Moist Wound Dressings Market Size, Share & Trends Report

Moist Wound Dressings Market Size, Share & Trends Analysis Report By Product (Foam, Films), By Application (Surgical Wound, Diabetic Ulcer), By End Use (Hospital, Homecare), And Segment Forecasts, 2018 - 2025

  • Published Date: Dec, 2018
  • Base Year for Estimate: 2017
  • Report ID: GVR-2-68038-665-3
  • Format: Electronic (PDF)
  • Historical Data: 2014 - 2016
  • Number of Pages: 104

Industry Insights

The global moist wound dressings market size was valued at USD 3.53 billion in 2017 and is anticipated to expand at a CAGR of 5.60% over the forecast period. Wound dressings have evolved from simple dressings that cover the wound to advanced products that release pharmaceutically active ingredients for accelerating the healing process, as well as reduce pain and inflammation. Wound care is essential to enhance the healing process and minimize the risk of associated infections. Rising incidence of diabetic pressure, venous stasis, and foot ulcers is one of the key factors driving the market.

Furthermore, the launch of novel therapies, such as electromagnetic therapy, electrical stimulation, nanotechnology, and the use of silver and other combination dressings are boosting the market growth. These advancements ensure better wound care and thus increase the product adoption. A major advancement in the market includes the ability of these dressings to regulate moisture at the wound site, which aids in regeneration of tissue and reduced infection and pain. Advanced products facilitate wound protection, gas exchange, antibacterial protection, thermal insulation, exudate absorption, and more; thereby, boosting market growth.

U.S. moist wound dressing market

In addition, growing incidence of burn injuries is also projected to boost moisture wound dressings demand. As per the statistics by WHO, every year, about 180,000 deaths occur due to burn injuries. Moreover, growing geriatric population base across the globe is estimated to support market expansion. As per the WHO estimates, the global geriatric population, (aged 60 years and above) is anticipated to reach about 2 billion by 2050.

This age group is susceptible to injuries and chronic wounds, such as venous leg and pressure ulcers, which is expected to spur the market growth in the years to come. Emerging regions, such as Southeast Asia, are expected to witness considerable growth on account of rising cases of burn injuries. Growing disposable income and awareness about these dressing products along with the availability of better quality products in such regions are also contributing to the market growth.

Product Insights

Based on product, the moisture wound dressings market is segmented into foam, alginate, film, hydrocolloid, and hydrogel. These wound dressings are recommended for chronic wounds like pressure and diabetic ulcers, burn injuries as they help create and maintain a moist environment, which facilitating faster healing process. Foam dressings segment was the largest segment in 2017 due to soft and comfortable feel of these dressings.

Moreover, they help prevent and stop exudation from burn injuries, which is also driving the segment growth. Due to their highly absorbent nature, these dressings can be changed after around 3-4 days and are used for wounds with heavy exudation without the complication of maceration. According to American Burn Association, an approximate 450,000 patients are hospitalized due to burns each year and risk of infection is higher in these patients.

Application Insights

On the basis of application, the market is segmented into surgical and traumatic wound treatment, pressure and diabetic ulcer treatment, and burn injuries. Surgical segment held the largest share in the global market and is expected to maintain its position over the forecast period. Diabetic ulcer treatment is anticipated to be the fastest-growing application segment due to increasing prevalence of the disease and related complications. Nearly 15% of the diabetic patients suffer from diabetic foot ulcers, out of which nearly 6% are hospitalized owing to related complications. However, due to the availability of advanced wound dressing products, such ulcers can be treated and healed quickly while reducing hospital stays and overall costs.

End-use Insights

On the basis of end use, the market can be categorized into hospitals, home healthcare, and others. Hospital segment has been estimated to be the largest shareholder in the market and this trend is projected to continue over the course of the forecast period. This growth can be primarily attributed to rising number of surgeries performed in these settings.

Global moist wound dressings market

The hospitals segment is also fueled by increasing prevalence of chronic diseases and wounds. In addition, high prevalence of hospital-acquired infections is anticipated to further drive the segment. Home care settings are anticipated to witness rapid growth over the forecast period, registering a CAGR of close to 7.0%.

Regional Insights

The U.S. market commanded a maximum share in 2017, owing to the presence of target population base and increased patient awareness levels. The market is estimated to expand further due to increasing cases of chronic wounds, such as diabetic foot and pressure ulcers, in the region. As per CDC, around 2.5 million patients suffer from pressure ulcers annually. Easy availability of products as a result of the presence of major market players and their wide distribution network will also contribute to the region’s development.

Southeast Asia market is expected to witness lucrative growth as this region holds potential growth opportunities for moisture wound dressings market. Moreover, presence of emerging nations like Thailand, Malaysia, and Singapore are anticipated to fuel market growth.

Moist Wound Dressing Market Share Insights

Key companies in global market include 3M Healthcare; Coloplast A/S; Medline Industries, Inc.; Cardinal Health, Inc.; B. Braun Melsungen AG; Smith & Nephew PLC; ConvaTec Group PLC; Derma Sciences, Inc.; and Systagenix Wound Management Ltd.

Frequent mergers and acquisition activities are observed in the market, mainly to gain a competitive edge. For instance, In December 2017, Medline Industries entered into an agreement with Resource Optimization & Innovation (ROi). This agreement is anticipated to provide Medline the access to ROi’s products. Companies are also focusing on the development of advanced products to attract more customers.

Report Scope

Attribute

Details

Base year for estimation

2017

Actual estimates/Historical data

2014 - 2016

Forecast period

2018 - 2025

Market representation                                

Revenue in USD Million and CAGR from 2018 to 2025

Regional scope

U.S., Europe, Southeast Asia, Central & South America, and Rest of the world

Country scope

U.S., U.K., Germany, Indonesia, Thailand, Brazil, and Mexico

Report coverage      

Revenue forecast, competitive landscape, growth factors and trends

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Segments Covered in the Report

This report forecasts revenue and volume growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global moist wound dressings market report on the basis of product, application, end use, and region:

  • Product Outlook (Revenue, USD Million, 2014 - 2025)

    • Foam

    • Alginate

    • Films

    • Hydrocolloid

    • Hydrogel

  • Application Outlook (Revenue, USD Million, 2014 - 2025)

    • Pressure Ulcers

    • Diabetic Ulcers

    • Burn Wounds

    • Surgical Wounds

    • Traumatic Wounds

    • Others

  • End-use Outlook (Revenue, USD Million, 2014 - 2025)

    • Hospitals

    • Homecare

    • Others

  • Regional Outlook (Revenue, USD Million, 2014 - 2025)

    • U.S.

    • Europe

      • Germany

      • U.K.

    • Southeast Asia

      • Thailand

      • Indonesia

    • Central & South America

      • Brazil

      • Mexico

    • Rest of the World

Key questions answered by the report
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