Wound Dressing Market Size, Share & Trends Analysis Report By Product (Traditional Dressing, Advanced Dressing), By Application (Chronic Wounds, Acute Wounds), By End-use (Hospital, Home Healthcare), By Region, And Segment Forecasts, 2022 - 2030

Report Overview

The global wound dressing market size was valued at USD 12.4 billion in 2021 and is projected to expand at a compound annual growth rate (CAGR) of 5.3% from 2022 to 2030. Rising incidence rate of various wounds such as pressure ulcers, and surgical site wounds, along with rise in number of geriatric population, and increase in traumatic accidents worldwide is expected to impel the market. Chronic wounds such as venous leg ulcers, and diabetic foot ulcers are increasing worldwide. For instance, according to NCBI, around 6.5 million people in the U.S. are affected by various chronic wounds. Moreover, rise in the diabetic population is further expected to propel the market. For instance, as per CDC, in 2018, among the crude population, 34.2 million people in the U.S. have been diagnosed with diabetes, which comprises around 10.5% of the total U.S. population.

Moreover, as per diabeticfootonline.com, up to 34% of the people suffering from diabetes are at a risk of developing a diabetic foot ulcer. Thus, as a result of aforementioned factors, the demand for wound dressing is expected to impel, thereby helping the market grow. Furthermore, the geriatric population is more susceptible to wounds, thus, rising geriatric population is expected to boost market growth. For instance, according to European Parliament, Japan is the fastest aging country globally, with around 28.7% population aged above 65 years of age. Additionally, as per a similar source, by 2036, it is expected that one third of the Japanese population is projected to be aged above 65 years. Moreover, as per NCBI, aging can affect wound healing, as a result, geriatric population is expected to require wound dressing to heal wounds, thereby, impelling the market.

Furthermore, there has been increase in number of global traumatic accidents. For instance, according to statistics by WHO, every year around 1.2 million people die due to road crashes, whereas, 20 to 50 million people sustain non-fatal injuries. Similarly, as per Economic Times, India witnessed 5,54,796 road accident cases in the year 2020. Such accidents frequently result in significant blood loss and other injuries, necessitating prompt medical response, sometimes requiring surgical procedures to offer patient with instant relief. Thus, rising number of accidents is likely to boost the demand for wound dressing products which is anticipated to lead substantial growth of market over forecast duration.

The outbreak of COVID-19 pandemic was expected to lower the use of advanced wound dressing, as they require healthcare advice, thereby restricting the growth of market. However, post-pandemic, the market is anticipated to grow with a significant growth rate over the forecast duration. This can be attributed to initiatives such as partnership, research and development, geographic expansion, and launch of technologically advanced products by major market players. For instance, in September 2021, Coloplast Corp. inaugurated a factory in Central America, which was intended to support the global growth of company. Similarly, in October 2021, Medline Industries announced an investment of USD 77.5 million to build a new distribution center in Kansas. Thus, due to aforementioned factors, the market is expected to boost over the post-pandemic period.

Product Insights

The advanced dressing segment dominated the market and accounted for the largest revenue share of 55.06% in 2021. This can be attributed to rising cases of obesity and venous leg ulcers. For instance, as per a study by Sage Journals, the prevalence rate of obesity in India is 40.3%. Similarly, according to WHO, 25.1% of people in Germany are obese. Obese people are more susceptible to venous leg ulcers, thus, rising obesity among the population is expected to help the advanced dressing segment dominate over the forecast period.

The traditional dressing segment is expected to witness a considerable CAGR of 5.1% over the forecast period. Traditional dressings are most commonly used to treat burn cases, thus, rising number of burn cases is expected to boost the traditional dressing segment. For instance, according to WHO, on an average 265,000 deaths are caused due to burns every year. Moreover, in India, around 1,000,000 people are moderately or severely burnt each year. Similarly, as per CDC in the U.S. approximately, 4,500 burn victims die annually and 10,000 die due to burn related infections, thereby, boosting segment growth.

Application Insights

The chronic wounds segment dominated the market and accounted for revenue share of 60.9% in 2021. This can be attributed to increasing incidence of chronic diseases and geriatric population globally. For instance, as per Ageing Asia, in Indonesia, the number of people aged above 60 was 27,524,000 in 2019, which is projected to reach 69,792,000 in 2050. Similarly, there has been increase in number of people suffering from diabetes and diabetic foot ulcers. For instance, as per ScienceDirect, diabetic foot ulcers may affect 25% of the diabetic population and may lead to amputation in around 20% of the infected population. According to American Diabetes Association, in 2018, around 34.2 million people in the U.S. has diabetes, which according to BMC Population Health Metrics is anticipated to triple by 2060. Thus, boosting the segment growth.

The acute wounds segment is projected to witness a significant CAGR of 4.7% over the forecast period. This can be accredited to rising number of surgical wounds and surgical site infections worldwide. For instance, as per study by Wound International, the incidence rate of surgical site infections in general surgery was found to be 11.7%. Similarly, rising incidence of traumatic accidents is expected to impel the segment growth. For instance, as per an article by Brady United Organization, around 316 people in the U.S. are shot every day, leading to acute wounds, which requires wound dressing to heal. Thus, due to above-mentioned factors, the market is expected to impel over the forecast years.

End-use Insights

The hospital segment dominated the market and accounted for revenue share of 45.2% in 2021. This can be credited to rising surgical procedures, and increasing number of hospitals. For instance, according to a study published by NCBI in 2020, globally an estimated of 310 million surgical cases are recorded annually, out of which 40 million – 50 million are carried out in the U.S. alone. Moreover, there has been increase in number of hospitals and hospitalization worldwide. For instance, as per the Australian Institute of Health and Welfare, the number of hospitalization in Australia has increased. For instance, in 2019 – 2020, 11.1 million people in Australia were hospitalized. Thus, due to aforementioned factors, the hospital segment is expected to dominate the end-use segment.

However, the home healthcare segment is projected to witness the fastest CAGR of 5.9% during the forecast period. Home healthcare setting have been increasing in many countries. Moreover, many surgeries require prolonged recovery period, leading to frequent changes of wound dressing. Further, geriatric population and bariatric population prefer home healthcare setting. Thus, rising bariatric population and geriatric population is anticipated to boost the home healthcare segment. For instance, as per the WHO, the world obesity has tripled since 1975. Additionally, as per similar source, in 2020, wound 39 million children under the age of five were overweight or obese. Thereby, impelling the home healthcare segment over the forecast period.

Regional Insights

North America dominated the wound dressing market and accounted for revenue share of 45.4% in 2021. This dominance can be accredited to well-developed healthcare infrastructure, increasing awareness and presence of major key players in the region. Additionally, increase in number of surgeries in the North America region is expected to impel the market. For instance, according to Life Span Organization, approximately 500,000 open-heart surgeries were performed in the U.S. in 2018. Similarly, according to AHA Journals, approximately, 40,000 children undergo a congenital heart surgery in the U.S. As such surgeries take time to heal, wound dressing products help in healing these wounds in quick duration. Hence, wound dressing are preferred post-surgery, thereby, impelling the market in North America.

However, Asia Pacific is estimated to witness the fastest CAGR of 5.8% over the forecast period. This can be accredited to rising diabetic population in the region. For instance, according to Down to Earth organization, as of December 2021, India had 74.2 million diabetic populations which were aged between 20 – 79. Moreover, this number is anticipated to increase and reach 124.8 million by 2045. Similarly, according to IDF, in 2019, 3,993,300 people out of the total population of 63,265,700 in Philippines were diabetic. As diabetic people are more prone towards diabetic foot ulcers, therefore, increase in diabetic population may help the market growth in Asia Pacific.

Key Companies & Market Share Insights

The market is highly fragmented in nature, and have many large and small market players. Competitive rivalry and the degree of competition is expected to be high, which may increase further, as current market players are intensifying their strategies to take a hold on majority of the collagen dressing market. To have a competitive edge over the competitors, many market players are entering into various strategic initiatives such as product launch, mergers and acquisition, and geographic expansion. For instance, in June 2021, MiMedx received regulatory approval from the Japanese Ministry of Health, Labour and Welfare to commercialize their product EPIFIX in Japan. Thus, with various strategies adopted by the market players, the market is predicted to impel during the forecast period. Some of the prominent players in the wound dressing market include:

• 3M

• Coloplast Corp.

• Medline Industries

• Smith & Nephew

• Medtronic

• ConvaTec Group PLC

• Derma Sciences (Integra LifeSciences)

• Ethicon (Johnson & Johnson)

• Baxter International

• Molnlycke Health Care AB

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 2018 to 2030. For the purpose of this study, Grand View Research has segmented the global wound dressing market report on the basis of product, application, end-use, and region:

• Product Outlook (Revenue, USD Million, 2018 - 2030)

  • Traditional Dressing

    • Gauze

    • Tape

    • Bandages

    • Cotton

  • Advanced Dressing

    • Moist Dressing

      • Foam Dressing

      • Hydrocolloid Dressing

      • Film Dressing

      • Alginate Dressing

      • Hydrogel Dressing

      • Collagen Dressing

      • Other Advanced Dressing

    • Antimicrobial Dressing

      • Silver Dressing

      • Non-silver Dressing

    • Active Dressing

      • Biomaterials

      • Skin-substitute

• Application Outlook (Revenue, USD Million, 2018 - 2030)

  • Chronic Wounds

    • Diabetic Foot Ulcers

    • Pressure Ulcers

    • Venous Leg Ulcers

    • Other Chronic Wounds

  • Acute Wounds

    • Surgical & Traumatic Wounds

    • Burns

• End-use Outlook (Revenue, USD Million, 2018 - 2030)

  • Hospitals

  • Specialty Clinics

  • Home Healthcare

  • Others

• Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

    • France

    • Italy

    • Spain

  • Asia Pacific

    • Japan

    • China

    • India

    • Australia

    • South Korea

  • Latin America

    • Brazil

    • Mexico

    • Argentina

    • Colombia

  • Middle East & Africa

    • South Africa

    • Saudi Arabia

    • UAE