The global Moist Wound Dressings Market reached a value of USD 4.63 Billion in 2022, and it is projected to grow to USD 8.03 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.3% throughout the forecast period. This expansion is primarily driven by factors such as the increasing prevalence of chronic wounds, a growing elderly population, and a rising number of surgical procedures on a global scale.
Chronic wounds, including diabetic ulcers, pressure ulcers, and venous ulcers, affect millions of individuals worldwide, with their incidence rates steadily increasing each year. According to the World Health Organization, diabetes is ranked as the 9th leading cause of death globally, impacting approximately 1 in every 11 people. Furthermore, the projected rise in the global population of individuals aged 60 and older to 2 billion by 2050 will heighten the demand for advanced wound care solutions like moist wound dressings.
Traditional wound dressings remain preferred over moist wound dressings due to their ability to create a moist wound environment, which accelerates the healing process and reduces the risk of infection. Moreover, they are easier to use and more cost-effective, making them increasingly popular among medical professionals.
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Some key highlights of the report:
- Foam dressings, hydrocolloid dressings, film dressings, alginate dressings, and others are the various market segments for moist wound dressings. Foam dressings segment accounted for the largest revenue share in 2022.
- The surgical and traumatic wounds, ulcers, and burns segments of the moist wound dressings industry have been established. Among the segments, ulcers accounted for the largest revenue share in 2021.
- In 2022, Moist Wound Dressings are expected to have the greatest market in North America, with the United States dominating the region. The demand for advanced wound care products such as moist wound dressings is being driven by the growing elderly population, rising incidence of chronic wounds, and rising healthcare costs.
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Competitive Landscape:
Some major companies included in the global moist wound dressings market report are:
- 3M Company
- Smith Nephew plc
- Mölnlycke Health Care AB
- Coloplast A/S
- ConvaTec Group plc
- B. Braun Melsungen AG
- Medline Industries, Inc.
- Paul Hartmann AG
- Hollister Incorporated
- DermaRite Industries, LLC
- Medtronic Plc.
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