Moist wound dressing: Key market research findings
- EMEA dominates the market geographically
- Foam segment accounts for a majority share of the market’s revenue
- Key vendors – Coloplast, ConvaTec, Kinetic Concepts, Mölnlycke Health Care, and Smith & Nephew
Technavio’s market research analysts predict the global moist wound dressing market to grow at a CAGR of over 8% between the period of 2016 to 2020. The growth of this market can be accredited to favorable reimbursement policies. Moist wound dressings are one of the most cost-effective solutions for the treatment of diabetic foot ulcers, venous stasis ulcers, chronic wounds, and burn wounds. It is likely that moist wound dressings will be covered under the pay-for-performance model, fueling their adoption in hospital settings and ambulatory surgical centers. During 2015, the global moist wound dressing market was dominated by EMEA with a market share of around 48%. High incidence of chronic wounds and pressure ulcers associated with diabetes is expected to spur growth in the moist wound dressings market in EMEA during the forecast period.
The new market research report from Technavio presents a breakdown and analysis of the moist wound dressing segments based on the product type.
“The use of nanotechnology for moist wound healing is an upcoming trend in the market. The combination of nanotechnology with medicine offers the opportunity to create materials and devices on a nanoscale level. This technology speeds up wound healing processes, as it can control the release of substances, such as proteins and drugs, from the dressings. Some of the developing technologies in this area are hydrogel nanoparticle aggregate technology, nanocrystalline silver technology, nanoparticle paclitaxel, and nanopeutics,” says Barath Palada, Lead Analyst, Healthcare & Lifesciences, Technavio Research.
By 2020, the foam segment will continue its dominance over the global moist wound dressings market by accounting for around 31% of the overall market revenue. Foam dressings are made from polyurethane and are used on moderately or highly exuding wounds. The advantage of foam dressings is that they absorb large amounts of exudates, apart from ensuring that the dressing remains in place for a longer period.
The key vendors in the global moist wound dressing market include Coloplast, ConvaTec, Kinetic Concepts, Mölnlycke Health Care, and Smith & Nephew. At present, the global moist wound dressings market is dominated by major suppliers. These vendors also offer different types of wound dressings such as device-based wound care and biologics-based wound care but are predominantly focused on moist wound care dressing products. Through continuous innovations and competitive pricing of products, these vendors will maintain their position in the market.
A more detailed analysis is available in the Technavio report, Global Moist Wound Dressing Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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