Film Dressing Market Share, Size, Trends, Industry Analysis Report, By Application (Acute Wounds and Chronic Wounds); By End-Use; By Region; Segment Forecast, 2023-2032
- Published Date:Mar-2023
- Pages: 117
- Format: PDF
- Report ID: PM3057
- Base Year: 2022
- Historical Data: 2019-2021
Report Outlook
The global film dressing market was valued at USD 1,501.00 million in 2022 and is expected to grow at a CAGR of 4.4% during the forecast period. Significant rise in the number of traumatic accidents such as burns, gunshots, and road accidents, as well as increased awareness regarding the variety of advanced wound care treatments that keep the wound moist and accelerate healing without any need to obstruct the process, which are the key factors driving the global market growth. Moreover, the growing popularity of unhealthy and sedentary lifestyles, consuming alcohol, and smoking results in an increased prevalence of non-communicable diseases, fueling the need for advanced surgical procedures and dressing products to treat patients effectively.
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For instance, according to the World Health Organization, non-communicable diseases are the major cause of human deaths, killing over 41 Mn people each year, accounting for around 74% of global deaths. Which CVDs account for most deaths, with 17.9 Mn, followed by cancer & chronic respiratory diseases.
Moreover, with the rapidly growing workforce for home care services worldwide and the continuous rise in the senior population, home healthcare services are becoming more popular and augmenting the need for improved dressing products. Patients needing surgery must stay in the hospitals for longer or extended periods. As a result, many individual patients choose home treatment for hospital stays, as they get numerous benefits from that kind of service, like personal care, home-delivered meals, and many others.
However, effective and high-quality healing solutions are much more expensive and difficult for physicians, researchers, and patients, as it requires the installation of costly equipment, hampering their adoption in low-medium income countries.
The outbreak of the COVID-19 pandemic has positively impacted the growth of the film dressing market. The demand for advanced wound dressing and the widespread adoption of personal protective equipment, including masks, gowns, and gloves that cause skin rashes and wounds, resulted in immediate treatment requirements. Thereby the demand for the product across the globe has grown drastically. However, disruptions in the supply chain and restrictions on mass movement have increased the number of cases and fatalities during the pandemic.
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Industry Dynamics
Growth Drivers
The increasing number of incidents related to a variety of chronic and lifestyle-related diseases such as heart diseases, stroke, cancer, and respiratory diseases worldwide, especially among the aged population, coupled with the increase in obese people, that led to a rise in the chances for infections, are among the major factors resulting in a surge in the number of surgeries, which in turn, propelling the market growth. Furthermore, the emerging demand for interactive would dressings that provides a moist environment for wound healing along with several other benefits, including help in faster re-epithelialization and collagen synthesis, decreasing the would bed pH, and promoting angiogenesis through creating hypoxia to the wound bed, is further projected to boost the global market
Report Segmentation
The market is primarily segmented based on application, end-use, and region.
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By Application |
By End-Users |
By Region |
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Acute wounds segment is expected to witness the fastest growth in film dressing market
The acute wounds segment is expected to grow at the fastest growth rate during the projected period. The growth of the segment market can be mainly attributed to increasing numbers of surgical site infections and the continuously rising prevalence or frequency of burn injuries across the globe. Moreover, the extensive growth in the global population, especially across the APAC region, and the surge in the number of road accidents because of the heavy traffic and lack of safety measures among people has led to a high demand for surgical procedures, which in turn, propelling the segment market growth.
The chronic wounds segment held the largest market share in 2022 and is likely to retain its position over the study period on account of the rising number of incidences of diabetes and diabetic foot ulcers, along with the growing prevalence of long-term inflammation and infections. For instance, as per the International Diabetes Federation (IDF), in 2021, around 537 Mn people between the age of 20-79 years were living with diabetes, and it is projected to rise to around 643 Mn by 2030 & 783 Mn, by 2045.
According to the National Center for Biotechnology, the annual incidence of diabetic ulcers is between 9.1-26.1 million. Nearly 15-25% of the patients suffer from diabetes mellitus, which turns into a diabetic foot ulcer during the future course of their life. Since the usage of film dressing aids in the healing of these kinds of ulcers, the segment market is growing rapidly and will have significant growth over the next coming years.
Hospitals segment accounted for the largest share in 2022
The hospital's segment accounted for considerable global market share in 2022, mainly driven by an increase in the number of hospitals, rising prevalence among patients regarding hospitalization, and a surge in the number of surgical site infections in the hospitals. Moreover, the growing spending on the development and advancement of healthcare infrastructure, especially in the emerging economies of the world, including India, China, South Korea, and Indonesia, and high implementation on developing multispecialty hospitals with departments dedicated to wound management are further anticipated to boost the demand and growth of the segment market.
The home healthcare segment is anticipated to expand at a significant CAGR during the forecast period, which is highly attributable to increasing patient's inclination from hospital to home care settings for their personalized wound care, as most of these procedures have very long prolonged healing phase, that makes it's necessary for regular dressing changes. Also, hospitals are comparatively much more expensive than home healthcare, due to which many patients cannot afford long hospitalization procedures. Thus they are shifting towards affordable treatment solutions, fueling the segment market growth.
North America region dominated the global market
The North America region dominated the global market in 2022 with a healthy market revenue share and is projected to maintain its dominance throughout the forecast period. The regional market growth can be attributed to a continuous rise in the prevalence of chronic wounds, the availability of well-developed and advanced healthcare infrastructure in countries like the US and Canada, and the large accessibility of various supportive reimbursement programs in the region. For instance, according to our findings, about 2.0% of the population in the United States is estimated to be affected by any chronic wound.
The Asia Pacific region is expected to emerge as the fastest-growing region in the global market over the coming years, owing to increased medical tourism and various prospects for introducing new advanced products in the film dressing market. A joint effort of governments and major market players in the region towards enhancing the healthcare system and offering innovative surgical procedures to their patients in the area is also likely to fuel the market's growth.
Competitive Insight
Some of the major players operating in the global market include Cardinal Health, Smith & Nephew, Paul Hartmann, Medline industries, Lohmann & Rauscher, McKesson Corporation, Molnlycke Health, Coloplast Corporation, Baxter International, Convatec Group, 3M Company, Hollister Incorporated, DermaRite Industries, Medtronic, DeRoyal, & Integra LifeSciences.
Recent Developments
- In August 2021, the researchers at IIT Guwahati announced that they had invented an innovative bio-degradable transparent wound dressing film. The newly developed product is made of synthetic polymer, which is non-toxic & forms a moist environment allowing the body to heal itself with the help of endogenous enzymes easily.
- In June 2022, Smith & Nephew announced the inauguration of their latest R&D and manufacturing facility, intending to improve advanced wound management with an investment of around USD 100 million at Melton West Business Park. In the first ten years of its operations, the facility is anticipated to support over USD 10 million in sales.
Film Dressing Market Report Scope
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Report Attributes |
Details |
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Market size value in 2023 |
USD 1,564.35 million |
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Revenue forecast in 2032 |
USD 2,308.79 million |
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CAGR |
4.4% from 2023– 2032 |
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Base year |
2022 |
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Historical data |
2019– 2021 |
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Forecast period |
2023– 2032 |
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Quantitative units |
Revenue in USD million and CAGR from 2023 to 2032 |
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Segments covered |
By Application, By End-Use, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
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Key companies |
Cardinal Health, Smith & Nephew, Paul Hartmann AG, Medline industries Inc., Lohmann & Rauscher, McKesson Corporation, Molnlycke Health Care AB, Coloplast Corporation, Baxter International, Convatec Group Plc, 3M Company, Integra Lifesciences, Hollister Incorporated, DermaRite Industries LLC, Medtronic Plc, DeRoyal Inc., and Integra LifeSciences Holdings Corporation. |
FAQ's
Key companies in the film dressing market are Cardinal Health, Smith & Nephew, Paul Hartmann, Medline industries, Lohmann & Rauscher, McKesson Corporation, Molnlycke Health, Coloplast Corporation, Baxter International, Convatec Group.
The global film dressing market expected to grow at a CAGR of 4.4% during the forecast period.
The film dressing market report covering key segments are application, end-use, and region.
Key driving factors in film dressing market are Rising Number Of Accidents, Trauma Cases And Burn Injuries .
The global film dressing market size is expected to reach USD 2,308.79 million by 2032.
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