Moist Wound Dressings Market To Reach $6.50 Billion By 2030

Moist Wound Dressings Market Growth & Trends

The global moist wound dressings market size is expected to reach USD 6.50 billion by 2030, registering a CAGR of 5.49% from 2023 to 2030, according to a new report by Grand View Research, Inc. The increasing cases of acute & traumatic wounds, lacerations, diabetic ulcers, and chronic wounds, such as surgical and diabetic, are expected to boost market growth. According to a report by Elsevier, about 300 million acute wound injuries occur per year.The COVID-19 pandemic had a negative impact on the market growth. According to a study, patients with chronic leg ulcers were on the receiving end of collateral damage caused by restricted access to non-essential health services and overburdened healthcare systems during the pandemic. The same study showed that almost 75% of patients suffering from ulcers discontinued their treatment due to pandemic restrictions. The ongoing R&D in the healthcare field is leading to the development of new products. For instance, the advent of keratin-based wound care products.

These products facilitate wound re-epithelialization but also form part of dressings and aid in wound healing as the keratin matrix in them gets absorbed in the wound, thereby eliminating the need to change the dressing. Furthermore, the introduction of novel therapies, such as electromagnetic therapy, electrical stimulation, nanotechnology, and the use of silver and other combination dressings are boosting the market growth. These advancements ensure better wound care during any trauma, thereby supporting the market growth. Similarly, new products in the pipeline are anticipated to augment the market growth over the forecast period. For instance, researchers at the Massachusetts Institute of Technology in the U.S., the University of Nebraska-Lincoln, and Harvard Medical School have developed a bandage that provides precise and scheduled drug delivery, which can be customized as per requirement. Such innovations are expected to create growth opportunities for the market participants.

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Moist Wound Dressings Market Report Highlights

• Based on product, the foam dressings segment accounted for the largest revenue share of 23.4% in 2022 owing to their high absorbency, which makes them ideal for wounds with moderate to heavy discharge

• On the other hand, the hydrocolloid dressings segment is expected to grow at the fastest CAGR of 6.0% during the forecast period owing to the increasing investment in wound care and the increasing emphasis on advanced wound management by healthcare institutions

• Based on applications, the chronic wounds segment accounted for the largest revenue share of 59.9% in 2022. The rising incidence and prevalence of chronic diseases, such as diabetes, peripheral vascular disease, and venous insufficiency, are expected to drive the product demand in chronic wound treatment and management

• The acute wounds segment is expected to grow at the fastest CAGR of 5.6% over the forecast period owing to the ongoing advancements in moist wound care technologies, including the development of innovative materials and formulations for acute wound applications

• The hospitals end-use segment dominated the market with a share of 45.2% in 2022 owing to the high product demand in surgical units within hospitals. The home healthcare segment is expected to grow at the fastest CAGR of 6.1% during the forecast period due to the rising preference for providing healthcare services in the comfort of patients' homes

• In 2022, North America dominated the market with a revenue share of 45.4% owing to the presence of a well-established pharmaceutical industry. On the other hand, Asia Pacific is anticipated to register the fastest CAGR of 6.0% over the forecast period due to the presence of untapped opportunities in the emerging economies of China and India

Moist Wound Dressings Market Segmentation

Grand View Research has segmented the global moist wound dressings market based on product, application, end-use, and region:

Moist Wound Dressings Product Outlook (Revenue, USD Million, 2018 - 2030)

• Foam Dressings

• Hydrocolloid Dressings

• Film Dressings

• Alginate Dressings

• Hydrogel Dressings

• Collagen Dressings

• Other Advanced Dressings

Moist Wound Dressings Application Outlook (Revenue, USD Million, 2018 - 2030)

• Acute Wounds

  • Surgical & Traumatic Wounds

  • Burns

• Chronic Wounds

  • Diabetic Foot Ulcers

  • Pressure Ulcers

  • Venous Leg Ulcers

  • Other Chronic Wounds

Moist Wound Dressings End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals

• Specialty Clinics

• Home Healthcare

• Others

Moist Wound Dressings Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Norway

  • Sweden

  • Denmark

• Asia Pacific

  • Japan

  • China

  • India

  • Thailand

  • Australia

  • South Korea

• Latin America

  • Brazil

  • Mexico

  • Argentina

• Middle East & Africa

  • Saudi Arabia

  • South Africa

  • UAE

  • Kuwait

List of Key Players in the Moist Wound Dressings Market

• Coloplast A/S

• Medline Industries, Inc.

• Smith & Nephew

• Convatec, Inc.

• Systagenix

• Derma Sciences, Inc.

• Cardinal Health

• Acelity

• 3M

• B. Braun Medical Inc.