Wound Dressing Market Outlook and Application

Wound Dressing Market Outlook and Application

  The invariably increasing prevalence of diabetes across the world, comprising diabetic and pre-diabetic patient population worldwide is one of the leading factors that is driving the growth of the global wound dressing market. Strikingly, patients suffering from diabetes are considered more vulnerable and at risk, nearly at 30 times higher risk to undergo amputation surgeries, in comparison to general mass, which in turn creates the demand for wound dressing in the global markets, ultimately ensuring a substantial growth of the global wound dressing market in the years to come. By the same token, the swelling incidence of other diseases among the masses, including diabetic ulcers, pressure ulcers, and venous stasis ulcers also positively triggers the demand of wound dressing in the global market.

  Diabetic foot ulcers are a common complication of diabetes and are managed using wound dressing and wound healing treatments. For instance, 20% of people with diabetic foot ulcers may require to have their foot amputated, according to ScienceDirect. More than 25% of people with diabetes may develop diabetic foot ulcers. One form of wound dressing product, hydrocolloid dressings, aid in moisture retention and hasten the healing of both interior and external wounds. Additionally, the removal of necrotic tissues with the help of these materials is helpful in treating surgical site infections. Healthcare professionals are using wound dressing products more frequently as a result, which is anticipated to fuel market growth throughout the forecast period. Advanced wound dressings are anticipated to generate the largest revenue share in 2022. One of the main causes of its dominance is the increase in burn cases. For instance, 486,000 Americans sought medical attention for burn injuries in 2016, according to the American Burn Association (ABA). Furthermore, it noted that people with burns had the highest prevalence of infection-related issues. The growing senior population base is another important aspect driving market expansion. For instance, the United Nations predicts that there will be about 2.1 billion elderly people worldwide by the year 2050, up from an estimated 962.0 million in 2017. The elderly population is more prone to injuries.

  The product segment includes advanced, surgical, and traditional. The advanced segment is expected to witness the highest growth rate during the forecast period. Treatment of chronic and non-healing wounds is the main use of advanced wound dressings. As a result, it is projected that the market would expand as chronic wounds such diabetic foot ulcers become more common. For instance, The Independent Diabetes Trust estimates that 115,000 people in the UK are now living with diabetes. While there are 278,000 venous leg ulcers treated each year, diabetic foot ulcers can happen to anyone. These wounds often take 200 days to heal. As a result of the aforementioned factors, it is estimated that the market for wound dressing would expand throughout the course of the forecast period.

  Wound healing is a complicated and effective process which demands a relevant environment to encourage the wound healing process. There has been a bunch of technological advancement in the healthcare sector as well as specifically in the area of wound dressing, which has resulted in development of more than 3000 products for the purpose of treatment of various kinds of wounds by aiming several different aspects of the healing process. The rapidly soaring patient pool, globally, and consequently, rising count of amputation surgeries stimulate the demand of effective wound dressing in order to prevent any kind of post-surgery infections and quick healing. Owing to which, the global wound dressing market is expected to climb higher in the forthcoming future. In addition, the surging population of geriatric population worldwide is also giving a positive push to the global market of wound dressing.

  Moreover, post-surgery wound infection is one of the big concerns for patients as well as for healthcare workers, thus the overall wound care phase is considered an essential part of the whole medical treatment process in order to safeguard patients from side-effects and infections and promote their well-being. Attributing to which, there have been massive advancements and innovations in the space of wound dressing in order to make it more safe and effective for the patients, therefore further creating higher demand for the wound dressing. Additionally, there are various kinds of wound dressing available in the global markets to meet all kinds of needs of the patients.

  Global Wound Dressing Market, By Product Type (Advanced Wound Dressings (Foam Dressings, Hydrocolloids, Hydrofiber, Film Dressings, Alginates, Collagen Dressings, Hydrogels Dressings, Wound Contact Layers, Superabsorbent Dressings) Traditional Wound Dressings (Surgical Tapes, Anti-Infective Dressings, Dry Dressings)), By Application (Surgical Wounds, Trauma Wounds, Burns, Diabetic Foot Ulcers, Pressure Ulcers, Venous Ulcers), By End-User (Inpatient Facilities, Outpatient Facilities), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2020 and 2028.