Global Wound Dressing Market
[ 170 + Pages Research Report ] Wound Dressing Market tsurpass USD 11,975.2 million by 2030 from USD 6,273.3 million in 2018 at a CAGR of 5.9% throughout the forecast period, i.e. 2019-30.
Product Overview
Wound dressings are divided intthree classes, namely dressings that are active, passive, and interactive. The only protective feature of passive wound dressing products is that active wound dressings facilitate healing by maintaining a moist wound atmosphere. Timprove wound healing, interactive dressings create a moist wound atmosphere and alscommunicate with wound bed components. Wound dressings need secondary dressing, such as hydrogels and alginate dressings, as they are permeable and non-occlusive. Multi-layer composite dressings are relatively costly and can be used for main and secondary wound dressing. Timprove wound healing, interactive dressings create a moist wound atmosphere and alscommunicate with wound bed components. Wound dressings need secondary dressing, such as hydrogels and alginate dressings, as they are permeable and non-occlusive. Multi-layer composite dressings are relatively costly and can be used in the dressing of primary and secondary wounds.
Market Highlights
Global Wound Dressing Market is expected tproject a notable CAGR in 2030.
Global Wound Dressing Market tsurpass USD 11,975.2 million by 2030 from USD 6,273.3 million in 2018 at a CAGR of 5.9% throughout the forecast period, i.e. 2019-30. The Wound Dressing market is growing due tthe increasing geriatric population, burn cases across the globe, the volume of surgeries, cases of diabetes and obesity, the incidence of chronic wounds, and several road accidents. Growing demand for advanced wound dressings is expected tdrive the global wound dressing market.
Global Wound Dressing Market: Segments
Advanced wound dressings Segment tgrow with the highest CAGR during 2019-30
Global Wound Dressing Market is segmented by type intadvanced wound dressings and traditional wound dressings. The greater market share in 2018 was accounted advanced wound dressings segment and is expected tsee the highest growth during the forecast period owing tthe gradual adoption of some of the advanced wound dressings. Furthermore, the advanced segment is further divided intfoams, films, hydrogels, hydrocolloids, superabsorbents, contact layers for wounds, alginates, collagen, and hydrfiber. The foam segment accounted for the largest share of the whole advanced segment and is projected texpand at the fastest pace in the market. This is due tthe benefits provided by foam dressings, such as a warm and humid atmosphere that is suitable for healing, infection barrier, hyper granulation wound suitability, ease of application and removal, and the ability tbe used in compression therapy.
Surgical Wound segment tgrow with the highest CAGR during 2019-30
Global Wound Dressing Market is segmented by application intulcers, burns, and surgical and chronic wounds. The surgical and chronic wound is expected thold a major market share of XX% in 2018 due tthe growing aging population, cases of diabetes and obesity, and road injury accidents. Besides, the high prevalence of pressure ulcers and venous leg ulcers in the geriatric population can be due tthe increasing incidence of diabetes and diabetic foot ulcers. Adoption of advanced dressings is increased by benefits such as moisture wound healing, non-adherent design, and bacterial barrier. Besides, new product launches and new dressing developments are reinforcing segment growth over the forecast period.
Hospitals segment tgrow with the highest CAGR during 2019-30
Global Wound Dressing Market is segmented by End-User intHospital and Homecare. The hospital category accounted for the largest size in the 2018 Global Wound Dressing Market. Factors such as the increasing prevalence of surgical and chronic wounds; the increasing incidence of associated SSIs and HAIs; and the increasing incidence of burn injuries can be due tthe significant share of this category. The rising incidence of wound ulcers and surgical wounds has led tincreased demand for Wound Dressing products for wound management and decreased hospital stay time.
Global Wound Dressing Market: Market Dynamics
Drivers
Increasing patient pool
Growing geriatric population, increasing number of diabetes patients globally, rising occurrence of wound ulcer and surgical wounds, growing research and development activities, the introduction of novel treatments for advanced wounds, favorable reimbursement scenario, and technological advancement in wound dressing products are the key factors enhancing the growth of the global Wound Dressing market. Diabetic patients are at greater risk of developing diabetic foot ulcers, a form of chronic wound that involves the use of wound dressings for care. It is predicted that the growing prevalence of diabetes will lead ta rise in the incidence of diabetic foot ulcers, thereby driving the growth of the demand for wound dressing during the forecast period.
Technological Advancement and Initiatives are taken timprove healthcare systems
The numerous developments in wound dressing applications are alsa significant contributor tthe market's overall growth. The advances in wound dressings have led ta move from basic dressings tadvanced pharmaceutically active ingredient products and devices. Wound dressings have been improved tsuch an extent that, while actively encouraging wound healing, they now retain a moist wound environment. Besides, new treatments such as radiation therapy, electrical stimulation, nanotechnology, and the use of silver and other hybrid bandages are being introduced timprove the industry as a whole. These developments provide patients with greater relief during any trauma recovery creating demand and are high-impact rendering drivers for the overall market.
Restraint
High cost of Wound Dressing products
Global wound dressing market growth over the forecast period is expected tbe affected by challenges in the wound dressing market, such as product recalls, the availability of alternative products, and the high cost of wound dressing products. Product malfunction, component inconsistency, and packaging issues are responsible for a growing amount of product recalls. Although, as compared tconventional wound dressings, the cost of care with advanced wound dressings often becomes double.
Global Wound Dressing Market: Key Players
3M Company
Company Overview
Business Strategy
Key Product Offerings
Financial Performance
Key Performance Indicators
Risk Analysis
Recent Development
Regional Presence
SWOT Analysis
Acelity L.P. Inc. (Kinetic Concepts, Inc.)
B. Braun Melsungen AG
Cardinal Health, Inc
Coloplast A/S
ConvaTec Group Plc
Integra Lifesciences
Molnlycke Health Care
Medtronic PLC
Paul Hartmann AG
Smith & Nephew
Global Wound Dressing Market: Regions
Global Wound Dressing Market is segmented based on regional analysis intfive major regions. These include North America, Latin America, Europe, APAC, and MENA.
Global Wound Dressing Market in North America held the largest market share of XX.X% in the year 2018 and is expected thold the dominant position in the global wound dressing market over the forecast period due tincreasing product launches of wound dressing equipment, the increasing prevalence of chronic wounds, and the strategic alliance between key players. Besides, due tthe growing prevalence of burn cases in Europe, the European market is expected texhibit growth over the forecast period. This will increase the demand for care in this area, which, in turn, is expected tfuel market growth.
Competitive Landscape:
Global Wound Dressing market, which is highly competitive, consists of several major players. Companies, such as Convatec, Integra, Smith and Nephew Hartmann, and Coloplast, hold a substantial market share in the global wound dressing market. Other players analyzed in this report are 3M Company, Smith & Nephew, Medtronic Plc., M?lnlycke Healthcare (A Part of Investor AB), Paul Hartmann, Cardinal Health, Mimedx Group, Convatec Group, Integra Lifesciences Holdings Corp., and Acelity L.P. Inc among others
Recently, various developments have been taking place in the market. For instance, In June 2018, Acelity L.P. Inc., acquired Crawford Healthcare, texpand its product portfoliof advanced wound dressings.
Global Wound Dressing Market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – the United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and the Rest of APAC
MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA
Global Wound Dressing Market report alscontains an analysis on:
Global Wound Dressing Market Segments:
By Type:
Advanced Wound Dressing
Foam
Hydrocolloid
Alginate
Film
Collagen
Traditional
By Application:
Surgical
Traumatic
Ulcers
Burns
By End User:
Hospital
Homecare
Wound Dressing Market Dynamics
Wound Dressing Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
Product Overview
Wound dressings are divided intthree classes, namely dressings that are active, passive, and interactive. The only protective feature of passive wound dressing products is that active wound dressings facilitate healing by maintaining a moist wound atmosphere. Timprove wound healing, interactive dressings create a moist wound atmosphere and alscommunicate with wound bed components. Wound dressings need secondary dressing, such as hydrogels and alginate dressings, as they are permeable and non-occlusive. Multi-layer composite dressings are relatively costly and can be used for main and secondary wound dressing. Timprove wound healing, interactive dressings create a moist wound atmosphere and alscommunicate with wound bed components. Wound dressings need secondary dressing, such as hydrogels and alginate dressings, as they are permeable and non-occlusive. Multi-layer composite dressings are relatively costly and can be used in the dressing of primary and secondary wounds.
Market Highlights
Global Wound Dressing Market is expected tproject a notable CAGR in 2030.
Global Wound Dressing Market tsurpass USD 11,975.2 million by 2030 from USD 6,273.3 million in 2018 at a CAGR of 5.9% throughout the forecast period, i.e. 2019-30. The Wound Dressing market is growing due tthe increasing geriatric population, burn cases across the globe, the volume of surgeries, cases of diabetes and obesity, the incidence of chronic wounds, and several road accidents. Growing demand for advanced wound dressings is expected tdrive the global wound dressing market.
Global Wound Dressing Market: Segments
Advanced wound dressings Segment tgrow with the highest CAGR during 2019-30
Global Wound Dressing Market is segmented by type intadvanced wound dressings and traditional wound dressings. The greater market share in 2018 was accounted advanced wound dressings segment and is expected tsee the highest growth during the forecast period owing tthe gradual adoption of some of the advanced wound dressings. Furthermore, the advanced segment is further divided intfoams, films, hydrogels, hydrocolloids, superabsorbents, contact layers for wounds, alginates, collagen, and hydrfiber. The foam segment accounted for the largest share of the whole advanced segment and is projected texpand at the fastest pace in the market. This is due tthe benefits provided by foam dressings, such as a warm and humid atmosphere that is suitable for healing, infection barrier, hyper granulation wound suitability, ease of application and removal, and the ability tbe used in compression therapy.
Surgical Wound segment tgrow with the highest CAGR during 2019-30
Global Wound Dressing Market is segmented by application intulcers, burns, and surgical and chronic wounds. The surgical and chronic wound is expected thold a major market share of XX% in 2018 due tthe growing aging population, cases of diabetes and obesity, and road injury accidents. Besides, the high prevalence of pressure ulcers and venous leg ulcers in the geriatric population can be due tthe increasing incidence of diabetes and diabetic foot ulcers. Adoption of advanced dressings is increased by benefits such as moisture wound healing, non-adherent design, and bacterial barrier. Besides, new product launches and new dressing developments are reinforcing segment growth over the forecast period.
Hospitals segment tgrow with the highest CAGR during 2019-30
Global Wound Dressing Market is segmented by End-User intHospital and Homecare. The hospital category accounted for the largest size in the 2018 Global Wound Dressing Market. Factors such as the increasing prevalence of surgical and chronic wounds; the increasing incidence of associated SSIs and HAIs; and the increasing incidence of burn injuries can be due tthe significant share of this category. The rising incidence of wound ulcers and surgical wounds has led tincreased demand for Wound Dressing products for wound management and decreased hospital stay time.
Global Wound Dressing Market: Market Dynamics
Drivers
Increasing patient pool
Growing geriatric population, increasing number of diabetes patients globally, rising occurrence of wound ulcer and surgical wounds, growing research and development activities, the introduction of novel treatments for advanced wounds, favorable reimbursement scenario, and technological advancement in wound dressing products are the key factors enhancing the growth of the global Wound Dressing market. Diabetic patients are at greater risk of developing diabetic foot ulcers, a form of chronic wound that involves the use of wound dressings for care. It is predicted that the growing prevalence of diabetes will lead ta rise in the incidence of diabetic foot ulcers, thereby driving the growth of the demand for wound dressing during the forecast period.
Technological Advancement and Initiatives are taken timprove healthcare systems
The numerous developments in wound dressing applications are alsa significant contributor tthe market's overall growth. The advances in wound dressings have led ta move from basic dressings tadvanced pharmaceutically active ingredient products and devices. Wound dressings have been improved tsuch an extent that, while actively encouraging wound healing, they now retain a moist wound environment. Besides, new treatments such as radiation therapy, electrical stimulation, nanotechnology, and the use of silver and other hybrid bandages are being introduced timprove the industry as a whole. These developments provide patients with greater relief during any trauma recovery creating demand and are high-impact rendering drivers for the overall market.
Restraint
High cost of Wound Dressing products
Global wound dressing market growth over the forecast period is expected tbe affected by challenges in the wound dressing market, such as product recalls, the availability of alternative products, and the high cost of wound dressing products. Product malfunction, component inconsistency, and packaging issues are responsible for a growing amount of product recalls. Although, as compared tconventional wound dressings, the cost of care with advanced wound dressings often becomes double.
Global Wound Dressing Market: Key Players
3M Company
Company Overview
Business Strategy
Key Product Offerings
Financial Performance
Key Performance Indicators
Risk Analysis
Recent Development
Regional Presence
SWOT Analysis
Acelity L.P. Inc. (Kinetic Concepts, Inc.)
B. Braun Melsungen AG
Cardinal Health, Inc
Coloplast A/S
ConvaTec Group Plc
Integra Lifesciences
Molnlycke Health Care
Medtronic PLC
Paul Hartmann AG
Smith & Nephew
Global Wound Dressing Market: Regions
Global Wound Dressing Market is segmented based on regional analysis intfive major regions. These include North America, Latin America, Europe, APAC, and MENA.
Global Wound Dressing Market in North America held the largest market share of XX.X% in the year 2018 and is expected thold the dominant position in the global wound dressing market over the forecast period due tincreasing product launches of wound dressing equipment, the increasing prevalence of chronic wounds, and the strategic alliance between key players. Besides, due tthe growing prevalence of burn cases in Europe, the European market is expected texhibit growth over the forecast period. This will increase the demand for care in this area, which, in turn, is expected tfuel market growth.
Competitive Landscape:
Global Wound Dressing market, which is highly competitive, consists of several major players. Companies, such as Convatec, Integra, Smith and Nephew Hartmann, and Coloplast, hold a substantial market share in the global wound dressing market. Other players analyzed in this report are 3M Company, Smith & Nephew, Medtronic Plc., M?lnlycke Healthcare (A Part of Investor AB), Paul Hartmann, Cardinal Health, Mimedx Group, Convatec Group, Integra Lifesciences Holdings Corp., and Acelity L.P. Inc among others
Recently, various developments have been taking place in the market. For instance, In June 2018, Acelity L.P. Inc., acquired Crawford Healthcare, texpand its product portfoliof advanced wound dressings.
Global Wound Dressing Market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – the United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and the Rest of APAC
MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA
Global Wound Dressing Market report alscontains an analysis on:
Global Wound Dressing Market Segments:
By Type:
Advanced Wound Dressing
Foam
Hydrocolloid
Alginate
Film
Collagen
Traditional
By Application:
Surgical
Traumatic
Ulcers
Burns
By End User:
Hospital
Homecare
Wound Dressing Market Dynamics
Wound Dressing Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
Executive Summary
Global Wound Dressing Market
Product Overview
Market Definition
Segmentation
Assumptions and Acronyms
Research Methodology
Research Objectives
Primary Research
Secondary Research
Forecast Model
Market Size Estimation
Average Pricing Analysis
Macro-Economic Indicators
Market Dynamics
Growth Drivers
Restraints
Opportunity
Trends
Correlation & Regression Analysis
Correlation Matrix
Regression Matrix
Recent Development, Policies & Regulatory Landscape
Risk Analysis
Demand Risk Analysis
Supply Risk Analysis
Global Hospital Beds Market Analysis
Porters Five Forces
Threat of New Entrants
Bargaining Power of Suppliers
Threat of Substitutes
Rivalry
PEST Analysis
Political
Economic
Social
Technological
Global Wound Dressing Market
Market Size & forecast, 2019A-2030F
By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
By Volume (Million Units) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
Global Wound Dressing Market: Market Segmentation
By Regions
North America:(U.S. and Canada) By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
Europe: (Brazil, Mexico, Argentina, Rest of Latin America) By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
Asia-Pacific: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe) By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
LATAM: (Brazil, South Africa, Saudi Arabia, U.A.E., and Other Countries) By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
MEA: (Brazil, South Africa, Saudi Arabia, U.A.E., and Other Countries) By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
By Type: Market Share (2020-2030F)
Advanced Wound Dressing, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
Wound Therapy Device, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
Active Wound Care, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
By Application: Market Share (2020-2030F)
Surgical, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
Traumatic, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
Ulcers, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
Burns, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
By End-User: Market Share (2020-2030F)
Hospital, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
Homecare, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
Company Profile
3M COMPANY
Company Overview
Company Total Revenue (Financials)
Market Potential
Global Presence
Key Performance Indicators
SWOT Analysis
Product Launch
Acelity L.P. Inc. (Kinetic Concepts, Inc.)
B. Braun Melsungen AG
Cardinal Health, Inc
Coloplast A/S
ConvaTec Group Plc
Integra Lifesciences
Molnlycke Health Care
Medtronic PLC
Paul Hartmann AG
Smith & Nephew
Other Prominent Players
Consultant Recommendation
The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
Global Wound Dressing Market
Product Overview
Market Definition
Segmentation
Assumptions and Acronyms
Research Methodology
Research Objectives
Primary Research
Secondary Research
Forecast Model
Market Size Estimation
Average Pricing Analysis
Macro-Economic Indicators
Market Dynamics
Growth Drivers
Restraints
Opportunity
Trends
Correlation & Regression Analysis
Correlation Matrix
Regression Matrix
Recent Development, Policies & Regulatory Landscape
Risk Analysis
Demand Risk Analysis
Supply Risk Analysis
Global Hospital Beds Market Analysis
Porters Five Forces
Threat of New Entrants
Bargaining Power of Suppliers
Threat of Substitutes
Rivalry
PEST Analysis
Political
Economic
Social
Technological
Global Wound Dressing Market
Market Size & forecast, 2019A-2030F
By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
By Volume (Million Units) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
Global Wound Dressing Market: Market Segmentation
By Regions
North America:(U.S. and Canada) By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
Europe: (Brazil, Mexico, Argentina, Rest of Latin America) By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
Asia-Pacific: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe) By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
LATAM: (Brazil, South Africa, Saudi Arabia, U.A.E., and Other Countries) By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
MEA: (Brazil, South Africa, Saudi Arabia, U.A.E., and Other Countries) By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
By Type: Market Share (2020-2030F)
Advanced Wound Dressing, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
Wound Therapy Device, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
Active Wound Care, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
By Application: Market Share (2020-2030F)
Surgical, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
Traumatic, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
Ulcers, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
Burns, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
By End-User: Market Share (2020-2030F)
Hospital, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
Homecare, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
Company Profile
3M COMPANY
Company Overview
Company Total Revenue (Financials)
Market Potential
Global Presence
Key Performance Indicators
SWOT Analysis
Product Launch
Acelity L.P. Inc. (Kinetic Concepts, Inc.)
B. Braun Melsungen AG
Cardinal Health, Inc
Coloplast A/S
ConvaTec Group Plc
Integra Lifesciences
Molnlycke Health Care
Medtronic PLC
Paul Hartmann AG
Smith & Nephew
Other Prominent Players
Consultant Recommendation
The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
