Global Bioactive Wound Management Market Report 2022: Market was Estimated at $1.6 Billion in 2020, and is Projected to Reach $2.5 Billion by 2026

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Jan 25, 2022, 08:30 ET

DUBLIN, Jan. 25, 2022 /PRNewswire/ -- The "Bioactive Wound Management - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global Bioactive Wound Management Market to Reach US$2.5 Billion by the Year 2026

The global market for Bioactive Wound Management estimated at US$1.6 Billion in the year 2020, is projected to reach a revised size of US$2.5 Billion by 2026, growing at a CAGR of 7.8% over the analysis period.

The global bioactive wound management market is growing led by factors including an ageing population, growing prevalence of tissue disorders, and escalating cases of chronic wounds. The growing prevalence of lifestyle associated disorders, especially diabetes is giving rise to diabetic foot ulcers, pressure ulcers, and venous leg ulcers. The number of people (adults aged between 20-79 years) with diabetes is expected to grow from about 463 million in 2019 to reach 700 million by 2045.

These numbers also indicate the ratio of those suffering from Type II diabetes to increase in most countries. Overall, these growing cases represent opportunities and undeterred growth for global bioactive wound care management market in the coming years. At the same time, skin injuries and wound infection are also key factors driving demand for bioactive wound care management.

Meanwhile, wound infection is one of the key concerns for both healthcare providers and patients across the world, and the need for effective care and management for lowering infection makes way for bioactive wound care management solutions. The market already offers technologically advanced products such as occlusive dressings for skin injuries that allow a moist environment to be maintained for promoting active healing, and keratin-based products that when used together with injury dressings allow re-epithelialization of damaged skin tissue.

Alginates, one of the segments analyzed in the report, is projected to grow at a 6.8% CAGR to reach US$826.1 Million by the end of the analysis period.

After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Collagen-Based Dressings segment is readjusted to a revised 9.1% CAGR for the next 7-year period.

This segment currently accounts for a 23.9% share of the global Bioactive Wound Management market. Alginate dressing is made using highly absorbent materials to promote wound healing. This dressing finds use in exudant wounds where excess fluid is present.

A key trend in the advanced wound care market is the emergence of combination dressings which are prepared using various available products of wound dressings in several different combinations, most generally including a biological agent and an antimicrobial material. Collagen and foam dressings, collagen hydrocolloid dressings, silver collagen dressings, and silver alginate dressings are some of the combination dressings that are being used for the treatment of chronic wounds.

Antimicrobial Dressings Segment to Reach $434 Million by 2026

Antimicrobial dressings are wound dressings that include an antiseptic agent that helps destroy microorganisms present in the wound. These dressings are mainly used for wounds that fail to heal due to increasing bacterial load, and for wounds that have a high risk of infection.

Rise in demand for these dressings is also due to the growing need to reduce hospital acquired infections, and rising prevalence of bacteria which is resistant to antibiotics. In the global Antimicrobial Dressings segment, USA, Canada, Japan, China and Europe will drive the 6.1% CAGR estimated for this segment.

These regional markets accounting for a combined market size of US$248.1 Million in the year 2020 will reach a projected size of US$377.5 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$27.8 Million by the year 2026.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Impact of Covid-19 and a Looming Global Recession
2020: A Year of Disruption & Transformation
As the Race between the Virus & Vaccines Intensifies, Review of the World Economy in 2021
COVID-19-Led Wound Management Crisis & Patient Suffering Create Need for Effective Interventions
Dwindling Revenues for Wound Care Practices
Telemedicine, Remote Patient Monitoring Takes Center Stage
Wounds & Wound Management: An Insight
Bioactive Wound Management: A Prelude
Outlook
Healthcare Burden of Chronic Wounds and the Need for Effective Wound Management Products
Prevalence and Incidence of Wounds - Select Statistics
Chronic Wounds: Select Statistics
Reduced Economic Cost of Wound Care Triggers Transition to Advanced Products
Recent Market Activity

2. FOCUS ON SELECT PLAYERS (Total 90 Featured)

3M Company
Acelity LP, Inc.
ACell Inc.
Convatec Group PLC
Covalon Technologies Ltd.
Integra LifeSciences Holdings Corporation
MiMedx Group, Inc.
Smith & Nephew PLC
SYMATESE
Wright Medical Group NV

3. MARKET TRENDS & DRIVERS

Effective Burn Wound Management with Bioactive Dressings
Uptrend in Surgical Care Augurs Well for Market Growth
Rise in Prevalence of Pressure Ulcers and the Growing Focus on Treatment Solutions
Understanding the Wound: A Widening Area of Interest
"Smart" Dressings Set the Road to Futuristic Wound Care
Startups Enter the Fray
Growing Focus on Reducing Hospital Stays Lends Traction
Technological Advancements Remain Buoyant
Conductive Bio-material Wound Dressings Beneficial for Wound Healing
Combination Dressings Emerge as a Key Trend
Cellulose-based Dressings Exude Immense Potential for Chronic Wound Management
3D-Printed Stem Cells & Lasers to Kill Bacteria
New Bioactive Wound Dressings
Chitin, Chitosan and Derivatives
Bioactive Glasses Show Promising Wound Healing Outcomes
Rising Incidence of Diabetes and DFUs to Propel Market Growth
COVID-19 Crisis & Restrictions Upend Care for Diabetic Foot Disease Patients
Growing Acceptance of Moist Wound Environment Spurs Demand for Moist Wound Dressings
Alginate Dressings Dominate the Market
Antimicrobial Dressings Find Application for Healing Wounds with High Bacterial Load
Multi-Drug Resistant Bacteria: A Pressing Concern
Tissue Engineering in Wound Care
Bioengineered Skin Substitutes
Collagen Dressings in Advanced Wound Care
Macro Growth Drivers
Impact of Healthcare Expenditure on Market Growth
Expanding Aging Population Spurs Demand
Growing Obesity Levels Fuel Demand