Moist Wound Dressings Market Analysis North America, Europe, Asia, Rest of World (ROW) - US, UK, China, Germany, Canada - Size and Forecast 2024-2028

Moist Wound Dressings Market Size 2024-2028

The Moist Wound Dressings Market size is forecast to increase by USD 1.34 billion, at a CAGR of 5.55% between 2023 and 2028. The market is expected to grow by rising instances of acute and chronic wounds, driven partly by an ageing population. Additionally, the introduction of innovative products contributes to market expansion. However, challenges such as stringent regulatory requirements and the need for continuous product advancements like sanitizer to address diverse wound types and patient needs remain. Despite obstacles, market growth is sustained by the pressing demand for effective wound care solutions in the Healthcare market and other related sectors.

What will be the size of the Market During the Forecast Period?

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Market Segmentation

The market share growth by the foam dressings segment will be significant during the forecast period. Foam dressings are majorly used as moist compresses. They are designed to achieve one of the main goals of wound care, which is to create an environment for favorable wound healing. They are highly non-adherent, absorbent, and non-linting. They are made up of hydrophobic and hydrophilic foam with adhesive borders. They allow water vapor to enter and are impermeable to bacteria and other contaminants.  

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The foam dressings segment was valued at USD 1.14 billion in 2018. Foam dressings are available in two different types, namely, true foam dressings and pseudo foam dressings. Pseudo-foam dressings draw in the fluid and expand physically as they retain the fluid, whereas true foam dressings draw the fluid into air spaces as they contain hydrophilic polyurethane foam. These foam dressings are used for various conditions, such as venous ulcers, draining of peristomal wounds, infected ulcers, cavity wounds, and diabetic foot ulcers. In the case of burn injuries, foam dressings are used for skin grafts and minor burns. Foam dressings can be used as either a primary dressing by making direct contact with the wound or as a secondary dressing by covering a primary dressing to provide protection. These factors will facilitate market growth during the forecast period.

Key Region

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North America is estimated to contribute 41% 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. The increasing number of people with acute and chronic wounds, the increasing adoption of technologically advanced compresses, and the strong presence of leading market vendors are the major factors expected to boost the growth of the market in North America during the forecast period. The US and Canada are the major revenue contributors to the market in North America. The US accounts for the largest market share due to the strong presence of major key vendors. Furthermore, growing awareness about advanced wound care treatments, for example, wound compresses, coupled with advances in dressing technologies, will further drive market growth in the region.

Market Dynamics and Customer Landscape 

The market is witnessing significant growth driven by several factors. Rising concerns over healthcare and infection protection have increased the demand for advanced wound care solutions. Additionally, the expansion of the pharmaceutical industry and pharmaceutical sales has led to innovations in wound dressing technology. Moreover, the surge in sanitizer production and the use of bio-based isopropyl alcohol in cleaning agents have influenced market trends. However, challenges such as ensuring high-purity IPA in wound care products and addressing health concerns related to certain chemical components remain critical for market players to overcome. 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.

Key Market Driver

One of the key factors driving the market growth is the increasing demand for bio-based isopropyl alcohol in sanitizer production. Due to health concerns and the need for infection protection products. The industrial isopropyl alcohol market is also witnessing growth as it is widely used as a cleaning agent, cleaning and drying agent, and coating and dye solvent in various industries including commercial construction and cosmetic and personal care. Additionally, the pharmaceutical segment contributes to the market growth with the demand for high-purity IPA for capsule or tablet manufacturing processes and as a process and preparation solvent in the pharmaceutical industry.

Furthermore, most of the deaths due to burns occur in low and middle-income countries, including those in Southeast Asia. Burn injuries are highly prevalent in Bangladesh, India, and Nepal. For instance, pressure ulcers, also called bedsores, generally occur in an area with localized damage to the skin and underlying tissue as a result of pressure and friction. Pressure ulcers remain one of the major health problems globally. Hence, the increase in the incidence of acute and chronic wounds is expected to drive the growth of the market during the forecast period.

Significant  Market Trend

The advent of combination dressings is the major trend influencing the market growth.  Combination dressings are made from different types of dressing materials, such as combinations of foam and gauze, alginate and silver ions, and alginate and sodium carboxymethylcellulose. Antibacterial agents, such as honey and silver, are increasingly used in wet dressings. Moreover, several vendors operating in the market offer combination compresses, including Coloplast and Integra LifeSciences.

Furthermore, due to the advantages of combination dressings, researchers are now focusing on developing novel dressings that accelerate the healing process. According to the pre-clinical trials, the researchers found that this combination therapy reduced the healing time by half and, at the same time, provided significantly improved outcomes with the regeneration of hair follicles and the restoration of the skin on the site of the wound. Therefore, the advent of combination compresses will contribute to market growth during the forecast period.

Major Market Challenge

The high cost of wound treatment is one of the key challenges hindering the market growth. The high cost of wound treatment including wet dressings could pose a challenge to the market. Chronic, difficult-to-heal skin wounds, such as diabetic foot ulcers, burns, and pressure sores, place a significant economic burden on patients as well as the entire care system. health care due to the high costs associated with patient care. during hospital admissions and clinic visits, dressing changes, nursing care, and hospitalization.

Furthermore, due to the increasing elderly population worldwide and the high prevalence of chronic diseases among the older population, it is predicted that the number of patients with chronic wounds will continue to rise. In addition, the growing prevalence of antibiotic resistance and co-morbidities, such as obesity, diabetes, and venous hypertension, also increase the cost of wound care. This may inhibit the growth of the market during the forecast period. 

Customer Landscape

The 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 and forecasting strategies.

 Customer Landscape

Who are the Major Market Companies?

Vendors 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 moist wound dressings that are made with a thin, semi-permeable film that enables long wear time and full site visibility to minimize unnecessary dressing changes.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market players, including:

• Axio Biosolutions Pvt Ltd
• B. Braun SE
• Beiersdorf AG
• Cardinal Health Inc.
• Coloplast Corp.
• ConvaTec Group Plc
• DeRoyal Industries Inc.
• Essity Aktiebolag
• Exciton Technologies
• Goldwin Medicare Ltd.
• Hollister Inc.
• Integra Lifesciences Holdings Corp.
• Lohmann and Rauscher GmbH and Co. KG
• Medline Industries LP
• Molnlycke Health Care AB
• Smith and Nephew plc

Qualitative and quantitative analysis of vendors 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 vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

Segment Overview

The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments

• Product Outlook
  • Foam dressings
  • Hydrocolloid dressings
  • Alginate dressings
  • Film dressings
  • Others

• End-user Outlook 
  • Hospitals
  • Specialty clinics
  • Home Healthcare
  • Others

• Region Outlook
  • North America
    • The U.S.
    • Canada
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia
    • China
    • India
  • ROW
    • Australia
    • Argentina
    • Rest of the world

Market Analyst Overview

The market offers a wide array of innovative solutions for wound care, catering to various needs such as moist wound healing and exudate management. With advancements in wound care technology, manufacturers are developing advanced wound dressings like hydrogel dressings and transparent film dressings to create a conducive moist wound environment for optimal healing. Antimicrobial wound dressings and silver wound dressings address the challenge of infection control, while collagen wound dressings and biodegradable wound dressings promote natural healing processes. Additionally, adhesive wound dressings and self-adherent wound dressings offer convenience and ease of use. The market also focuses on chronic wound management and moisture control, providing solutions such as moisture-retentive dressings and silicone wound dressings. With ongoing wound dressing research and wound care advancements, the market continues to evolve, ensuring effective wound care innovations and improved patient outcomes.

Additionally, the market presents a diverse array of solutions for effective wound care management. These dressings, including Absorbent wound dressings and Soft silicone wound dressings, offer advanced topical wound therapy and facilitate moisture balance crucial for optimal healing. With continuous wound dressing innovation and development, manufacturers strive to enhance efficacy and patient comfort. Biocompatible dressings and antibacterial wound dressings address specific wound care needs, while Moisture-retentive wound dressings and Hydrophilic dressings ensure a conducive healing environment. As the demand for effective wound management solutions grows, the Wound dressing market continues to expand, driven by the evolution of wound dressing materials and wound dressing design to meet the diverse needs of patients and healthcare professionals.

Further, the market offers a wide range of products and solutions for effective wound management. These include wound care products, wound healing dressings and wound healing materials designed to facilitate optimal healing. Moisture plays a crucial role, addressed by moist wound care products and moisture balance dressings, ensuring a conducive environment. Advanced wound dressing development focuses on innovative designs and materials, including non-adherent dressings and barrier wound dressings, offering enhanced protection and comfort. Moisture control dressings and antiseptic wound dressings further contribute to the healing process, emphasizing infection prevention and wound cleanliness. With continuous advancements, the market remains vital in providing effective solutions for diverse wound care needs.

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What are the Key Data Covered in this Market Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting of the market between 2024 and 2028
• Precise estimation of the market size and its contribution to the parent market
• Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
• Growth of the market across Europe, North America, APAC, South America, and Middle East and Africa
• Thorough market growth analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

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