Moist Wound Dressings Market (By Product: Foam Dressings, Film Dressings; By Application: Acute Wounds, Chronic Wounds; By End Use: Hospitals, Home Healthcare) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2022 – 2030

Published Date : Feb 2021 | No. of Pages : 250 Pages | Category : Healthcare

According to Vision Research Reports, the Moist Wound Dressings market size was reached at US$ 4.2 billion in 2021 and is expected to be worth around US$ 6.9 billion by 2030, poised to grow at a CAGR of 6.8% during forecast period 2022 to 2030.

Growth Factors

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.

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

The foam dressings segment held the largest revenue share of over 201% in 2021 in terms of revenue due to the soft and comfortable feel of these dressings. Moreover, they help prevent and stop exudation from burn injuries, which is also driving the segment. 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 the American Burn Association, approximately 450,000 patients are hospitalized due to burns each year and the risk of infection is higher in these patients.Based on product, the market is segmented into foam dressings, hydrocolloid dressings, film dressings, alginate dressings, hydrogel dressings, collagen dressings, and other advanced dressings. These wound dressings are recommended for chronic wounds like pressure and diabetic foot ulcers and burn injuries as they help create and maintain a moist environment, which facilitates a faster healing process.

Application Insights

The chronic wounds segment held the largest revenue share of over 55.0% in 2021. This can be attributed to the rising number of various chronic wounds. For instance, according to new statistics by The British Diabetic Association, in 2021, around 4.1 million people in the U.K. were living with some type of diabetes, whereas 850,000 people were expected to be living with type 2 diabetes, which was yet to be diagnosed. Additionally, as per the NCBI, the annual incidence rate of diabetic foot ulcers is predicted to be around 2% - 5%. The lifetime risk of diabetic foot ulcers is projected to be 15% - 20%. Therefore, as a result of the above-mentioned factors, the chronic wound segment is expected to dominate the market during the forecast period.

The acute wounds segment is anticipated to be the fastest-growing application segment due to the increasing prevalence of the disease and related complications. 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

The hospitals segment captured the largest revenue share of over 41% in 2021 and this trend is projected to continue over the forecast period. This growth can be primarily attributed to the rising number of surgeries performed in these settings. On the basis of end-use, the market can be categorized into hospitals, specialty clinics, home healthcare, and others.

The hospitals segment is also driven by the increasing prevalence of chronic diseases and wounds. In addition, the high prevalence of hospital-acquired infections is anticipated to further drive the segment. The home care settings segment is anticipated to register a growth rate of 6.1% over the forecast period.

Regional Insights

North America held the largest revenue share of over 46% in 2021 owing to the presence of the target population and increased patient awareness levels. The market is estimated to expand further due to the increasing cases of chronic wounds, such as diabetic foot and pressure ulcers, in the region. As per the CDC, around 2.5 million patients suffer from pressure ulcers annually. The easy availability of products as a result of the presence of major market players and their wide distribution network will also contribute to the regional market growth.

Asia Pacific is expected to witness lucrative growth over the forecast period as this region holds potential growth opportunities for the market. Moreover, the presence of emerging nations like Thailand, Malaysia, and Singapore is anticipated to fuel market growth.

Key Players

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.

Market Segmentation

  • Product Outlook 

    • Foam

    • Alginate

    • Films

    • Hydrocolloid

    • Hydrogel

  • Application Outlook 

    • Pressure Ulcers

    • Diabetic Ulcers

    • Burn Wounds

    • Surgical Wounds

    • Traumatic Wounds

    • Others

  • End-use Outlook 

    • Hospitals

    • Homecare

    • Others

  • Regional Outlook 

    • The U.S.

    • Europe

      • Germany

      • The U.K.

    • Southeast Asia

      • Thailand

      • Indonesia

    • Central & South America

      • Brazil

      • Mexico

    • Rest of the World

The Moist Wound Dressings market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Moist Wound Dressings market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Moist Wound Dressings market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Moist Wound Dressings market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Moist Wound Dressings market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Moist Wound Dressings capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Moist Wound Dressings by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Moist Wound Dressings market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Moist Wound Dressings market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Moist Wound Dressings market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Moist Wound Dressings industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Moist Wound Dressings market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Moist Wound Dressings market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Moist Wound Dressings market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Moist Wound Dressings market. These factors have benefited the growth of the global market for Moist Wound Dressings. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Moist Wound Dressings. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Moist Wound Dressings are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2021
  • Forecast Year 2022 to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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