Press Release

Moist Wound Dressings Market to Grow with a CAGR of 5.50% through 2028

Advancements in wound care technology and Emphasis on faster and cost-effective healing is expected to drive the North America Moist Wound Dressings Market growth in the forecast period, 2024-2028.

 

According to TechSci Research report, “North America Moist Wound Dressings Market –Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the North America Moist Wound Dressings Market stood at USD 1.35 billion in 2022 and is anticipated to grow with a CAGR of 5.50% in the forecast period, 2024-2028. The awareness among individuals regarding Moist Wound Dressings has led to favorable market conditions for the North America Moist Wound Dressings market. Several factors contribute to the growth of various Moist Wound Dressings products. The growing chronic wounds, such as diabetic ulcers, pressure ulcers, and venous leg ulcers, are a growing North America healthcare concern. Factors such as an aging population, the rising prevalence of diabetes, and increased longevity have contributed to a higher incidence of chronic wounds. Moist wound dressings are particularly effective in managing these types of wounds by creating an ideal environment for healing. As the number of individuals with chronic wounds continues to rise, the demand for moist wound dressings is expected to increase significantly.

                                                                                             

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Advances in wound care technology have led to the development of innovative moist wound dressings with enhanced properties. These dressings now come in various forms, such as hydrocolloids, hydrogels, foams, and films, each with specific benefits for wound management. These advanced dressings offer superior moisture retention, exudate management, and ease of application. Healthcare providers are increasingly adopting these products to improve patient outcomes, further driving market growth. In September 2023 - Coloplast announces that it has launched a new range of ostomy care products that are designed to be more comfortable and discreet. The new products are made with a soft, breathable material that is less likely to cause irritation. In the healthcare industry, there is a growing emphasis on reducing the time and cost associated with wound healing. Moist wound dressings have been shown to accelerate the healing process by creating a conducive environment for tissue regeneration. This can lead to shorter hospital stays, fewer complications, and reduced healthcare expenditures. As healthcare systems aim to optimize resource utilization and improve patient care, moist wound dressings have become a preferred choice for wound management.

In today's fast-paced world, Moist wound dressings create an optimal environment for wound healing by maintaining the right level of moisture around the wound. This environment promotes cell proliferation, tissue regeneration, and the formation of granulation tissue. In a world where time is of the essence, these dressings speed up the natural healing process, allowing individuals to recover and resume their daily activities more quickly. Pain and discomfort associated with wound care can be a significant hindrance to a fast-paced lifestyle. Traditional wound dressings, which can adhere to the wound bed and surrounding skin, often cause pain during dressing changes. Moist wound dressings, on the other hand, are designed to be non-adherent to the wound, resulting in less pain during dressing changes. This reduction in discomfort is particularly important for individuals who need to stay active and focused on their daily responsibilities. The longer wear time of moist wound dressings reduces the frequency of dressing changes. This is advantageous for people with busy schedules who may not have the time for frequent healthcare appointments. Extended wear times also reduce the burden on healthcare providers, making wound care more efficient for both patients and professionals.

The growing patient comfort and quality of life are important factors in wound care. Traditional dry dressings can cause discomfort, pain, and tissue damage during removal. Moist wound dressings are designed to be gentle on the wound and surrounding skin, reducing pain and promoting patient comfort. Additionally, these dressings allow for longer wear time and fewer dressing changes, which can improve patients' overall quality of life.

In recent times, Moist wound dressings maintain an ideal moisture balance around the wound, promoting a conducive environment for the body's natural healing processes. In recent times, this has become essential as patients and healthcare providers seek wound care solutions that expedite recovery. With an increasing emphasis on swift healing and minimizing complications, moist wound dressings are a key component of contemporary wound management. In today's healthcare landscape, patients are present with a wide variety of wound types and stages. Whether it's surgical wounds, diabetic ulcers, pressure ulcers, or traumatic wounds, moist wound dressings are suitable for numerous wound categories. Their versatility simplifies wound care protocols, reduces the need for multiple dressing types, and streamlines patient management. However, the High Cost of Moist Wound Dressings may hinder market growth. Moreover, challenges related to Healthcare Reimbursement and Funding Issues and Lack of Awareness and Training may pose obstacles to the Moist Wound Dressings market in the near future.

The North America Moist Wound Dressings Market is segmented into product, application, end-user, regional distribution, and company.

Based on its product, the foam dressings segment has emerged as the predominant market leader, Foam dressings are known for their excellent absorption capabilities. They can efficiently manage moderate to heavy wound exudate, making them particularly effective for wounds that produce a significant amount of fluid, such as venous leg ulcers or pressure ulcers. The high absorption capacity of foam dressings helps maintain a moist environment around the wound, which is essential for promoting optimal wound healing. The ability to control excess exudate sets foam dressings apart and makes them suitable for a wide range of patients. Foam dressings provide an ideal moist wound healing environment. This environment accelerates the wound healing process by promoting cell proliferation and tissue regeneration. The foam's structure and composition aid in retaining moisture, which is vital for the formation of granulation tissue and re-epithelialization. Their effectiveness in supporting faster healing rates has contributed significantly to their dominance in the moist wound dressing market.

Based on region, United States segment is expected to grow during the forecast period.  The expansion of the market in the region can be attributed to the presence of the target population and heightened patient awareness levels. Furthermore, the market is expected to grow further due to the rising incidence of chronic wounds like diabetic foot ulcers and pressure ulcers. According to the CDC, approximately 2.5 million patients are affected by pressure ulcers each year. Additionally, the wide distribution network and ready availability of products, facilitated by the presence of key market players, will also play a role in driving growth in the regional market.

The Canada market is poised to be the fastest-growing market, offering lucrative growth opportunities for Moist Wound Dressings players during the forecast period. Factors such as the region has experienced a notable rise in healthcare spending, government backing, and investments in research and development endeavors. Furthermore, the presence of emerging healthcare sector and facilities is expected to drive growth in the regional market.

 

Major companies operating in North America Moist Wound Dressings Market are:

  • Coloplast A/S
  • Medline Industries, Inc.
  • Smith & Nephew Plc
  • Convatec, Inc.
  • Systagenix Wound Management Ltd.
  • Derma Sciences, Inc.
  • Cardinal Health
  • Acelity Inc
  • 3M Co.
  • B. Braun Medical Inc.

 

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“The Advancements in Wound Care Technology and Emphasis on Faster and Cost-Effective Healing are key drivers of the Moist Wound Dressings market. In recent years, the growing emphasis on achieving faster wound healing while containing healthcare costs. Moist wound dressings excel in this regard as they create an optimal wound healing environment, promoting rapid cellular proliferation and tissue regeneration. By facilitating quicker healing rates, these dressings reduce the overall cost and resource utilization associated with wound care. Moreover, the growing consumer emphasis on preventative healthcare products has enhanced production and marketing efforts. To meet the demands of the market, manufacturers are increasingly incorporating cutting-edge technologies with high production efficiency. Rising consumer acceptance and continuous product innovation will further ensure the growth of the Moist Wound Dressings market in the coming years.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

North America Moist Wound Dressings Market – Segmented By Product (Foam Dressings, Hydrocolloid Dressings, Film Dressings, Alginate Dressings, Hydrogel Dressings, Collagen Dressings, Other Advanced Dressings), By Application (Acute Wounds {Surgical & Traumatic Wounds, Burns}, Chronic Wounds {Diabetic Foot Ulcers, Pressure Ulcers, Venous Leg Ulcers, Other Chronic Wounds}), By End-User (Hospitals, Specialty Clinics, Home Healthcare, Others), By Region, Competition, Forecast, Opportunities, 2018-2028”, has evaluated the future growth potential of North America Moist Wound Dressings Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in North America Moist Wound Dressings Market.


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