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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