The global hydrocolloids market was valued at USD 9.7 billion in 2020 and is projected to reach USD 13.36 billion by 2027, at a CAGR of 5.4% during the forecast period.
Hydrocolloid Market Overview
Scapa Healthcare, DermaRite Industries, Derma Sciences and so on. Asia-Pacific sales value of Hydrocolloid Dressing is about 122.8 Million USD in 2017.
In consumption market, the China revenue has increased to 32.8 Million USD in 2017 and occupies a 26.71% market share.
Southeast Asia is the second consumption regions of Hydrocolloid Dressing, with a revenue market share nearly 15.64% in 2017.
Hydrocolloid dressing used in industry including Pressure Ulcers, Superficial Burns, Postoperative Wounds, Open Wounds and Others. Report data showed that 19.87% of the Hydrocolloid Dressing market demand in Pressure Ulcers, 18.00% in Superficial Burns for Asia-Pacific region in 2017.
There are two kinds of Hydrocolloid Dressing, which are including Film Backing Hydrocolloid Dressing and Foam Backing Hydrocolloid Dressing. Film Backing Hydrocolloid Dressing is important in the Hydrocolloid Dressing, with a 67.43% revenue market share nearly in 2017.
Briefly speaking, in the next few years, Hydrocolloid Dressing industry will still be a relative steady industry. Sales of Hydrocolloid Dressing have brought a lot of opportunities, there will more companies enter into this industry, especially in developing countries.
The report also assesses the key opportunities in the Hydrocolloid market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global Hydrocolloid Market has also been forecasted for the period 2022-2027, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
Recent Development:
Smith & Nephew announces agreement with Coloplast to launch REPLICARE hydrocolloid dressing in Japan
The Advanced Wound Management division of Smith & Nephew plc (LSE: SN; NYSE:SNN) announced that it has entered into a licence agreement with Coloplast for the Smith & Nephew Wound Management KK business to sell REPLICARE hydrocolloid dressing for the professional wound care market in Japan.
In Q2, Coloplast delivered 7% organic growth in Ostomy Care, 7% in Continence Care, 9% in Interventional Urology, and 6% in Wound & Skin Care. The acquisition of Atos Medical (Voice & Respiratory Care) delivered high-single digit underlying growth as expected.
“I would like to highlight the solid performance in our Chronic Care business in Europe and Emerging markets excluding China. In our US Continence Care business, we are starting to see a rebound, as growth in new patients normalised towards the end of the quarter. Our Interventional Urology business delivered strong, broad-based growth, led by the US and Men’s Health. Finally, the acquisition of Atos Medical was closed this quarter and the integration is on track. Together with our 1200 new colleagues in Atos Medical and Tracoe, I look forward to the growth journey ahead of us and to helping make life easier for people living with a neck stoma,” says Kristian Villumsen, President & CEO of Coloplast.
What are the major Applications, Types, and Regions of the Hydrocolloid Market?
Hydrocolloid Market is segmented based on the type, applications, companies, and regions.
By Type, Hydrocolloid Market has been segmented into
- Film Backing Hydrocolloid Dressing
- Foam Backing Hydrocolloid Dressing
- Others
The end user’s industry application on Hydrocolloid Market is,
- Pressure Ulcers
- Superficial Burns
- Postoperative Wounds
- Open Wounds
- Others
Regional Analysis
The growing global population is putting more pressure on producers for the manufacture, extraction, and maintenance of scarce resources. High energy prices and rising raw material costs are impacting food prices, thus affecting low-income consumers. Pressure on food supplies is being exacerbated by water shortages, particularly across Africa and Northern Asia. Advances in science and technology are helping in extending the shelf life of foods to a greater extent. The need for marketing food hydrocolloids to the smallest of food & beverage manufacturers will help in augmenting the market size.
In emerging markets, where lifestyles are changing rapidly, the demand from workplaces and homes is competitively increasing, leading to a greater preference for convenience. Fast food will increasingly become differentiated from junk food as we seek options that are quick and easy but healthy.
What is our Hydrocolloid Market report scope?
Reports Attributes
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Report Details
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Forecast Period 2022 to 2027 CAGR
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CAGR of 5.5% during the review period (2022 to 2027).
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By Type
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- Film Backing Hydrocolloid Dressing
- Foam Backing Hydrocolloid Dressing
- Others
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By Application
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- Pressure Ulcers
- Superficial Burns
- Postoperative Wounds
- Open Wounds
- Others
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By Companies
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Smith&Nephew, 3M Company (NYSE :MMM), Coloplast A/S (Copenhagen COLO-B.CO), Acelity, ConvaTec, Hollister Incorporated, Nitto Denko, Laboratories Urgo
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Regions Covered
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• North America
• Europe
• Asia-Pacific
• Rest of the World
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Countries Covered
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• US
• Canada
• Germany
• France
• UK
• Italy
• Spain
• Rest of Europe
• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific
• Middle East & Africa
• Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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120
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Customization Available
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Yes, the report can be customized as per your needs
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Key Takeaways from this Hydrocolloid Report
- Evaluate Hydrocolloid market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
- Understand the different dynamics influencing the market - key driving factors, challenges and hidden opportunities.
- Get in-depth insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
- Analyze the sales and distribution channels across key geographies to improve top-line revenues.
- Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the Hydrocolloid market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
Frequently Asked Questions
What is the study period of this market?
The Hydrocolloid Market is studied from 2017 - 2027.
Who are the key players in Hydrocolloid Market?
Smith&Nephew, 3M Company (NYSE :MMM), Coloplast A/S (Copenhagen COLO-B.CO), Acelity, ConvaTec, Hollister Incorporated, Nitto Denko, Laboratories Urgo, Medtronic, McKesson, Hartmann, BSN Medical, Medline, Scapa Healthcare, DermaRite Industries, Derma Sciences and others.
What are the significant types of Hydrocolloid Market?
Film Backing Hydrocolloid Dressing, Foam Backing Hydrocolloid Dressing, Others,
What are the major end-use applications of the Hydrocolloid Market?
Pressure Ulcers, Superficial Burns, Postoperative Wounds, Open Wounds, Others, Other.
What segments are covered in the Hydrocolloid Market report?
The Global Hydrocolloid Market is Segmented on the basics of Product, Application, and Geography.
How can I get a sample report/company profile for the Hydrocolloid Market?
The sample report for the Hydrocolloid Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
