Press release
Wound Dressings Market SWOT analysis, Growth, Share, Size and Demand outlook by 2031 | 3M; Coloplast Corp.; Medline Industries; Smith & Nephew; Medtronic; ConvaTec Group PLC.
The Wound Dressings market was valued at USD 17.5 billion in 2021 and it is anticipated to grow further till USD 31.8 billion by 2031, at a CAGR of 6.2% during the forecast period.New York, Global Wound Dressings Market report from Global Insight Services is the single authoritative source of intelligence on Wound Dressings Market . The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
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According to British Diabetic Association, diabetic individuals have a 30x greater risk of getting an amputation than the general population. Due to the high likelihood, many amputation surgeries are performed each year, necessitating effective wound dressing to stop infections after surgery. Active, passive, and interactive dressings are the three categories into which wound dressings are divided. Products for wound dressings that are passive serve solely a protective purpose, whereas active wound dressings encourage healing by maintaining a moist wound environment. As a result, it is anticipated that demand for cutting-edge wound dressings made of hydrogels and foams will rise.
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Market Trends and Drivers
The market is anticipated to expand as a result of an increase in traumatic accidents around the world, an increase in the geriatric population, and the incidence rate of various wounds such as pressure ulcers and surgical site wounds. Globally, the number of chronic lesions such diabetic foot ulcers and venous leg ulcers is rising. For instance, the NCBI estimates that approximately 6.5 million Americans suffer from various types of chronic wounds.
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Global Wound Dressings Market Segmentation
By Type
Advanced Wound Dressing
Traditional Wound Care
Negative Pressure Wound Therapy
Bioactive
Others
By Application
Chronic Wounds
Acute Wounds
By End User
Hospitals
Clinics
Homecare Settings
Others
By Region
North America
The U.S.
Canada
Mexico
Europe
The UK
Germany
France
Spain
Rest of Europe
The Asia Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Rest of the World
Latin America
The Middle East
Africa
Major Players in the Global Wound Dressings Market
The major players analyzed in the report are 3M; Coloplast Corp.; Medline Industries; Smith & Nephew; Medtronic; ConvaTec Group PLC; Derma Sciences (Integra LifeSciences); Ethicon (Johnson & Johnson); Baxter International; and Molnlycke Health Care AB among others.
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Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.
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