Moist Wound Dressings Market Expected to Reach $6.8 Billion by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Moist Wound Dressings Market," The moist wound dressings market size was valued at $4.1 billion in 2021, and is estimated to reach $6.8 billion by 2031, growing at a CAGR of 5.2% from 2022 to 2031.

The moist wound dressings market is growing rapidly as it plays a major role in treating chronic wounds such as leg ulcers, diabetic foot ulcers, burns, surgical wounds, and others. A moist wound dressing is a method or practice to safeguard a wound from microbial infections, necrotic spread, and contamination. The introduction of innovative therapies such as electromagnetic therapy, electrotherapy, nanotechnology, and the use of silver and other combinations dressings is propelling the moist wound dressings market. This is due to the moist environment provided by this dressing, which aids in quicker healing of wounds. Moist wound environment reduces pain, guards against tissue dehydration, and promotes the breakdown of dead tissue.

The presence of excess moisture in moist wound dressing can harm the normal skin around the wound. Excessive moisture can lead to yeast and fungal growth. Hence, more absorptive wound dressing material must be used to control excessive wound fluid. These factors are estimated to restrict the moist wound dressing market demand during the forecast period. Moist wound dressing facilitates re-epithelialization that reduces scar formation. The inflammatory reaction of the wound is also reduced due to the moist environment that limits the progression of the wound or injury. Wound healing requires less time with moist wound dressing as the body can focus on healing the wound rather than protecting it. The moist environment traps endogenous proteolytic enzymes to speed up healing. It also helps in reducing the chances of infection with the help of hypoxic environment that decreases the pH, promotes angiogenesis, and makes the wound area inhospitable to bacteria. Hence, for a quick healing process, moist wound dressing is a popular choice that can also encourage vapor transmission and facilitate autolytic debridement. These aspects are anticipated to boost the moist wound dressings market share during the forecast period.

The moist wound dressings market is segmented on the basis of product, application, end use, and region. On the basis of product, it is classified into foam dressings, hydrocolloid dressings, film dressings, alginate dressings, hydrogel dressings, and other dressings. On the basis of application, it is classified into diabetic foot ulcers, pressure ulcers, venous leg ulcers, surgical and traumatic wounds, burns, and others. On the basis of end use, it is classified in to hospitals, clinics, and home healthcare. On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in the moist wound dressings market report include Coloplast A/S, 3M, Cardinal Health, Inc., Medline Industries, Inc., Smith & Nephew Plc, B. Braun, Convatec Group Plc, Systagenix Wound Management Ltd., Derma Sciences, and Hollister Incorporated.

The report offers a comprehensive analysis of the global moist wound dressings market trends by thoroughly studying different aspects of the market, including major segments, market statistics, market dynamics, regional market outlook, investment opportunities, and top players working towards the growth of the market. The report also sheds light on the present scenario and upcoming trends & developments that are contributing to the growth of the market. Moreover, restraints and challenges that hold power to obstruct the market growth are also profiled in the report along with Porter’s five forces analysis of the market to elucidate factors such as competitive landscape, bargaining power of buyers and suppliers, threat of new players, and emergence of substitutes in the market.

Impact of COVID-19 on the Global Moist Wound Dressings Industry

• The uncertainties and economic and health crises led by the COVID-19 pandemic have had a profound impact on the moist wound dressings market growth. This is majorly owing to the low hospitalization rate for minor injuries.
• The fear of the spread of the COVID-19 virus among people restricted patients from clinical or hospital visits for treatment. Most patients have adopted home treatments.
• Only emergency cases such as extreme infections, injuries, and surgeries were permitted at hospitals and clinics during the pandemic, which reduced the demand for moist wound dressings to some extent.
• However, healthcare professionals such as primary care physicians opted for teleconsultations and telemedicine for wound care management to facilitate quick recovery of patients.
• Thus, the restrictions and social distancing norms imposed during the pandemic increased the popularity of home care, telemedicine, and online consultations.

Key Findings of the Study

• On the basis of product, the foam dressings segment emerged as the global leader in 2021, and the hydrogel dressings segment is anticipated to be the fastest growing segment during the forecast period.
• On the basis of application, the surgical and traumatic wounds segment emerged as the global leader in 2021, and the diabetic foot ulcers segment is predicted to show the fastest growth in the coming years.
• On the basis of end use, the hospitals segment emerged as the global leader in 2021, and the home healthcare segment is predicted to show the fastest growth in the coming years
• On the basis of region, the North America market registered the highest market share in2021 and is projected to grow at a significant rate during the forecast period.