Wound Dressing Market Research Report 2023

Wound Dressing Market to
Reach $17.3 Billion by 2023
Wound Dressing Market
Global wound dressing market size is expected to reach $17.3 billion by 2023. The market is
mainly driven by increasing volume of surgeries; rising number of road accidents; surge in
number of burn cases; growing incidence of chronic wounds such as diabetic foot ulcer, pressure
ulcer, and venous ulcer; and rising prevalence of diabetes.
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Wound Dressing Market
Advanced wound dressings and traditional wound dressings are the two types of wound dressings
available in the market. Between these, the demand for advanced wound dressings is expected to
witness higher growth, at a CAGR of 8.0%, during the forecast period. This is because advanced
wound dressings have better efficacy than traditional wound dressings such as bandage, gauze,
sponge, abdominal pad in wound healing.
Among the various advanced wound dressings, the market for superabsorbent wound dressings is
expected to witness the fastest growth, with a CAGR of 10.5%, during the forecast period, mainly
driven by the superior healing property of these products.
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Wound Dressing Market
Globally, North America accounted for the largest share of the wound dressing market, with
40.5% share in 2017. This is attributable to increasing geriatric population, rising number of road
accidents, growing number of diabetes and obesity cases, and increase in burn cases in the
Road accidents are responsible for the formation of severe wounds and their incidence is
increasing, which is fueling the demand of wound dressing products. According to the U.S.
Department of Transportation’s National Highway Traffic Safety data, which was collected from all
50 states and the District of Columbia, 37,461 lives were lost on the U.S. roads in 2016, an
increase of 5.6% from 2015. As a result, the demand for wound dressing is expected to increase in
this region.
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Wound Dressing Market
The key players operating in the wound dressing industry are launching various advanced wound
dressing products in order to strengthen their position in the advanced wound dressing market. For
instance, in 2017, ConvaTec Group Plc launched AQUACEL, a surgical dressing for reducing surgical site
infection. It has a thin adhesive layer, to aid conformability for specific types of surgical wounds such as
cesarean section and lumbar spine surgery, and also provides antimicrobial protection.
Some of the other key players operating in the wound dressing market are 3M Company, Medtronic plc,
Smith & Nephew plc, Hollister Incorporated, Integra Lifesciences Corporation, Johnson & Johnson,
DeRoyal Industries Inc., Mölnlycke Health Care AB and DermaRite Industries LLC.
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