WOUND DRESSING MARKET ANALYSIS

Wound Dressing MarketSize and Trends

Wound dressings are classified into three categories, namely active, passive, and interactive dressings. Passive wound dressing products have only protective function and active wound dressings promote healing by creating moist wound environment. Thus, demand for advanced wound dressings such as hydrogels and foams is expected to increase subsequently.

Interactive dressings create moist wound environment and also interact with wound bed components to enhance wound healing. Wound dressings such as hydrogels and alginates dressings require secondary dressing, as they are permeable and non-occlusive. Composites multi-layer dressings are relatively expensive and can be used in primary and secondary wound dressing. The global wound dressing market is expected to be driven by increasing demand for advanced wound dressings.

The global wound dressing market size was valued at US$ 6,956.4 million in 2018 and is expected to exhibit a CAGR of 6.2% over the forecast period (2019 – 2027).

Global Wound Dressing Market Share (%) Analysis, By Product Type, 2019

Source: Coherent Market Insights Analysis (2019)

Global Wound Dressing Market Value (US$ Mn) & Y-o-Y Growth (%), 2017-2027

Source: Coherent Market Insights Analysis (2018)

Market- Trends

Diabetes UK (operated by The British Diabetic Association) estimates that diabetic patients are at 30 times higher risk of having an amputation compared to general population. Due to such high probability, a large number of amputation surgeries are witnessed each year, subsequently requiring effective wound dressing to prevent post-surgery infections.