Antimicrobial Wound Dressings Market size is estimated to surpass USD 5 Billion by the end of 2036, expanding around 7% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of antimicrobial wound dressings was USD 2 Billion. The growth of the market is poised to rise on account of the rising prevalence of chronic wounds. According to reports, 1-2% of individuals in affluent nations would at some point in their lives get chronic wounds. Hence, the demand for antimicrobial wound care dressing is set to rise.
Global healthcare systems confront a great deal of difficulty in managing wounds, requiring for a multidisciplinary approach. In particular, chronic wounds impose a significant financial strain on healthcare systems because they necessitate costly, time-consuming interventions, frequent trips to the doctor, and the possibility of complications including infections, amputations, or hospital stays. Hence, furthermore, a recent study that documented Medicare costs that ranged from USD 28.1 billion to USD 96.8 billion for different types of wounds highlighted the significant financial ramifications of wound treatment. Notably, in comparison with inpatient expenditures, which varied from USD 5.0 billion to USD 24.3 billion, outpatient service costs were anticipated to be between USD 9.9 billion and USD 35.8 billion higher. As a result, the market for antimicrobial wound dressings is estimated to increase with the rise in expenses on wound care.
Growth Drivers
Challenges
Base Year |
2023 |
Forecast Year |
2024-2036 |
CAGR |
~7% |
Base Year Market Size (2023) |
~ USD 2 Billion |
Forecast Year Market Size (2036) |
~ USD 5 Billion |
Regional Scope |
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End-Use (Hospitals, Outpatient Facilities, Home Care, Research & Manufacturing)
The hospital segment is expected to hold 40% share of the global antimicrobial wound dressings market by 2036. This is set to be influenced by growth in several hospitals. It is expected that there will be over 164,000 hospitals worldwide in 2021. It is anticipated that as hospitals rise, consequently will the number of procedures. Postoperative site infections may lead to a rise in the usage of antimicrobial wound dressings in hospital settings, which may help the sector dominate the market in the upcoming years.
Our in-depth analysis of the global antimicrobial wound dressings market includes the following segments:
Product |
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Application |
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End-Use |
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North American Market Forecast
The North America antimicrobial wound dressings market is poised to rise by capturing a share of over 35% in the coming years. This growth is set to be dominated by rising chronic diseases. One or more chronic illnesses, such as diabetes, cancer, heart disease, or stroke, affect six out of ten Americans. This region has observed a significant rise in sedentary lifestyle adoption. Certain unhealthy behaviors, such as smoking, not exercising, eating poorly, and drinking too much alcohol, are important causes of the most common chronic illnesses in the region. Furthermore, this region has consisted of key players in the field of antimicrobial wound dressings market which is why the launch of new products is growing in this region.
APAC Market Analysis
The Asia Pacific antimicrobial wound dressings market is estimated to have notable growth in the coming years. This region has experienced a rise in the medical tourist population. This is owing to the availability of cost-effective treatment and availability of professionals. The top countries in this field are Malaysia, Thailand, Japan, and Singapore, which offer innovative and high-quality healthcare to tourists from around the world. The market demand in the region for antimicrobial wound dressing is also projected to grow over the forecast period.
Author Credits: Radhika Gupta, Shivam Bhutani
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