Reports and Insights freshly added a report titled “Hydrogel Dressing Market: Opportunity Analysis and Future Assessment 2022-2030” in its database of market research reports which offers its readers a detailed and profound analysis on the fresh growth opportunities, trends and growth drivers that are closely linked with the growth of the market. The report further provides crucial insights on the COVID-19 impacts on the Hydrogel Dressing Market along with the compound growth rate (CAGR) of the market for a forecasted period between 2022 and 2030. The report also comprises assessment of the market by employing various analytical tools, such as Porter’s five forces analysis and PESTEL analysis. These tools also offer an in-depth analysis on the micro and macro-environmental factors that are related to the growth of the market over the projected period.
The global hydrogel dressing market in 2022 is estimated for more than US$ 359.5 Mn and expected to reach a value of US$ 791.2 Mn by 2030 with a significant CAGR of 10.4%.
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Hydrogel Dressing Introduction
Hydrogel dressing provides a moist environment for wound healing and helps to remove dead tissue from the wound site during healing. Hydrogel dressing is a sheet form that consists of a gel impregnated on the gauze. They also shield the wound site from bacteria and prevent the oxygen from reaching the wound in order to protect the wound site from any infection.
The wound occurs across the entire healthcare continuum and dressings and other advanced wound management products have continuous demand from healthcare providers across the globe.
Hydrogel dressings are very effective in preventing infections in lightly exuding or granulating wounds and thus expected to witness high demand in the global market. According to the international wound journal, 13% of the ulcer wounds that occurred in Europe were found to be infected and require daily dressing changes. Hydrogel dressings however provide an effective option to manage ulcer wounds.
Hydrogel Dressing Market Dynamics
The growing prevalence of chronic wounds creates more demand for hydrogel dressings in the global market. Hydrogel dressings are being used as substitutes for traditional dressings and thus the market for hydrogel dressings is expected to gain traction over the forecast period of 2018-2026.
The increasing prevalence of pressure ulcers, diabetic ulcers, venous stasis ulcers, tinea pedis (athlete’s foot), etc. is the major factor driving the growth of the global hydrogel dressings market over the forecast period.
Moreover, the incidence of sports injuries, accidents, and trauma cases are further expected to supplement the demand for hydrogel dressing products. As per a National Health Statistics report, 8.6 Mn sports and recreational activities-related injuries were reported in the U.S. in 2015.
The number of people participating in sports is also increasing and injuries resulting from these activities are posing important health concerns in the U.S. Development of technologically advanced products for wound management such as the development of stimuli-responsive hydrogels are another factor driving the growth of the hydrogel dressings market.
However, high manufacturing costs and poor awareness in developing countries are the factors expected to hinder the growth of the hydrogel dressings market.
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Hydrogel Dressing Market Segmentation
The global hydrogel dressing market is segmented on the basis of product type, distribution channels, and region. On the basis of product type, the global hydrogel dressing market can be segmented into hydrogel sheets, amorphous hydrogel dressings, and impregnated gauze. On the basis of the distribution channels, the global hydrogel dressing market can be segmented into hospital pharmacies, retail pharmacies, e-commerce, and others.
The global hydrogel dressing market is expected to increase at a significant CAGR over the forecast period owing a number of new FDA approval and the growing penetration of advanced wound management products.
Hydrogel Dressing Market Key Players
The market for hydrogel dressings is fragmented with a few global players accounting for approximately 30% of the global market share. Some of the key players identified in the hydrogel dressings market are 3M Company, Smith & Nephew Plc., Johnson & Johnson, etc. among others.
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