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The moist wound dressings market is estimated to grow at a CAGR of 5.9% between 2022 and 2027. The size of the market is forecast to increase by USD 1,365.75 million. The growth of the market depends on several factors, including the increasing incidence and prevalence of acute and chronic wounds, the launch of novel products, and the increasing geriatric population
This report extensively covers market segmentation by product (foam dressings, hydrocolloid dressings, alginate dressings, film dressings, and others), end-user (hospitals, specialty clinics, home healthcare, and others), and geography (North America, Europe, Asia, and Rest of World (ROW)). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Technavio categorizes the global moist wound dressings market as a part of the global healthcare supplies market that primarily covers manufacturers of medical products, including all categories of supplies, such as consumables and disposables, including safety needles, syringes, and catheters. The parent global healthcare supplies market covers products and companies engaged in R&D of a variety of product categories spanned across medical consumables that are used for the diagnosis and treatment of various diseases. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.
The increasing incidence and prevalence of acute and chronic wounds are notably driving the market growth, although factors such as the high cost of wound treatment may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Moist Wound Dressings Market Driver
One of the key factors driving the market growth is the increasing incidence and prevalence of acute and chronic wounds. The increasing incidence and incidence of acute and chronic wounds are expected to increase the need for moist dressings. Chronic and acute wounds, such as diabetic foot ulcers, venous ulcers, pressure ulcers, burns, and traumatic ulcers, require moist dressings. The market has seen an increase in the incidence of the aforementioned types of wounds.
Furthermore, most of the deaths due to burns occur in low and middle-income countries, including those in Southeast Asia. Burn injuries are highly prevalent in Bangladesh, India, and Nepal. For instance, 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 global moist wound dressings market during the forecast period.
Significant Moist Wound Dressings Market Trend
The advent of combination dressings is the major trend influencing the moist wound dressings market growth. Combination dressings are made from different types of dressing materials, such as combinations of foam and gauze, alginate and silver ions, and alginate and sodium carboxymethylcellulose. Antibacterial agents, such as honey and silver, are increasingly used in wet dressings. Moreover, several vendors operating in the market offer combination dressings, including Coloplast and Integra LifeSciences.
Furthermore, due to the advantages of combination dressings, researchers are now focusing on developing novel dressings that accelerate the healing process. According to the pre-clinical trials, the researchers found that this combination therapy reduced the healing time by half and, at the same time, provided significantly improved outcomes with the regeneration of hair follicles and the restoration of the skin on the site of the wound. Therefore, the advent of combination dressings will contribute to market growth during the forecast period.
Major Moist Wound Dressings Market Challenge
The high cost of wound treatment is one of the key challenges hindering the moist wound dressings market growth. The high cost of wound treatment including wet dressings could pose a challenge to the global wet dressings market. Chronic, difficult-to-heal skin wounds, such as diabetic foot ulcers, burns, and pressure sores, place a significant economic burden on patients as well as the entire care system. health care due to the high costs associated with patient care. during hospital admissions and clinic visits, dressing changes, nursing care, and hospitalization.
Furthermore, due to the increasing elderly population worldwide and the high prevalence of chronic diseases among the older population, it is predicted that the number of patients with chronic wounds will continue to rise. In addition, the growing prevalence of antibiotic resistance and co-morbidities, such as obesity, diabetes, and venous hypertension, also increases the cost of wound care. This may inhibit the growth of the global moist wound dressings market during the forecast period.
Key Moist Wound Dressings Market Customer Landscape
The 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 Moist Wound Dressings Market Customer Landscape
Vendors 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.
3m.com - The company offers moist wound dressings that are made with a thin, semi-permeable film that enables long wear time and full site visibility to minimize unnecessary dressing changes.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors 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 vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the foam dressings segment will be significant during the forecast period. Foam dressings are majorly used as moist wound dressings. They are designed to achieve one of the main goals of wound care, which is to create a moist environment for favorable wound healing. They are highly non-adherent, absorbent, and non-linting. They are made up of hydrophobic and hydrophilic foam with adhesive borders. They allow water vapor to enter and are impermeable to bacteria and other contaminants.
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The foam dressings segment was valued at USD 1,094.35 million in 2017 and continue to grow by 2021. Foam dressings are available in two different types, namely, true foam dressings and pseudo foam dressings. Pseudo-foam dressings draw in the fluid and expand physically as they retain the fluid, whereas true foam dressings draw the fluid into air spaces as they contain hydrophilic polyurethane foam. These foam dressings are used for various conditions, such as venous ulcers, draining of peristomal wounds, infected ulcers, cavity wounds, and diabetic foot ulcers. In the case of burn injuries, foam dressings are used for skin grafts and minor burns. Foam dressings can be used as either a primary dressing by making direct contact with the wound or as a secondary dressing by covering a primary dressing to provide protection. These factors will facilitate market growth during the forecast period.
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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 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 vendors are the major factors expected to boost the growth of the moist wound dressings market in North America during the forecast period. The US and Canada are the major revenue contributors to the moist wound dressings market in North America. The US accounts for the largest market share due to the strong presence of major key vendors. Furthermore, growing awareness about advanced wound care treatments, for example, moist wound dressings, coupled with advances in moist wound dressing technologies, will further drive market growth in the region.
The moist wound dressings market in North America witnessed slow growth, mainly in 2020, owing to the outbreak of COVID-19, which severely affected countries such as the US and Canada. However, in H2 2021, lockdown restrictions in various countries were lifted due to the initiation of large-scale vaccination drives, which helped in the resumption of business activities. Moreover, the increasing adoption of technologically advanced products, the rise in the prevalence of acute wounds, the rise in healthcare expenditure, and the growth in the number of advanced healthcare facilities are some major factors that are expected to help recover and stabilize the growth of the moist wound dressings market in the region during the forecast period.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by Product (Foam dressings, Hydrocolloid dressings, Alginate dressings, Film dressings, and Others), End-user (Hospitals, Specialty clinics, Home Healthcare, and Others), and Geography (North America, Europe, Asia, and Rest of World (ROW)).
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Moist Wound Dressings Market Scope |
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Report Coverage |
Details |
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Page number |
173 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.9% |
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Market growth 2023-2027 |
USD 1,365.75 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
4.98 |
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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 41% |
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Key countries |
US, Canada, UK, Germany, and China |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
3M Co., Axio Biosolutions Pvt Ltd, B. Braun SE, Beiersdorf AG, Cardinal Health Inc., Coloplast Corp., ConvaTec Group Plc, DeRoyal Industries Inc., Essity Aktiebolag, Exciton Technologies, Goldwin Medicare Ltd., Hollister Inc., Integra Lifesciences Holdings Corp., Lohmann and Rauscher GmbH and Co. KG, Medline Industries LP, Molnlycke Health Care AB, Smith and Nephew plc, Trusetal Verbandstoffwerk GmbH, Van Heek Medical, and Vernacare |
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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, Market condition analysis for 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. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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