Rockville , Nov. 29, 2023 (GLOBE NEWSWIRE) -- The global Advanced Wound Dressing Market is pegged at US$ 6.54 billion in 2024, according to a study published by Fact.MR, a market research and competitive intelligence provider. Worldwide revenue from advanced wound dressing solutions is predicted to reach 8.74 billion by 2034.
Several factors, including smoking, alcohol consumption, adoption of unhealthy and sedentary lifestyles, and antimicrobial resistance are prominent factors that are resulting in rising cases of non-communicable diseases. In addition, growing cases of chronic diseases, including cancer, diabetes, and a few autoimmune diseases, are predicted to drive the sales of advanced wound dressing solutions for various surgical procedures.
For More Insights into the Market, Request a Sample of this Report:
https://www.factmr.com/connectus/sample?flag=S&rep_id=9137
Key Segments of Advanced Computed Tomography (CT) Scanner Industry Research Report
| By Product | By Indication | By Distribution Channel | By Region |
|
|
|
|
Wound care products are adopted for the prevention of infections on surgical sites. Several surgical wounds are relatively deep and large. They release exudates that need regular management to minimize the chances of infection. Foam, alginate, hydrogel, etc. are some popular wound dressing products that help manage larger wounds. Growing focus on quality care along with the need for effective surgical services in the healthcare sector is pushing demand for advanced wound dressing products.
Key Takeaway from Market Study
- The global advanced wound dressing market is forecasted to reach US$ 8.74 billion by the end of 2034.
- Demand for advanced wound dressings is predicted to increase at 2.9% CAGR from 2024 to 2034.
- North America is projected to hold 41.1% share of the global market by 2034.
- Sales of advanced wound dressing products in Canada are estimated at US$ 162 million in 2024.
- Demand for advanced wound dressing solutions in Brazil is forecasted to reach a market value of US$ 156.14 million by 2034.
- Foam dressings are projected to account for 26.6% share of global market revenue by 2034.
“Rising number of surgical procedures and increasing cases of chronic wounds worldwide are projected to stimulate demand for advanced wound dressing products,” says a Fact.MR analyst.
Prevalence of Diabetes-associated Wounds Rising in United States
Sales of advanced wound dressing solutions in the United States are estimated at US$ 2.50 billion in 2024. Growing prevalence of diabetes along with increasing number of injuries and wounds are predicted to propel demand for advanced wound dressing equipment to prevent infection. In addition, supportive government initiatives and favorable reimbursement policies for these healthcare products are estimated to create lucrative opportunities for players in the United States.
Key Market Players
Coloplast A/S, Ethicon Inc., BSN Medical GmbH, 3M Co., B. Braun Melsungen AG, Smith & Nephew PLC, Medline Industries Inc., ConvaTec Group PLC, and Molnylcke Health Care are key suppliers of advanced wound dressing products.
Get Customization on this Report for Specific Research Solutions:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=9137
| Report Attribute | Details |
| Value Projection (2034) | USD 8.74 Billion |
| Growth Rate (2024-2034) | 2.9% CAGR |
| No. of pages | 170 Pages |
| No. of Tables | 84 Tables |
| No. of Figures | 112 Figures |
Germany comprised 25% of the European region's market revenue in 2023.
The Advanced Wound Care Sector Group, an active entity within the Voice of the Medical Technology Industry in Europe, collaborates with the European Wound Management Association. Their joint efforts aim to enhance patient safety and the quality of wound treatment by raising awareness among medical professionals and patients about the impact of wounds. Such partnerships are expected to contribute to the increased adoption of advanced wound dressing solutions in Germany.
The United States is projected to dominate the regional market, holding 91.6% of the advanced wound dressing market share in 2024. The increased demand in the U.S. is driven by a growing elderly population requiring extended hospitalization for improved recovery and a rise in injury cases, boosting the need for effective advanced wound dressing products.
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the advanced wound dressing market, presenting historical demand data for 2018 to 2023 and forecast statistics for 2024 to 2034.
The study divulges essential insights into the market based on product (hydrogel dressings, semi-permeable film dressings, alginate dressings, foam dressings, hydrocolloid dressings, collagen dressings, contact layers, super absorbent dressings, hydrofibers), distribution channel (institutional sales, retail sales), and indication (chronic ulcers, non-healing surgical wounds), across six major regions of the world (North America, Europe, East Asia, Latin America, South Asia & Oceania, and MEA).
Checkout More Related Studies Published by Fact.MR Research:
Advanced Wound Care Market: The global advanced wound care market size in terms of revenue was valued at US$ 11.08 billion in 2022, and projected to reach US$ 15.93 billion by 2032.
Wound Care Biologics Market: The global wound care biologics market is currently valued at US$ 2.09 billion. Worldwide demand for wound care biologics is predicted to rise at a high-value CAGR of 11% and reach US$ 5.93 billion by the end of 2032.
Wound Irrigation Solution Market: Increasing prevalence of acute and chronic wounds coupled with increasing adoption of wound irrigation solution in wound care is expected to boost the growth of the wound irrigation solution market over the forecast period.
About Us:
Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we deliver deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empower businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning. With its unwavering dedication to providing reliable market intelligence, FACT.MR continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT.MR ensures its clients receive actionable insights to capitalize on emerging opportunities and stay ahead in the competitive landscape.
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Sales Team : sales@factmr.com
Follow Us: LinkedIn | Twitter | Blog
