Hydrocolloid Dressing Market to be Worth $2.04 Billion by 2030: Grand View Research, Inc.

SAN FRANCISCO, July 25, 2022 /PRNewswire/ -- The global hydrocolloid dressing market size is anticipated to reach USD 2.04 billion by 2030, registering a CAGR of 4.99% over the forecast period, according to a new report by Grand View Research, Inc. Increasing prevalence of chronic and acute wounds, rapidly aging population, rising number of diabetic patients, and surge in research and development activities are among the major factors driving the market growth. The rising prevalence of chronic wounds, such as diabetic foot ulcers and pressure ulcers, among the general population is likely to increase the number of patients getting treatment and fuel the adoption of hydrocolloid dressings.

Key Insights & Findings from the report:

• The chronic wound application segment is estimated to dominate the market during the forecast period.
• On the basis of end-uses, the hospital segment dominated the market in 2021. The segment's dominance is attributed to the increasing number of patient admissions for wound injuries and the developing healthcare infrastructure.
• North America dominated the market in 2021 owing to the strong presence of key players and high healthcare expenditure.
• Extensive research is now being conducted to study the effectiveness of hydrocolloid dressings. Companies are extensively spending on R&D and are always working on achieving excellent clinical trial outcomes.
• For instance, in January 2021, a clinical trial, "Effect of Evidence-based Skin Care & Hydrocolloid Dressing in the Prevention of Nasogastric-related Pressure Injury", was conducted, which was sponsored by MAIDE YESILYURT, Necmettin Erbakan University.
• Thus, robust clinical studies to commercialize innovative hydrocolloid dressing products are expected to drive the growth of the market during the projected period.

Read full market research report for more Insights, "Hydrocolloid Dressing Market Size, Share & Trends Analysis Report By Application (Acute Wounds, Chronic Wounds), By End-use (Hospitals, Specialty Clinics), By Region (EU, Asia Pacific, North America), And Segment Forecasts, 2022 - 2030", published by Grand View Research.

Hydrocolloid Dressing Market Growth & Trends

Furthermore, the rising prevalence of acute wounds, such as surgical wounds and burns, is further expected to drive the demand for hydrocolloid wound dressings throughout the projected period. Surgical wounds, for example, are a major problem in general healthcare, according to the Wound Healing Society (WHS). Despite all attempts, Surgical Site Infections (SSI) cause death in 75% of patients globally. As a result, the increased incidence of infections has imposed a significant cost burden on the healthcare business. This is likely to contribute to the launch of advanced products, thus fostering market growth. Clinical uses for several hydrocolloid materials have been proposed in recent years.

Hydrocolloid Dressing Market Segmentation

Grand View Research has segmented the global hydrocolloid dressing market on the basis of application, end-use, and region:

Hydrocolloid Dressing Market - Application Outlook (Revenue, USD Million, 2018 - 2030)

• Acute Wounds
• Surgical & Traumatic Wounds
• Burns

• Chronic Wounds
• Diabetic Foot Ulcers
• Pressure Ulcers
• Venous Leg Ulcers
• Other Chronic Wounds

Hydrocolloid Dressing Market - End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals
• Specialty Clinics
• Home Healthcare
• Others

Hydrocolloid Dressing Market - Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
• U.S.
• Canada
• Europe
• Germany
• U.K.
• France
• Italy
• Spain
• Asia Pacific
• Japan
• China
• India
• South Korea
• Australia
• Latin America
• Brazil
• Argentina
• Mexico
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE

List of Key Players of Hydrocolloid Dressing Market

• Smith & Nephew
• 3M
• Coloplast Corp.
• Convatec Inc.
• Paul Hartmann AG
• B. Braun Melsungen AG
• Cardinal Health
• Covalon Technologies Ltd.
• Dermarite Industries, LLC.
• Medline Industries, Inc.

Check out more related studies published by Grand View Research:

• Foam Dressing Market - The global foam dressing market size is anticipated to reach USD 2.5 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.7% from 2022 to 2030. A few of the key drivers propelling the market growth include an increase in surgical cases, a rapidly aging population, and an increase in the number of diabetes patients. For instance, according to the World Economic Forum, the current population of Japanese people above 65 years of age is 25% of the total population. This number is further expected to rise to 40% by 2060. Older people are more likely to sustain wounds, thus, the market for foam dressing is expected to grow throughout the forecast period.
• Moist Wound Dressings Market - The global moist wound dressings market size is expected to reach USD 6.51 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.4% from 2022 to 2030. The increasing cases of acute and chronic wounds such as surgical, diabetic, and traumatic wounds, lacerations, and diabetic ulcers are driving the market. As per the estimates provided by Elsevier, about 300 million acute wound injuries occur per year.
• Wound Dressing Market - The global wound dressing market size is expected to reach USD 19.6 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.3% from 2022 to 2030. Increasing number of people suffering from chronic wounds, rise in technologically advanced dressing and rising cases of traumatic accidents are expected to be the key driving factors for the market.

Browse through Grand View Research's  Medical Devices Industry Research Reports.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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