Global Advanced Wound Dressing Market Definition
Generally, there are two types of wounds: acute wounds and chronic wounds thus, there are two types of wound care processes namely general wound care and advanced wound care. In the general wound care process, minor wounds are focused on treatment using medical products such as gauze, bandages, plasters, lint, or, wadding, which are easily found in local medical stores and pharmacies. On the other hand, the focal point for advanced wound care is treating chronic or complex wounds using technologically advanced wound dressing products. Advanced wound dressing is carried out under the supervision of a doctor in a hospital or advanced wound care clinic.
Advanced wound dressing is very efficacious in treating chronic wounds such as ulcers, burns, post-operative wounds, and others. Through the help of advanced wound dressing products, a hydrated environment is maintained with continuous oxygen flow to the wound while also providing a consistent temperature for faster healing. Moreover, it facilitates a moist environment to eliminate the chances of necrosis conditions where the cells and tissues surrounding the wound die.
The most commonly used advanced wound dressing include hydrogels, films, foams, hydrocolloids, alginates, sponges, and fabrics. Other categories of advanced wound dressing products include antimicrobial dressings, composites, sodium carboxymethyl cellulose gelling fibers, silicone sheets of cross-linked polymers, and various forms of wound fillers. These are high-quality medical products that are effective in providing an environment around the wound so that it can heal quickly without impeding it. Advanced wound dressing helps in covering the wounds for protecting them from infection and also clear the way for dead tissue removal which subsequently allows new cells to generate. The usage of advanced wound dressing also helps the patients relieve pain during wound dressing changes.
Global Advanced Wound Dressing Market: Key Insights
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Base Year |
2022 |
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Forecast Year |
2023-2033 |
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CAGR |
~ 6% |
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Base Year Market Size (2022) |
~ USD 10 Billion |
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Forecast Year Market Size (2033) |
~ USD 15 Billion |
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Regional Scope |
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Global Advanced Wound Dressing Market Size, Forecast, and Trend Highlights Over 2023 - 2033
The global advanced wound dressing market is estimated to garner a revenue of ~USD 15 billion by the end of 2033 by growing at a CAGR of ~ 6% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of ~USD 10 billion in the year 2022. The rising prevalence of diabetes among people across the world is estimated to boost market growth during the forecast period. Injured diabetic people are more prone to serious injurious wounds such as diabetic ulcers that don’t heal up quickly. As a result, the rising number of diabetes cases are expected to increase the sales of advanced wound dressings in the upcoming period. As per the World Health Organization, nearly 3% of the increase in diabetes deaths that occurred between 2000-2019 are owing to chronic wounds.
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Along with the aforementioned factors, the other factor that is contributing positively to market growth is the high prevalence of chronic diseases around the world. Chronic diseases such as cancer, strokes, heart disease, and others escalate the chances of developing a chronic wound that requires advanced wound care dressing, subsequently creating a positive outlook for market expansion. In addition, the rising number of road accidents, factory injuries, and other fatalities which causes serious trauma is expected to soar the adoption rate of advanced wound dressing in the upcoming years. Traumatic injuries are the major causes of acute wounds, which generate the need for advanced wound dressing. Another growth factor for expanding the market size is the increasing incidence of obese which is giving birth to complex wounds including infections, ulcerations, and other chronic wounds, which in turn, is expected to propel the usage of advanced wound dressings during the forecast period. In 2020, across the world, more than 36 million children under 5 years of age were overweight or obese as per estimations.
Global Advanced Wound Dressing Market: Growth Drivers and Challenges
Growth Drivers
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Growing Incidence of Chronic and Surgical Wounds – Chronic wounds are increasing across the world owing to the prevalence of diabetes, cardiovascular diseases, obesity, and other chronic diseases. Additionally, the rising number of surgical procedures is accompanied by wound infections, excessive bleeding, and tissue damage. Such chronic wounds require continuous topical treatment as they fail to heal through the regular repair process. So, there is a need for advanced wound dressing products in this situation, which is estimated to rise the market growth during the forecast period. It is estimated that over 2% of the population’s quality of life is affected by chronic wounds across the United States as of 2021.
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Rising Healthcare Expenditure – The healthcare expenditure of the U.S. in 2019 was USD 3.8 trillion as per the Centers for Disease Control and Prevention.
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Surging Number of Injury Related Visits in Hospitals- According to the data reported by the Centers for Disease Control and Prevention in 2020, there were nearly 38 million injury related visits at the United Nations.
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Growing Healthcare Infrastructure – As per the estimations, in 2021 the healthcare infrastructure, such as ICU beds, increased to 1,14,000 by a 44-fold rise down from 2,300 in India.
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Increasing Disposable Income – As the economies are growing, so is the disposable income of the people. As a result, individuals have more spending capacity to spend on their health and treatment by adopting modern medical products such as advanced wound dressings. Hence, the easy accessibility of advanced wound dressings among the high-income population is projected to expand the market size in the assessment period. The disposable personal income in the U.S. in 2021 was USD 16,000 increased from USD 15,000 in 2020.
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Rising Geriatric Population – Older age people are more prone to chronic wounds owing to their weak bodies. Moreover, as the human body starts to age, its healing power decreases. As a result, the requirement for advanced wound dressing increases for the treatment of their wounds. The old age population of the world is estimated to double to reach 2.1 billion in 2050 from 1 billion in 2020.
Challenges
- Surging Costs of Wound Dressing Products: The expensive nature of the products makes them less accessible to the population with middle income. Moreover, the high costs of advanced wound dressings are further restraining the market owing to the limited buying capacity of the population.
- Lack of Awareness Among People
- Sudden Rise of COVID-19
Market Segmentation
The global advanced wound dressing market is segmented and analyzed for demand and supply by product into dressings, matrices, negative pressure wound therapy [NPWT], debridement devices, grafts, and topical agents. Out of these, the dressings segment is anticipated to hold the largest market size by the end of 2033 on the back of the growing incidence of healthcare-associated infections, rising surgical wounds, and increasing traumatic cases. Trauma is a leading cause of death among people above the age of 45 years and it is estimated that nearly 1,48,000 homicides and suicides occur every year in the U.S. Moreover, the increasing patient awareness along with the rise in spending capacity is expected to increase the adoption rate of dressings for rapid healing and protecting the wound internally and externally.
The global advanced wound dressing market is also segmented and analyzed for demand and supply by end-user in hospital, and home care. Out of these three segments, the hospital segment is attributed to garner the highest market share by the end of the forecast period. The frequent hospital visits by the large patient pool suffering from chronic diseases and traumatic injuries for treatment are expected to fuel the segment’s growth. Also, the easy availability of advanced wound dressings in hospital settings makes it easier for individuals to adopt them. In addition, the rising surgical procedures occurring in hospitals are also expected to surge the utilization rate of advanced wound dressing for treating surgical site infection wounds.
Our in-depth analysis of the global advanced wound dressing market includes the following segments:
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By Product |
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By Wound Type |
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By End-User |
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Global Advanced Wound Dressing Market Regional Synopsis
The North America advanced wound dressing market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2033. The growth of the market can be attributed majorly to the increasing frequency of chronic wounds among several people, owing to episodes of infection in the human body. Furthermore, there has been a growing demand for diabetic foot ulcer treatment in countries such as the United States, that is further expected to boost the market’s growth in the region. In the U.S., hospital admissions rose by 3 times during foot ulcer episodes, and the death rate rose by 45%, as of 2022. Another growth factor for the market growth in the region is the rising cases of road accidents, sports injuries, and industrial fatalities that create the possibility of getting chronic wounds. In addition, the surge in healthcare expenditure, rising investments in the healthcare industry, and the presence of major key players are also anticipated to bring lucrative growth opportunities for market growth in the upcoming years. Along with that, North America is considered favorable spot for medical tourism owing to its strong healthcare infrastructure. All these factors couple up to spur market growth in the region.
Top Featured Companies Dominating the Global Advanced Wound Dressing Market
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ConvaTec Inc.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Smith & Nephew PLC
- MiMedx Group, Inc.
- 3M
- Coloplast Corp.
- Tissue Regenix Ltd
- Mölnlycke Health Care AB
- Organogenesis Inc.
- Integra LifeSciences Corporation
- B.Braun Medical Inc.
