Foam Wound Management Dressing Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The global foam wound management dressing market is anticipated to grow at a significant CAGR of 4.6%during the forecast period (2022-2028). Foam wound management dressing comprises hydrocolloid adhesive, sterile polyurethane foam which is used to heal wounds such as burns, open wounds, pressure ulcers, venous ulcers, and diabetic ulcers. The global foam wound management dressing market is growing due to the increasing prevalence of chronic wounds and the high incidence rate of diabetic ulcers. According to an article publishedby the US National Library of Medicine in August 2021, an estimation of the annual incidence of diabetic foot ulcers globally is between 9.1 to 26.1 million. Around 15% to 25% of patients with diabetes mellitus will develop a diabetic foot ulcer during their lifetime. Additionally, the improvement in healthcare infrastructure along with research and development for the advanced treatment options is also driving the growth of the market.

The North American region is anticipated to hold the major share in the global foam wound management dressing market due to the increasing incidence of chronic wounds in this region. According to an article published by the US National Library of Medicine in February 2019, an estimation of around 2% of the total population in the US is to be affected by chronic wounds. The report also states that the wound-closure products industry will exceed $15 billion by 2022.

Some major players in the market include Smith & Nephew plc, 3MCo. Coloplast Corp., Essity Medical Solutions, and DeRoyal among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new launches, to stay competitive in the market.

Market Coverage

• The market number available for – 2022-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Border Type
  • By End-User
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape- Smith & Nephewplc, 3M , Coloplast Corp., Essity Medical Solutions, and DeRoyal, 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 Foam wound management dressing Market Report by Segment

By BorderType

• Adhesive Border
• Silicone Border

By End-User

• Hospitals
• Clinics
• Homecare