Biomaterial Wound Dressing Market Size to Touch USD 8.76 Billion at 5.36% CAGR by 2032 – Report by Market Research Future
Research Reports
Nov 14, 2023
Biomaterial Wound Dressing Market Research Report Information by Type (Hydrogel, Alginate Dressing, Hydrocolloid Dressings, Skin Substitutes and Others), by Application (Burns, Pressure Ulcers, Surgical Wounds, Lacerations and Cuts, Skin Grafts, and Others), by End User (Hospitals & Clinics, Ambulatory Surgical Center and Homecare Settings), and by Region (North America, Europe, Asia-Pacific, Rest of the World)—Forecast till 2032
According to MRFR analysis, the Biomaterial Wound Dressing Market is expected to register a CAGR of 5.36 % from 2023 to 2032 and hold a value of over USD 8.76 Billion by 2032.
Growth in the market is being fueled by factors including the increasing incidence of chronic wounds like diabetic and venous ulcers and pressure ulcers, the rising number of medical surgeries like cosmetic and orthopedic procedures, and the growing demand for novel wound dressing materials in healthcare facilities and at home. Recent research has found that over 70% of persons with diabetes in industrialized nations, including the United States, may experience the symptoms linked with diabetic foot ulcers at some point in their lives. Because of this, hydrogels, foam, and alginates, among other advanced wound dressing materials, have become increasingly sought after.
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Technological progress, an aging population, the prevalence of chronic wounds and other health issues, and the limitations of traditional wound healing methods are all factors propelling growth in the biomaterial wound dressing market. Growth in the market is also expected to be fueled by the growth of public health initiatives aimed at wound treatment. During the projected period, the market is predicted to rise due to the increasing prevalence of diabetics in the North American area, who are more prone to developing foot ulcers.
Segmentation
The Biomaterial Wound Dressing Market segmentation is based on application, which includes burns, pressure ulcers, surgical wounds, lacerations and cuts, skin grafts and others.
The Market segmentation of Biomaterial Wound Dressing is based on the end user, which includes hospitals & clinics, ambulatory surgical center and homecare settings.
Key Players
Some of the key market players are: Smith & Nephew (UK), B. Braun Melsungen AG (Germany), 3M (US), Mölnlycke Health Care (Sweden), Acelity (US), ConvaTec, Inc (UK), Coloplast Corp (Denmark), Derma Sciences, Inc (US), Cardinal Health (US), and Medtronic (Ireland)
Regional Analysis
In 2022, the market for biomaterial wound dressings in North America was worth the most. This is because to the growing elderly population, higher earnings, and higher hospital costs associated with treating chronic and serious wounds. In addition, the industry is being bolstered by increasing healthcare awareness and, in certain countries, more generous reimbursement laws.
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Due to factors such as an aging population, rising patient awareness, and enhanced healthcare infrastructure, Europe is poised to become the second biggest market for biomaterial wound dressings. The market for biomaterial wound dressing is predicted to increase at the quickest rate in the European Union in the next years, with Germany owning the greatest market share.
From 2023 to 2032, the market for biomaterial wound dressings is anticipated to expand at a rate highest in Asia-Pacific. Reasons for this include a sizable population, progress in healthcare reimbursement regulations, and increasing medical expenditures. Additionally, the market for biomaterial wound dressing is anticipated to develop at the quickest rate in India, while China is anticipated to have the greatest market share.
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