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The bioactive wound dressing market share is expected to increase by USD 1.17 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.63%.
This bioactive wound dressing market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers bioactive wound dressing market segmentation by type (moist wound care, active wound care, and antimicrobial care) and geography (North America, Europe, Asia, and Rest of World (ROW)). The bioactive wound dressing market report also offers information on several market vendors, including 3M Co., Axio Biosolutions Pvt Ltd, B. Braun SE, Coloplast AS, ConvaTec Group Plc, Covalon Technologies Ltd., DermaRite Industries LLC, ETS Wound Care LLC, Hollister Inc., Integra Lifesciences Holdings Corp., Johnson and Johnson, Mediterra, Medtronic Plc, MiMedx Group Inc., Molnlycke Health Care AB, Organogenesis Inc., Paul Hartmann AG, Smith and Nephew plc, and UEG Medical among others.
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The increasing prevalence of acute and chronic wounds is notably driving the bioactive wound dressing market growth, although factors such as limitations or complications associated with wound care products may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the bioactive wound dressing industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Bioactive Wound Dressing Market Driver
The increasing prevalence of acute and chronic wounds is one of the key drivers fueling the bioactive wound dressing market growth. There is an increase in the number of patients diagnosed with acute and chronic wounds due to the increased aging population and increasing prevalence of lifestyle diseases. Globally, the increasing prevalence of acute wounds, such as surgical wounds and traumatic wounds caused by abrasion, puncture, laceration, and incision, and chronic wounds, such as diabetic ulcers, venous ulcers, and pressure ulcers, is estimated to increase the demand for bioactive wound dressing products. According to the National Institutes of Health (NIH), in the US, in 2020, nearly 2% of the total population was estimated to be negatively affected by chronic wounds. This, in turn, will drive market growth during the forecast period.
Key Bioactive Wound Dressing Market Trend
Significant demand from the geriatric population is one of the key bioactive wound dressing market trends propelling the market growth. Primarily, the geriatric population is more susceptible to fall injuries than other age groups due to which the demand for bioactive wound dressings by the geriatric population is high. These bioactive wound dressings are used for treating chronic wounds caused by the high prevalence of venous insufficiency and diabetes. According to the CDC, in 2020, around 30% of people aged 65 years or above will suffer from diabetes in the US, and the prevalence of diabetes among the elderly is expected to increase significantly. As a result, the demand for wound care therapies by the geriatric population has increased, which will further propel the market growth in the coming years.
Key Bioactive Wound Dressing Market Challenge
Limitations or complications associated with wound care products is one of the factors limiting the bioactive wound dressing market growth. For instance, the moist wound environment created by foam dressings restricts the occurrence of autolysis, it can macerate the peri-wound skin if it becomes saturated. Furthermore, patients using hydrogel dressings may require secondary dressings and may experience sensitivity to preservatives. In some healthcare settings, these challenges have led to restrictions in the availability or complete withdrawal of silver dressings. Wound therapy devices are also associated with many complications and side effects. Some potential side effects of hyperbaric oxygen therapy (HBOT) include pressure-related trauma to the eyes or nose, nearsightedness, and decompression sickness. Such complications and limitations will hinder the market growth during the forecast period.
This bioactive wound dressing market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global bioactive wound dressing market as a part of the global healthcare supplies market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the bioactive wound dressing market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the bioactive wound dressing market encompasses successful business strategies deployed by the key vendors. The bioactive wound dressing market is fragmented and the vendors are deploying growth strategies such as expanding their business strategic alliances and collaborations to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The bioactive wound dressing market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the bioactive wound dressing market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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36% of the market’s growth will originate from North America during the forecast period. The US is the key market for the bioactive wound dressing market in North America. Market growth in this region will be slower than the growth of the market in other regions.
The emergence of new urgent care facilities will facilitate the bioactive wound dressing market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the outbreak of COVID-19 negatively impacted regional market growth, owing to a halt in operational procedures. However, the regional bioactive wound dressing market started to recover from H1 2021. Since the number of COVID-19 cases started to decline owing to vaccination drives in the region, clinics and surgical centers witnessed increasing demand for bioactive wound dressing for dressing and surgeries in 2021, which is expected to continue during the forecasted period as well.
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The bioactive wound dressing market share growth in the moist wound care segment will be significant during the forecast period. The moist wound dressings segment is the major contributor of revenue to the global bioactive wound dressing market. This is due to its various advantages, such as promoting fast healing of wounds, providing enhanced autolytic debridement, decreasing the incidence of wound infection, accelerating angiogenesis and wound contraction, stimulating collagen synthesis, and reducing wound pain and scarring. Moreover, many end-users are increasingly opting for moist wound dressings as they maintain a hydrated environment around the wound site, ensure oxygen flow, remove dead tissues, provide protection from exogenous infection, and are cost-effective and easy to use.
This report provides an accurate prediction of the contribution of all the segments to the growth of the bioactive wound dressing market size and actionable market insights on post COVID-19 impact on each segment.
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Bioactive Wound Dressing Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.63% |
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Market growth 2022-2026 |
$ 1.17 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
5.06 |
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Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
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Performing market contribution |
North America at 36% |
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Key consumer countries |
US, Germany, France, UK, and Japan |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
3M Co., Axio Biosolutions Pvt Ltd, B. Braun SE, Coloplast AS, ConvaTec Group Plc, Covalon Technologies Ltd., DermaRite Industries LLC, ETS Wound Care LLC, Hollister Inc., Integra Lifesciences Holdings Corp., Johnson and Johnson, Mediterra, Medtronic Plc, MiMedx Group Inc., Molnlycke Health Care AB, Organogenesis Inc., Paul Hartmann AG, Smith and Nephew plc, and UEG Medical |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Type
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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