The global hydrogel dressing market was valued at $320.85 million in 2019, and is projected to reach $695.05 million by 2027, registering a CAGR of 10.1% from 2020 to 2027.
Hydrogel is a water-insoluble polymer chain network, which is an essential component in wound care as its high moisture content helps prevent the infections by obstructing microorganisms. It keeps the wound surface hydrated, which helps in pain management and provides an ideal environment for wound cleansing of autolytic debridement. Hydrogel dressing is used for dry, necrotic wounds, sloughy, granulating, and epithelializing wound care. They are also used for the surgical wounds, skin tears, burns, pressure ulcers, and diabetes-related wounds. Moreover, they offer various advantages such as aid to maintain a hydrated environment for appropriate flow of oxygen, keep temperature consistent, protect the wound site from exogenous infection, and ease pain associated with dressing changes.
Increase in incidence of ulcer and diabetic patients with clotting disorders and rise in number of accidental emergencies, especially burn injuries, led to the substantial requirement of hydrogel dressings for wound care. In addition, increase in adoption of hydrogel dressings as a substitute for traditional gauze for wound care applications is one of the key drivers of the market. Moreover, technological innovation in wound closure techniques, namely, injectable stimuli-responsive amorphous hydrogels for stopping bleeding in trauma cases and military personnel, further supplement market growth. However, high costs associated with the manufacturing of hydrogel dressings and long lab to market pipeline period for healthcare products is expected to restrain market growth.
The hydrogel dressing market is segmented on the basis of product type, end user, and region. By product type, the market is categorized into amorphous hydrogel, impregnated hydrogel, and sheet hydrogel. Depending on end user, it is classified into hospitals, physician’s office, and others. On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major companies profiled in this report include 3M, B Braun Melsungen AG, Coloplast A/S, ConvaTec Group Plc, Svenska Cellulosa AB, Integra Lifesciences (Derma sciences), Smith & Nephew Plc., Johnson & Johnson, Procyon Corp., and Axelgaard Manufacturing Co. Ltd.
KEY BENEFITS FOR STAKEHOLDERS
KEY MARKET SEGMENTS
By Product
By End User
By Region
LIST OF KEY PLAYERS PROFILED IN THE REPORT
LIST OF OTHER PLAYERS IN THE VALUE CHAIN (These players are not profiled in the report. The same will be included on request.)
Hydrogel is a water-insoluble polymer chain network, which is an essential component in wound care as its high moisture content helps prevent the infections by obstructing microorganisms. It keeps the wound surface hydrated, which helps in pain management and provides an ideal environment for wound cleansing of autolytic debridement. Hydrogel dressing is used for dry, necrotic wounds, sloughy, granulating, and epithelializing wound care. They are also used for the surgical wounds, skin tears, burns, pressure ulcers, and diabetes-related wounds. Moreover, they offer various advantages such as aid to maintain a hydrated environment for appropriate flow of oxygen, keep temperature consistent, protect the wound site from exogenous infection, and ease pain associated with dressing changes.
Increase in incidence of ulcer and diabetic patients with clotting disorders and rise in number of accidental emergencies, especially burn injuries, led to the substantial requirement of hydrogel dressings for wound care. In addition, increase in adoption of hydrogel dressings as a substitute for traditional gauze for wound care applications is one of the key drivers of the market. Moreover, technological innovation in wound closure techniques, namely, injectable stimuli-responsive amorphous hydrogels for stopping bleeding in trauma cases and military personnel, further supplement market growth. However, high costs associated with the manufacturing of hydrogel dressings and long lab to market pipeline period for healthcare products is expected to restrain market growth.
The hydrogel dressing market is segmented on the basis of product type, end user, and region. By product type, the market is categorized into amorphous hydrogel, impregnated hydrogel, and sheet hydrogel. Depending on end user, it is classified into hospitals, physician’s office, and others. On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major companies profiled in this report include 3M, B Braun Melsungen AG, Coloplast A/S, ConvaTec Group Plc, Svenska Cellulosa AB, Integra Lifesciences (Derma sciences), Smith & Nephew Plc., Johnson & Johnson, Procyon Corp., and Axelgaard Manufacturing Co. Ltd.
KEY BENEFITS FOR STAKEHOLDERS
- The study provides an in-depth analysis of the global hydrogel dressing market along with the current trends and future estimations to elucidate the imminent investment pockets.
- A comprehensive analysis of the factors that drive and restrict market growth is provided in the report.
- A quantitative analysis of the industry from 2019 to 2027 is provided to enable the stakeholders capitalize on the prevailing market opportunities.
- Extensive analysis of the key segments of the industry helps understand the application and products of hydrogel dressing used across the globe.
- The key market players and their strategies have been analyzed to understand the competitive outlook of the market.
KEY MARKET SEGMENTS
By Product
- Amorphous Hydrogel
- Impregnated Hydrogel
- Sheet Hydrogel
By End User
- Hospital
- Physician’s Office
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
LIST OF KEY PLAYERS PROFILED IN THE REPORT
- 3M Company
- B Braun Melsungen AG
- Coloplast A/S
- ConvaTec Group Plc
- Svenska Cellulosa AB
- Integra Lifesciences (Derma sciences)
- Smith & Nephew Plc.
- Johnson & Johnson
- Procyon Corp.
- Axelgaard Manufacturing Co. Ltd.
LIST OF OTHER PLAYERS IN THE VALUE CHAIN (These players are not profiled in the report. The same will be included on request.)
- Gentell Inc.
- Cardinal Health
Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Hydrogel Dressing Market, by Product Type
Chapter 5: Hydrogel Dressing Market, by End-user
Chapter 6: Hydrogel Dressing Market, by Region
Chapter 7: Company Profiles
Executive Summary
According to the report titled, 'Hydrogel Dressing Market by Drug Type and End User: Opportunity Analysis and Industry Forecast, 2020-2027," the global hydrogel dressing market size was valued at $320 million in 2019, and is projected to reach $695 million by 2027, growing at a CAGR of 10.1% from 2020 to 2027.Hydrogel dressing are used to treat chronic & acute wounds, such as burns & ulcers, and postoperative wounds. These dressings are made of synthetic polymers, usually polyvinyl pyrrolidine and methacrylate. They contain more than 90% of water with glycerine base. Hydrogel dressings provide cooling effect at the site of wound, thereby causing reduction in the pain, wound debridement, granulation re-epithelization, and regulation of exchange of fluids in wounds. Hydrogel dressings provide moist environment for wound healing. The hydrogel dressing products provide solutions to patients suffering from chronic condition by offering them reasonably priced and readily accessible products.
The major factors that boost the growth of the global hydrogel dressing market include rise in adoption of evidence-based treatments for chronic wounds and rapid increase in geriatric population. In addition, hydrogel dressing products promote faster wound healing, and hence are gaining an edge over traditional wound care and closure products, which in turn contributes toward the growth of the market. Moreover, the particularly advantageous in burn injuries as autolytic debridement aids regeneration and reduces the risk of hypertrophic scarring and infection. This application of hydrogel dressings with antimicrobial agents such as honey and silver can significantly enhance wound closure and accelerate the rate of re-epithelialization and continuous advancements in hydrogel dressing is further expected to boost the market growth during the forecast period. Furthermore, increase in prevalence of diseases such as ulcer, diabetes, obesity, increasing use of hydrogels for treatment of burn injuries, and growing aging population is expected to fuel the adoption of hydrogel dressing products. In addition, rise in awareness regarding hydrogel dressing and management among individuals boosts the demand for hydrogel products such as amorphous hydrogel, impregnated hydrogel, and sheet hydrogel. However, low income and lack of proper medical attention in the developing countries are expected to hamper the growth of the market.
By end user, the global hydrogel dressing market can be categorized into hospitals, physician’s office and others. The hospital segment accounted for the highest revenue share in the hydrogel dressing market in 2019 and is expected to maintain its dominance during the forecast period. This is attributed to rise in prevalence of postoperative surgical wounds, surge in geriatric population and owing to availability of skilled physicians and infrastructure in hospitals.
In addition, Improving health care infrastructure, advancements in remote monitoring technologies in case of advanced wound care products, rising government initiatives with an objective of improving awareness about diagnosis and treatment among patients with diabetes, and significant focus of major market players on offering cost-effective products in order to improve the quality of patients’ lives are some of the major factors projected to drive the global hydrogel dressing market during the forecast period. Moreover, in awareness toward hydrogel dressing and improved advancement in hydrogel dressing products, are expected to offer remunerative opportunities for the market expansion in the near future.
Key Findings Of The Study
Depending on product, the amorphous hydrogel segment held 64.4% share in the global hydrogel dressing market in 2019.
By end user, the hospital segment accounted for the largest hydrogel dressing market share in 2019 and is expected to remain dominant throughout the forecast period.
Region wise, Asia-Pacific is expected to exhibit highest CAGR of 12.1% during the forecast period.
In 2019, North America accounted for the major share of the hydrogel dressing market and is expected to continue this trend during the forecast period, presence of majority of key players, availability of advanced healthcare infrastructure, the strong market presence of leading vendors, increasing number of surgical procedures, and the prevalence of chronic wounds rise in prevalence of diabetes, ulcer and availability of hydrogel products boost the market of hydrogel dressing in North America. However, Europe is expected to register the highest growth in the coming future.
Companies Mentioned
- 3M Company
- B Braun Melsungen AG
- Coloplast A/S
- ConvaTec Group Plc.
- Svenska Cellulosa AB
- Integra Lifesciences (Derma sciences)
- Smith & Nephew Plc.
- Johnson & Johnson
- Procyon Corp.
- Axelgaard Manufacturing Co. Ltd
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 170 |
| Published | April 2020 |
| Forecast Period | 2019 - 2027 |
| Estimated Market Value ( USD | $ 320.85 million |
| Forecasted Market Value ( USD | $ 695.05 million |
| Compound Annual Growth Rate | 10.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
