Foam Dressing Market 2023 Industry Size, Share, Trends, Opportunities, Growth Analysis and Forecast to 2031

Global Foam Dressing Market is valued at approximately USD 1.67 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 4.7% over the forecast period 2022-2028. A foam dressing is made of sterile polyurethane foam and hydrocolloid adhesive, and it is used to treat wounds such as burns, open wounds, pressure ulcers, venous ulcers, and diabetic ulcers.

The rising prevalence of chronic wounds and the high incidence rate of diabetic ulcers are driving growth in this market. Among the key drivers propelling market growth are an increase in surgical cases, a rapidly ageing population, and an increase in the number of diabetes patients. According to the World Economic Forum, the current population of Japanese people over 65 years old accounts for 25% of the total population.

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This figure is expected to rise to 40% by 2060. Because older people are more likely to sustain wounds, the market for foam dressing is expected to expand throughout the forecast period. Another driving factor in the market is an increase in the number of obese/overweight people. According to a Sage Journals & Indian Academy of Neurosciences, 2021 article, the number of obese people in India is estimated to be 135 million. Similarly, according to the Obesity Evidence Hub, two-thirds of Australians, or 35.6 percent, are overweight, with 31.3 percent expected to be obese. These circumstances are expected to increase demand for bariatric treatments and other related surgeries, driving market growth over the forecasted time frame. However, availability of various substitutes along with stringent regulations for foam dressings is expected to hamper the market growth.

The key regions considered for the global Foam Dressing market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. The Asia Pacific market for foam dressing is expected to grow at the fastest rate during the forecast period, with a CAGR of 5.3 percent. This is due to the region’s increased chronic diseases and obesity as a result of changing lifestyles. Whereas, due to increasing number of diabetic patients, the rise in the number of obese people, and technological advancements, North America dominates the market and accounted for the highest revenue share.

Major market players included in this report are:

3M

Coloplast Corp.

Medline Industries

Smith & Nephew

Cardinal Health

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ConvaTec Group PLC

Derma Sciences Inc. (Integra LifeSciences)

Ethicon (Johnson & Johnson)

McKesson Corporation

Molnlycke Health Care AB

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

Adhesive foam dressing

Non-adhesive foam dressing

By Application:

Chronic Wounds

Acute Wounds

By End-use:

Hospitals

Specialty Clinics

Home Healthcare

Others

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By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Table of Content:

  • Report Overview
  • Global Growth Trends
  • Competition Landscape by Key Players
  • Data Segments
  • North America Market Analysis
  • Europe Market Analysis
  • Asia-Pacific Market Analysis
  • Latin America Market Analysis
  • Middle East & Africa Market Analysis
  • Key Players Profiles Market Analysis
  • Analysts Viewpoints/Conclusions
  • Appendix

Here is an overview of the different factual statements covered by the study:

  • The learn about consists of an area that breaks down strategic traits for the primary gamers in present and upcoming R&D, new product launches, collaborations, regional expansion, and mergers & acquisitions.
  • The lookup focuses on essential market traits such as revenue, product cost, potential and utilization rates, import/export rates, supply/demand figures, market share and CAGR.
  • The learn about is a series of analyzed records and a variety of barrels of house bought via a mixture of analytical equipment and an inside look up process.
  • The Market can be divided into 4 areas in accordance to the regional breakdown: North American Markets, European Markets, Asian Markets and Rest of the World.

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