Global Advanced Wound Dressing Market Size, Share & Trends Analysis Report, By Product (Foam Dressings and Film Dressings), By Application (Chronic Wounds and Acute Wounds), By End-User (Hospitals, Specialty Clinics, and Home Healthcare), Forecast (2022-2028)

The global advanced wound dressing market is anticipated to grow at a CAGR of nearly 5.7% during the forecast period (2022- 2028).  Advanced wound care products are designed to treat acute and chronic wounds. Chronic wounds take more time to heal and are expensive to treat. Advanced wound care is developing as a standard solution for treating chronic wounds. Apart from the traditionally used materials, newly used foams, hydrocolloids, hydrofibers, films, alginates, collagen, hydrogels, wound contact layers, and other advanced dressings such as honey, charcoal, negative pressure wound therapy are all being used as part of advanced wound care dressing. There is an increased number of innovative products which are introduced for the treatment of patients suffering from wound-related concerns such as ulcers and diabetes. Also, the rise in diseases that take a long time for healing requires such advanced wound care solutions for better treatment. These factors are expected to drive the growth of the market.

Furthermore, the rising number of road accidents, with growing incidence of surgical, chronic wounds, and increase in burning injuries are also expected to propel the growth of the market. Additionally, benefits such as less time duration in the stay of the hospital in order to reduce the surgical healthcare expenses and with the growing people preference that enhance therapeutic outcomes are also driving the demand for the market. The foam segment is expected to drive the market as foam dressings are usually made up of polyurethane foam. Foam dressings are mainly applied to wounds that are heavily exuding wounds. The advantages such as moisture wound healing, non-adherent nature, and bacterial barrier are increasing the adoption of foam dressings.

Some major players in the market include 3M Co., Smith & Nephew plc, and Baxter International Inc, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in March 2020, Smith & Nephew plc (UK) launched the PICO 14 Single-use NPWT System (NPWT) and dressing in the US. Additionally, in June 2019, Mölnlycke Health (Sweden) partnered with Zuellig Pharma Holdings Pte (Singapore) to leverage its deep expertise to improve the availability of wound care products and solutions across the region.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Product
  • By Application
  • By End-User
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape- 3M Co., Smith & Nephew plc, and Baxter International Inc, among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Advanced Wound Dressing Market Report by Segment

By Product

• Foam Dressings
• Film Dressings

By Application

• Chronic Wounds
• Acute Wounds

By End-User

• Hospitals
• Specialty Clinics
• Home Healthcare

Global Advanced Wound Dressing Market Report by Region

North America

• United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East & Africa