Number of pages: 100 | Report Format: PDF | Published date: February 03, 2023
Historical Years – 2020 | Base Year – 2021 | Forecasted Years – 2022-2030
Report Attribute |
Details |
Market Size Value in 2021 |
US$ 850 million |
Revenue Forecast in 2030 |
US$ 1,241.58 million |
CAGR |
4.3% |
Base Year for Estimation |
2021 |
Forecast Period |
2022-2030 |
Historical Year |
2020 |
Segments Covered |
Product Type, Application, Raw Material, End User, and Region |
Regional Scope |
North America, Europe, Asia Pacific, and the Rest of the World (RoW) |
According to the deep-dive market assessment study by Growth Plus Reports, the global hydrogel dressing market was valued at US$ 850 million in 2021 and is expected to register a revenue CAGR of 4.3% to reach US$ 1,241.58 million by 2030.
Hydrogel Dressing Market Fundamentals
Hydrogel dressings are a new development in wound treatment technology that is gaining popularity due to their ability to speed up and improve wound healing. A hydrogel dressing comprises insoluble hydrophilic polymers that expand upon contact with water and makes up most of the content of hydrogel dressings, which is about 90% water. In most cases, hydrogel dressings are formed from polymers of synthetic molecules, such as polymethacrylate and polyvinylpyrrolidone. In certain cases, they also contain alginate dressings. The hydrogel dressings regulate the fluid exchange at the wound-bandage interface by substituting sodium and other molecules from the wound discharge for hydrogel compounds. Complete healing is encouraged by the hydrogel’s moisture, which facilitates painless debridement of infected and necrotic tissue and encourages granulation. They are suitable as their high-water content prevents them from becoming fully absorbent. Generally, the success of hydrogel dressings is a result of their capacity to provide an ideal wound healing environment, which is warm and wet rather than dry, while preventing the spread of infectious agents.
Hydrogel dressings are perfect for use as wound dressings. Hydrogel dressings can help in cleaning and maintaining the cleanliness of wounds by encouraging the clearance of diseased or necrotic tissue through autolysis when administered to dry wounds, along with sloughing or necrotic wounds. Several new studies support the active usage of hydrogels for wound management in most wound types as they hydrate and loosen the necrotic tissue, promote autolysis and debridement, and absorb a small amount of exudate and sloughing discharge.
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Hydrogel Dressing Market Dynamics
The global hydrogel dressing market is expected to register revenue growth at a significant pace during the forecast period due to the growing population with chronic and acute wounds. Additionally, an increase in the aging population is anticipated to boost the usage of hydrogel dressing as any wound in old age heals slowly. The number of individuals who develop diabetic foot ulcers is rising due to the growing incidence of diabetes worldwide. Many healthcare practitioners use hydrogel dressing as it speeds up wound healing. During the forecast period, this is anticipated to raise the demand for hydrogel dressing. Additionally, the expected revenue growth of the global hydrogel dressing market is due to the rise in burns, trauma, and auto accidents. The demand for hydrogel dressings is expected to increase as the prevalence of acute and chronic wounds rises, due to their effectiveness in treating such types of wounds of various thicknesses.
The development of the global hydrogel dressing market, nevertheless, is anticipated to be constrained by high production costs of hydrogel dressings and a prolonged time from the lab to the market for healthcare items.
Hydrogel Dressing Market Ecosystem
The global hydrogel dressing market has been analyzed from five perspectives: product type, application, raw material, end user, and region.
Hydrogel Dressing Market by Product Type
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Based on the product type, the global hydrogel dressing market has been segmented into impregnated hydrogel, amorphous hydrogel, and sheet hydrogel.
The amorphous hydrogel segment accounts for one-half of the total market revenue share. A dry wound can be provided moisture with an amorphous hydrogel dressing, which also helps to maintain a wet environment for healing. Minor burns, necrotic wounds, and radiation-damaged tissue healing all benefit from using these bandages. The need for hydrogel dressings is predicted to rise in the next few years due to the rising number of burn victims worldwide.
Hydrogel Dressing Market by Application
Based on the application, the global hydrogel dressing market has been segmented into chronic wounds and acute wounds.
The chronic wounds segment is further sub-segmented into diabetic foot ulcers, pressure ulcers, venous leg ulcers, and other chronic wounds. The acute wounds segment is sun-segmented into surgical & traumatic wounds and burns. The chronic wounds segment leads the global hydrogel dressing market in terms of revenue share. The increase in the elderly population, the rise in diabetic foot ulcer cases, and the prevalence of obesity are several factors attributed to the dominance. The rise in the obese population is predicted to boost the number of patients with venous leg ulcers and pressure ulcers, which in turn, is expected to fuel revenue growth in the segment.
Hydrogel Dressing Market by Raw Material
Based on the raw material, the global hydrogel dressing market has been segmented into synthetic, semi-synthetic, and natural.
The synthetic segment dominates the market for hydrogel dressing owing to the high-quality dressings produced using polyethylene glycol, polyacrylic acid, and other synthetic materials that are readily available. The increased demand for synthetic dressings is due to their key role in creating an optimal environment for wound healing.
Hydrogel Dressing Market by End User
Based on the end user, the global hydrogel dressing market has been segmented into hospitals, homecare settings, specialty clinics, and others.
The hospitals segment accounted for the highest revenue share in 2021. The dominance of this segment is mainly due to both the rise in bariatric procedures, which necessitate the usage of hydrogel dressing solutions to prevent surgical site infections, and the general increase in surgical procedures as a result of inactive lifestyles around the world. Additionally, hospitals are known as the largest purchasers of hydrogel dressings and have long-term contracts with vendors.
Hydrogel Dressing Market by Region
Based on the region, the global hydrogel dressing market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World.
North America accounted for the largest revenue share of the market for hydrogel dressing. The key factors influencing the evolution of the hydrogel dressing market in this region include the presence of a sizable population base and patient pool in nations such as the U.S. and Canada. Additionally, as people with diabetes are more likely to suffer from chronic wounds, the expanding diabetic population is anticipated to fuel the demand for hydrogel dressing supplies in this region. The market for hydrogel dressing in North America is predicted to grow at a significant CAGR during the forecast period due to the availability of competent specialists and rise in the frequency of gunshot wounds and severe accidents.
Hydrogel Dressing Market Competitive Landscape
The prominent players operating in the global hydrogel dressing market are:
Hydrogel Dressing Market Strategic Developments
The global hydrogel dressing market is expected to register growth at a revenue CAGR of 4.3% during the forecast period from 2022 to 2030.
3M Company, Cardinal Health, Smith & Nephew, McKesson Corporation, and B. Braun Melsungen are among the key players in the global hydrogel dressing market.
The chronic wounds segment dominates the global hydrogel dressing market with the largest revenue share.
Asia Pacific is expected to register the highest revenue growth in the market during the forecast period from 2022 to 2030.
The global hydrogel dressing market was valued at US$ 850 million in 2021.
*Insights on financial permanence are subject to the availability of information in the public domain