Wound Dressing Market (By Product: Traditional Dressing, Advanced Dressing; By Application: Chronic Wounds, Acute Wounds; By End Use: Hospital, Home Healthcare) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2022-2030

The global wound dressing market size was estimated at around USD 13.12 billion in 2021 and it is projected to hit around USD 18.9 billion by 2030, growing at a CAGR of 4.14% from 2022 to 2030.

Report Highlights

• Based on product, the advanced dressing segment is expected to dominate the market with a revenue share of 54.3% in 2021. 
• The traditional dressing segment is expected to witness a considerable CAGR of 3.6% over the forecast period. 
• Based on application, the chronic wounds segment dominated the market with a revenue share of 59.89% in 2021. 
• The acute wounds segment is projected to witness the fastest growth rate of CAGR of 4.18% during the forecast period. 
• Based on end-use, the hospital segment dominated the market with a revenue share of 45.17% in 2021. 
• The home healthcare segment is projected to witness the fastest CAGR of 4.79% during the forecast period. 
• Based on region, North America dominated the wound dressing market with a revenue share of 45.34% in 2021. 
• Asia Pacific is estimated to witness the fastest CAGR of 4.77% during the forecast period. 

An increasing number of people suffering from chronic wounds, a rise in technologically advanced dressing, and rising cases of traumatic accidents are expected to be the key driving factors for the market.

There has been an increase in the number of people suffering from chronic disorders such as diabetes, as a result, the number of people suffering from diabetic foot ulcers is increasing. For instance, as per the International Diabetes Federation, an estimated population of 61 million people aged between 20-79 years living in Europe were suffering from diabetes. Similarly, according to NCBI, the incidence rate of diabetes foot ulcers globally is between 9.1 million to 26.1 million annually. Thus, the rise in diabetes and diabetic foot ulcer patients is increasing the demand for wound dressing products, thereby impelling the market over the forecast period.

Moreover, there has been a global increase in the number of traumatic accidents such as burns, gunshots, and road accidents. For instance, according to stats by WHO, approximately 11 million burn cases occur worldwide, which leads to 180,000 deaths globally, Similarly, as per NCBI, every day, more than 30,000 burn cases are registered globally. Therefore, the rising global number of burn cases is anticipated to impel market growth over the forecast period.

The outbreak of COVID-19 resulted in nationwide lockdowns worldwide, and as a result, the growth of the market was restricted to a certain extent. However, the market is projected to witness a significant growth rate during the post-pandemic period. This can be attributed to various strategies such as product launches, partnerships, and geographic expansion used by leading market players. For instance, in December 2020, Molnlycke Health Care AB launched a new distribution in the U.K. It was a strategic move, strengthening their supply chain to increase the product reach in the U.K. population. Thus, as a result of the aforementioned factors, the market is expected to have significant growth during the post-pandemic period, thereby, propelling the market.

Scope of The Report

Product Insights

Based on product, the advanced dressing segment is expected to dominate the market with a revenue share of 54.3% 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 3.6% 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 59.89% in 2021. 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 4.18% 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 45.17% in 2021. 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 4.79% 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 45.34% in 2021. 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 4.77% 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 Players

• 3M
• Coloplast Corp.
• Medline Industries
• Smith & Nephew
• Medtronic
• ConvaTec Group PLC
• Derma Sciences (Integra LifeSciences)
• Ethicon (Johnson & Johnson)
• Baxter International
• Molnlycke Health Care AB

Market Segmentation

• By Product Outlook
• 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

• By Application Outlook
• Chronic Wounds

• Diabetic Foot Ulcers

• Pressure Ulcers

• Venous Leg Ulcers

• Other Chronic Wounds

• Acute Wounds

• Surgical & Traumatic Wounds

• Burns

• By End-use Outlook
• Hospitals
• Specialty Clinics
• Home Healthcare
• Others
• By Regional Outlook
• 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