Alginate Dressing Market
Number of pages: 100 | Report Format: PDF | Published date: June 09, 2023
Historical Years – 2021 | Base Year – 2022 | Forecasted Years – 2023-2031
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Report Attribute |
Details |
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Market Size Value in 2022 |
US$ 891.77 million |
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Revenue Forecast in 2031 |
US$ 1,258.33 million |
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CAGR |
3.9% |
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Base Year for Estimation |
2022 |
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Forecast Period |
2023 to 2031 |
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Historical Year |
2021 |
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Segments Covered |
Type, Application, End User, and Region |
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Regional Scope |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
According to the deep-dive market assessment study by Growth Plus Reports, the global alginate dressing market was valued at US$ 891.77 million in 2022 and is expected to register a revenue CAGR of 3.9% to reach US$ 1,258.33 million by 2031.
Alginate Dressing Market Fundamentals
Alginate dressings are thin, nonwoven materials made from algae or seaweed. They are very absorbent, have modest hemostatic characteristics, lessen bacterial infections, and can remain on the wound bed for days. They are intended for moderately to extensively exuding wounds. Alginate dressings are made from alginic acid, a polysaccharide made up of mannuronic and guluronic acid units, and its calcium and sodium salts. Brown seaweed cell walls are where alginate is originally removed. Alginate dressings can take the shape of pliable fibers or freeze-dried, porous (foam) sheets. Wounds with cavities are treated using flexible fibers. Alginate will create a gel when it comes into touch with the wound's exudates, giving it a powerful absorbent capacity.
Alginate-based wound dressings have the ability to absorb extra wound fluid, keep the surrounding area physiologically moist, and reduce bacterial infections at the wound site. The ratio of various polymers used in these wound dressings in relation to alginate, the kind of cross-linkers employed, the period of crosslinking, the type of excipients utilized, the integration of nanoparticles, and antibacterial agents are all factors that affect the therapeutic efficacy of these wound dressings.
Based on the rate at which a wound heals, it is often divided into chronic and acute wounds. Age, obesity, accidents, and chronic diseases, including cancer, diabetes, and others, are the main causes of chronic wounds. These wounds can take longer than 12 weeks to heal. Trauma, including stabbing, burns, etc., causes acute wounds, which recover between 8 to 12 weeks. When an acute wound cannot heal in stages, which can be ascribed to biofilm bacteria in the wound, it can turn chronic, spending an extended amount of time in the inflammatory phase.
Alginate Dressing Market Dynamics
The primary element driving the sector is the increase in both chronic and acute wounds. For instance, recent predictions reported in NCBI (2022) predicted that there will be between 9.1 million and 26.1 million diabetic foot ulcers worldwide each year. Similarly to this, the Independent Diabetes Trust in the U.K. stated in its report (2019) that whereas 115,000 people get diabetic foot ulcers every year, 278,000 people receive treatment for venous leg ulcers.
In 2019, 1,291,500 fire occurrences were recorded by the U.S. Fire Administration, with 16,600 injuries and 3,704 fatalities. Nearly 1.3 million individuals each year lose their lives in traffic accidents, according to figures from the WHO. Similarly, the Brake group estimates that every year, automotive accidents result in between 20 and 50 million non-fatal injuries. These occurrences usually result in severe bleeding and other injuries requiring quick medical treatment and surgical procedures to give patients instant relief. Additionally, there are a number of benefits of utilizing an alginate dressing for advanced wound care, such as cost-effectiveness, convenience of use, durability, quicker healing, less discomfort, and lower risk of infection.
Additionally, the increasing incidence of severe burn injuries might fuel market growth. The Undersea and Hyperbaric Medical Society estimates that more than 2 million burn injuries occur in the United States annually, with 14,000 fatalities and 20,000 requiring admissions to a burn unit. In addition, over 75,000 people need to be hospitalized each year, and 25,000 of them stay for more than two months. Additionally, it is projected that the sector will grow as a result of the increase in burns, trauma, and automobile accidents. For instance, a total of 8,378,122 new cases of burns were found globally in 2019, with a nearly equal number of men and women affected. The majority of these incidents mostly affected people between the ages of 10 and 19. Furthermore, 111,292 people died from burns worldwide in 2019, primarily children between the ages of 1-4.
In hospitals and homecare settings, traditional first-aid items used for wound dressings have a number of disadvantages, such as poor absorption of wound exudates, inability to maintain a moist environment, poor gas exchange between the environment and the wound, allergic and non-sterile reactions, difficulty removing wound dressings after healing, and so on. Although enhanced wound dressing therapies are increasingly preferred for treating and managing chronic wounds, conventional first-aid supplies are still in great demand. Alginate dressings are preferred for chronic wound care because of their special properties, including a greater ability to absorb wound exudates, a lower risk of bacterial infection, and improved wound healing. These attributes are anticipated to drive the market for alginate dressings.
Alginate Dressing Market Ecosystem
The global alginate dressing market is analyzed from the following perspectives by type, application, end user, and region.
Alginate Dressing Market by Type
Based on the types, the global alginate dressing market is segmented into antimicrobial and non-antimicrobial.
In 2022, the non-antimicrobial alginate dressing segment led the market and accounted for more than 60.0% of the revenue share. The accessibility of the products being utilized most frequently can be credited for the segment's growth. The vast majority of businesses also provide inexpensive goods. However, as technology advances, silver alginate dressing is becoming more and more popular, and as a result, the usage of non-antimicrobial alginate dressing is anticipated to decline. Due to recent product introductions and several research on antimicrobial alginate dressing, this market is anticipated to grow at the quickest CAGR throughout the forecast period.
Alginate Dressing Market by Application
Based on the application, the global alginate dressing market is segmented into acute wounds and chronic wounds. Acute wounds are further sub-segmented into burns, surgical & traumatic wounds.
During the projection period, the acute wounds segment is anticipated to grow at the fastest revenue CAGR of 4.00%. In 2021, the surgical & traumatic wounds sector retained most of the market share. One of the key elements fueling the segment's expansion is an increase in surgical site infections. Surgical Site Infections (SSIs) are the main cause of surgical wounds. For instance, SSIs happen in 2 to 4% of patients having inpatient surgical operations, according to the Agency for Healthcare Research and Quality. Additionally, research by Wounds International indicated that the incidence rate of SSIs in general surgery was 11.7%, leading to 19.2% of patients being readmitted during the course of the study. Additionally, the increasing prevalence of trauma is contributing to the segment growth.
For instance, according to a study by ResearchGate, trauma will be responsible for about 6.6% of deaths in 2020. The burns segment is anticipated to increase significantly throughout the forecast period because of the rising number of burn injuries. In low- to middle-income countries, fire-related trauma cases account for around 90% of all cases. Additionally, the Joye Law Firm reports that 450,000 burn injuries in the United States each year require medical treatment and around 3,500 fatal burn incidents. Therefore, one of the major reasons projected to drive the segment's growth throughout the forecast period is the increased occurrence of traumatic wounds, SSIs, and burn injuries. In 2021, the chronic wounds sector had the biggest revenue share and will continue to grow.
Alginate Dressing Market by End User
Based on the end user, the global alginate dressing market is segmented into hospitals, clinics, home healthcare, and others.
In 2022, the hospital end user segment held the largest share of 43.20%. Growth in the number of patients and hospitals throughout the world can be blamed for this segment's domination. For instance, according to Smith & Nephew, in a typical hospital setting, patients with wounds occupy between 25 and 40% of beds. Moreover, the market is growing due to a rise in surgical operations. For instance, according to the most recent figures from a study article published in NCBI, 31,02,674 surgical operations were performed in England and Wales in 2020. Alginate dressings are frequently used to cover surgical wounds; thus, as more operations are performed, their use is anticipated to grow.
Alginate Dressing Market by Region
Based on the region, the global alginate dressing market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America is likely to dominate the market during the forecast period. The domination of the region may be attributed to the growth in the prevalence of chronic wounds, growing treatment costs, and the presence of appropriate insurance systems in the area. According to statistics from StatPearls Publishing, 2022, diabetic foot ulcers cause more hospitalizations than any other form of diabetes condition. Diabetes is presently the major cause of non-traumatic amputations in the US. Foot ulcers affect 5% of diabetes mellitus patients on average, and 1% of those need surgery. Due to the large patient population suffering from chronic wounds, the area is assisting in the domination of the global business by meeting the rising need for cutting-edge wound care products like alginate dressings.
Europe showed lucrative growth during the forecast period. The reason for regional domination is the rise in the number of patients with chronic wounds. Over the projection period, Asia Pacific is anticipated to experience the fastest CAGR. The region's steady growth presents several prospects for the launch of new goods. Additionally, the region is seeing an increase in medical tourism, which is leading to an increase in procedures. For instance, according to a report by the Indian Institute of Public Administration, around 697,453 international tourists traveled to India in 2019 to receive medical care. The market in this area is also growing as a consequence of greater government support and a focus on the key Asian emerging countries by major firms. The development of sophisticated wound care treatment has been considerably constrained by price sensitivity and ignorance, though.
Alginate Dressing Market Competitive Landscape
Some of the prominent market players in the global alginate dressing market include,
Alginate Dressing Market Strategic Developments
Alginate dressing is a thin, nonwoven material made from algae or seaweed. They are very absorbent, have modest hemostatic characteristics, lessen bacterial infections, and can remain on the wound bed for days.
The estimated market size of the alginate dressing market in 2031 will be US$ 1,258.33 million.
The revenue CAGR of the alginate dressing market during the forecast period will be 3.9%.
Some of the prominent market players in the global market include Cardinal Health., Hollister Incorporated, and Smith & Nephew.
North America dominated the global alginate dressing market in 2022.
*Insights on financial performance are subject to the availability of information in the public domain