Global Market Analysis: Advanced Wound Dressing Products Sector 2023-2030
Advanced Wound Dressing Products Industry | Forecast 2030
Advanced Wound Dressing Products Industry Data Book - Foam Dressings, Hydrocolloid Dressings, Film Dressings, Alginate Dressings, Hydrogel Dressings and Collagen Dressings Market
Grand View Research’s advanced wound dressing products industry databook is a collection of market sizing information & forecasts, regulatory data, reimbursement structure, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.
Advanced Wound Dressing Products Industry Data Book Coverage Snapshot
Markets Covered
- Advanced Wound Dressing Products Industry USD 7,442.0 million in 2022, 4.46% CAGR (2023-2030)
- Foam Dressings Market Size USD 1,746.8 million in 2022, 4.71% CAGR (2023-2030)
- Alginate Dressings Market Size USD 902.9 million in 2022, 4.13% CAGR (2023-2030)
- Hydrocolloid Dressings Market Size USD 1,383.6 million in 2022, 5.01% CAGR (2023-2030)
- Hydrogel Dressings Market Size USD 883.8 million in 2022, 4.30% CAGR (2023-2030)
- Film Dressings Market Size USD 1,518.7 million in 2022, 4.57% CAGR (2023-2030)
- Collagen Dressings Market Size USD 691.7 million in 2022, 3.77% CAGR (2023-2030)
Access the Global Advanced Wound Dressing Products Industry Data Book, 2022 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies
Hydrogel Dressing Market Growth & Trends
The global hydrogel dressing market size is anticipated to reach USD 1.24 billion by 2030, registering a CAGR of 4.28%, according to a new report by Grand View Research, Inc. The market growth can be accredited to the rising prevalence of chronic wounds globally. The properties of hydrogel-based dressings can be adjusted much more easily compared to conventional chronic wound therapy methods. Moreover, owing to their adaptability and versatility, hydrogel dressings can be loaded with cells, antibacterial, antiviral, and antifungal agents, growth factors, and biomolecules to hasten wound contraction and healing. Furthermore, their ability to create in situ and cytocompatible chemical crosslinking these dressings may be easily applied to irregular or deep wounds. Thereby, owing to the above-mentioned advantages is expected to impel the hydrogel dressing market.
Massive research is being conducted in order to create novel hydrogel products from natural sources such as animal tissues, plant extracts, extracellular matrix, and others. Firms are extensively spending on R&D and are continuously working on achieving positive clinical trial results. For instance, Remedor Biomed Ltd. is conducting clinical studies on a hydrogel containing erythropoietin to treat diabetic foot ulcers. In addition, a variety of peptides are being studied in clinical studies for their wound-healing abilities. Thus, rigorous clinical studies to commercialize novel hydrogel dressing products are expected to drive the growth of the hydrogel dressing market in the near term.
Order your copy of the Free Sample of “Advanced Wound Dressing Products Industry Data Book - Foam Dressings, Hydrocolloid Dressings, Film Dressings, Alginate Dressings, Hydrogel Dressings and Collagen Dressings Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research
Alginate Dressing Market Growth & Trends
The global alginate dressing market size is anticipated to reach USD 1.24 billion by 2030, registering a CAGR of 4.10% over the forecast period, according to a new report by Grand View Research, Inc. The market growth is mainly driven by the rising prevalence of chronic & acute wounds globally. For instance, as per a study by the NCBI, the prevalence rate of chronic wounds in the general population was calculated to be 2.21 per 1,000 populations in 2018. Similarly, as per Lippincot Williams & Wilkins Journals, the total prevalence rate of chronic wounds was estimated to be 16.8 per 1,000 hospital inpatients in Northern China. Thereby, impelling the industry growth. In addition, an increase in the number of traumatic accidents, such as road accidents, burn cases, gunshot wounds, etc., across the globe is expected to further boost industry growth.
Go through the table of content of Advanced Wound Dressing Products Industry Data Book to get a better understanding of the Coverage & Scope of the study
Film Dressing Market Growth & Trends
The global film dressing market size is anticipated to reach USD 2,165.41 million by 2030, registering a CAGR of 4.54% during the forecast period, according to a new report by Grand View Research, Inc. The film dressing market growth can be accredited to the rising prevalence of chronic wounds, globally. People with diabetic foot ulcers are becoming more common, due to the rise in the population of those with chronic illnesses such as diabetes.
For instance, the International Diabetes Federation estimates that 61 million people in Europe between the age of 20 and 79 have diabetes. The incidence rate of diabetic foot ulcers, according to NCBI, ranges from 9.1 million to 26.1 million per year worldwide. Thus, the rise in diabetes and diabetic foot ulcer patients is driving the film dressing market during the forecast period.
Hydrocolloid Dressing Market Growth & Trends
The global hydrocolloid dressing market size is anticipated to reach USD 2.04 billion by 2030, registering a CAGR of 4.99% over the forecast period, according to a new report by Grand View Research, Inc. Increasing prevalence of chronic and acute wounds, rapidly aging population, rising number of diabetic patients, and surge in research and development activities are among the major factors driving the market growth. The rising prevalence of chronic wounds, such as diabetic foot ulcers and pressure ulcers, among the general population is likely to increase the number of patients getting treatment and fuel the adoption of hydrocolloid dressings.
Foam Dressing Market Growth & Trends
The global foam dressing market size is anticipated to reach USD 2.5 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.7% from 2022 to 2030. A few of the key drivers propelling the market growth include an increase in surgical cases, a rapidly aging population, and an increase in the number of diabetes patients. For instance, according to the World Economic Forum, the current population of Japanese people above 65 years of age is 25% of the total population. This number is further expected to rise to 40% by 2060. Older people are more likely to sustain wounds, thus, the market for foam dressing is expected to grow throughout the forecast period.
An increase in the number of obese/overweight people is another fueling factor of the market. For instance, according to an article by Sage Journals & Indian Academy of Neurosciences, 2021, the number of obese people in India is estimated to be 135 million. Similarly, as per the Obesity Evidence Hub, two-thirds of the Australian people, i.e., 35.6% are overweight, whereas, 31.3% are expected to be obese. These situations are anticipated to raise demand for bariatric treatments and other related surgeries, driving the growth of the market over the anticipated time frame.
Competitive Landscape
The market is highly fragmented in nature with the presence of several small and large manufacturers. Competitive rivalry and degree of competition in the wound market is expected to intensify over the forecast period due to the presence of many players in the market. Furthermore, leading players are involved in collaborations, product launches, mergers and acquisitions to strengthen their product portfolios.
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