The new report by Expert Market Research titled, ‘Global Hydrogel Dressing Market Price, Share, Trends, Growth, Report and Forecast 2023-2031’, gives an in-depth analysis of the global hydrogel dressing market, assessing the market based on its segments like product type, end use and major region
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2018-2031)
Forecast CAGR (2023-2031): 7.8%
Increased prevalence of ulcers and diabetic patients with clotting issues, as well as an increase in the number of unintentional injuries, particularly burns, necessitated the use of hydrogel dressings for wound treatment. In addition, one of the market’s main drivers is the growing use of hydrogel dressings as a substitute for conventional gauze in wound care applications.
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Furthermore, technical advancements in wound closure approaches, such as injectable stimuli-responsive amorphous hydrogels for halting bleeding in trauma situations and military personnel, would aid market expansion. As hydrogel dressings promote quicker wound healing, they are gaining an advantage over traditional wound care and closure solutions, contributing to the market’s development.
Furthermore, autolytic debridement is particularly beneficial in burn injuries since it helps regeneration and minimises the danger of hypertrophic scarring and infection. The use of antimicrobial agents like honey and silver in hydrogel dressings may considerably improve wound closure and speed up the pace of re-epithelialization, and continued improvements in hydrogel dressings are projected to support market growth throughout the projection period.
Industry Definition and Major Segments
Fluid exchange is controlled with hydrogel dressings in both acute and chronic wounds. These dressings are made with synthetic polymers such as polyvinyl pyrrolidine and methacrylate. They have a glycerine or aloe base and are composed of more than 90% water. Hydrogels are used to relieve pain, cool wounds, and debride wounds, whereas granules are used to treat mild burns, painful wounds, dry wounds, and radiation damage, among other things.
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The product types of hydrogel dressing in the market are amorphous hydrogel, impregnated hydrogel, and sheet hydrogel. The segments of the industry on the basis of end-use are hospitals and physician’s office, among others.
Market Trends
When applied to dry wounds as well as rotting or sloughing wounds, hydrogel dressings maintain wounds clean by removing diseased or necrotic tissues via autolysis. These dressings provide a number of benefits, including keeping the wound moist, warm, and closed; they may also be used with topical medications and are effective in treating a variety of wounds.
These benefits have increased demand for hydrogel dressings, resulting in considerable revenue growth for the companies. As a consequence, the market is likely to develop throughout the forecast period due to rising product demand. Furthermore, the market is being driven by the expanding elderly population, better healthcare infrastructure, and advancements in remote monitoring technologies in advanced wound care devices.
The growth of government activities targeted at boosting awareness among diabetes patients regarding diagnosis and treatment is a major driver for the industry. The significant emphasis of leading market players on creating cost-effective solutions in order to improve the quality of patients’ lives is likely to increase the worldwide market for hydrogel dressing during the forecast period.
Key Market Players
The major players in the market are Axelgaard Manufacturing Co., Ltd., Coloplast Corp, 3M Co., Cardinal Health, ConvaTec Inc., and B. Braun Melsungen AG, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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