PUBLISHER: The Business Research Company | PRODUCT CODE: 1270393
PUBLISHER: The Business Research Company | PRODUCT CODE: 1270393
“Moist Wound Dressings Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on moist wound dressings market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for moist wound dressings ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The moist wound dressings market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
Major players in the moist wound dressings market are 3M Healthcare, Smith & Nephew PLC, Derma Sciences Inc., ConvaTec Group PLC, Coloplast A/S, Medline Industries Inc., Cardinal Health Inc., B. Braun Medical Inc., Scapa Group Ltd., Molnlycke Health Care, Integra LifeSciences AB, Medline Industries Inc., Advin Health Care, ACTIVHEAL, and URGO Group.
The global moist wound dressing market is expected to grow from $4.07 billion in 2022 to $4.33 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The moist wound dressing market is expected to reach $5.44 billion in 2027 at a CAGR of 5.9%.
The moist wound dressing market consists of sales of films, NPWT dressings, gauze, composites, interactive dressings, antimicrobial dressings, collagens, elastic bandages, and sheets. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Moist wound dressing refers to protecting and fighting against microbial infections and the spreading of wounds. The moist environment created by moist wound dressing aids in the quicker healing of wounds. It is used for creating a temporary physical barrier of protection, soaking up wound drainage, and supplying the moisture essential for optimum re-epithelialization.
North America was the largest region in the moist wound dressing market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the moist wound dressing report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of moist wound dressing markets products are foam, alginate, hydrocolloid, hydrogel, and others. The foam moist wound dressing is used for partial and full-thickness wounds with light, moderate, or high drainage, primary and secondary dressings. The various applications are burn wounds, pressure ulcers, diabetic ulcers, surgical wounds, and others applications, that involve end users as hospitals, homecare, and others.
An increasing incidence of diabetes cases is expected to propel the growth of the moist wound dressing market going forward. Diabetes is a disease that occurs when blood sugar levels are high. Wound management is essential for people suffering from diabetes and includes the use of dressings and topically-applied medications. For instance, In December 2021, according to the statistics published by International Diabetes Federation, a Belgium-based, non-profit diabetes association 2021, 537 million adults (20-79 years) recorded living with diabetes, and 6.7 million people died of diabetes in 2021. However, by 2030, it is anticipated that there will be 643 million people worldwide will have diabetes. Therefore, the increasing incidence of diabetes cases is driving the growth of the moist wound dressings market.
Technological Advancement is a key trend gaining popularity in the moist wound dressing market. Major companies operating in the moist wound dressings market are focused on developing new technological solutions to strengthen their position. For instance, in October 2022, Healthium Medtech, an India-based medical device company operating in surgical and wound care, introduced TheruptorTM Novo to manage chronic wounds like diabetic foot ulcers and leg ulcers. TheruptorTM Novo is an anti-microbial and non-toxic wound dressing with patented technology that employs an attract, bind, and rupture formula to destroy bacteria physically. This prevents the growth of resistant microorganisms and promotes the healing process. The dressing's positively charged cationic sites, which are present throughout, draw in negatively charged microorganisms and successfully tear their cell walls, providing anti-microbial protection. The anti-microbial technology is persistent and effective for up to 7 days because it doesn't interfere with healing and doesn't penetrate the wound bed.
In February 2022, Argentum Medical, LLC, a US-based manufacturer of antimicrobial wound dressings acquired Anacapa Technologies Inc for an undisclosed amount. Through this acquisition, Argentum Medical LLC aims to expand and enhance its wound-care to gain a competitive advantage in the market. Anacapa Technologies Inc is a US-based research and manufacturing firm chartered to develop skin and wound care products.
The countries covered in the moist wound dressing market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The moist wound dressings market research report is one of a series of new reports from The Business Research Company that provides moist wound dressings market statistics, including moist wound dressings industry global market size, regional shares, competitors with a moist wound dressings market share, detailed moist wound dressings market segments, market trends and opportunities, and any further data you may need to thrive in the moist wound dressings industry. This moist wound dressings market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.