Biomaterial Wound Dressing Market to Grow with a CAGR of 7.05% through 2028
Advancements in nanotechnology creating new
applications of biomaterials and increase in demand for fast & safe
treatment for chronic wounds is expected to drive the Global Biomaterial Wound
Dressing Market growth in the forecast period, 2024-2028.
According to TechSci Research report, “Biomaterial
Wound Dressing Market – Global Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2028”, the Global Biomaterial Wound Dressing
Market stood at USD 1753.39 Million in 2022 and is anticipated to grow with a CAGR of 7.05% in the forecast
period, 2024-2028. The global Biomaterial Wound Dressing industry has recently
witnessed significant growth. The primary factor driving this market
performance is the technological advancements in biomaterials and their
application in wound dressing.
Additionally, the advancements in nanotechnology have
opened up new avenues for biomaterial applications, and the introduction of
innovative products is also considered a key driver for the market's growth
worldwide. Moreover, the progress in nanotechnology and materials science has
led to the development of advanced biomaterials with enhanced properties, which
is expected to further drive the market's growth during the assessment period.
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Factors such as the increasing demand for advanced
wound dressings, the need for effective protection from infection, the rapid
growth of the aging population, and the rising prevalence of chronic diseases
are expected to significantly boost the development of the biomaterial wound
dressing market in the coming years.
The market for biomaterial wound dressings is
primarily driven by advancements in technology, the growing aging population,
the escalating burden of chronic wounds and associated complications, and the
side effects linked to conventional wound healing procedures. Additionally,
government initiatives aimed at improving wound care services, the rising
demand for fast and safe treatment options for chronic wounds, and the
increasing incidence of lifestyle disorders such as diabetes leading to
conditions like venous leg ulcers, pressure ulcers, and diabetic foot ulcers
are all contributing to the market's growth. For instance, according to the
International Diabetes Federation's IDF Diabetes Atlas Tenth edition 2021, the
number of adults living with diabetes worldwide exceeded 537 million in 2021,
and it is projected to reach 643 million by 2030 and 783 million by 2045. This
rising diabetic population, which is more susceptible to foot ulcers, is
expected to drive the growth of the biomaterial wound dressing market.
Furthermore, the expansion of public health programs
dedicated to wound management is anticipated to fuel the market's expansion. In
a recent webinar hosted by the National Wound Care Strategy Programme in May
2022, presenters discussed various approaches to healing venous leg ulcers,
highlighting the importance of advancing wound care practices. Initiatives
aimed at raising public awareness of wound care services are also expected to
contribute to the growth of the market.
The industry is poised to witness disruptive trends
ranging from shifting supply chains to cost savings, automation, and customer
focus. Companies that understand these market trends and align their operations
accordingly will have the opportunity to gain significant market shares. The
report provides insights into emerging market trends, key driving forces,
challenges faced by companies, and the biomaterial wound dressing markets.
Continued innovation serves as a driving force behind
the growth of the global biomaterial wound dressing market. In the
post-pandemic era, most biomaterial wound dressing companies are operating with
a sense of urgency and a strong focus on consumer needs. Efforts to drive down
costs across different segments of the value chain enable companies to market
their products at competitive prices. Furthermore, in the long term, sustained
innovation and customer-focused strategies, coupled with the modernization and
expansion of manufacturing capabilities, remain critical success factors for
market players.The Global Biomaterial Wound Dressing Market is segmented into product,
type, application, end user, regional distribution, and company.
Based on product, alginate dressing is projected to
have a significant market share during the forecast period. It refers to
lightweight, non-woven natural wound dressings composed of highly absorbent
materials that promote healing. These dressings are widely utilized for exudating
wounds with excessive fluid. Alginate dressings, made from seaweed, are highly
absorbent and create a moist wound environment ideal for treating dry injuries.
Additionally, alginate dressings are suitable for managing bleeding wounds and
keeping nerve endings moist, thus reducing pain. This makes them preferable for
heavily draining wounds, surgical wounds, first and second-degree burns, and
donor sites, driving segment growth over the forecast period.
Alginate is widely recognized for its hydrophilic
properties in wound healing. According to a study published in the Journal of
Personalized Medicine in September 2021, alginate is the most commonly used
biomaterial with wound-healing properties compared to other biomaterials.
Alginate wound dressings can take various forms, such as beads, blends,
dressings, films, foams, gels, hydrogels, injections, microparticles,
microspheres, nanoparticles, polyelectrolyte complexes, powders, ropes, sheets,
sponges, and others, due to their hydrophilic nature. As a result, they are
commonly used for post-traumatic or exuding wounds. This wide application of
alginate dressings is expected to drive segment growth throughout the forecast
period. Furthermore, research on the use of alginate dressings for chronic
wound healing has been increasing in recent years. For example, a study
published in F1000Res. in June 2021 demonstrated the efficient use of gallic
acid-incorporated alginate biofilm for treating low to medium-suppurating
chronic wounds. Therefore, the growing research on alginate dressings is
anticipated to propel the market segment's growth over the forecast period.
Based on region, North America segment is expected to
grow during the forecast period. North America is anticipated to hold a
significant market share during the forecast period in the biomaterial wound
dressing market. The region's market is driven by several factors, including a
rapidly growing aging population, a high prevalence of diabetes, and a
well-established healthcare system that embraces innovative advancements. The
increasing number of individuals affected by diabetes is a key driver of market
growth. For example, according to the National Diabetes Statistics Report as of
January 2022, approximately 37.3 million people in the United States have
diabetes, accounting for around 11.3% of the total population. The report also
states that around 96 million adults in the United States have prediabetes.
Additionally, as per the February 2022 update from the American Diabetes
Association Statistics, approximately 283,000 individuals under the age of 20
in the United States are estimated to have been diagnosed with diabetes,
representing approximately 35% of that age group's population. Furthermore,
according to the International Diabetes Federation, in 2021, over 2.9 million
individuals between the ages of 20 and 79 in Canada were found to be affected
by diabetes. The same source predicts that by 2040, the number of people with
diabetes in the country will rise to approximately 3.5 million. The growing
diabetic population in North America, who are particularly susceptible to foot
ulcers, is expected to drive the demand for innovative wound dressing
technologies, thereby contributing to market growth throughout the forecast
period. Moreover, the region benefits from the presence of key market players
actively launching new products and engaging in research and development
activities, which further strengthens the market's growth prospects.
Major companies operating in
Global Biomaterial Wound Dressing Market are:
- 3M Company
- ConvaTec Group PLC
- DermaRite Industries LLC
- B. Braun Melsungen AG
- Hollister Incorporated
- Integra LifeSciences Holdings
Corporation
- Johnson & Johnson
- Medtronic PLC
- Molnlycke Health Care AB
- Smith & Nephew PLC
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“The rising prevalence of chronic wounds, particularly
various types of ulcers in diabetic patients, is a key driver for the
development of the biomaterial wound dressing market. Moreover, the growing
geriatric population, which has a higher likelihood of diabetes, directly
contributes to the market's growth for biomaterial wound dressing.
Additionally, the increasing advancements in the development of biomaterial
dressings for wounds are fueling the demand in the market, thereby expanding
its size. Furthermore, the growing initiatives to raise awareness about
advanced wound care and the numerous benefits of using biomaterial dressings
are also significant contributors to the market's growth.,” said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based management
consulting firm.
“Biomaterial Wound Dressing Market Segmented
By Product (Alginate Dressing, Hydrocolloids, Skin Substitutes, Others), By
Type (Primary Vs. Secondary), By Application (Wounds, Burns, Ulcers, Others),
By End Users (Hospitals & Clinics, Ambulatory Surgical Centers, Homecare), By Region and Competition, Forecast &
Opportunities, 2018-2028F”, has evaluated the future growth potential of Global
Biomaterial Wound 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 Biomaterial
Wound Dressing Market.
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