China Wound Dressing Market Size & Outlook, 2023-2030
China wound dressing market, 2018-2030 (US$M)
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China wound dressing market highlights
- The China wound dressing market generated a revenue of USD 407.9 million in 2023 and is expected to reach USD 553.5 million by 2030.
- The China market is expected to grow at a CAGR of 4.5% from 2024 to 2030.
- In terms of segment, traditional dressings was the largest revenue generating product in 2023.
- Traditional Dressings is the most lucrative product segment registering the fastest growth during the forecast period.
Wound dressing market data book summary
| Market revenue in 2023 | USD 407.9 million |
| Market revenue in 2030 | USD 553.5 million |
| Growth rate | 4.5% (CAGR from 2023 to 2030) |
| Largest segment | Traditional dressings |
| Fastest growing segment | Traditional Dressings |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Traditional Dressings, Advanced Dressings |
| Key market players worldwide | Smith & Nephew PLC, ConvaTec Group PLC, Johnson & Johnson, Coloplast A/S ADR, URGO, 3M Co, Integra LifeSciences, Paul Hartmann, Medline Industries, Brightwake, Bombay Dyeing, Molnlycke Health Care, Dr. Ausbüttel & Co. |
Other key industry trends
- In terms of revenue, China accounted for 2.9% of the global wound dressing market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, India wound dressing market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 595.7 million by 2030.
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Wound Dressing Market Scope
Wound Dressing Market Companies
| Name | Profile | # Employees | HQ | Website |
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China wound dressing market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to wound dressing market will help companies and investors design strategic landscapes.
Traditional dressings was the largest segment with a revenue share of 50.87% in 2023. Horizon Databook has segmented the China wound dressing market based on traditional dressings, advanced dressings covering the revenue growth of each sub-segment from 2018 to 2030.
Regulatory process for product approvals is comparatively less stringent in China, which facilitates easy entry of advanced products in the market. In addition, availability of resources enables advancements in technology at cheaper costs that has led to an increase in the number of manufacturing facilities in the country.
In addition, China has released Order 650 (former Order 276), Regulations for the Supervision and Administration of Medical Devices to restrict foreign investment in the country, majorly to protect local medical devices manufacturing companies. Hence, the number of local wound dressing manufacturers is anticipated to increase owing to which the market is expected to grow over the forecast period.
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Target buyers of China wound dressing market databook
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Our clientele includes a mix of wound dressing market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the China wound dressing market , including forecasts for subscribers. This country databook contains high-level insights into China wound dressing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China wound dressing market size, by product, 2018-2030 (US$M)
China Wound Dressing Market Outlook Share, 2023 & 2030 (US$M)
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