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HEALTHCARE & PHARMACEUTICAL

Antimicrobial Wound Dressing Market Segmentation by Product Type (Hydrofiber, Hydrogel, Foam, Hydrocolloids, Collagen, Transparent Film, Alginates and Others); and by Application (Acute, Chronic and Surgical Wounds) – Global Demand Analysis & Opportunity Outlook 2029

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Extensive insights into the Growth of Antimicrobial Wound Dressing Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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IN THE NEWS

  • October 25, 2020: Lohmann & Rauscher (L&R) announced that it has expanded its laboratory capacity to double its existing size in Schönau a. d. Triesting, Austria. The company also announced that it has invested in an in-house center of excellence that would focus on the development of effective antimicrobial wound dressings and biofilms.

Introduction to Antimicrobial Wound Dressing

Antimicrobial is a broad term and includes the agents that can kill micro-organisms. The antimicrobial wound dressing is defined as the wound dressing which has antimicrobial properties, i.e., the dressings are treated with antiseptic agents, a biocide that is used to kill or inhibit micro-organisms present within a wound. Traditionally, the term antiseptic has been used to refer to solutions that damages the healthy tissue. But with the recent advancements in antiseptic technology, numerous products have been developed that are less harmful to healthy tissue. These include antiseptics such as cadexomer, silver, polyhexamethyl biguanide (PHMB), iodine, and honey among others.

Antiseptic Agents and Their Formulation

Market Size and Forecast

The global antimicrobial wound dressing market is thriving on account of the growing advancements in wound dressing technology, along with the rising concern amongst individuals for the threatening conditions caused by skin and soft tissue infections (SSTIs). A small cut or an incision during minimally invasive or invasive surgical procedures require dressing of the wound for its proper treatment. Improper wound dressing results in severe complications of the wound and raises the likelihood of SSTIs. SSTIs result from the invasion of microbes in the skin. Owing to the antiseptic properties of antimicrobial wound dressings, it helps to lower the SSTIs during wound care. On the other hand, researchers in the healthcare industry are continuously researching advanced technologies that can increase the effectiveness of the wound healing process. Such factors are anticipated to promote the growth of the global antimicrobial wound dressing market. CLICK TO DOWNLOAD SAMPLE REPORT

The global antimicrobial wound dressing market is projected to grow with a robust CAGR during the forecast period, i.e., 2021-2029. The market is segmented by application into acute, chronic, and surgical wounds. Out of these segments, the surgical wounds segment had registered the largest market share in the year 2020. Surgical wound infections, which are classified as superficial incisional infection, deep incisional infection, and organ/space infection by the Centers for Disease Control and Prevention (CDC), are a major cause of concern amongst individuals globally. The increasing incidences of surgical site infections (SSIs) are raising the need for the deployment of the antimicrobial wound dressing, which in turn is anticipated to drive the growth of the segment during the forecast period.

Antimicrobial Wound Dressing Market Share Segmentation by Application

Growth Drivers

Increase in the Prevalence of Wounds to Drive the Market Growth

According to an article titled “Advances in Wound Care” published in the US National Library of Medicine, National Institutes of Health, around 8.2 million people had wounds with or without infections in the year 2018. Moreover, the statistics also stated that the estimated Medicare cost for acute and chronic wound treatments ranged up to USD 96.8 billion from USD 28.1 billion.

Wounds are a major cause of concern as the economic cost burden for the treatment of wounds is significantly high. Rising incidences of surgical wounds, diabetic foot ulcers, and others on the back of growing threats for diabetes and obesity worldwide, is raising the need for advanced wound dressing products that incorporate pharmaceutically active ingredients. Antimicrobial wound dressings help to prevent infection in patients who are at an increased risk of wound infections. These wound dressings are also effective for the treatment of localized wound infection in cases of spreading or systemic wound infection in conjunction with systemic antibiotics. On the other hand, the increasing geriatric population who are prone to chronic wounds is also anticipated to drive the demand for antimicrobial wound dressings. Moreover, the rising awareness amongst individuals towards personal hygiene, the increasing per capita healthcare expenditure, increasing number of surgical procedures, along with the increasing demand for innovative dressings are some of the factors anticipated to drive the growth of the global antimicrobial wound dressing market during the forecast period.

Challenges

High Cost of Antimicrobial Wound Dressing

The hard-to-heal wounds require the use of antimicrobial wound dressing as these are known to be very effective to reduce the infection. But a major concern lies with the cost of the antimicrobial wound dressing, which raises the overall treatment cost of the patient. In several low- and middle-income nations, where the per capita health expenditure is comparatively very low, high treatment cost owing to high product cost is one of the major concerns. Such a factor is anticipated to hamper the overall profitability of the manufacturers of the antimicrobial wound dressing, and in turn, impact negatively on the market growth.

Market Segmentation

Our in-depth analysis of the global antimicrobial wound dressing market includes the following segments:

By Product Type

  • Hydrofiber
  • Hydrogel
  • Foam
  • Hydrocolloids
  • Collagen
  • Transparent Film
  • Alginates
  • Others

By Application

  • Acute
  • Chronic
  • Surgical Wounds

By Region

On the basis of regional analysis, the global antimicrobial wound dressing market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa regions.

The market for antimicrobial wound dressing in North America registered the largest market share in the year 2020 and is projected to hold the largest market share during the forecast period on account of the high prevalence of surgical wounds, backed by the rising number of surgical procedures performed in the United States, coupled with the rising adoption of advanced wound dressing methodologies by healthcare specialists in hospitals and clinics.

The global antimicrobial wound dressing market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

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