Global Wound Dressings Market, By Dressing Type (Alginate Dressings, Film Dressings, Hydrocolloid Dressings, Hydrogel Dressings, Antimicrobial Dressings, Foam Dressings, and Others), By Wound Type (Surgical and Traumatic Wound, Venous Leg Ulcers, Diabetic Foot Ulcers, Pressure Ulcers, Burns and Other Wounds), By End-User (Hospitals, Clinics, Home Care Settings, Others), By Region (North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle-East & Africa (MEA)Trend Analysis, Competitive Market Share & Forecast, 2017-2027
- Published Date: June 2021
- Report ID: BWC20373
- Available Format: PDF
- Page: 145
Report OverviewA wound dressing is a medication or piece of equipment that is put directly to wounds, cuts, injuries, burns, and so on to help them recover and prevent additional infections. There are various types of wound dressings available in the market for different purposes and types of injuries.
Global Wound Dressings Market- Industry Trends & Forecast Report 2027
The global wound dressings market was worth USD 6.9 billion in 2020 and is further projected to reach USD 12.7 billion by 2027, growing at the CAGR of 8.7% during the forecast period. The rising number of road accidents, cases of burns and other injuries, increasing prevalence of chronic diseases, and surging surgical procedures worldwide are contributing significantly towards the growth of the wound dressing market. Furthermore, technological advancements are also driving the market forward.
Source: BlueWeave Consulting
Global Wound Dressings Market- Overview
A wound dressing is a medication or piece of equipment that is put directly to wounds, cuts, injuries, burns, and so on to help them recover and prevent additional infections. There are various types of wound dressings available in the market for different purposes and types of injuries. The primary goal of wound dressing is to keep the lesion or wound from bleeding excessively. It also helps in absorbing excess blood, plasma, or other fluids flowing out of the injury which may cause infection. According to medical specialists, a suitable wound dressing that provides appropriate moisture and oxygenation will not only help the wound heal quicker but also reduce the trauma associated with it. The key factor driving the growth of the wound dressings market is the growing expenditure on trauma injuries, as well as chronic and surgical wounds. However, among other things, the rising expense of advanced wound dressings and the rising dangers associated with wound dressing use are the key concerns that are likely to impede the market growth.
Global Wound Dressings Market Forecast and Trends
Rising Prevalence of Wounds will Drive the Market Forward
Injuries and chronic wounds such as pressure ulcers, diabetes ulcers, venous leg ulcers, and other types of wounds have risen significantly in recent years and are likely to become more common in the coming years, increasing the need for dressings. The rising prevalence of chronic diseases like diabetes and mobility disorders has led to serious chronic wounds that often go undiagnosed, especially in developing countries. With the development of more diagnostic centers, the demand for wound dressings is expected to surge during the forecast period.
Advancements in Wound Dressing Applications
The rapid expansion of wound dressing applications has made a substantial contribution to the growth of the wound dressing market. As a result of innovation and development in this field, traditional dressings have been replaced by advanced products and devices that are medicated and more successful in the treatment of wounds than basic dressings. There are many different types of wound dressings available to meet the needs of various types of injuries, all of which protect the wound from microbial attack while promoting healing. For example, earlier, the traditional wound dressings were limited to covering the wound through lint, plasters, bandages, cotton wool, etc. However, various innovative wound dressing products are currently available in the market, such as 3M’s Tegaderm which is a waterproof film dressing used for covering and protecting wounds and accelerate the process of healing.
Lack of Treatment Facilities in Developing Economies
The prevalence of foot ulcers is very high among diabetic patients, especially in type-2 diabetes. Wound dressings are very effective in the treatment of diabetic foot ulcers. However, demand is still restricted, especially in poor nations, due to a lack of awareness about foot ulcers and limited diagnosis and treatment techniques. As a result, only a handful of patients receive treatment and most of the patients remain undiagnosed, restricting the market demand for wound dressings. Additionally, the growing pressure of escalating competitive pricing is expected to pose a significant obstacle to the wound dressings market's growth in the foreseeable future.
Impact of Covid-19 on Global Wound Dressings Market
The Covid-19 outbreak has had a negative impact on the global wound dressings market. This is because during the Covid-19 crisis, healthcare professionals had to serve as frontline workers and priority was given to virus-infected patients by both healthcare professionals and healthcare organizations. As a result, all non-emergency and elective wound treatment cases have been postponed, lowering market demand for wound dressings. However, the market is likely to pick up speed again in the projected period, thanks to the efforts of major industry players who are ensuring that the supply chain is in place.
Global Wound Dressings Market - By Dressing-Type
Based on dressing type, the global wound dressings market is segmented into alginate dressings, film dressings, hydrocolloid dressings, hydrogel dressings, antimicrobial dressings, foam dressings, and others. The high effectiveness of antimicrobial dressings in the prevention of wounds from infections serves as a crucial factor because of which the antimicrobial dressing segment is witnessing substantial growth. Antimicrobial dressings save up a lot of costs as it eliminates the use of antibiotics and antiseptics and prevents the wound from getting microbial infections.
Global Wound Dressings Market - By Wound-Type
Based on wound type, the market is divided into surgical and traumatic wounds, venous leg ulcers, diabetic foot ulcers, pressure ulcers, burns, and other wounds. Surgical and traumatic wounds held the largest share in the market in the year 2020. The rising frequency of chronic diseases, which is increasing the number of surgical procedures performed, can be attributable to the significant demand for wound dressings in surgical and traumatic wounds. However, diabetic foot ulcers also have a significant share in the market due to the rising prevalence of diabetes.
Global Wound Dressings Market - By End-User
Based on end-user. the market is categorized into hospitals, clinics, home care, etc. The hospitals’ segment registered the largest market demand for wound dressings in 2020 as they offer improved treatment of difficult-to-heal ulcers as well as advantageous reimbursement policies. These advantages result in attracting more patients for the treatment of their wounds. Furthermore, growing surgical procedures and developing medical tourism especially in emerging economies are propelling the demand for wound dressings, contributing to the market growth.
Global Wound Dressings Market - Regional Insights
Geographically, the global wound dressing market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle-East & Africa. Among these regions, North America dominated the market with the highest market share in the year 2020. The growing prevalence of diabetic foot ulcers and surgical procedures is fueling the demand for wound dressings in this region. Additionally, the presence of major key players in the market like Medline Industries, Urgo Medicals, Shield line, etc. is also supporting the market growth.
The leading market players in the global wound dressings market are Coloplast Corp., Derma Sciences, Integra Lifesciences, KCI Licensing, Inc., 3M, Smith & Nephew, Molnlycke Health Care AB, ConvaTec Inc., Medline Industries, Urgo Medical, Shield Line, Zeni Medical, Winner Medical Co., LTD, Deroyal Industries, Inc., and other prominent players. The companies are focused on diversifying their product portfolio by launching new and innovative products. Private companies are also acquiring and investing in small and medium-sized wound dressing manufacturers to expand their business.
l In June 2021, Cynata Therapeutics, an Australian medicine company received a global license agreement with the thin-film polymer coating manufacturer, TekCyte. The companies are now looking forward to conducting a clinical trial for the treatment of diabetic foot ulcers using wound dressing technology.
l In April 2021, HidraMed Solutions, the Ireland-based medical device company, announced its plan to provide HidraWear’s AX garments and dressings to people suffering from Hidradenitis suppurativa (HS) under the initiative of the Ireland government. This wound dressing will be available to eligible patients through a health service executive.
Scope of the Report
Historical data – 2017-2020
Base Year – 2021
Forecast – 2021 – 2027
Revenue in USD Billion
North America, Europe, the Asia-Pacific, Latin America, and the Middle East and Africa
By Dressing-type, By Wound-Type, By End-User, By Region
Coloplast Corp., Derma Sciences, Integra Lifesciences, KCI Licensing, Inc., 3M, Smith & Nephew, Molnlycke Health Care AB, ConvaTec Inc., Medline Industries, Urgo Medical, Shield Line, Zeni Medical, Hollister Incorporated, Paul Hartmann AG, Advanced Medical Solutions Group PLC, Cardinal Health, Dermarite Industries, Winner Medical Co., LTD, Deroyal Industries, Inc., and other prominent players
By Dressing Type
Ø Alginate Dressings
Ø Film Dressings
Ø Hydrocolloid Dressings
Ø Hydrogel Dressings
Ø Antimicrobial Dressings
Ø Foam Dressings
By Wound Type
Ø Surgical and Traumatic Wound
Ø Venous Leg Ulcers
Ø Diabetic Foot Ulcers
Ø Pressure Ulcers
Ø Burns and Other Wounds
Ø Home Care Settings
Ø North America
Ø Asia-Pacific (APAC)
Ø Latin America (LATAM)
Ø Middle-East & Africa (MEA)
1. What is the current size of the global wound dressings market?
Answer: The global wound dressings market reached USD 6.9 billion in 2020.
2. What are the major factors driving the growth of the global wound dressings market?
Answer: The major factor driving the growth of the global wound dressings market are; rising prevalence of wounds will drive the market forward and advancements in wound dressing applications.
3. Who are the key players in the global wound dressings market?
Answer: The key players in the global wound dressings market are: Coloplast Corp., Derma Sciences, Integra Lifesciences, KCI Licensing, Inc., 3M, Smith & Nephew, Molnlycke Health Care AB, ConvaTec Inc., Medline Industries, Urgo Medical, Shield Line, Zeni Medical, Hollister Incorporated, Paul Hartmann AG, Advanced Medical Solutions Group PLC, Cardinal Health, Dermarite Industries, Winner Medical Co., LTD, Deroyal Industries, Inc., and other prominent players
4. Which wound-type segment accounted for the largest share in the global wound dressings market?
Answer: The surgical and traumatic wound segment accounted for the largest share in the global wound dressings market.
5. Which region is at the highest growth rate in the global wound dressings market?
Answer: North America has the largest share in the global wound dressings market.
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Research Methodology
2.1. Qualitative Research
2.1.1. Primary and Secondary Sources
2.2. Quantitative Research
2.2.1. Primary and Secondary Sources
2.3. Breakdown of Primary Research Respondents
2.3.1. Secondary Research
2.3.2. Primary Research
2.4. Breakdown of Primary Research Respondents, By Industry Participants
2.5. Key Questionnaire asked during Primary Interviews
2.6. Key Primary Responses
2.7. Market Size Estimation
2.8. Assumption for the Study
2.9. Market Breakdown & Data Triangulation
3. Executive Summary
4. Global Wound Dressings Market – Industry Insights
4.1. DROC Analysis
4.1.1. Growth Drivers
4.2. Recent Developments / Technical Landscape
4.3. Regulatory Framework
4.4. Porter’s Five Forces Analysis
4.5. Value Chain Analysis
4.6. Strategic Outlook
5. Global Wound Dressings Market Overview
5.1. Market Estimates & Forecast by Value, 2017-2027
5.1.1. By Value (USD Million)
5.2. Market Share & Forecast
22.214.171.124. Alginate Dressings
126.96.36.199. Film Dressings
188.8.131.52. Hydrocolloid Dressings
184.108.40.206. Hydrogel Dressings
220.127.116.11. Antimicrobial Dressings
18.104.22.168. Foam Dressings
5.2.2. By Wound Type
22.214.171.124. Surgical and Traumatic Wound
126.96.36.199. Venous Leg Ulcers
188.8.131.52. Diabetic Foot Ulcers
184.108.40.206. Pressure Ulcers
220.127.116.11. Burns and Other Wounds
18.104.22.168. Home Care Settings
5.2.4. By Region
22.214.171.124. North America
126.96.36.199. Asia-Pacific (APAC)
188.8.131.52. Latin America (LATAM)
184.108.40.206. Middle-East & Africa (MEA)
6. North America Wound Dressings Market Overview
6.1. Market Size and Forecast
6.1.1. By Value (USD Million), 2017-2027
6.2. Market Share and Forecast
6.2.1. By Dressing Type
6.2.2. By Wound Type
6.2.3. By End Use
6.2.4. By Country
7. Europe Wound Dressings Market Overview
7.1. Market Size and Forecast
7.1.1. By Value (USD Million), 2017-2027
7.2. Market Share and Forecast
7.2.1. By Dressing Type
7.2.2. By Wound Type
7.2.3. By End Use
7.2.4. By Country
220.127.116.11. Rest of Europe
8. APAC Wound Dressings Market Overview
8.1. Market Size and Forecast
8.1.1. By Value (USD Million), 2017-2027
8.2. Market Share and Forecast
8.2.1. By Dressing Type
8.2.2. By Wound Type
8.2.3. By End-Use
8.2.4. By Country
18.104.22.168. South Korea
22.214.171.124. Rest of APAC
9. LATAM Wound Dressings Market Overview
9.1. Market Size and Forecast
9.1.1. By Value (USD Million), 2017-2027
9.2. Market Share and Forecast
9.2.1. By Dressing Type
9.2.2. By Wound Type
9.2.3. By End Use
9.2.4. By Country
126.96.36.199. Rest of LATAM
10.MEA Wound Dressings Market Overview
10.1. Market Size and Forecast
10.1.1. By Value (USD Million), 2017-2027
10.2. Market Share and Forecast
10.2.1. By Dressing Type
10.2.2. By Wound Type
10.2.3. By End Use
10.2.4. By Country
10.2.4.1. Saudi Arabia
10.2.4.3. South Africa
10.2.4.4. Rest of Europe
11.1.1. List of Key Producers and Their Offerings
11.1.2. Market Share / Ranking Analysis (2020)
11.1.3. Competitive Benchmarking, By Operating Parameters
12.1. Future Impact
12.2. Key Developments during COVID-19
12.3. Impact on Market
12.3.1. Different Scenario
12.3.2. Impact on Companies
12.4. Regional Impact
13.Company Profiles (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
13.1. Coloplast Corp.
13.2. Derma Sciences
13.3. Integra Lifesciences
13.4. KCI Licensing, Inc.
13.6. Smith & Nephew
13.7. Molnlycke Health Care AB
13.8. ConvaTec Inc.
13.9. Medline Industries
13.10. Urgo Medical
13.11. Shield Line
13.12. Zeni Medical
13.13. Hollister Incorporated
13.14. Paul Hartmann AG
13.15. Advanced Medical Solutions Group PLC
13.16. Cardinal Health
13.17. Dermarite Industries
13.18. Winner Medical Co., LTD
13.19. Deroyal Industries, Inc.
13.20. Other prominent players
14.Key Strategic Recommendations
By Dressing Type
- Alginate Dressings
- Film Dressings
- Hydrocolloid Dressings
- Hydrogel Dressings
- Antimicrobial Dressings
- Foam Dressings
By Wound Type
- Surgical and Traumatic Wound
- Venous Leg Ulcers
- Diabetic Foot Ulcers
- Pressure Ulcers
- Burns and Other Wounds
- Home Care Settings
- North America
- Asia-Pacific (APAC)
- Latin America (LATAM)
- Middle-East & Africa (MEA)
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