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, 2023 - 2030

Report Overview 

The global wound dressing market was valued at USD 13.7 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 4.14% from 2023 to 2030. The rising incidence rate of various wounds such as pressure ulcers, and surgical site wounds, along with a rise in the geriatric population, and the increase in traumatic accidents worldwide is expected to drive the market growth. 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, a rise in the diabetic population is further expected to propel the wound dressing 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 people suffering from diabetes are at risk of developing a diabetic foot ulcer. Thus, as a result of the aforementioned factors, the demand for wound dressing is expected to impel, thereby helping the wound dressing market grow.

Moreover, the geriatric population is more susceptible to wounds, thus, the rising geriatric population is expected to boost the wound dressing market. 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, the geriatric population is expected to require wound dressing to heal wounds. Thereby, impelling the wound dressing market.

Furthermore, there has been an increase in the 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 patients with instant relief. Thus, the rising number of accidents is likely to boost the demand for wound dressing products which is anticipated to lead to substantial growth of the wound dressing market during the forecast period.

The outbreak of the COVID-19 pandemic was expected to lower the use of advanced wound dressing, as they require healthcare advice, thereby restricting the growth of the wound dressing market. However, post-pandemic, the wound dressing market is anticipated to grow at a significant growth rate. This can be attributed to initiatives such as partnership, research & development, geographic expansion, and the 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 the 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 the aforementioned factors, the wound dressing market is expected to boost during the post-pandemic period.

Product Insights

Based on product, the advanced dressing segment is expected to dominate the market with a revenue share of 54.47% in 2022. 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 3.75% over the forecast period. Traditional dressings are most commonly used to treat burn cases, thus, the rising number of burn cases is expected to boost the traditional dressing segment. For instance, according to WHO, on 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 & 10,000 die due to burn-related infections, thereby, boosting the segment growth.

Application Insights

Based on application, the chronic wounds segment dominated the market with a revenue share of 59.92% in 2022. This can be attributed to the increasing incidence of chronic diseases and the 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 increasing in people suffering from diabetes & diabetic foot ulcers. For instance, as per ScienceDirect, diabetic foot ulcers may affect 25% of the diabetic population & 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 the fastest growth rate of CAGR of 4.26% during the forecast period. This can be accredited to the rising number of surgical wounds and surgical site infections worldwide. For instance, as per a study by Wound International, the incidence rate of surgical site infections in general surgery was found to be 11.7%. Similarly, the 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 require wound dressing to heal. Thus, due to the above-mentioned factors, the wound dressing market is expected to impel over the forecast years.

End-use Insights

Based on end-use, the hospital segment dominated the market with a revenue share of 45.21% in 2022. This can be credited to rising surgical procedures and an 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 an increase in the number of hospitals and hospitalization worldwide. For instance, as per the Australian Institute of Health & 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 the 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 4.80% during the forecast period. Home healthcare settings have been increasing in many countries. Moreover, many surgeries require a prolonged recovery period, leading to frequent change of wound dressing. Further, the geriatric population and bariatric population prefer home healthcare settings. Thus, the rising bariatric population & geriatric population is anticipated to boost the home healthcare segment. For instance, as per WHO, world obesity has tripled since 1975. Additionally, as per a similar source, in 2020, wound 39 million children under the age of five were overweight or obese. Thereby, impelling the home healthcare segment during the forecast period.

Regional Insights

Based on region, North America dominated the wound dressing market with a revenue share of 45.47% in 2022. This dominance can be accredited to well-developed healthcare infrastructure, increasing awareness, and the presence of major key players in the region. Additionally, an increase in the number of surgeries in the North American region is expected to impel the wound dressing 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 congenital heart surgery in the U.S. As such surgeries take time to heal, and wound dressing products help in healing these wounds in a quick duration. Hence, wound dressings are preferred post-surgery, thereby, impelling the wound dressing market in the North American region.

However, Asia Pacific is estimated to witness the fastest CAGR of 4.8% during the forecast period. This can be accredited to the proliferating diabetic population in the region. For instance, according to the Down to Earth organization, as of December 2021, India had a 74.2 million diabetic population, which was 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 the Philippines were diabetic. As diabetic people are more prone to diabetic foot ulcers, therefore, an increase in the diabetic population may help the wound dressing market grow in the Asia Pacific region.

Key Companies & Market Share Insights

The market is highly fragmented in nature and has many large and small market players. Competitive rivalry and the degree of competition are expected to be high, which may increase further, as current market players are intensifying their strategies to take hold of the 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 launches, mergers & acquisitions, 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 wound dressing 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 

Global Wound Dressing Market Segmentation

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 this study, Grand View Research has segmented the global wound dressing market report based on 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