Advanced Wound Dressing Products Industry Data Book - Foam Dressings, Hydrocolloid Dressings, Film Dressings, Alginate Dressings, Hydrogel Dressings and Collagen Dressings Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030

Database Overview

Grand View Research’s advanced wound dressing products industry databook is a collection of market sizing information & forecasts, regulatory data, reimbursement structure, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.

The following data points will be included in the final product offering in 6 reports and one sector report overview:

Advanced Wound Dressing Products Industry Data Book Scope

Advanced Wound Dressing Products Industry Data Book Coverage Snapshot 

Foam Dressings Market Analysis And Forecast

The global foam dressings market generated over USD 1.7 Billion revenue in 2022 and is projected to expand at a CAGR of around 4.71% during the forecast period.

Foams dressings are made up of hydrophilic polyurethane material which is a highly absorbent material. Foams help in absorbing moisture that aids in maintaining the integrity of tissue. The increasing cases of burns and trauma across the globe are expected to propel the segment growth. For instance, according to Joye Law Firm, the following are the statistics about burn injuries in the U.S.:

• On average, there are 450,000 burn injuries in the U.S.

• Each year, about 3,500 people are fatally injured in a fire or burn accident

• Approximately 45,000 people are hospitalized each year for burn injuries. Of those who are hospitalized, 25,000 are admitted to specialized burn centers.

• Of those who suffer a burn injury, 70% are male and 30% are female

• Of those admitted to a hospital for a burn injury, 44% list the cause as fire/flame, 33% scald, 9% contact, 4% electrical, 3% chemical, and 7% “other”

• Around 68% of all burn injuries occur at home, while another 10% occur at work

• In one recent year, stoves and ovens were responsible for 17,300 burn injuries, while heating equipment caused 58,660 burn injuries.

• More than 3,800 children were treated for fireworks-related burn injuries in one year alone

• In a single year, more than 88,000 children under the age of 14 were treated in emergency rooms for burn-related injuries. Of these injuries, 62,500 were thermal injuries and 25,500 were scald burns.

• Annually, over 1,200 children under the age of 4 are hospitalized for fire or burn-related injuries

• Children under the age of 5 account for 20% of all burn injuries

It also reported that complications of infection have accounted to be highest in burn patients. Foams are majorly used to prevent and heal the exudation of burn injuries and hence the increasing cases of such incidents is expected to surge the segment growth over the forecast period.

Technological advancements are also anticipated to drive the growth of this market. For instance, the products such as, Safetac (Molyncke) and SILCRYST Nanocrystalline has been upgraded recently to offer better protection against bacterial proliferation. It also lowers the risk of maceration of wounds and allows rapid healing.

Hydrocolloid Dressings Market Analysis And Forecast

The global hydrocolloid dressings market generated over USD 1.3 Billion revenue in 2022 and is projected to expand at a CAGR of around 5.01% during the forecast period.

Hydrocolloid Dressings are made up of gel forming agents such as carboxymethylcellulose (CMC) and gelatin. These materials are occlusive in nature that helps in moisture retention. These dressings allow rapid healing and are impermeable to any type of bacterial infection. Thus, it helps in protecting the wound internally as well as externally.

The rising cases of diabetes across the globe is expected to promote the segment growth over the forecast period. For instance, as per OECD, diabetes in more common among elder population in the Europe, as 19.3 Million people aged 60 – 79 are diabetic, whereas, 11.3 Million people aged 40 – 59 have diabetes. The below table represents statistical data on prevalence of diabetes across various region:

Proportion and number of adults who died due to diabetes before the age of 60 in 2019 globally and by IDF region

Source: IDF: International Diabetes Federation; AFR: Africa, EUR: Europe; MENA: Middle East and North Africa; NAC: North America and Caribbean; SACA: South and Central America; SEA: South-East Asia; WP: Western Pacific 

Hence, such instances are expected to surge the demand for hydrocolloid wound care dressings over the forecast period.

Film Dressings Market Analysis And Forecast

The global film dressings market generated over USD 1.5 Billion revenue in 2022 and is projected to expand at a CAGR of around 4.57% during the forecast period.

Films dressings are water-resistant, transparent, and semi-permeable. It is only permeable to oxygen and moisture. These are thin, flexible, and adhesive in nature owing to which film dressings can be placed on those wound areas that are difficult to bandage. They provide healing to semi-dry and dry wounds as well. These films are made up of polyurethane and acrylic materials and are generally used in cases of diabetes foot ulcers and venous leg ulcers. The rise in number of people suffering from venous leg ulcers is predicted to impel the use of film dressing. For instance, according to an article by NCBI, 1.5 to 3.0 in 1,000 people have active venous leg ulcers. Moreover, as per a study by similar source, around 4% of people suffering from venous leg ulcers have their leg amputated. Thus, as a result of the above-mentioned factors, this segment is expected to grow.

Furthermore, countries such as the U.S. and Canada have seen an increase in hospital admissions in recent years as a result of the high prevalence of chronic medical diseases & fatal injuries. According to CDC, chronic diseases are the leading cause of disability and mortality. In the U.S., 4 out of 10 adults have two or more chronic diseases, and 6 out of 10 adults have a chronic disease.

Alginate Dressings Market Analysis And Forecast

The global alginate dressings market generated over USD 902.9 Million revenue in 2022 and is projected to expand at a CAGR of around 4.13% during the forecast period.

Alginate dressings are made up of seaweeds, which are then processed into soft non-woven fibers. These are highly recommended for wound exudate. Alginates form a gel around wound bed and helps in keeping the wounds dry and clean. Alginates help to absorb 20.0 times more that its weight in exudates. In addition, these dressings have gel forming ability owing to which they are also preferred for bleeding wounds as well.

Moreover, as number of obese people is increasing, the risk of venous leg ulcers is expected to increase. For instance, according to CDC, the prevalence rate of obesity in the U.S. was 41.9% from 2017 to March 2020. Similarly, as per Statistics Canada, 61.3% of Canadian are obese. Obese people are at a higher risk of pressure ulcers, with reduced vascular activity in adipose tissue. The incapability of these patients to reposition themselves in bed acts as a precursor for pressure-related injuries. Furthermore, the skin folds on their bodies provide ideal conditions for microorganisms to thrive. Ulcers are caused by the breakdown of skin caused by these microorganisms. Therefore, as a result of aforementioned factors, the use of alginate dressing is expected to impel over the forecast period.

Hydrogel Dressings Market Analysis And Forecast

The global hydrogel dressings market generated over USD 883.8 Million revenue in 2022 and is projected to expand at a CAGR of around 4.30% during the forecast period.

Hydrogels are transparent in nature, and they help in the absorption of necrotic tissue. The rising number of surgeries across the globe is one of the major reasons for the increasing cases of surgical wounds or surgical site infection (SSI) among patients. For instance, as per the CDC, in acute care hospitals, surgical site infections accounts for nearly 3.2 Billion annually. Similarly, as per Government of Canada, an estimated of 26,000 to 65,000 patients suffer from surgical site infections. In such cases of surgical site infections, hydrogel dressings are very much effective as it allows rapid healing. Hence, segment growth is anticipated over the forecast period.

Collagen Dressings Market Analysis And Forecast

The global collagen dressings market generated over USD 691.7 Million revenue in 2022 and is projected to expand at a CAGR of around 3.77% during the forecast period.

Collagen dressings have an antimicrobial agent incorporated and are mostly used in cases of diabetic foot ulcers, venous leg ulcers, and post-operative infections. Increasing cases of diabetes and surgical site infections are the major factors for the segment growth over the forecast period. For instance, as per a study published by NCBI in 2020, approximately 310 Million surgical cases were performed globally. Similarly, as per Australian Institute of Health and Welfare, around 352,000 admissions involved surgeries, whereas 2.2 Million admissions involved elective surgeries.

The number of knee and hip replacement surgeries has significantly increased in recent years, which has boosted growth of market. According to the same source, the number of hip replacement procedures in Italy in 2020 was 84,647. Similarly, according to a 2020 estimate by the American Society of Plastic Surgeons, 15.6 million cosmetic treatments were performed in the U.S. in 2020. In addition, according to the American Society of Plastic Surgeons, 15.6 million cosmetic treatments were conducted in the U.S. in 2020, which included 2.3 million cosmetic surgical procedures and 13.2 million cosmetic minimally invasive procedures. In the U.S., the top five cosmetic surgical operations in 2020 were nose reshaping, eyelid surgery, facelift, liposuction, and breast augmentation.

Thus, due to aforementioned factor, the segment is expected to dominate the collagen gel market. Collagen dressings also offers better outcomes in healing wounds from partial burns. Hence, demand for collagen dressings is anticipated to rise over the forecast period.

Other Advanced Dressings Market Analysis And Forecast

The global other advanced wound dressings market generated over USD 314.2 Million revenue in 2022 and is projected to expand at a CAGR of around 2.74% during the forecast period.

SWOT Analysis by Factor (Political & Legal, Economic, and Technological) for North America

The other advanced wound dressings include silver wound dressing, active wound dressing, etc. These wound dressings allows rapid wound healing and reduces the risk of acquiring further complications. The factors, such as increasing cases of chronic wounds and sports injuries, are anticipated to propel the segment growth over the forecast period.

Competitive Landscape

The market is highly fragmented in nature with the presence of several small and large manufacturers. Competitive rivalry and degree of competition in the wound market is expected to intensify over the forecast period due to the presence of many players in the market. Furthermore, leading players are involved in collaborations, product launches, mergers and acquisitions to strengthen their product portfolios.

This section in the final deliverables also highlights various initiatives taken by the key companies in the recent past that strongly impacts this market space. The below figure represents the various strategic developments initiated by these market participants:

The market players are focused on research and development activities to develop technologically advanced products to gain a competitive edge. For instance, in January 2020, Convatec launched ConvaMax. ConvaMax superabsorber wound dressing is used for the management of highly exuding wounds, including leg ulcers, pressure ulcers, diabetic foot ulcers, and dehisced surgical wounds. This was expected to help the company gain a significant market share.

Key Drivers

• Increasing prevalence of chronic diseases and conditions affecting wound healing capabilities

• Introduction of innovative and advanced wound products

• Rising geriatric population

• Increasing number of Ambulatory Surgical Centers (ASCs)

• Increasing number of accidents

• Boost product development capabilities and drive innovation through increased R&D spend

• Target new customers through ongoing product innovation

• Launch of products that may meet the needs of individual regions