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The global hydrocolloid dressing market size is estimated to grow by USD 312.08 million at a CAGR of 4.63% between 2023 and 2028.
The rising incidence and prevalence of acute and chronic wounds are expected to increase the demand for hydrocolloid dressings. Both chronic and acute wounds, such as diabetic foot ulcers, venous ulcers, pressure ulcers, burns, and traumatic ulcers, require moist wound dressings. The market has witnessed an increase in the incidence of these wounds. Furthermore, most of the deaths due to burns occur in low- and middle-income countries, including those in Southeast Asia. Also, pressure ulcers, also called bedsores, generally occur in an area with localized damage to the skin and underlying tissue as a result of pressure and friction. Pressure ulcers remain one of the major health problems globally. Hence, the increase in the incidence of acute and chronic wounds is expected to drive the growth of the market during the forecast period
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The market share growth by the chronic wound segment will be significant during the forecast period. The increasing global prevalence of chronic wounds, such as ulcers, traumatic wounds, and surgical wounds, is expected to drive the demand for hydrogel dressings. According to the Mission Regional Medical Center, 6.7 million people currently live with chronic wounds, and that number is expected to grow by more than two percent in the next decade.
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The chronic wound segment was valued at USD 660.60 million in 2018. Furthermore, globally, both surgical incisions and traumatic wounds caused by accidental injuries account for more than 150 million every year. The number of road traffic accidents is also on the rise. A significant proportion of victims in road traffic accidents incur at least some form of chronic wound injuries in case of prolonged nature of injury. Moreover, factors such as the growing prevalence of chronic wounds and the increasing aging population are expected to increase the need for hydrogel dressings, which, in turn, are anticipated to drive the growth of the chronic wound segment of the market during the forecast period.
The market growth and forecasting analysis and report indicates a significant rise in demand for healthcare supplies, including absorbent dressings, transparent dressings, medical tape, and skin health solutions. This growth trend is driven by various factors such as the increasing prevalence of acute and chronic wounds, the rising number of surgical procedures, and growing awareness about advanced wound care products. Hospitals, as major end-users of these healthcare supplies, are witnessing a shift towards technologically advanced wound care treatments to reduce healthcare costs and minimize the risk of infections. Consequently, the demand for hydrocolloid dressings is on the rise in hospital settings, contributing to the expansion of the global market. This market growth and trends analysis highlight the importance of advanced wound care solutions and the significant role they play in enhancing patient care and outcomes.
Hydrocolloid dressing is a vital component of chronic wound management and acute wound treatment in the healthcare industry. These dressings, along with other medical bandages and adhesive dressings, provide moist wound healing and aid in skin healing solutions.
As part of wound dressing materials, hydrocolloid dressings offer skin barrier protection and are effective in pressure ulcer management and surgical wound care. They are also commonly used in ostomy care products to promote healing and prevent infections.
Healthcare professionals rely on market trends and analysis, market growth analysis, and market research and growth to understand the evolving needs of patients and forecast demand for hydrocolloid dressing products. Accurate market forecasting and market analysis reports help in strategic decision-making and meeting the demands of the hydrocolloid dressing market.
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North America is estimated to contribute 41% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that will shape the market during the forecast period. The increasing number of people with acute and chronic wounds, the increasing adoption of technologically advanced dressings, and the strong presence of leading market players are the major factors expected to boost the growth of the hydrocolloid dressing market in North America.
In addition, the US and Canada are the major revenue contributors to the hydrocolloid dressing market in North America. The US accounts for the largest market share due to the strong presence of major key players. Furthermore, growing awareness about advanced wound care treatments, for example, hydrocolloid dressings, coupled with advances in moist wound dressing technologies, will further drive market growth in the region during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
AMERX Health Care Corp.: The company offers hydrocolloids dressing such as Amerx hydrocolloid dressing that create a moist wound environment and reduce scarring and manage dry to light exudating chronic and acute wounds.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The emergence of nanoparticles to treat wounds is the primary trend shaping market growth. The treatment of wounds represents a significant area for research due to the important physiological and aesthetic role of skin tissue. During the last few years, nanoparticles have emerged as important platforms for the treatment of acute and chronic wounds. Copper, silver, gold titanium, and zinc oxide nanoparticles have shown potential therapeutic effects on wound healing. In addition, the insertion of nanoparticles in different pharmaceutical materials may enhance the beneficial effects of formulations and enable better dose control.
Furthermore, Egyptian researchers have developed a dressing that is infused with nanoparticles for the treatment of wounds using phenytoin. The dressing can heal wounds within a short period. The use of nanoparticles allows the well-controlled release of the drug and aids in its effective distribution, which, in turn, boosts its efficacy. Such developments are expected to drive market growth during the forecast period.
Inherently associated with hydrocolloid wound dressings is a challenge that affects market growth. Based on the cause and the type of wound, several products are available in the market. However, these dressings are also associated with several complications and limitations. For example, hydrocolloid dressings cannot be used for neuropathic ulcers and highly exudating wounds. Furthermore, it might cause tissue damage in body areas prone to more friction.
Moreover, hydrocolloid dressings are also associated with exudate accumulation, leading to maceration and bacterial proliferation, which produces a foul smell in wounds. Also, due to their debriding abilities, they may initially cause the size of the wound to increase. Thus, such limitations and complications of hydrocolloid dressings may impede the growth of the global hydrocolloid dressings market during the forecast period.
The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Hydrocolloid Dressing Market Customer Landscape
The hydrocolloid dressing market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
Hydrocolloid Dressing Market Scope |
|
Report Coverage |
Details |
Page number |
154 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.63% |
Market Growth 2024-2028 |
USD 312.08 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.31 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
North America at 41% |
Key countries |
US, Germany, UK, China, and Japan |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
3M Co., AMERX Health Care Corp., B.Braun SE, Cardinal Health Inc., ConvaTec Group Plc, Covalon Technologies Ltd., DermaRite Industries LLC, Essity AB, Hollister Inc., Integra Lifesciences Corp., Johnson and Johnson, Lohmann and Rauscher GmbH and Co. KG, McKesson Corp., Medline Industries LP, Medtronic Plc, Molnlycke Health Care AB, Paul Hartmann AG, Roosin Medical Co. Ltd , Smith and Nephew plc, and Coloplast AS |
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. |
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. |
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