Advanced Wound Dressing Market Size, Share & Trends Analysis Report By End Use (Hospitals, Home Healthcare), By Application (Chronic, Acute Wounds), By Product (Foam, Film, Hydrogel), And Segment Forecasts, 2019 - 2026

Report Overview

The global advanced wound dressing market size was valued at USD 6.32 billion in 2018 and is expected to register a CAGR of 4.3% over the forecast period. Rising geriatric population, the prevalence of chronic diseases, awareness about the usage of advanced wound care products, and the incidence of sports injuries are some of the key factors driving the market.

For instance, as per the World Health Organization (WHO), the global geriatric population is anticipated to rise from 84.0 million in 2014 to 2.0 billion by 2050. The geriatric population is highly prone to chronic diseases, disabilities, and impairments, which boosts the demand for advanced wound care products.

Increasing prevalence of type I and II diabetes is also expected to drive the demand for advanced wound dressing products as prolonged diabetes leads to diabetic foot ulcers. For instance, as per the International Diabetes Federation, the global prevalence of diabetes is expected to increase from 366.0 million in 2011 to 552.0 million by 2030. Increasing geriatric population across the globe is also anticipated to propel the advanced wound care dressing market growth.

Increasing cases of road accidents and trauma, such as burns, are expected to contribute to market growth. For instance, the WHO reported that over 1,000,000 people are registered, annually, as moderately or severely burnt. These factors are anticipated to boost the demand for wound care products, thereby propelling market growth.

Product Insights

The Hydrocolloid product segment is expected to witness the fastest CAGR from 2019 to 2026. Hydrocolloid dressings are made up of gel-forming agents such as Carboxy Methylcellulose (CMC) and gelatin. These materials are occlusive that helps in moisture retention. These dressings allow rapid healing and are impermeable to any type of bacterial infection. Thus, it helps in protecting the wound internally as well as externally. The rising cases of diabetes across the globe is expected to promote the segment growth over the forecast period. For instance, as per the CDC in 2015, around 5.0% of the people in the U.S. were diagnosed with Type 1 diabetes and approximately around 15.0% of this diabetic population suffers from diabetic wounds or diabetic ulcers. Hence, such instances are expected to surge the demand for hydrocolloid wound care dressings over the forecast period.

Foam dressings segment held the largest advanced wound care market share in 2018. Foams dressings are made of a highly absorbent material called hydrophilic polyurethane. Increasing cases of burns and trauma injuries across the globe are expected to propel the segment growth. According to the American Burn Association (ABA), in 2016, around 486,000 people were given medical treatment due to burn injuries in the U.S. It also reported that complications of infection have accounted to be highest in burn patients. Foams are majorly used to prevent and heal the exudation of such injuries. Technological advancements are also anticipated to drive segment growth. For instance, products such as Safetac (Molyncke) and SILCRYST Nanocrystalline have been upgraded recently to offer better protection against bacterial proliferation.

Application Insights

Based on the application, the advanced wound dressing market is segmented into acute and chronic wounds. The diabetic foot ulcer segment held the largest market share in 2018. Diabetic ulcers are generally painless; however, require a prolonged hospital stay. Negative-Pressure Wound Therapy (NPWT) is majorly used for the treatment of diabetic foot ulcers as it allows rapid healing. Thus, rising cases of diabetic foot ulcers are the major driving factor for the segment. The pressure ulcer segment is anticipated to witness the fastest CAGR over the forecast period due to the growing geriatric population across the globe. Pressure ulcers are also known as bed sores. It usually occurs due to prolonged intense pressure on the skin. Prolonged hospital stay is the most common cause of such ulcers. These ulcers generally occur at the bony areas of the body like ankles, hips, and tailbone.

End-Use Insights

The end-user segment includes hospitals, specialty clinics, home healthcare, and others. The hospital segment held the largest share in 2018. An increasing number of surgical procedures being performed and rising cases of diabetic foot ulcers and venous foot ulcers are expected to drive the segment further. For instance, as per the Eurostat 2016 statistics, around 935.4, 216.2, 70.9, and 39.8 people per 100,000 inhabitants in Italy underwent cataract surgery, transluminal coronary angioplasty, appendectomy, and laparoscopic appendectomy respectively.

Home healthcare is expected to be the fastest-growing segment over the forecast period. This growth is attributed to the rising geriatric population and preference for home healthcare, as prolonged hospital stays are often challenging for aged patients.

Regional Insights

North America dominated the market in 2018. Increasing road accidents, sports injuries, and the presence of several key players in the region is anticipated to drive the market growth. Besides, the presence of adequate skilled professionals and highly developed healthcare infrastructure is also expected to drive the market growth over the forecast period. The Asia Pacific is anticipated to witness the fastest growth over the forecast period. The presence of developing countries such as China, Japan, and India are anticipated to boost the market growth in the region.

Advanced Wound Dressing Market Share Insights

Prominent companies in the market include Smith & Nephew PLC; Mölnlycke Health Care AB; Acelity (KCI Licensing, Inc.); Convatec Group PLC; and Baxter International, Inc. Key companies have undertaken strategies, such as merger & acquisitions, partnership, and new product development, to strengthen their foothold in the industry. For instance, in May 2017, ConvaTec Group PLC received an FDA approval for Flexi-Seal PROTECT Fecal Management System, which helped the company in expanding its product range and geographical reach.

Advanced Wound Dressing Market Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2026. For this study, Grand View Research has segmented the global advanced wound dressing market report based on the product, end-use, application, and region:

• Product Outlook (Revenue, USD Million, 2015 - 2026)

  • Foam

  • Hydrocolloid

  • Film

  • Alginate

  • Hydrogel

  • Collagen

  • Others

• End-Use Outlook (Revenue, USD Million, 2015 - 2026)

  • Hospitals

  • Specialty Clinics

  • Home Healthcare

  • Others

• Application Outlook (Revenue, USD Million, 2015 - 2026)

  • Chronic Wounds

    • Diabetic Foot Ulcers

    • Pressure Ulcers

    • Venous Leg Ulcers

    • Others

  • Acute Wounds

    • Surgical & Traumatic Wounds

    • Burns

• Regional Outlook (Revenue, USD Million, 2015 - 2026)

  • North America

    • The U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

  • Asia-Pacific

    • Japan

    • China

  • Latin America

    • Brazil

    • Mexico

  • MEA

    • South Africa

    • Saudi Arabia