing to Treat Severe Wounds

    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 Type

      1. 5.1.1 Advanced Wound Dressing

        1. 5.1.1.1 Foams

        2. 5.1.1.2 Hydrocolloids

        3. 5.1.1.3 Films

        4. 5.1.1.4 Alginates

        5. 5.1.1.5 Hydrogels

        6. 5.1.1.6 Other Advanced Wound Dressing

      2. 5.1.2 Traditional Wound Dressing

        1. 5.1.2.1 Bandages

        2. 5.1.2.2 Gauzes

        3. 5.1.2.3 Sponges

        4. 5.1.2.4 Abdominal pads

        5. 5.1.2.5 Other Traditional Wound Dressing

    2. 5.2 By Application

      1. 5.2.1 Surgical wounds

      2. 5.2.2 Diabetic Foot Ulcers and Others

      3. 5.2.3 Burns

      4. 5.2.4 Other Applications

    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 DeRoyal Industries Inc.

      5. 6.1.5 Hollister Incorporated

      6. 6.1.6 Integra LifeSciences Holdings Corporation

      7. 6.1.7 Coloplast A/S

      8. 6.1.8 Medtronic plc

      9. 6.1.9 Mölnlycke Health Care AB

      10. 6.1.10 Smith & Nephew plc

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

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

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Frequently Asked Questions

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

The Wound Dressings Market is growing at a CAGR of 6.05% over the next 5 years.

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

North America holds highest share in 2021.

3M Company, ConvaTec Group PLC, DermaRite Industries LLC., Mölnlycke Health Care AB, Smith & Nephew plc are the major companies operating in Wound Dressings Market.

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