The global Moist Wound Dressings market size is expected to grow at US$ 6.25 billion in 2027 at a compound annual growth rate (CAGR) of 5.9%.
The market is being driven by an increase in the number of cases of acute and chronic wounds, such as surgical, diabetic, and traumatic wounds, lacerations, and diabetic ulcers. According to Elsevier's estimations, there are around 300 million acute wound injuries every year. Ongoing research and development in the healthcare area is resulting in the development of new goods, such as the introduction of keratin-based wound care treatments. The keratin matrix in these products absorbs into the wound, promoting wound healing while also facilitating wound re-epithelialization and removing the need to change dressings. A further factor driving the market's expansion is the development of cutting-edge therapies like electromagnetic therapy, electrical stimulation, nanotechnology, and the use of silver and other combination dressings. These innovations allow improved wound care during any trauma, hence supporting market expansion. Similar to this, it is projected that upcoming new products will accelerate market expansion during the projection period. For instance, scientists from the Massachusetts Institute of Technology in the United States, the University of Nebraska-Lincoln, and Harvard Medical School have created a bandage that delivers drugs precisely when they are needed and on a schedule that is customizable. For the market's participants, such advancements are anticipated to open up new growth potential.
October 11, 2019: 3M Completes Acquisition of Acelity, Inc. --
3M (NYSE: MMM) today announced it has completed the acquisition of Acelity, Inc. and its KCI subsidiaries worldwide from a consortium comprised of funds advised by Apax Partners (the Apax Funds), together with controlled affiliates of the Canada Pension Plan Investment Board (CPPIB) and the Public Sector Pension Investment Board (PSP Investments) for a total enterprise value of approximately $6.7 billion, including assumption of debt and other adjustments. Acelity is a leading global medical technology company focused on advanced wound care and specialty surgical applications marketed under the KCI brand.
Market is segmented based on the type, applications, companies and regions.
By Type, it is segmented into
By Application, it is segmented into
Throughout the forecast period, North America is likely to dominate the global moist wound dressings market. The dominance is caused by an increase in the incidence of diabetes, burns, and surgeries, which has led to an increase in the number of instances of Surgical Site Infection (SSI) in the United States and necessitated adequate wound treatment. For instance, according to a survey report from the Centers for Disease Control and Prevention (CDC) released in January 2020, SSI is the most costly type of healthcare-associated infection (HAI) in the US, accounting for an estimated annual cost of about USD 3.3 billion and affecting more than 1 million additional inpatient days each year, which is expected to further drive the product demand in the near future. Furthermore, numerous factors such as an increase in diabetic foot ulcers, venous leg ulcers that require faster wound healing, and greater patient awareness may favour the market in this area, leading to its excellent worldwide market share during the projection period.
The Moist Wound Dressings Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Moist Wound Dressings Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Report Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 5.9% over the forecast period (2022-2027) |
By Type |
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By Application |
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By Companies | Molnlycke Health Care, 3M, Coloplast, BSN Medical, Hartmann, Acelity, Laboratories Urgo, Medline Industries, Inc., Hollister, Medtronic, Lohmann& Rauscher, Nitto Denko, Advanced Medical Solutions, DeRoyal Industries, Genewel, Winner Medical, Coloplast A/S, Cardinal Health, Inc., B. Braun Melsungen AG, Smith & Nephew PLC, ConvaTec Group PLC, Derma Sciences, Inc., Systagenix Wound Management Ltd. |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 159 |
Customization Available | Yes, the report can be customized as per your needs |
What is the growth rate of Moist Wound Dressings Market?
The Moist Wound Dressings Market is growing at a CAGR of 5.9% over the next 5 years.
Who are the key players in Moist Wound Dressings Market?
Molnlycke Health Care, 3M, Coloplast, BSN Medical, Hartmann, Acelity, Laboratories Urgo, Medline Industries, Inc., Hollister, Medtronic, Lohmann& Rauscher, Nitto Denko, Advanced Medical Solutions, DeRoyal Industries, Genewel, Winner Medical, Coloplast A/S, Cardinal Health, Inc., B. Braun Melsungen AG, Smith & Nephew PLC, ConvaTec Group PLC, Derma Sciences, Inc., Systagenix Wound Management Ltd.
What are the significant types of Moist Wound Dressings Market?
Foam, Hydrocolloids, Alginates, Antimicrobials, Transparent films, Hydrogels
What are the major end-use applications of Moist Wound Dressings Market?
Hospital, Home, Clinic
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SECONDARY RESEARCH
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