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The global moist wound dressings market size is predicted to be valued at $6,807.2 million by 2031, expanding from $4,120 million in 2021 at a noteworthy CAGR of 5.2%.
The COVID-19 pandemic led to severe disruptions that affected the demand, supply, import-export, and availability of moist wound dressing across end-use industries. Moist wound dressing is widely used across hospitals, clinics, and home healthcare. The COVID-19 pandemic had a negative impact on the moist wound dressings market share growth as the majority of the treatment centers saw a significant decrease in the number of hospital admissions because only emergencies, such as severe infections or wound hemorrhagic complications, were permitted in the hospitals. However, the import-export restrictions, delay in the availability of raw materials, and travel restrictions led to supply chain disruptions in the moist wound dressings industry. All these factors negatively affected the moist wound dressings market growth during the pandemic.
Several initiatives launched by the Indian government are helping society to recover from the pandemic. For instance, in July 2022, the Government of India's Ministry of Health and Family Welfare announced a National Initiative (KAYAKALP) to recognize public health institutions that exhibit excellent levels of cleanliness, hygiene, and infection control for people to recover from injuries and infections.
The popularity of moist wound dressings can be attributed to their ability to prevent dehydration of wounds. Owing to this, moist wound dressings are largely used as a recovery therapy which can effectively work in diabetes, burns, and pressure ulcers. Moist wound dressing can be produced from different transparent and semi-permeable polymer membranes. The use of moist wound dressings in hospital healthcare significantly reduces the dependence on dry wound dressing. These are the major factors anticipated to boost the moist wound dressings market growth during the forecast period.
Moisture is essential for wound healing; however, excess moisture can be harmful. For instance, the fluid discharge from wounds is rich in a protein-melting enzyme that helps in removing dead tissue from the wound bed. However, these enzymes can also melt the normal skin around the wound. Excessive wetness or moisture in the wound can lead to fungal or yeast growth. These factors are anticipated to restrain the moist wound dressings market revenue growth during the forecast period.
During the fast year, emerging countries such as India, South Korea, Malaysia, Vietnam, Africa, and the Middle East. Israel, Saudi Arabia, and the United Arab Emirates are all heavily invested in the development of wound care products for the treatment of both acute and chronic wounds. Improving these countries' healthcare structures will drive the moist wound dressings market growth. Furthermore, acquisitions by market leaders are increasing the number of developments in the wound care market. The acquisition of small players by larger players is a major trend in this market. The acquisition of smaller and larger companies has increased due to small companies' high R&D capacity. Large players with deep pockets typically acquire these small players and use their innovative technologies to develop advanced products.
The global moist wound dressings market trend is segmented on the basis of product, application, end use, and region.
Product:
The product segment is further classified into foam dressings, hydrocolloid dressings, film dressings, alginate dressings, hydrogel dressings, and other dressings. Among these, the foam dressings segment witnessed a dominant market share in 2021. Traumatic wounds include abrasions, lacerations, and gunshots that necessitate foam dressing. Dressing products aid in the treatment of pressure ulcers, which are common in the elderly population, as well as an increase in the number of severe injuries and burn cases. This is expected to drive the moist wound dressings market.
Application:
The application segment is further classified into diabetic foot ulcers, pressure ulcers, venous leg ulcers, surgical and traumatic wounds, burns, and others. Among these, the surgical and traumatic wounds segment witnessed the highest moist wound dressings industry growth in 2021. Surgical and traumatic wounds or extensive wounds are typically defined as cuts, lacerations, or puncture wounds that cause damage to both the skin and underlying tissues. If they are not treated on time, they can cause severe damage to the soft tissues in the skin. An incision is a cut through the skin that is made during surgery. It is also called a surgical wound.
End Use:
The end-use segment is further classified into hospitals, clinics, and home healthcare. Among these, the hospitals segment was dominant in 2021. Hospitals as end use for moist wound dressings are quite popular. Moist dressing is appropriate for use in the therapeutic treatment of burn wounds due to its curative effect on wound healing and patient comfort.
Region:
The moist wound dressings market outlook in the Asia-Pacific region is projected to show the fastest market growth in 2031. The increase in adoption of alternative wound care products is one of the major factors that can impede the growth of the Asia Pacific wound dressing market. Wound care biologic products are relatively expensive, contributing significantly to the overall cost of wound management, discouraging patients from seeking advanced wound care. This is a major factor contributing to patients' increasing preference for traditional wound care management techniques such as traditional and antimicrobial dressing. The Asia Pacific region is expected to see profitable growth during the forecast period, as it holds potential growth opportunities for the market. Furthermore, the presence of emerging nations such as Thailand, Malaysia, and Singapore are expected to drive the moist wound dressings market growth.
Some of the leading moist wound dressings market players are
For instance, in March 2020, Advanced Medical Solutions Group plc acquired Raleigh Adhesion Coatings Ltd., an independent wound care and bio-diagnostics coatings company. This acquisition expanded the company's product line and strengthened its market position.
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