Wound Dressings Market

Wound Dressings Market (Type: Traditional Wound Dressings [Basic Wound Care, Wound Closure Products, and Anti-infective Dressings] and Advanced Wound Dressings [Foams, Films, Hydrocolloids, Hydrogels, Hydrofiber, Alginates, and Collagen) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2028

Wound Dressings Market Outlook 2028

  • It was valued at US$ 10.1 Bn in 2020
  • It is estimated to expand at a CAGR of 7.5% from 2021 to 2028
  • It is expected to reach the value of US$ 17.7 Bn by the end of 2028

Analysts’ Viewpoint on Market Scenario

Increasing incidences of chronic and acute wounds is a major factor driving the global wound dressings market. Rising investments in improving healthcare infrastructure, rapidly growing geriatric population, ad prevalence of skin ulcers, tissue necrosis, diabetic foot ulcers are some of the factors propelling the global wound dressing market.

Market contributors in the global market are focusing on introducing innovating wound dressing solution due to rising surgical procedures across the globe. However, high prices of materials needed for wound dressings and increased nursing time for dressings are factors hampering the growth of the global wound dressings industry.

Companies in the global wound dressing market should accelerate their product development and unlock revenue opportunities to obtain competitive benefits. Market stakeholders are extending their services arms to gain a competitive edge in the healthcare sector.

Impact of Global Coronavirus Pandemic on Wound Dressings Market

With significant impact on global economy and businesses, the coronavirus pandemic has put intense pressure on medical & healthcare systems. The global wound dressing market is also negatively affected due to coronavirus pandemic. Insufficient supply of wound dressing solutions and disrupted supply chain have hampered the growth of the global wound dressing market.

The global market is expected to witness lucrative growth opportunities due to nationwide lockdowns, denied wound care services, cancelled or postponed elective surgeries, and increasing skin injuries amid the coronavirus pandemic. Technological advancements in wound care products, along with increasing prevalence of diabetes across the globe are driving the growth of the global market.

Rise in Prevalence of Chronic and Acute Wounds

Increase in number of diabetic patients across the world and rise in prevalence of diabetic foot ulcers are factors projected to drive of the global wound dressing market in the upcoming years.

The growing incidences of chronic wounds such as diabetic foot ulcers, pressure ulcers, and venous leg ulcers caused by various diseases are fueling the growth of the global wound dressings market.

Chronic wounds lead to complications such as infection, ulceration, and insufficient blood supply, thereby increasing the wound healing period. In addition, rise in prevalence of diabetes among patients is likely to propel the demand for advanced wound dressings.

Infections such as cellulitis and infective venous eczema, gangrene, hemorrhage, and lower-extremity amputations are major reasons of chronic wounds.

Increasing R&D Activities in Wound Dressings Drives Market Growth

Surge in investments by key market players and various government organizations in the development of wound dressings is a key factor projected to drive the global market during the forecast period.

Rapidly expanding medicine and pharmaceutical industry, developing advanced products, medicines, and therapies boost the global wound dressings market. The increasing research & development activities by many private and private organizations in order to develop innovative therapies is fueling the expansion of the global market.

Market players are focusing on launching a cell and gene therapy platform within its pharmaceutical division. There is an increasing demand of advanced wound dressing products such as classified into foams, films, hydrocolloids, hydrogels, hydrofiber, alginates, and collagen from the healthcare sector.

Traditional wound dressing products such as gauze, lint, plasters, bandages and cotton wool can be used to protect the wound from contamination. Traditional wound dressings are generally indicated for clean and dry wounds with mild exudate levels or as secondary dressings.

Asia Pacific to Dominate Wound Dressing Market

Asia Pacific is expected to dominate the global market during the forecast period, owing to cost-effective wound care products, affordable healthcare facilities, and prevalence of a large number of injuries among people. Moreover, major economies such as China, India, and Japan also contribute to the market growth due to rapidly improving healthcare infrastructure and rising aging population in the region.

The increasing prevalence of diabetes, chronic wounds, and ulcers is also driving the market growth in Asia Pacific. The rising number of road accidents in Asia Pacific countries contribute to the expansion of the wound dressing market in the region.

Wound Dressings Market: Overview

  • According to Transparency Market Research’s latest report on the global market for the historical period 2017–2019 and forecast period 2021–2028, rise in prevalence of chronic wounds such as diabetic foot ulcers, pressure ulcers, venous leg ulcers, and other issues caused by various diseases is projected to boost the growth of the global market

Rise in Prevalence of Chronic and Acute Wounds: Key Driver

  • Rise in prevalence of chronic wounds such as diabetic foot ulcers, pressure ulcers, venous leg ulcers, and other issues caused by various diseases is expected to fuel the growth of the global wound dressings market during the forecast period. Moreover, rapidly increasing prevalence of diabetes among patients is likely to boost demand for advanced wound dressings.
  • Infections such as cellulitis and infective venous eczema, gangrene, hemorrhage, and lower-extremity amputations are among the complications of chronic wounds. Chronic wounds cause disability, and disability worsens wound outcomes, creating a vicious cycle.
  • Increase in the number of diabetic patients globally and rise in prevalence of diabetic foot ulcers are major drivers of the global wound dressings market

Increase in Investments by Key Players in Research & Development of Wound Dressings

  • Rise in investments by private players and government organizations in the development of wound dressings is a major factor projected to drive the global market during the forecast period
  • The field of medicine is constantly developing, as newer therapies and medicines are launched in the market. Numerous public-private institutes and companies are focused on conducting studies for developing innovative therapies.
  • In December 2020, Bayer AG launched a cell and gene therapy platform within its pharmaceutical division. Moreover, growing product pipeline is anticipated to propel the global market over the next few years.

Increase in Cost of Care of Chronic Wounds

  • The primary cost of wound care is hospitalization. Patients are not allowed to leave until their wounds have healed completely. Hence, any delay in wound closure has a significant cost impact in terms of bed days and other resources within the health system.
  • Another factor that far outweighs the cost of materials is nursing time. Moreover, rise in prevalence of antibiotic resistance and comorbidities such as diabetes, obesity, venous hypertension, and peripheral vascular disease, drive the cost of wound care. These factors are likely to hamper the growth of the global wound dressings market during the forecast period.

Wound Dressings Market: Competition Landscape

  • This report profiles major players in the global market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments
  • The global market is highly fragmented due to presence of a large number of international as well as regional players
  • Leading players operating in the global wound dressings industry are
    • Smith & Nephew plc
    • Johnson & Johnson
    • B. Braun Melsungen AG
    • 3M Healthcare
    • Coloplast A/S
    • Derma Sciences, Inc.
    • ConvaTec, Inc.
    • Kinetic Concepts, Inc.
    • Mölnlycke Health Care AB
    • PAUL HARTMANN AG
    • Systagenix Wound Management Ltd, among others

Key Developments

  • Key players in the global wound dressings market are engaged in regulatory approvals, technologically advanced products, launch of new products, and acquisition & collaborative agreements with other companies. These strategies are likely to fuel the growth of the global market. A few expansion strategies adopted by players operating in the global market are:
    • In February 2020, Integra LifeSciences Holding Corporation, a prominent global medical technology company, announced the launch of AmnioExcel Plus Placental Allograft Membrane, its newest wound care offering to support soft tissue repair. AmnioExcel Plus is a next generation, thicker, tri-layer, non-side precise allograft consisting of amnion-chorion-amnion layers that helps in creating an environment to help close complex wounds.
    • In April 2020, BandGrip and Medline announced an exclusive sale, marketing, and distribution agreement. This partnership will help to enhance the post-operative patient experience.
  • The report on the global market discusses individual strategies, followed by company profiles of manufacturers of wound dressings. The competition landscape section has been included in the report to provide readers with a dashboard view and a company market share analysis of key players operating in the global wound dressings industry.

Wound Dressings Market Snapshot

Attribute

Detail

Market Size Value in 2020

US$ 10.1 Bn

Market Forecast Value in 2028

US$ 17.7 Bn

Growth Rate (CAGR)

7.5%

Forecast Period

2021–2028

Quantitative Units

US$ Bn for Value

Market Analysis

It includes cross segment analysis at global as well as regional level. Moreover, qualitative analysis includes drivers, restraints, opportunities, key trends, and parent industry overview.

Competition Landscape

  • Market share analysis by company (2020)
  • Company profiles section includes overview, product portfolio, sales footprint, key subsidiaries or distributors, strategy & recent developments, and key financials

Format

Electronic (PDF) + Excel

Market Segmentation

  • By Type
    • Traditional Wound Dressings
      • Basic Wound Care
      • Wound Closure Products
      • Anti-infective Dressings
    • Advanced Wound Dressings
      • Foams
      • Films
      • Hydrocolloids
      • Hydrogels
      • Hydrofiber
      • Alginates
      • Collagen

Regions Covered

  • North America
  • Latin America
  • Europe
  • Latin America
  • Middle East & Africa

Countries Covered

  • U.S.
  • Canada
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • China
  • India
  • Japan
  • Australia & New Zealand
  • Brazil
  • Mexico
  • GCC Countries
  • South Africa

Companies Profiled

  • Smith & Nephew plc
  • Johnson & Johnson
  • B. Braun Melsungen AG
  • 3M Healthcare
  • Coloplast A/S
  • Derma Sciences, Inc.
  • ConvaTec, Inc.
  • Kinetic Concepts, Inc.
  • Mölnlycke Health Care AB
  • PAUL HARTMANN AG
  • Systagenix Wound Management Ltd.
  • Other prominent players

Customization Scope

Available upon request

Pricing

Available upon request

Wound Dressings Market - Segmentation

Type
  • Traditional Wound Dressings
    • Basic Wound Care
    • Wound Closure Products
    • Anti-infective Dressings
  • Advanced Wound Dressings
    • Foams
    • Films
    • Hydrocolloids
    • Hydrogels
    • Hydrofiber
    • Alginates
    • Collagen
Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Frequently Asked Questions

What is the total market worth of wound dressings market?

It is expected to reach the value of US$ 17.7 Bn by the end of 2028

What will be the CAGR during the forecast period (2021–2028)?

The CAGR is anticipated to be 7.5% from 2023 to 2031

What are the key driving factors for the growth of the market?

increase in number of diabetic patients across the world and rise in prevalence of diabetic foot ulcers to drive the market

Which region is likely to account for major share during the forecast period?

North America is expected to account for major share during the forecast period

Who are the prominent players in the business?

Smith & Nephew plc, Johnson & Johnson, B. Braun Melsungen AG, 3M Healthcare, Coloplast A/S, Derma Sciences, Inc., ConvaTec, Inc., Kinetic Concepts, Inc

    1. Preface

        1.1. Market Definition and Scope

        1.2. Market Segmentation

        1.3. Key Research Objectives

        1.4. Research Highlights

    2. Assumptions and Research Methodology

    3. Executive Summary: Global Wound Dressings Market

    4. Market Overview

        4.1. Introduction

            4.1.1. Definition

            4.1.2. Industry Evolution / Developments

        4.2. Overview

        4.3. Market Dynamics

            4.3.1. Drivers

            4.3.2. Restraints

            4.3.3. Opportunities

        4.4. Global Wound Dressings Market Analysis and Forecast, 2017–2028

    5. Key Insights

        5.1. Technological Advancements

        5.2. Key Mergers & Acquisitions

        5.3. Regulatory Scenario by Region/globally

        5.4. COVID-19 Pandemics Impact on Industry

    6. Global Wound Dressings Market Analysis and Forecast, by Type

        6.1. Introduction & Definition

        6.2. Key Findings / Developments

        6.3. Market Value Forecast, by Type, 2017–2028

            6.3.1. Advanced Wound Dressings

                6.3.1.1. Foams

                6.3.1.2. Films

                6.3.1.3. Hydrocolloids

                6.3.1.4. Hydrogels

                6.3.1.5. Hydrofiber

                6.3.1.6. Alginates

                6.3.1.7. Collagen

            6.3.2. Traditional Wound Dressings

                6.3.2.1. Basic Wound Care

                6.3.2.2. Wound Closure Products

                6.3.2.3. Anti-infective Dressings

        6.4. Market Attractiveness Analysis, by Type

    7. Global Wound Dressings Market Analysis and Forecast, by Region

        7.1. Key Findings

        7.2. Market Value Forecast, by Region

            7.2.1. North America

            7.2.2. Europe

            7.2.3. Asia Pacific

            7.2.4. Latin America

            7.2.5. Middle East & Africa

        7.3. Market Attractiveness Analysis, by Country/Region

    8. North America Wound Dressings Market Analysis and Forecast

        8.1. Introduction

            8.1.1. Key Findings

        8.2. Market Value Forecast, by Type, 2017–2028

            8.2.1. Advanced Wound Dressings

                8.2.1.1. Foams

                8.2.1.2. Films

                8.2.1.3. Hydrocolloids

                8.2.1.4. Hydrogels

                8.2.1.5. Hydrofiber

                8.2.1.6. Alginates

                8.2.1.7. Collagen

            8.2.2. Traditional Wound Dressings

                8.2.2.1. Basic Wound Care

                8.2.2.2. Wound Closure Products

                8.2.2.3. Anti-infective Dressings

        8.3. Market Value Forecast, by Country, 2017–2028

            8.3.1. U.S.

            8.3.2. Canada

        8.4. Market Attractiveness Analysis

            8.4.1. By Type

            8.4.2. By Country

    9. Europe Wound Dressings Market Analysis and Forecast

        9.1. Introduction

            9.1.1. Key Findings

        9.2. Market Value Forecast, by Type, 2017–2028

            9.2.1. Advanced Wound Dressings

                9.2.1.1. Foams

                9.2.1.2. Films

                9.2.1.3. Hydrocolloids

                9.2.1.4. Hydrogels

                9.2.1.5. Hydrofiber

                9.2.1.6. Alginates

                9.2.1.7. Collagen

            9.2.2. Traditional Wound Dressings

                9.2.2.1. Basic Wound Care

                9.2.2.2. Wound Closure Products

                9.2.2.3. Anti-infective Dressings

        9.3. Market Value Forecast, by Country/Sub-region, 2017–2028

            9.3.1. Germany

            9.3.2. U.K.

            9.3.3. France

            9.3.4. Italy

            9.3.5. Spain

            9.3.6. Rest of Europe

        9.4. Market Attractiveness Analysis

            9.4.1. By Type

            9.4.2. By Country/Sub-region

    10. Asia Pacific Wound Dressings Market Analysis and Forecast

        10.1. Introduction

            10.1.1. Key Findings

        10.2. Market Value Forecast, by Type, 2017–2028

            10.2.1. Advanced Wound Dressings

                10.2.1.1. Foams

                10.2.1.2. Films

                10.2.1.3. Hydrocolloids

                10.2.1.4. Hydrogels

                10.2.1.5. Hydrofiber

                10.2.1.6. Alginates

                10.2.1.7. Collagen

            10.2.2. Traditional Wound Dressings

                10.2.2.1. Basic Wound Care

                10.2.2.2. Wound Closure Products

                10.2.2.3. Anti-infective Dressings

        10.3. Market Value Forecast, by Country/Sub-region, 2017–2028

            10.3.1. China

            10.3.2. Japan

            10.3.3. India

            10.3.4. Australia & New Zealand

            10.3.5. Rest of Asia Pacific

        10.4. Market Attractiveness Analysis

            10.4.1. By Type

            10.4.2. By Country/Sub-region

    11. Latin America Wound Dressings Market Analysis and Forecast

        11.1. Introduction

            11.1.1. Key Findings

        11.2. Market Value Forecast, by Type, 2017–2028

            11.2.1. Advanced Wound Dressings

                11.2.1.1. Foams

                11.2.1.2. Films

                11.2.1.3. Hydrocolloids

                11.2.1.4. Hydrogels

                11.2.1.5. Hydrofiber

                11.2.1.6. Alginates

                11.2.1.7. Collagen

            11.2.2. Traditional Wound Dressings

                11.2.2.1. Basic Wound Care

                11.2.2.2. Wound Closure Products

                11.2.2.3. Anti-infective Dressings

        11.3. Market Value Forecast, by Country/Sub-region, 2017–2028

            11.3.1. Brazil

            11.3.2. Mexico

            11.3.3. Rest of Latin America

        11.4. Market Attractiveness Analysis

            11.4.1. By Type

            11.4.2. By Country/Sub-region

    12. Middle East & Africa Wound Dressings Market Analysis and Forecast

        12.1. Introduction

            12.1.1. Key Findings

        12.2. Market Value Forecast, by Type, 2017–2028

            12.2.1. Advanced Wound Dressings

                12.2.1.1. Foams

                12.2.1.2. Films

                12.2.1.3. Hydrocolloids

                12.2.1.4. Hydrogels

                12.2.1.5. Hydrofiber

                12.2.1.6. Alginates

                12.2.1.7. Collagen

            12.2.2. Traditional Wound Dressings

                12.2.2.1. Basic Wound Care

                12.2.2.2. Wound Closure Products

                12.2.2.3. Anti-infective Dressings

        12.3. Market Value Forecast, by Country/Sub-region, 2017–2028

            12.3.1. GCC Countries

            12.3.2. South Africa

            12.3.3. Rest of Middle East & Africa

        12.4. Market Attractiveness Analysis

            12.4.1. By Type

            12.4.2. By Country/Sub-region

    13. Competition Landscape

        13.1. Market Player - Competition Matrix (by tier and size of companies)

        13.2. Market Share Analysis, by Company, 2020

        13.3. Company Profiles

            13.3.1. 3M Healthcare

                13.3.1.1. Company Overview (HQ, Business Segments, Employee Strength)

                13.3.1.2. Financial Analysis

                13.3.1.3. Growth Strategies

                13.3.1.4. SWOT Analysis

            13.3.2. B. Braun Melsungen AG

                13.3.2.1. Company Overview (HQ, Business Segments, Employee Strength)

                13.3.2.2. Financial Analysis

                13.3.2.3. Growth Strategies

                13.3.2.4. SWOT Analysis

            13.3.3. Coloplast A/S

                13.3.3.1. Company Overview (HQ, Business Segments, Employee Strength)

                13.3.3.2. Financial Analysis

                13.3.3.3. Growth Strategies

                13.3.3.4. SWOT Analysis

            13.3.4. ConvaTec, Inc.

                13.3.4.1. Company Overview (HQ, Business Segments, Employee Strength)

                13.3.4.2. Financial Analysis

                13.3.4.3. Growth Strategies

                13.3.4.4. SWOT Analysis

            13.3.5. Derma Sciences, Inc.

                13.3.5.1. Company Overview (HQ, Business Segments, Employee Strength)

                13.3.5.2. Financial Analysis

                13.3.5.3. Growth Strategies

                13.3.5.4. SWOT Analysis

            13.3.6. Kinetic Concepts, Inc.

                13.3.6.1. Company Overview (HQ, Business Segments, Employee Strength)

                13.3.6.2. Financial Analysis

                13.3.6.3. Growth Strategies

                13.3.6.4. SWOT Analysis

            13.3.7. Medline Industries, Inc.

                13.3.7.1. Company Overview (HQ, Business Segments, Employee Strength)

                13.3.7.2. Financial Analysis

                13.3.7.3. Growth Strategies

                13.3.7.4. SWOT Analysis

            13.3.8. Molnlycke Health Care

                13.3.8.1. Company Overview (HQ, Business Segments, Employee Strength)

                13.3.8.2. Financial Analysis

                13.3.8.3. Growth Strategies

                13.3.8.4. SWOT Analysis

            13.3.9. PAUL HARTMANN AG

                13.3.9.1. Company Overview (HQ, Business Segments, Employee Strength)

                13.3.9.2. Financial Analysis

                13.3.9.3. Growth Strategies

                13.3.9.4. SWOT Analysis

            13.3.10. Smith & Nephew plc

                13.3.10.1. Company Overview (HQ, Business Segments, Employee Strength)

                13.3.10.2. Financial Analysis

                13.3.10.3. Growth Strategies

                13.3.10.4. SWOT Analysis

            13.3.11. Systagenix Wound Management, Ltd.

                13.3.11.1. Company Overview (HQ, Business Segments, Employee Strength)

                13.3.11.2. Financial Analysis

                13.3.11.3. Growth Strategies

                13.3.11.4. SWOT Analysis

    List of Tables

    Table 01: Global Wound Dressings Market Value (US$ Mn) Forecast, by Type, 2017–2028

    Table 02: Global Wound Dressings Market Value (US$ Mn) Forecast, by Region, 2017–2028

    Table 03: North America Wound Dressings Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2028

    Table 04: North America Wound Dressings Market Value (US$ Mn) Forecast, by Type, 2017–2028

    Table 05: Europe Wound Dressings Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2028

    Table 06: Europe Wound Dressings Market Value (US$ Mn) Forecast, by Type, 2017–2028

    Table 07: Asia Pacific Wound Dressings Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2028

    Table 08: Asia Pacific Wound Dressings Market Value (US$ Mn) Forecast, by Type, 2017–2028

    Table 09: Latin America Wound Dressings Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2028

    Table 10: Latin America Wound Dressings Market Value (US$ Mn) Forecast, by Type, 2017–2028

    Table 11: Middle East & Africa Wound Dressings Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2028

    Table 12: Middle East & Africa Wound Dressings Market Value (US$ Mn) Forecast, by Type, 2017–2028

    List of Figures

    Figure 01: Global Wound Dressings Market Value Share Analysis, by Type, 2021 and 2028

    Figure 02: Global Wound Dressings Market Attractiveness Analysis, by Type, 2021–2028

    Figure 03: North America Wound Dressings Market Value (US$ Mn) Forecast, 2017–2028

    Figure 04: North America Wound Dressings Market Value Share Analysis, by Country, 2021 and 2028

    Figure 05: North America Wound Dressings Market Attractiveness Analysis, by Country, 2021–2028

    Figure 06: North America Wound Dressings Market Value Share Analysis, by Type, 2021 and 2028

    Figure 07: North America Wound Dressings Market Attractiveness Analysis, by Type, 2021–2028

    Figure 08: Europe Wound Dressings Market Value (US$ Mn) Forecast, 2017–2028

    Figure 09: Europe Wound Dressings Market Value Share Analysis, by Country/Sub-region, 2021 and 2028

    Figure 10: Europe Wound Dressings Market Attractiveness Analysis, by Country/Sub-region, 2021–2028

    Figure 11: Europe Wound Dressings Market Value Share Analysis, by Type, 2021 and 2028

    Figure 12: Europe Wound Dressings Market Attractiveness Analysis, by Type, 2021–2028

    Figure 13: Asia Pacific Wound Dressings Market Value (US$ Mn) Forecast, 2017–2028

    Figure 14: Asia Pacific Wound Dressings Market Value Share Analysis, by Country/Sub-region, 2021 and 2028

    Figure 15: Asia Pacific Wound Dressings Market Attractiveness Analysis, by Country/Sub-region, 2021–2028

    Figure 16: Asia Pacific Wound Dressings Market Value Share Analysis, by Type, 2021 and 2028

    Figure 17: Asia Pacific Wound Dressings Market Attractiveness Analysis, by Type, 2021–2028

    Figure 18: Latin America Wound Dressings Market Value Share Analysis, by Country/Sub-region, 2021 and 2028

    Figure 19: Latin America Wound Dressings Market Attractiveness Analysis, by Country/Sub-region, 2021–2028

    Figure 20: Latin America Wound Dressings Market Attractiveness Analysis, by Type, 2021–2028

    Figure 21: Middle East & Africa Wound Dressings Market Value Share Analysis, by Country/Sub-region, 2021 and 2028

    Figure 22: Middle East & Africa Wound Dressings Market Attractiveness Analysis, by Country/Sub-region, 2021–2028

    Figure 23: Middle East & Africa Wound Dressings Market Attractiveness Analysis, by Type, 2021–2028

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