The global biomaterial wound dressing market size is expected to reach USD 11.93 billion by 2032, according to a new study by Polaris Market Research. The report “Biomaterial Wound Dressing Market Share, Size, Trends, Industry Analysis Report, By Product (Natural and Synthetic); By Application; By End Use; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The increasing burden of chronic wounds and associated problems and the rising prevalence of several lifestyle disorders like diabetes and heart disease that result in pressure ulcers, venous ulcers, and diabetic foot ulcers are prominent factors fostering global market growth. Additionally, the widespread use of biomaterials like alginate and chitosan in wound care due to their hydrophilic nature and ability to adapt different forms, including blends, dressings, beads, hydrogels, and electrospun scaffolds, is further anticipated to contribute to the market’s growth.
Among patients with diabetes, the risk of developing a foot ulcer is nearly 25% during their lifetime, and 15% of which progress to amputation. In addition, around 3.5 to 69 percent of patients are affected by pressure injuries in hospitals every year, which might result in wound-related mortality and infections. Pressure injuries in the United States cost around USD 9.1 to 100.6 billion each year. Besides this, burn is also a major injury associated with USD 1.5 billion in medical costs and USD 5 billion in lost workdays.
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Studies have shown that innovative biomaterials offer promise for regeneration and support the overall skin matrices to facilitate tissue growth. For instance, UC Davis said that they have developed the LXW7 molecule, which interacts with the endothelial cells, helping with attachment, migration, & survival. When added to the scaffolds, they offer a gripping site for endothelial cells and enable efficient interaction between the cells & the supportive structure.
Moreover, government authorities worldwide are providing grants and implementing several favorable initiatives that encourage companies to develop new and more efficient wound care products, which positively impacts the market’s growth. For instance, in October 2023, Gel4Med announced that the US Food and Drug Administration has granted 510(k) clearance to its biosynthetic matrix products, which are designed to transform wound management.
Biomaterial Wound Dressing Market Report Highlights
Polaris Market Research has segmented the biomaterial wound dressing market report based on product, application, end-use, and region:
Biomaterial Wound Dressing, Product Outlook (Revenue - USD Billion, 2019 - 2032)
Biomaterial Wound Dressing, Application Outlook (Revenue - USD Billion, 2019 - 2032)
Biomaterial Wound Dressing, End-Use Outlook (Revenue - USD Billion, 2019 - 2032)
Biomaterial Wound Dressing, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
Report Attributes |
Details |
Market size value in 2024 |
USD 6.83 billion |
Revenue Forecast in 2032 |
USD 11.93 billion |
CAGR |
7.2% from 2024 – 2032 |
Base year |
2023 |
Historical data |
2019 – 2022 |
Forecast period |
2024 – 2032 |
Quantitative units |
Revenue in USD billion and CAGR from 2024 to 2032 |
Segments Covered |
|
Regional scope |
|
Competitive Landscape |
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Report Format |
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Customization |
Report customization as per your requirements with respect to countries, regions, and segmentation. |
For Specific Research Requirements |