The Global Polymer Based Wound Dressings Market Size is predicted to exhibit an 4.6% CAGR during the forecast period for 2023-2031.
In recent years, Polymer-based wound dressing materials have received a lot of attention in the care of chronic wounds, mostly diabetic injuries. These dressings have a number of intriguing characteristics that may be helpful in the treatment of chronic injuries. Increased porosity and swelling ability, ability to offer moisture and a warm environment to accelerate the wound healing process, adequate water vapour transmission rate (WVTR), gaseous permeation, excellent antimicrobial properties, excellent mechanical performance, and capability to deliver bioactive agents are all characteristics of ideal polymeric dressings.
Due to the rising demand for cutting-edge wound care products and the prevalence of chronic wounds, the global market for polymer-based wound dressings is anticipated to expand remarkably during the forecast period. The market is increasing due to the increased incidence of diabetes and obesity, raising the chance of developing chronic wounds. The market is partly expanding because the aging population is more likely to sustain injuries.
The market is anticipated to expand due to increased traumatic accidents worldwide, the geriatric population, and the incidence rate of various wounds, like pressure ulcers and surgical site wounds. The number of chronic lesions, such as diabetic foot ulcers & venous leg ulcers, is rising. For instance, the NCBI estimated that approximately 6.5 million Americans suffer from chronic wounds.
Competitive Landscape:
Few of the Polymer Based Wound Dressings market players are:
- 3M Company,
- Coloplast A/S,
- HRA Pharma SAS,
- Covalon Technologies, Ltd.,
- Smith & Nephew Plc.,
- Sorbsan,
- ConvaTec Limited,
- Pfizer, Inc. (Pharmacia),
- Mölnlycke Healthcare AB
Market Segmentation:
The Polymer Based Wound Dressings market is segmented by type, mechanism, application, and end-user. Based on type, the market is divided into Films, Foams, Hydrogels, Alginates, and Others. By the mechanism, the market is segmented into Antimicrobial, Immunostimulant, and Others. Based on application, the market is divided into Burns, Chronic Wounds, Skin Injuries, and Others. Based on end-user, the market is divided into Hospitals & Clinics, Ambulatory Surgery Centers, and Others.
Based On Application, The Chronic Wounds Segment Is Accounted As A Major Contributor In The Polymer Based Wound Dressings Market
According to the application, the market was dominated by the chronic wounds sector with a revenue share. The worldwide elderly population and rising incidence of chronic diseases can be held responsible for this. For instance, Ageing Asia estimates that there will be 69,792,000 persons over the age of 60 in Indonesia in 2050, up from 27,524,000 in 2019. In a similar vein, the number of patients with diabetes and diabetic foot ulcers has increased. For instance, according to ScienceDirect, 20% of those with infected diabetic foot ulcers may require amputation. Diabetic foot ulcers may also afflict 25% of those with diabetes.
The Hospitals & Clinics Segment Is To Witness Growth At A Rapid Rate
The hospital & clinic sector dominated the market in terms of end-use. This can be attributed to the rise in surgical procedures and hospitals. For instance, a study by NCBI in 2020 indicated that 310 million surgical cases worldwide are registered each year, of which 40 million to 50 million are performed in the U.S. alone. Also, there has been a global rise in hospitals and hospitalization. For instance, the number of hospitalizations in Australia has grown, according to the Australian Institute of Health & Welfare. For instance, 11.1 million individuals in Australia were hospitalized in 2019–2020. As a result of the aforementioned considerations, the hospital & clinics segment is expected to lead the end-user segment.
The North America Polymer Based Wound Dressings Market Holds A Significant Revenue Share In The Region
According to the region, North America held the majority of the market share for wound dressings. This supremacy can be attributed to the advanced healthcare infrastructure, rising public awareness, and the presence of significant important actors across the region. Also, a rise in surgical procedures in the North American area is anticipated to drive the market for wound dressings.
For instance, the Life Span Organization estimates that about 500,000 open heart operations were carried out in the United States in 2018. Similarly, 40,000 children in the U.S. have congenital heart surgery, according to AHA Journals. Although these surgeries require time to recover from, wound dressing products aid in the quick healing of these wounds. Because they are recommended after surgery, wound dressings are in high demand in North America.
Polymer Based Wound Dressings Market Report Scope:
|
Report Attribute |
Specifications |
|
Growth rate CAGR |
CAGR of 4.6 % from 2023 to 2031 |
|
Quantitative units |
Representation of revenue in US$ Billion, and CAGR from 2023 to 2031 |
|
Historic Year |
2019 to 2022 |
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Forecast Year |
2023-2031 |
|
Report coverage |
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
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Segments covered |
Type, Mechanism, Application, And End-User |
|
Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia |
|
Competitive Landscape |
3M Company, Coloplast A/S, HRA Pharma SAS, Covalon Technologies, Ltd., Smith & Nephew Plc., Sorbsan, ConvaTec Limited, Pfizer, Inc. (Pharmacia), Mölnlycke Healthcare AB. |
|
Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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