The global Moist Wound Dressings Market size is expected to reach USD 6.51 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.4% from 2022 to 2030. The increasing cases of acute and chronic wounds such as surgical, diabetic, and traumatic wounds, lacerations, and diabetic ulcers are driving the market. As per the estimates provided by Elsevier, about 300 million acute wound injuries occur per year.
The COVID-19 pandemic had a negative impact on the
market. According to a study, patients with chronic leg ulcers were on the
receiving end of collateral damage caused by the restricted access to
non-essential health services and overburdened healthcare systems during the
pandemic. The same study showed that almost 75% of patients suffering from ulcers
discontinued their treatment due to pandemic restrictions.
Ongoing R&D in the healthcare field is leading to
the development of new products, for instance, the advent of keratin-based
wound care products. These products facilitate wound re-epithelialization but
also form part of dressings and aid in wound healing as the keratin matrix in
them gets absorbed in the wound, thereby eliminating the need to change the
dressing. Furthermore, the introduction of novel therapies, such as
electromagnetic therapy, electrical stimulation, nanotechnology, and the use of
silver and other combination dressings are boosting the market growth.
These advancements ensure better wound care during any
trauma, thereby supporting the market growth. Similarly, new products in the
pipeline are anticipated to augment the market growth over the forecast period.
For instance, Researchers at the Massachusetts Institute of Technology in the
U.S., the University of Nebraska-Lincoln, and Harvard Medical School have
developed a bandage that provides precise and scheduled drug delivery, which
can be customized as per requirement. Such innovations are expected to create
growth opportunities for the market players.
Related Press Release@ Moist Wound Dressings Market Report
Moist Wound Dressings Market
Report Highlights
- Based on product, foam wound dressings accounted for the largest
revenue share in 2021 owing to their ability to maintain moisture, which
facilitates the healing process
- In the acute wounds application segment, the surgical and traumatic
wounds segment accounted for the largest revenue share in 2021 due to the
increasing number of surgical procedures being performed as all types of
wound dressings are required during surgeries
- The Asia Pacific is expected to witness significant growth during
the forecast period as the region holds potential growth opportunities due
to the presence of emerging nations like Indonesia and Thailand
- In the chronic wounds application segment, the pressure ulcers
segment is anticipated to register the highest CAGR during the forecast
period on account of the increasing prevalence of the disease and related
complications
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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