Healthcare

Moist Wound Dressings Global Market Report 2024

The Moist Wound Dressings Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Moist Wound Dressings Global Market Report 2024, The moist wound dressings market size has grown strongly in recent years. It will grow from $4.32 billion in 2023 to $4.6 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to market competition and innovation, regulatory support and approvals, increased awareness and education, reduced healing time, wound care standards and guidelines..

The moist wound dressings market size is expected to see strong growth in the next few years. It will grow to $5.94 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to telemedicine and remote wound management, focus on patient-centric care, rising demand for advanced wound care, prevalence of chronic diseases, growing aging population.. Major trends in the forecast period include wound moisture management, telemedicine integration, customization and tailored solutions, smart dressings with monitoring capabilities, antimicrobial and antiseptic dressings..

An increasing incidence of diabetes cases is expected to propel the growth of the moist wound dressings market going forward. Diabetes is a disease that occurs when blood sugar levels are high. Wound management is essential for people suffering from diabetes and includes the use of dressings and topically-applied medications. For instance, In December 2021, according to the statistics published by International Diabetes Federation, a Belgium-based, non-profit diabetes association 2021, 537 million adults (20-79 years) recorded living with diabetes, and 6.7 million people died of diabetes in 2021. However, by 2030, it is anticipated that there will be 643 million people worldwide will have diabetes. Therefore, the increasing incidence of diabetes cases is driving the growth of the moist wound dressings market.

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The moist wound dressings market covered in this report is segmented –

1) By Product: Foam, Alginate, Hydrocolloid, Hydrogel, Others Products

2) By Application: Burn Wounds, Pressure Ulcer, Diabetic Ulcer, Surgical Wounds, Others Applications

3) By End User: Hospitals, Homecare, Others End Users

Technological Advancement is a key trend gaining popularity in the moist wound dressings market. Major companies operating in the moist wound dressings market are focused on developing new technological solutions to strengthen their position. For instance, in October 2022, Healthium Medtech, an India-based medical device company operating in surgical and wound care, introduced TheruptorTM Novo to manage chronic wounds such as diabetic foot ulcers and leg ulcers. TheruptorTM Novo is an anti-microbial and non-toxic wound dressing with patented technology that employs an attract, bind, and rupture formula to destroy bacteria physically. This prevents the growth of resistant microorganisms and promotes the healing process. The dressing’s positively charged cationic sites, which are present throughout, draw in negatively charged microorganisms and successfully tear their cell walls, providing anti-microbial protection. The anti-microbial technology is persistent and effective for up to 7 days because it doesn’t interfere with healing and doesn’t penetrate the wound bed.

The moist wound dressings market report table of contents includes: