The global advanced wound dressing market is anticipated to grow at a significant CAGR during the forecast. Apart from the traditionally used materials, newly used foams, hydrocolloids, hydrofibers, films, alginates, collagen, hydrogels, wound contact layers, superabsorbents, and other advanced dressings such as honey, charcoal, negative pressure wound therapy (NPWT), and gelling fiber dressings, are being used as a part of advanced wound care dressing. Such novel advancements are likely to create ample growth opportunities for the global advanced wound dressing market. The market growth is further attributable to the rising number of road accidents, coupled with the growing incidence of surgical, chronic, and traumatic wounds, high rate of cesarean sections in elderly women; rising incidence of burn injuries; and technological advancements in wound dressings. The market growth is also driven by the growing number of advancements registered in the forms of dressings.
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Adding to this, the growing incidence of chronic diseases such as cancer, diabetes, and other autoimmune diseases further drives the demand for advanced wound dressing. Factors such as antimicrobial resistance, adoption of unhealthy and sedentary lifestyles, alcohol consumption, and smoking are some of the major factors contributing to the rise in the prevalence of non-communicable diseases. Moreover, owing to the factors such as the growing geriatric population, increasing incidence of chronic wounds, rising healthcare expenditure, and the presence of major market players, the global advanced wound dressing market is further likely to grow in the future years. For instance, according to the Population Reference Bureau in 2018, the number of Americans aged 65 and above is expected to increase from 52 million in 2018 to 95 million by 2060. Further, the percentage of the geriatric population would rise from 16% of the total population in the US in 2018 to 23% in 2060.
Global Advance Wound Dressing Market Report by Segment
By Product
- Foam Dressings
- Film Dressings
By Application
- Chronic Wounds
- Acute Wounds
By End-User
- Hospitals
- Specialty Clinics
- Home Healthcare
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Global Advance Wound Dressing Market Report by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- 3M Co.
- Smith & Nephew plc
- Baxter International Inc.
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