Wound Care Dressing Market to hit USD 14.6 Billion Globally at 4.8% CAGR By 2029

Luton, Bedfordshire, UK, September 08, 2022 (GLOBE NEWSWIRE) — The global wound care dressings market is expected to reach USD 14.6 billion at a CAGR of 4.8% during the forecast period 2022-2029.

A dressing is put on a wound to help with healing and prevent complications or infections. It can be administered by a medical expert, a patient or both. and Depending on the type, severity, and location of the wound, robes serve a variety of purposes. Dressings offer other benefits in addition to their primary function of reducing the risk of infection. Dressings are intended to come into direct contact with the wound, unlike a dressing which holds the dressing in place. Following examination of the wound by a physician or other healthcare professional, appropriate measures to promote healing and avoid infection will be taken. The many types of dressings offered will also depend on the location and size of the lesion. Increase in traffic accidents, surgical, chronic and traumatic wounds, number of elderly women undergoing caesarean sections, burn injuries and technological advancements in wound dressings are the major causes for the expansion of the market. The market is growing due to an increase in the number of dressing-type developments. Foams, hydrocolloids, hydrofibers, films, alginates, collagen, hydrogels, wound contact layers, superabsorbents and other advanced dressings are new alternatives to standard materials for dressing markets (such as honey, charcoal and gelling fiber dressings). With such revolutionary advancements, the industry should have plenty of room to grow.

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North America captures the largest market share

APAC (Asia Pacific) is expected to experience significant growth in the wound care dressings market over the next few years due to reasons such as expected increase in surgical rates, prevalence of geriatric and diabetic patients, and technological advancements in medical supplies. However, due to their robust economies, Europe will continue to dominate the wound care dressings and dressings market share market.

Recent Development:-

  • In order to expand its portfolio in the advanced and surgical wound care dressings market, 3M went ahead and acquired Acelity Inc. With respect to the advanced technology of the wound care dressings market and its manufacturer of wound healing products, Acelity Inc. is a well-known company. The acquisition of 3M will help them direct the flow of knowledge and technology toward the development of better surgical care products and solutions globally.

  • Norcross, Georgia. June 23, 2019 – Mӧlnlycke® will celebrate the breakthrough invention of Safetac® technology while focusing on continued innovations in the wound care dressing market at WOCNext 2019 taking place June 23-26 in Nashville, TN.

Wound Care Dressings Market- Competitive landscape

Due to the presence of prominent competitors in the oncology market and their wide selection of oncology pharmaceuticals, the competitive landscape in the lymphoma treatment market presents rather intense competition. Many important players in the industry include 3M Corporation, Smith & Nephew plc., Southwest Technologies Inc, Ferris Manufacturing Corp, B.Braun Melsungen AG, ConvaTec Inc, Derma Sciences Inc, Urgo Medical, BSN medical GmbH, Lohmann & Rauscher GmbH & Co. KG, Coloplast A/S , Molnlycke Health Care, ChitoTech Inc.

Report attribute

Details

Revenue forecasts in 2029

$14.6 billion

Rate of growth

CAGR of 4.8% from 2022 to 2029

The base year for the estimate

2021

Historical data

2017-2021

Forecast period

2022 – 2029

Quantitative units

Revenue in billion USD and CAGR from 2022 to 2029

Report cover

Revenue Forecast, Business Ranking, Competitive Landscape, Growth Factors and Trends

Segments Covered

By type, by application

Regional scope

North America; Europe; Asia Pacific; Latin America; Middle East and Africa

Country scope

WE; Canada; UK; Germany; China; Japan; India; South Korea; Brazil

Profiled Key Companies

3M Corporation, Smith & Nephew plc., Southwest Technologies Inc, Ferris Manufacturing Corp, B.Braun Melsungen AG, ConvaTec Inc, Derma Sciences Inc, Urgo Medical, BSN medical GmbH, Lohmann & Rauscher GmbH & Co. KG, Coloplast A/S , Molnlycke Health Care, ChitoTech Inc.

Trends influencing the growth of the Wound Care Dressings Market:

In order to prevent surgical site infections, Wound Care Dressing Market products are used more regularly. The majority of surgical wounds created during cancer surgery are large and deep, creating exudates that need to be treated regularly. An increase in incidences, including car accidents, burns, and trauma, is likely to lead to growth in the wound care dressings market industry. More than 40,000 burns in the United States required hospitalization in 2008, which is about 410,000 total burns. About one million Indians suffer from mild to severe burns each year. The second leading cause of death worldwide, cancer led to 8.8 million deaths in 2022. Around one sixth of all deaths worldwide are caused by cancer. More than 70% of deaths in low- and middle-income countries are caused by cancer. The frequency of chronic diseases has increased, which has led to an increase in procedures. Accordingly, an increase in the incidence of cancer is likely to drive the growth of the wound care dressings market industry.

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Key Market Segments: Wound Care Dressings Market

Global Wound Care Dressings Market: By Type

Global Wound Care Dressings Market: By Application

  • Surgical wounds

  • Ulcers

  • burns

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