The advanced wound care dressing market size is expected to grow from US$ 4,333.25 million in 2022 to US$ 6,629.49 million by 2030; it is estimated to register a CAGR of 5.46% from 2022 to 2030. The growth of the market is attributed to the growing number of burn wounds, chronic diseases, and road accidents, which are contributing to the rising demand for surgical procedures. Increasing surgical procedures are, in turn, boosting the market growth. However, the high cost associated with advanced wound care dressings hinders the market growth.
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Increasing surgical procedures Demanding for Wound Care Management Drive Advanced Wound Care Dressings Market.
The increasing prevalence of chronic diseases such as ulcerative colitis, cardiac arrest, cancer, and brain hemorrhage has led to a rise in the demand for surgical procedures. For instance, according to the Australian Institute of Health and Welfare (AIHW), in 2020-2021, cardiovascular disease was the reason behind the hospitalization of 600,000 people, representing 5.1% of all hospitalizations in Australia. Among these patients, 146,000 coronary angiography procedures were reported, out of which 97,200 (67%) were performed for males and 48,900 (33%) for females. Similarly, an article published by Eurostats in 2023 showed that in 2021, transluminal coronary angioplasty was one of the top ten surgical procedures performed in European countries. It was performed an average of 553 and 390 times per 100,000 inhabitants in Croatia and Germany, respectively.
Additionally, the growing prevalence of cancer, one of the chronic conditions that require surgical removal of tumors, is becoming a global health burden. According to the statistics provided by the National Center for Health Statistics (NCHS), in 2023, cancer resulted in 609,820 deaths, and 1,958,310 new cancer cases were reported in the US. Moreover, surgical procedures for burns and scald wounds and plastic surgeries for beauty enhancement are contributing to the growth of the advanced wound care market.
Market Trend
Expansion of Existing Technologies and Launch of New Innovations Emerges as Key Trend
Major market players in the advanced wound care dressing market are focusing on research and development activities, which has resulted in the product of novel innovations that are faster and more effective than traditional wound dressings. For instance, in March 2022, Cardinal Health launched its first surgical incise drape using industry-leading antiseptic Chlorhexidine Gluconate (CHG). The drape is equipped with Avery Dennison’s patented BeneHold CHG adhesive technology, which reduces the risk of surgical site contamination by preventing the growth of organisms that typically cause surgical site infections (SSIs). The incise film is strong, conformable, and breathable, providing a sterile surface that acts as a barrier against contamination.
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