Wound Dressing Market Size, Share, Revenue, Trends, Key Players, Growth And Future Insights 2022

Global wound dressing market was valued at USD 9.16 billion in 2014 and is estimated to reach USD 12.9 billion with a lucrative CAGR of 4.4% from 2015 to 2022. Rising prevalence of conditions such as leg ulcers, venous stasis ulcers, pressure ulcers, and diabetic ulcers, that require lesion management, are anticipated to boost global wound dressing market over the forecast period. Additionally, the growing incidences of burns and lesion infection are also expected to demand advanced injury treatment products, such as wound dressing market in coming years. Wound dressing products, with capabilities of faster health recovery from various ulcers disorders, are preferred by patients and healthcare practitioners globally. 

Rising occurrences of sports injuries and increasing medical expenditure incurred by the regional government are also anticipated to boost demand for wound dressing products. The aging population is more susceptible towards diabetic ulcers, foot ulcers, and lesions. Growing geriatric population, rising health awareness, and increasing disposable income are encouraging the consumer to spend a considerable amount on medical facilities, thereby boosting market growth. Evolution of innovative technologies and their applications such as electrical stimulation, metal/alloy bandages, electromagnetic therapy and nanotechnology therapy are projected to drive the wound dressing market over the forecast period. 

An unattended or open wound is an invite to various types of infection that over time, can destroy or damage the small joints and tendons of the hand. The National Hansen’s Disease Programs have had studies showing there may be a shortening of fingers as well as circumferential reabsorption if there are frequent episodes of infection. Wound dressing not only helps in preventing such infections, but also speeds up the healing process for the wound, when the right dressing is used.

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Recent figures from the world health organization state that the elderly population will cross the 2 billion mark by 2050, with their population being 900 million in 2015. Chronic wounds such as venous static ulcers and pressure ulcers are much more prevalent in this population, and they are much more susceptible to wounds and injuries, as their skin becomes loose and the cells also do not multiply quickly. Thus, the wound dressing market is expected to show very positive growth in this demographic.

Advanced wound products segment includes antimicrobial, active and moist dressings that dominated the global wound dressing market with 56.1% revenue in 2014. This is attributed to cost-effectiveness, improved utility, and increasing usage of the products. Antimicrobial products segment, which encompasses silver and non-silver wound dressing products, is anticipated to exhibit significant growth owing to its associated benefits of wide availability, faster healing rate, and ease of usage. The moist dressing was the leading advanced product segment in 2014 due to its high absorbance capacity to keep lesions dry and clean.

Major market participants include ColoPlast, Systagenix, 3M Healthcare, BSN Medical, Convatec, Medline Industries, Smith & Nephew, Derma Sciences, and Medtronic. Innovation in product development and M&A are some strategic initiatives adopted by players to have a competitive advantage over others. In November 2014, BSN Medical has acquired Sorbian, to broaden their product portfolio related to wound care industry.

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Grand View Research has segmented the global wound dressings market on the basis of products and region:

Wound Dressings Market Product Outlook (Revenue, USD Billion, 2012 - 2022)

• Traditional
• Advanced
• Moist

• Foam
• Alginate
• Film
• Hydrocolloid
• Hydrogel
• Antimicrobial
• Silver
• Non-Silver
• Active
• Biomaterial
• Skin-substitutes

Wound dressings market Regional Outlook (Revenue, USD Billion, 2012 - 2022)

• North America
• Europe
• Asia Pacific
• Row

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