Alginate Dressing Market to be Dominated by Antimicrobial Type through 2028F
Increasing number of surgeries is expected to drive the
growth of global alginate dressing in the forecast period, 2024-2028.
According to TechSci Research report, “Alginate Dressing Market -
Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F”,
the global alginate dressing market is
anticipated to grow at an impressive rate in the forecast period, 2024-2028.
This can be ascribed to the increasing incidence of chronic and acute
wounds related infections across the globe. Additionally, increasing number of surgical
site infections along with the rising number of road accidents, especially in
the developed countries in North America and Europe, is expected to create
lucrative opportunities for market growth in coming years. Besides, increasing the
number of diabetes and diabetic foot-related ulcers is further expected to support
the market growth. Similarly, the rising number of burns, and trauma-related
cases will further boost the market growth during the forecast period.
Sometimes, serious bleeding issues and other injuries needed immediate medical
attention and surgical procedures to provide patients with immediate relief
which will further boost the market growth over the years. For instance, the
world health Organization in 2018, estimates that over 1,000,000 individuals in
India suffer from severe or moderate burns each year. So, the growing adoption
of advanced dressings will demand alginate dressings which in turn boost the
market growth over the years.
However, high
cost of medical expenditure can create affordability issues thereby slowing
down the global alginate dressing market growth in the forecast period.
Similarly, lack of awareness among individuals and healthcare professionals, especially
in the developing countries may hamper the alginate dressing market growth
during the forecast period. Also, poor reimbursement scenario and lack of
insurance coverage for surgeries in emerging countries, can further restrict
the growth of global alginate dressing market. Additionally, the high cost of
alginate dressings may hamper the growth of the market during the forecast
period.
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The global alginate
dressing market can be
segmented by type, by application, by end user and by region.
Based on type, the global alginate dressing market
can be divided into antimicrobial and non-microbial.
The antimicrobial segment dominated the market in 2022 and is expected to
continue maintaining its dominance throughout the forecast period. This can be
ascribed to increasing recent product launches and various studies on
antimicrobial alginate dressing. Similarly, advancements in wound dressings
have led to a move from basic dressings to advanced pharmaceutical active
ingredients and devices which will further enhance the demand for alginate
dressings and propel the market growth during the forecast period.
Based on end user, the market can be segmented
into hospitals & clinics, homecare, ambulatory care centers, and others.
The hospitals & clinics segment is expected to dominate during the forecast
period on account of increasing patient population and the number of hospitals
across the world. Similarly, the growing number of road accidents, burn
injuries and different types of chronic diseases will create a burden on
hospital segments which will further enhance the demand for alginate dressings
and drive the growth of the market over the years.
Major companies operating in the global alginate dressing market are:
- 3M Company
- ConvaTec, Inc.
- Coloplast Corporation
- Smith & Nephew Plc
- B Braun Melsungen AG
- Medline Industries, Inc.
- Molnlycke Health Care AB
- Hollister Inc.
- Paul Hartmann AG
- Cardinal Health, Inc.
In October 2022, Medline and the Hoag Memorial
Hospital Presbyterian Health System in California have formed a $200 million
multi-year prime vendor collaboration. The strategic relationship will deliver
a wide portfolio of important medical supplies and solutions to the system's
complete acute and non-acute care network in support of the Orange County
community's full continuum of care.
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“North America is
expected to dominate in the global alginate dressing market due to the increasing
prevalence of chronic wound related diseases across the region. Furthermore, increasing
the availability of appropriate reimbursement programs in the U.S and Canada along
with increasing healthcare expenditure is further contributing to demand for
dental contouring. Besides, the growing incidence of leg ulcers, pressure sores
and infected surgical wounds along with the availability of skilled
professionals and increasing demand for advanced wound care products like
alginate dressing in the region, are further expected to create lucrative
opportunities for the market growth” said Mr. Karan Chechi, Research Director
with TechSci Research, a research based global management consulting firm.
“Alginate
Dressing Market - Global Industry Size, Share, Trends, Opportunity, and
Forecast, 2018-2028F Segmented By Type
(Antimicrobial v/s non-Microbial), By Application (Acute Wounds v/s Chronic
Wounds), By End User (Hospitals & Clinics,
Homecare, Ambulatory Care Centers, Others), By Region and Competition”, has evaluated the future growth potential of global alginate
dressing 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 global alginate dressing market.
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