Antimicrobial Wound Dressing Market Trends

  • Report ID: 2856
  • Published Date: Apr 30, 2024
  • Report Format: PDF, PPT

Antimicrobial Wound Dressing Market Trends

Growth Drivers

  • Increasing surgical interventions - Surgical treatments, both elective and emergency, increase demand for wound products, such as antimicrobial dressings. The increase in surgical treatments, particularly in fields such as orthopedics and cardiovascular surgery, helps to drive antimicrobial wound dressings market growth. Following surgical operations, patients are frequently left with surgical wounds that require adequate care and management to promote healing and prevent infection.

    Antimicrobial wound dressings are vital for this reason because they help to maintain a clean environment around the wound, lowering the incidence of surgical site infections (SSIs). As a result, the market for antimicrobial wound dressings has grown.
  • Increasing geriatric population - Chronic wounds, such as pressure ulcers and venous leg ulcers, become more common as the population ages. Older persons are more vulnerable to chronic wounds for a variety of reasons, including limited mobility, impaired circulation, and comorbidities including diabetes and cardiovascular disease. As a result, antimicrobial wound dressings are becoming more widely used.

    According to a report, the proportion of persons aged 65 and up is growing faster than those under that age. This means that the proportion of the global population aged 65 and more is predicted to climb from 10% in 2022 to 16% by 2050. Therefore, the increasing geriatric population is influencing the market growth.
  • Surge in the adoption of advanced wound dressing technologies - The market for antimicrobial wound dressings is just as dynamic as any other. Wound dressings have evolved, including innovative technologies such as smart sensors and microelectronics. These technologies allow for continuous monitoring of the wound healing process and infection status, delivering real-time data to healthcare providers.

    Furthermore, the industry's leading players are continually launching new products, fueling market growth. For instance, Convatec has launched ConvaFoam™ in the US, offering improved foam dressings for healthcare practitioners and patients. ConvaFoam™ is a versatile dressing that may be applied to many wound types at any point of the healing process, making it the ideal solution for wound management and skin protection.

Challenges

  • High costs of the product - Antimicrobial wound dressings are typically more expensive than regular wound dressings. The additional cost can be prohibitive for healthcare systems and people, particularly in areas with limited healthcare budgets. As a result, the antimicrobial wound dressings market may experience a decline.
  • Reduced healthcare spending in developing nations may hinder market growth
  • Inaccessible treatment for a large number of patients may act as a market restrain

Antimicrobial Wound Dressings Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

7%

Base Year Market Size (2023)

USD 2 Billion

Forecast Year Market Size (2036)

USD 5 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Author Credits:  Radhika Pawar


  • Report ID: 2856
  • Published Date: Apr 30, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2023, the industry size of barge transportation was over USD 2 billion.

The market size for barge transportation is projected to cross USD 5 billion by the end of 2036 expanding at a CAGR of 7% during the forecast period i.e., between 2024-2036.

The major players in the market are Bactiguard, Medline Industries, Smith & Nephew, Cardinal Health, Convatec, Inc., B. Braun SE, Coloplast Corp., McKesson Corporation, Paul Hartmann AG, 3M, and others.

In terms of application, the chronic wounds segment is anticipated to account for the largest market share of 58% during 2024-2036.

The North America antimicrobial wound dressings sector is poised to hold the highest share of 37% by 2036.
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