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The bioactive wound dressing market size is forecast to increase by USD 914.5 million at a CAGR of 4.5% between 2023 and 2028. The market is experiencing significant growth due to the increasing prevalence of acute and chronic wounds, particularly among the geriatric population. The advanced wound care products offer a more natural approach to infection control and healing, making them a valuable addition to the healthcare industry. The aging population is more susceptible to wounds, and the complications associated with traditional wound care products have led to a demand for advanced bioactive wound dressings. These dressings contain active ingredients that promote wound healing, anti-microbial, and reduce the risk of infection. However, challenges persist, including the high cost of these products and the need for proper patient education and training for their application. Additionally, limitations or complications associated with certain active ingredients in bioactive wound dressings may hinder market growth. Despite these challenges, the market is expected to continue expanding as the need for effective wound care solutions increases. The market report forecast market size, historical data spanning from 2018-2022, and future projections, all presented in terms of value in USD million for each of the mentioned segments.
The global bioactive wound dressing market is expected to experience significant growth due to the rising prevalence of chronic wounds, particularly among the aging population and those with diabetes. Chronic wounds, including surgical wounds, ulcers, gunshot wounds, traumatic wounds, and burns, pose a significant challenge to healthcare systems due to their prolonged healing time and increased susceptibility to infections. Bioactive dressings, with their enhanced healing properties, offer a promising solution to these challenges. These advanced wound care products are designed to provide moisture and promote tissue regeneration while inhibiting microbial infections. The healthcare industry's increasing focus on reducing healthcare costs and improving patient outcomes has led to a growing demand for bioactive wound dressings in hospitals, trauma centers, armed forces, and pharmacy stores. The biodegradable properties of these dressings further add to their appeal, as they reduce the need for multiple dressing changes and minimize waste. Healthcare workers in various healthcare services are increasingly adopting bioactive wound dressings for their ability to provide effective wound management, particularly in the case of difficult-to-heal wounds. The market is expected to continue growing, driven by the increasing burden of chronic wounds on healthcare systems and the ongoing development of new bioactive wound dressing technologies.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The moist wound care segment is estimated to witness significant growth during the forecast period. The global bioactive wound dressing market is experiencing significant growth due to the increasing prevalence of chronic wounds, particularly among the aging population and those with diabetes. Advanced wound care solutions, including bioactive dressings, are increasingly being adopted to address the enhanced healing properties required for serious wound complications, such as infections in wounds, ulcers, surgical wounds, gunshot wounds, traumatic wounds, and burns. Bioactive dressings offer numerous advantages, including reducing the risk of wound infection, promoting faster healing, and providing protection from external factors. These dressings are essential medical services, especially in healthcare settings like hospitals and trauma centers, where social distancing measures have led to a reduction in services.
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The moist wound care segment accounted for USD 1.53 billion in 2018. Moist wound care, a segment of bioactive wound dressings, is particularly popular due to its ability to maintain a hydrated environment, ensure oxygen flow, remove dead tissues, and protect against exogenous infections. Classified as alginate dressings, collagen dressings, foam dressings, hydrocolloid dressings, hydrogel dressings, wound contact layer dressings, and film dressings, moist wound care solutions offer cost-effective and easy-to-use options for healthcare workers and patients alike. Their biodegradable properties and ability to stimulate collagen synthesis, angiogenesis, and wound contraction make them an attractive choice for managing various types of wounds, including diabetic ulcers, venous ulcers, and pressure ulcers.
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Asia is estimated to contribute 37% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
Chronic wounds, particularly among the aging population and those with diabetes, pose significant challenges in healthcare. Advanced wound care has emerged as a crucial aspect of medicine, with bioactive dressings offering enhanced healing properties. These dressings are essential in managing infections in wounds and preventing complications for healthcare workers and patients. The increasing prevalence of chronic wounds in the elderly population, coupled with healthcare costs, necessitates effective wound management. Hospitals and healthcare services have been at the forefront of providing essential medical services during social distancing measures, treating serious wound complications that require hospitalization and surgery. Bioactive wound dressings, with their biodegradable properties, have gained popularity in various settings, including general hospital care, trauma centers, armed forces, and pharmacy stores. These dressings cater to various types of wounds, such as surgical wounds, ulcers, gunshot wounds, traumatic wounds, and burns. Microbial infections are a significant concern in wound care, and antimicrobial wound dressings play a vital role in addressing this issue. The advancements in moist wound care and active wound care further enhance the effectiveness of these dressings in promoting wound healing.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The increasing prevalence of acute and chronic wounds is notably driving market growth. The global market is experiencing significant growth due to the increasing demand from healthcare professionals for advanced wound care solutions. Patient safety and infection control are key priorities in healthcare settings, leading to the preference for bioactive wound dressings with biodegradable properties and anti-microbial features. Traditional wound healing methods, such as the use of artificial sources and natural sources like honey and algae, have been surpassed by these innovative products.
Further, the aging population and the rising prevalence of lifestyle diseases, including diabetes and obesity, are contributing factors to the increasing number of patients diagnosed with acute and chronic wounds, ulcers, burns, and post-operative injuries. According to the National Institutes of Health (NIH), in the US alone, nearly 2.5 million people are living with diabetes-related foot ulcers, and approximately 149,000 new cases are diagnosed each year. These statistics highlight the need for cost-effective and efficient wound care solutions, making bioactive wound dressings an attractive option for healthcare providers. Thus, such factors are driving the growth of the market during the forecast period.
The significant demand from the geriatric population is the key trend in the market. The global market is experiencing a significant increase in demand, particularly among healthcare professionals treating the geriatric population. With an aging demographic trend, the prevalence of falls and resulting injuries in older adults is on the rise. In countries such as the UK, Canada, and Australia, hospital admissions due to geriatric falls account for 1-3 per 10,000 population. In the US, 25% of older adults experience fall incidents each year, and approximately 20% result in severe injuries.
Moreover, bioactive wound dressings offer advantages in promoting healing and infection control through their biodegradable properties and, in some cases, anti-biotic features. These advanced wound dressings provide a cost-effective solution compared to traditional methods, which often rely on artificial sources or natural sources with limited healing properties. By addressing the needs of the geriatric population for effective wound care and infection prevention, the market for bioactive wound dressings is poised for continued growth. Thus, such trends will shape the growth of the market during the forecast period.
The limitations or complications associated with wound care products is the major challenge that affects the growth of the market. Bioactive wound dressings, including moist wound dressings, hyperbaric oxygen therapy, and wound therapy devices, have gained significant attention in the healthcare industry due to their ability to enhance patient safety and promote effective healing. These advanced wound dressings offer bioactive properties, such as biodegradable features and anti-microbial capabilities, which contribute to infection control and reduced reliance on artificial sources. Traditional wound healing methods, like hydrocolloid and alginate dressings, have limitations.
For instance, alginate dressings can only be used on exuding wounds and require secondary dressings. Hydrocolloid dressings may encourage anaerobic bacterial growth, leading to potential misdiagnosis and malodor. Hydrogel dressings can cause skin maceration and sensitivity to preservatives, necessitating secondary dressings. As healthcare professionals prioritize patient safety and cost-effective solutions, the demand for bioactive wound dressings continues to increase. Hence, the above factors will impede the growth of the market during the forecast period.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
3M Co. - The company offers bioactive wound dressing such as 3M Tegaderm Hydrocolloid Dressing.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The global bioactive wound dressing market is experiencing significant growth due to the rising prevalence of chronic wounds in the aging population and the increasing number of diabetes cases. Chronic wounds, such as ulcers and pressure sores, require advanced wound care to promote enhanced healing properties and prevent infections. Bioactive dressings, with their biodegradable properties and ability to provide essential medical services, have gained popularity in healthcare services, including hospitals and trauma centers. The healthcare costs associated with serious wound complications, such as infections and hospitalization, have led to an increased focus on effective wound management. Bioactive wound dressings offer advantages over traditional wound care methods, including active wound care, moist wound care, antimicrobial wound care, and surgical wound care. These advanced dressings are effective in addressing microbial infections and reducing the risk of complications in various types of wounds, including diabetic ulcers, traumatic wounds, gunshot wounds, burns, and surgical wounds. The COVID-19 pandemic has led to a reduction in services in healthcare facilities, making essential medical services, such as wound care, even more critical. Bioactive wound dressings are widely used in hospitals, general hospital care, armed forces, and pharmacy stores, providing healthcare workers with an effective tool to manage wounds and promote wound healing. The market is expected to witness advancements in bioactive wound dressings with innovative features, such as enhanced biocompatibility and improved antimicrobial properties, to address the evolving needs of the healthcare industry.
Market Scope |
|
Report Coverage |
Details |
Page number |
137 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.5% |
Market growth 2024-2028 |
USD 914.5 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.2 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
Asia at 37% |
Key countries |
US, Germany, France, UK, and Japan |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
3M Co., Axio Biosolutions Pvt. Ltd., B.Braun SE, Coloplast AS, ConvaTec Group Plc, Covalon Technologies Ltd., DermaRite Industries LLC, ETS Wound Care LLC, Hollister Inc., Integra LifeSciences Holdings Corp., Johnson and Johnson Services Inc., Mediterra, Medtronic PLC, MiMedx Group Inc., Molnlycke Health Care AB, Organogenesis Holdings Inc., Paul Hartmann AG, Smith and Nephew plc, and UEG Medical |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the market forecast period. |
Customization purview |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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