Global Moist Wound Dressings Market Opportunities And Strategies 2023
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s moist wound dressings market report forecasts the moist wound dressings market size to grow to $5.44 Billion by 2027, with a CAGR (compound annual growth rate) of almost 6%.
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Moist Wound Dressings Market Size Forecast
The global moist wound dressings market is expected to grow from $4.07 billion in 2022 to $4.33 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The moist wound dressing market is expected to reach $5.44 billion in 2027 at a CAGR of 5.9%.
North America held the largest moist wound dressings market share, and Asia-Pacific was the fastest-growing region in 2022.
Key Moist Wound Dressings Market Driver – Increase In The Incidence Of Diabetes Cases
According to the International Diabetes Federation, a Belgium-based, non-profit diabetes association 2021, 537 million adults (20-79 years) were diagnosed with diabetes in December 2021, and 6.7 million people died from diabetes in 2021. However, by 2030, it is expected that 643 million people worldwide will have diabetes. As a result, the rising prevalence of diabetes is propelling the moist wound dressings market forward.
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Key Moist Wound Dressings Market Trend – Technological Advancement
To strengthen their position in the moist wound dressings market, major players are focusing on developing new technological solutions. For example, Healthium Medtech, an India-based medical device company specialising in surgical and wound care, introduced Theruptor Novo in October 2022 to treat chronic wounds such as diabetic foot ulcers and leg ulcers. Theruptor Novo is a non-toxic wound dressing with patented technology that uses an attract, bind, and rupture formula to physically destroy bacteria. This inhibits the growth of resistant microorganisms and promotes healing. Positively charged cationic sites found throughout the dressing attract negatively charged microorganisms and successfully tear their cell walls, providing anti-microbial protection. Because it does not interfere with healing and does not penetrate the wound bed, the anti-microbial technology is persistent and effective for up to 7 days.
Moist Wound Dressings Market Segment
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
Moist Wound Dressings Market Major Players and Strategies
Major players in the moist wound dressings market are 3M Healthcare, Smith & Nephew PLC, Derma Sciences Inc., ConvaTec Group PLC, Coloplast A/S, Medline Industries Inc., Cardinal Health Inc., B. Braun Medical Inc., Scapa Group Ltd., Mölnlycke Health Care, Integra LifeSciences AB, Medline Industries Inc., Advin Health Care, ACTIVHEAL, and URGO Group.
Argentum Medical, LLC, a US-based manufacturer of antimicrobial wound dressings, acquired Anacapa Technologies Inc for an undisclosed sum in February 2022. Argentum Medical LLC hopes to gain a competitive advantage in the market by expanding and improving its wound-care offerings through this acquisition. Anacapa Technologies Inc is a skin and wound care product development company based in the United States.
The Moist Wound Dressings Global Market Report 2023 covers regional data on moist wound dressings market size, moist wound dressings market trends and drivers, opportunities, strategies, and moist wound dressings market competitor analysis. The countries covered in the moist wound dressings market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Moist wound dressing is used to protect against microbial infections and the spread of wounds. The moist environment created by moist wound dressing aids in wound healing. It is used to provide a temporary physical barrier of protection, absorb wound drainage, and provide the moisture required for optimal re-epithelialization.
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