Global Moist Wound Dressings market demand 2024, Forecast To 2033
4 Mar, 2024
The moist wound dressings market size has grown strongly in recent years. It will grow from $4.32 billion in 2023 to$4.6 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to market competition and innovation, regulatory support and approvals, increased awareness and education, reduced healing time, wound care standards, and guidelines. The moist wound dressings market size is expected to see strong growth in the next few years. It will grow to $5.94 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to telemedicine and remote wound management, focus on patient-centric care, rising demand for advanced wound care, prevalence of chronic diseases, and the growing aging population. Major trends in the forecast period include wound moisture management, telemedicine integration, customization, and tailored solutions, smart dressings with monitoring capabilities, antimicrobial and antiseptic dressings.
Global Moist Wound Dressings Market Key Driver
An increasing incidence of diabetes cases is expected to propel the growth of the moist wound dressings market going forward. Diabetes is a disease that occurs when blood sugar levels are high. Wound management is essential for people suffering from diabetes and includes the use of dressings and topically-applied medications. For instance, In December 2021, according to the statistics published by International Diabetes Federation, a Belgium-based, non-profit diabetes association 2021, 537 million adults (20-79 years) recorded living with diabetes, and 6.7 million people died of diabetes in 2021. However, by 2030, it is anticipated that there will be 643 million people worldwide will have diabetes. Therefore, the increasing incidence of diabetes cases is driving the growth of the moist wound dressings market. In 2023, the market size for moist wound dressings is valued at X, and it is projected to reach Y by 2028.
Get A Free Sample Of The Global Moist Wound Dressings Market ReportGlobal Moist Wound Dressings Market Segments
The global moist wound dressings market covered in this report is segmented –
1) By Product: Foam, Alginate, Hydrocolloid, Hydrogel, Others Products
2) By Application: Burn Wounds, Pressure Ulcer, Diabetic Ulcer, Surgical Wounds, Others Applications
3) By End User: Hospitals, Homecare, Others End Users
By Geography: The regions covered in the moist wound dressings market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
North America was the largest region in the moist wound dressings market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the moist wound dressings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Moist Wound Dressings Industry Players
3M Company, Smith & Nephew PLC, Derma Sciences Inc., ConvaTec Group PLC, Coloplast A/S, Medline Industries Inc., Cardinal Health Inc., B. Braun Medical Inc., Scapa Group Ltd., Mölnlycke Health Care AB, Integra LifeSciences Holdings Corporation, Advin Health Care, Advanced Medical Solutions Group PLC, URGO Group, Acelity L.P. Inc., Winner Medical Co. Ltd., Fleming Medical Limited, Essity AB, AMERX Health Care Corporation, Johnson & Johnson, McKesson Medical-Surgical Inc., Hollister Incorporated, Lohmann & Rauscher International GmbH & Co. KG, Medtronic plc., Paul Hartmann AG, Baxter International Inc., Beiersdorf AG, Kinetic Concepts Inc., Organogenesis Inc., Systagenix Wound Management Ltd.
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Moist Wound Dressings Market Overview
Moist wound dressing refers to protecting and fighting against microbial infections and the spreading of wounds. The moist environment created by moist wound dressings aids in the quicker healing of wounds. It is used for creating a temporary physical barrier of protection, soaking up wound drainage, and supplying the moisture essential for optimum re-epithelialization.
Moist Wound Dressings Global Market Report 2023 provides data on the global moist wound dressings market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The moist wound dressings market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.