[Latest] Global Alginate Dressings Market Size/Share Worth

Austin, TX, USA, Aug. 15, 2023 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Alginate Dressings Market Size, Trends and Insights By Grade (Industrial Grade, Pharmaceutical Grade), By End-use Industry (Personal Care and Cosmetics, Healthcare, Agriculture, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” in its research database.

“According to the latest research study, the demand for global Alginate Dressings Market size & share was valued at approximately USD 926.4 Million in 2022 and is expected to reach USD 961.9 Million in 2023 and is expected to reach a value of around USD 1,521.2 Million by 2032, at a compound annual growth rate (CAGR) of about 5.2% during the forecast period 2023 to 2032.”

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Market Overview:

Alginate dressing is derived from carbohydrate sources and released by clinical bacterial species. It is a natural wound dressing process and can able to absorb the wound fluid and form gel-like fluids, which helps the wound to protect from bacterial infection, thus, promoting rapid granulation, tissue formation, and re-epithelialization.

There are some different examples of alginate dressing that include Comfeel Alginate Dressing (Coloplast), Algosteril (Johnson &Johnson), CarrasorbH(Carrington Laboratories), Kaltostat (ConvaTec), and others.

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Market Dynamics.

Drivers.

The Growing Use of alginate dressing in the medical and pharmaceutical sectors will aid market growth. The market growth will drive the substantial rise of acute and chronic wounds due to accidents, diabetes ulcers, and allergic reactions and, among others, has increased the potential sales of an alginate dressing in the market.

Restraints.

However, the gel form of alginate dressing possesses foul-smelling and non-adherent property needs secondary dressing, which the market will hamper. Furthermore, alginate dressing is not a suitable treatment for chronic wounds that are bleeding heavily or for wounds that are dry or have minimal exudate.

On the other hand, manufacturers are switching to alternative substitutes for alginate dressings due to high production costs and rising raw materials prices.

(A free sample of the Alginate Dressings report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the following:

Introduction, Overview, and in-depth industry analysis are all included in the 2023 updated report.
The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
About 220+ Pages Research Report (Including Recent Research)
Provide detailed chapter-by-chapter guidance on the Request.
Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2023
Includes Tables and figures have been updated.
The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
Custom Market Insights (CMI) research methodology

(Please note that the sample of the Alginate Dressings report has been modified to include the COVID-19 impact study prior to delivery.)

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Opportunities.

The factors such as an increase in the number of burn injury cases across the globe lead to the growth of alginate dressing. For instance, according to data published by World Health Organization in March 2018, In India, over 1 000 000 people are moderately or severely burnt every year, and the study shows a substantial growth of bacterial infection after burn injury. These factors together are projected to create remunerative opportunities for the expansion of the alginate dressing market in the future.

Challenges.

Over the forecast period, the non-availability of good production amenities in many regions, along with a lack of product supply, is anticipated to challenge market growth in the years ahead.

In addition, the availability of alternative substitutes for alginate dressings may be a challenging factor in the alginate dressings market.

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Report Highlights.

Based on type, the segment includes antibacterial and non-antibacterial.

The antibacterial alginate dressing segment dominated the market in 2021 and is expected to grow over the forecast period. There are several key manufacturing companies actively engaged in the manufacturing of antibacterial alginate dressing products. For instance, HMP Global, Inc. has intruded DermaGinate/Ag and Calcium Alginate Dressing in Antibacterial Silver. It helps in absorbing moderate to heavy exudate, forms soothing gel-like consistency, and supports moist wound healing and autolytic debridement. This is anticipated to increase the demand for the antibacterial-based alginate dressing market.

Based on the Application, the segment includes chronic wounds and acute wounds. It is expected that the global acute wound segment to hold a dominant position during 2022 -2031.

The alginate dressing is extensively used on acute wound infection sites. The rising number of surgical site acute infections has boosted the overall growth of the alginate dressings market. For instance, according to an article published by the National Library of Medicine in February 2019, the Medicare cost for acute and chronic wound treatments ranged from $28.1 Million to $96.8 Million.

The highest expenses were for surgical wounds, followed by diabetic foot ulcers, with a higher trend toward costs associated with outpatient wound care than inpatient. Thus, the demand for alginate dressing will grow for acute wound site application during the forecast period.

Based on end use, the segment includes home healthcare, hospitals, and others. It is expected that the global hospital end-use segment to hold a dominant position during 2022 -2031.

The hospital segment is expected to create the most lucrative end-use industry for the alginate dressing market. The factors such as the growing population across the globe, rise in several diseases, and government initiation & investment in the healthcare industry are significantly booming the overall growth of the alginate dressing where it is used as an antibacterial, antifungal, and disinfectant agent for treating acute and chronic wound infections.

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Key questions answered in this report:

What is the size of the Alginate Dressings market and what is its expected growth rate?
What are the primary driving factors that push the Alginate Dressings market forward?
What are the Alginate Dressings Industry's top companies?
What are the different categories that the Alginate Dressings Market caters to?
What will be the fastest-growing segment or region?
In the value chain, what role do essential players play?
What is the procedure for getting a free copy of the Alginate Dressings market sample report and company profiles?

Key Offerings:

Market Share, Size & Forecast by Revenue | 2023−2032
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Regional Snapshots.

Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

North America is the dominant region in the alginate dressing market. This region is also anticipated to maintain its dominance throughout the forecast period. This is attributed to the rising population, the increase in chronic and acute wounds during post-operative procedures, and the increased number of diabetic patients have augmented the overall demand for alginate dressing.

For instance, according to an article published by the centers for disease control and Prevention, a total of 37.3 million people have diabetes which is 11.3% of the US population, and 28.7 million people, including 28.5 million adults, are diagnosed with diabetes. These factors are projected to increase the overall demand for alginate dressings. In response to this, an increase in the number of acute and chronic wounds in post-surgical patients in countries such as Canada and Mexico has spurred overall market growth.

Report Scope

Feature of the Report	Details
Market Size in 2021	USD 884.15 million
Projected Market Size in 2030	USD 1.65 Million
CAGR Growth Rate	4.48% CAGR (2022-2030)
Base Year	2022
Forecast Period	2023-2032
Prominent Players	3M, Cardinal Health, Molnlycke Health Care AB, Medline Industries, Inc, Smith & Nephew Plc, ConvaTec Group Plc, Coloplast A/S, BSN medical GmbH, Paul Hartmann AG, B. Braun, Melsungen AG, Mölnlycke Health Care, Hollister Incorporated, and Others
Key Segment	By Grade, End-use Industry, and Region
Report Coverage	Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope	North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options	Request tailored purchasing options to fulfill your requirements for research.

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Key Players

3M
Cardinal Health
Molnlycke Health Care AB
Medline Industries, Inc
Smith & Nephew Plc
ConvaTec Group Plc
Coloplast A/S
BSN medical GmbH
Paul Hartmann AG
B. Braun
Melsungen AG
Mölnlycke Health Care
Hollister Incorporated

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Segments covered in the report.

By Grade

Industrial Grade
Pharmaceutical Grade

By End-use Industry

Personal Care and Cosmetics
Healthcare
Agriculture
Others

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On the basis of Geography

North America

The U.S.
Canada
Mexico

Europe

France
The UK
Spain
Germany
Italy
Rest of Europe

Asia Pacific

China
Japan
India
Australia
South Korea
Rest of Asia Pacific

The Middle East & Africa

Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of the Middle East & Africa

Latin America

Brazil
Argentina
Rest of Latin America

This Alginate Dressings Market Research/Analysis Report Contains Answers to the following Questions.

Which Trends Are Causing These Developments?
Who Are the Global Key Players in This Alginate Dressings Market? What are Their Company Profile, Product Information, and Contact Information?
What Was the Global Market Status of the Alginate Dressings Market? What Was the Capacity, Production Value, Cost and PROFIT of the Alginate Dressings Market?
What Is the Current Market Status of the Alginate Dressings Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Alginate Dressings Market by Considering Applications and Types?
What Are Projections of the Global Alginate Dressings Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
What Is Alginate Dressings Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
What Is the Economic Impact On Alginate Dressings Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
What Are Market Dynamics of Alginate Dressings Market? What Are Challenges and Opportunities?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Alginate Dressings Industry?

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Reasons to Purchase Alginate Dressings Market Report

Alginate Dressings Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
Alginate Dressings Market report outlines market value (USD) data for each segment and sub-segment.
This report indicates the region and segment expected to witness the fastest growth and dominate the market.
Alginate Dressings Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
Alginate Dressings Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.

Reasons for the Research Report

The study provides a thorough overview of the global Alginate Dressings market. Compare your performance to that of the market as a whole.

Aim to maintain competitiveness while innovations from established key players fuel market growth.

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What does the report include?

Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Alginate Dressings market analysis.

The competitive environment of current and potential participants in the Alginate Dressings market is covered in the report, as well as those companies' strategic product development ambitions.

According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.

For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

Participants and stakeholders worldwide Alginate Dressings market should find this report useful. The research will be useful to all market participants in the Alginate Dressings industry.
Managers in the Alginate Dressings sector are interested in publishing up-to-date and projected data about the worldwide Alginate Dressings market.
Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Alginate Dressings products' market trends.
Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.

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