Hydrogel Dressing Market Size Hit USD 894.5 Million by 2028

According to Fortune Business Insights, The global Hydrogel Dressing Market size is expected to reach USD 894.5 million by 2028, exhibiting a CAGR of 5.1% during the forecast period. The market size stood at USD 622.2 million in 2020. Growing Cognizance about the Advantages of Hydrogel Dressings to Incite Development

Pune, India, Jan. 09, 2023 (GLOBE NEWSWIRE) -- The global Hydrogel Dressing Market size is expected to reach USD 894.5 million by 2028, exhibiting a CAGR of 5.1% during the forecast period. The growing cases of diabetic foot ulcers and pressure ulcers will create lucrative opportunities for the market in the forthcoming years, states Fortune Business Insights in a report titled, “Hydrogel Dressing Market, 2021-2028.” The market size stood at USD 622.2 million in 2020.

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Hydrogel Dressing Market Report Scope & Segmentation :

Report Coverage

Details

Forecast Period

2021 to 2028

Forecast Period 2021 to 2028 CAGR

5.1%

2028 Value Projection

USD 894.5 Million

Base Year

2021

Market Size in 2021

USD 633.2 Million

Historical Data for

2017 to 2019

No. of Pages

155

Drivers and Restraints:

Growing Cognizance about the Advantages of Hydrogel Dressings to Incite Development

Hydrogel dressings are gaining popularity because they keep wounds clean by eliminating diseased or necrotic tissues via autolysis when applied to dry wounds and necrotic or sloughing wounds. These dressings provide several advantages, including keeping the wound moist, warm, and closed; they may be used with topical medicines and are excellent for treating all sorts of wounds.The demand for hydrogel dressings has risen as a result of the above-mentioned benefits, resulting in significant sales growth for the firms. As a result, growing product demand is expected to propel the market during the forecast period.

However, inadequate reimbursement policies and high treatment costs may hinder market growth.

COVID-19 Impact: The global market has been negatively impacted by the COVID-19 epidemic. Few industry participants reported a drop in revenue as a result of lower product demand and sales owing to the pandemic. In nations such as the U.S., the U.K., India, and others, the closure of healthcare facilities dedicated to wound care departments resulted in a halt in-patient visits. However, although in the event of an emergency, the patient may be admitted to the hospital, which can gradually accelerate the global Hydrogel Dressing Market growth.

Market Segments:

Based on product, the market is segmented into amorphous, impregnated dressings and sheet dressings.

Based on raw material, the market is classified into natural, synthetic, and semi-synthetic. The synthetic segment is expected to hold the maximum Hydrogel Dressing Market share due to the availability of highly effective dressings made up of polyethylene glycol, polyacrylic acid, and other synthetic materials to treat wounds.

Based on application, the global market is classified into diabetic foot ulcer, pressure ulcer, venous led ulcer, burn injuries/wounds, and others.

Based on end-user, the market is divided into hospitals & clinics, homecare settings, and others.

Geographically, the market is separated into North America, Europe, Asia Pacific, and the Rest of the world.

Click here to get the short-term and long-term impact of COVID-19 on this market.

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What does the Report Include?

The report covers the market’s competitive landscape and profiles key market players accordingly.

The report highlights the challenges and restraints to market growth and suggests strategies to overcome them.

The report showcases the impact of the coronavirus outbreak and its effect on market’s growth.

The report provides information on the key market trends and latest industry developments.

Regional Insights:

Increasing Healthcare Expenditure to Augment Growth in North America

In 2020, the North American market stood at USD 254.6 million. The region's dominance can be attributed to the rising frequency of chronic wounds in the U.S. and increased demand for hydrogel dressings for ulcer and wound treatment. In addition, rising healthcare expenditures by the U.S. government for wound treatment are projected to contribute to segmental development. According to numerous studies, the U.S. spends an estimated USD 20 billion per year on the treatment of chronic wounds. Moreover, over the analysis period, attempts to develop innovative goods in the market are expected to promote growth. Due to the rising financial burden on European healthcare, which has resulted in increased demand, Europe has earned the second top position in the market.

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Competitive Landscape:

3M to Hold the Maximum Share

The market is semi-consolidated, with a few key companies dominating the landscape. 3M, Smith & Nephew, ConvaTec Group, and Coloplast A/S are the market leaders, with 3M, Smith & Nephew, ConvaTec Group, and Coloplast A/S accounting for the bulk of the market share. 3M's broad geographical presence in more than 90 countries has helped the company generate huge amounts of money, resulting in domination.

Key Development:

August 2020: One Equity Partners and The Silverfern Group announced that it had acquired a wound-care company American Medical Technologies (AMT). AMT provides advanced dressings, bedside clinical education and other technologies for clinical and risk management.

The Report Lists the Key Companies in the Market:

Coloplast A/S (Humlebaek, Denmark)

3M (Maplewood, U.S.)

Smith & Nephew (London, U.K.)

BSN Medical (Hamburg, Germany)

Integra LifeScience Corporation (New Jersey, U.S.)

B. Braun Melsungen AG (Melsungen, Germany)

ConvaTec Group (Reading, U.K.)

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Table Of Contents :

Introduction

Market Scope

Market Segmentation

Market Methodology

Definitions and Assumptions

Executive Summary

Market Dynamics

Market Drivers

Market Restraints

Market Opportunities

Key Insights

Economic Cost Burden - Chronic Wounds, By Key Countries

New Product Launches

Key Industry Developments (Mergers, Acquisitions, etc.)

Overview of Technological Advancements in Hydrogel Dressing Market

Product Mapping of Key Hydrogel Dressing Market, By Key Companies

Qualitative Insights – Growing importance of Combination Dressings

Porter's Five Forces Analysis

Value Chain Analysis

Regulatory Overview (Regulatory Agencies Involved, Guidelines/Protocols, Product Approvals)

Qualitative Insights – Peptide-based Wound Dressings

Impact of COVID-19 on the Global Hydrogel Dressing Market

Global Hydrogel Dressing Market Analysis, Insights and Forecast, 2017-2028

Key Findings / Summary

Market Analysis, Insights and Forecast – By Product

Amorphous

Impregnated Dressings

Sheet Dressings

Market Analysis, Insights and Forecast – By Material

Natural

Synthetic

Semi-Synthetic

Market Analysis, Insights and Forecast – By Application

Diabetic Foot Ulcer

Pressure Ulcer

Venous leg Ulcer

Burn Wounds

Others

Market Analysis, Insights and Forecast – By End User

Hospitals & Clinics

Homecare Settings

Others

Market Analysis, Insights and Forecast – By Geography

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

North America Hydrogel Dressing Market Analysis, Insights and Forecast, 2017-2028

Key Findings / Summary

Market Analysis, Insights and Forecast – By Product

Amorphous

Impregnated Dressings

Sheet Dressings

Market Analysis, Insights and Forecast – By Material

Natural

Synthetic

Semi-Synthetic

Market Analysis, Insights and Forecast – By Application

Diabetic Foot Ulcer

Pressure Ulcer

Venous leg Ulcer

Burn Wounds

Others

Market Analysis, Insights and Forecast – By End User

Hospitals & Clinics

Homecare Settings

Others

Market Analysis, Insights and Forecast – By Country

U.S. (By Product)

Canada (By Product)

Europe Hydrogel Dressing Market Analysis, Insights and Forecast, 2017-2028

Key Findings / Summary

Market Analysis, Insights and Forecast – By Product

Amorphous

Impregnated Dressings

Sheet Dressings

Market Analysis, Insights and Forecast – By Material

Natural

Synthetic

Semi-Synthetic

Market Analysis, Insights and Forecast – By Application

Diabetic Foot Ulcer

Pressure Ulcer

Venous leg Ulcer

Burn Wounds

Others

Market Analysis, Insights and Forecast – By End User

Hospitals & Clinics

Homecare Settings

Others

Market Analysis, Insights and Forecast – By Country/Sub-region

U.K (By Product)

Germany (By Product)

France (By Product)

Spain (By Product)

Italy (By Product)

Scandinavia (By Product)

Rest of Europe (By Product)

Toc Continue…

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