Wound Care Films Market
Number of pages: 100 | Report Format: PDF | Published date: February 09, 2023
Historical Years – 2020 | Base Year – 2021 | Forecasted Years – 2022-2030
|
Report Attribute |
Details |
|
Market Size Value in 2021 |
US$ 595 million |
|
Revenue Forecast in 2030 |
US$ 988.3 million |
|
CAGR |
5.8% |
|
Base Year For Fstimation |
2021 |
|
Forecast Period |
2022-2030 |
|
Historical Year |
2020 |
|
Segments Covered |
Product Type, Application, End-user, and Region |
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Regional Scope |
North America, Europe, Asia Pacific, and the Rest of the World (RoW) |
According to the deep-dive market assessment study by Growth Plus Reports, the global wound care films market was valued at US$ 595 million in 2021 and is expected to register a revenue CAGR of 5.8% to reach US$ 988.3 million by 2030.
Wound Care Films Market Fundamentals
Wound care films are increasingly becoming an essential component of wound healing and recovery. They provide a layer of protection from further damage to the wound and help keep dirt and bacteria away from the wound. Wound care films also help to provide a barrier to prevent infection and promote healing. The film’s choice depends on the wound type and location. Films are available in different sizes, thicknesses, and adhesives to provide the best protection for the wound. They should be changed regularly to allow the wound to breathe, reduce the risk of infection, and allow for proper healing.
Wound care films were developed technologically to improve wound detection and treatment in response to the growing cost impact of wounds on global healthcare systems. Wound care films are a simple and effective way to maintain a moist wound environment and speed up the healing of superficial wounds. They are recommended for mild burns and uncomplicated wounds, and their adaptability allows them to fade sutures after surgery. There are certain benefits of using film dressing over other forms of dressing, such as the need for less maintenance than traditional clothes, stretchy and water-resistance, allow for visualization of the wound without removing the dressings, prevent secondary infection, and eliminate the need for extra dressings.
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Wound Care Films Market Dynamics
Conditions such as diabetes, obesity, and diseases that increase the risk of chronic wounds contribute to the revenue growth of the global wound care films market. For instance, according to the WHO’s June 2021 factsheet, obesity has reached global epidemic proportions, with approximately 2.8 million people dying each year from being overweight or obese. As the population ages, the number of individuals with chronic wounds and age-related health conditions is expected to increase, which also drives the demand for wound care films. Moreover, the development of advanced wound care films with improved breathability, conformability, and other features is driving the market revenue growth.
According to a study published in Springer Nature’s journal in November 2022, chitosan-based films containing cannabis oil as a base ingredient may aid wound healing. The principal active ingredient in cannabis oil is non-psychoactive cannabidiol, which has several health benefits. Three chitosan-based films with varying amounts of cannabis oil were created for this investigation. The produced biomaterials became rougher as the quantity of oil increased, as measured by atomic force microscopy. Increased oil content also enhanced the films’ mechanical characteristics, swelling capacity, and hydrophilic properties. A Microtox was used to perform an acute toxicity test on the generated films. Significantly, the increasing cannabis oil content of the film improved its antibacterial efficacy against A. Fischeri when in direct contact with bacteria. As a result of this research, chitosan-based films containing cannabis oil may be an outstanding choice for wound therapy and dressing.
However, the increased cost of wound care, a shortage of trained healthcare professionals to effectively use and manage advanced wound care films, the availability of alternative wound care products, stringent regulatory requirements for the approval of wound care films, and a lack of awareness about advanced wound care films and their benefits are limiting the revenue growth of the market.
Wound Care Films Market Ecosystem
The global wound care films market is analyzed from four perspectives: product type, application, end-user, and region.
Wound Care Films Market by Product Type
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Based on product type, the global wound care films market is segmented into hydrocolloid dressings, foam dressings, film dressings, and others.
The foam dressings segment accounted for the principal revenue share in 2021, attributed to increasing cases of burns, various ulcers, open wounds, and surgeries across the globe. The foam dressings are made of polyurethane or silicone foam and come in sheets or cavity-filling chips. Foam dressings are great for absorbing large volumes of exudates, providing cushioning for protection, and being typically occlusive, needing no extra overlaying dressing. The rate of absorption varies according to the composite and thickness. Furthermore, they may be left in place for 2 to 3 days, saving the cost and pain of frequent dressing changes. These factors contribute to the overall revenue growth of the foam dressings segment.
Wound Care Films Market by Application
Based on the application, the global wound care films market is segmented into chronic wounds, acute wounds, surgical wounds, and others.
The chronic wound care segment dominated the market with the largest revenue share in 2021, owing to the rising prevalence of chronic wounds and the growing geriatric population. For instance, according to the October 2022 WHO factsheet, all major countries worldwide are dealing with a rapidly growing elderly population. By 2030, one in every six people will be 60 or older globally. At this point, the proportion of the population aged 60 and up is likely to rise from 1 billion in 2020 to 1.4 billion. Chronic wounds are frequently caused by underlying medical disorders, including diabetes, venous insufficiency, or pressure ulcer, thus contributing to segment revenue growth.
Wound Care Films Market by End-user
Based on the end-user, the global wound care films market is segmented into hospitals, clinics, home care, and others.
The hospitals dominated the market with the largest revenue share in 2021, as hospitals provide comprehensive wound care services for patients with acute and chronic wounds. In hospitals, wound care films are used as a component of wound management and treatment. They are used in various clinical settings, including emergency departments, surgical wards, and outpatient clinics. Hospitals use a variety of wound care films, including transparent film dressings, hydrocolloid film dressings, biofilm dressings, silicone film dressings, and hydrofiber film dressings, depending on the type and location of the wound and the patient’s needs and preferences. In addition, hospital institutions are considered large buyers of wound care having long-term contracts with suppliers. These factors contribute to the revenue growth of the hospitals segment.
Wound Care Films Market by Region
Geographically, the global wound care films market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World.
North America dominated the global wound care films market in 2021, owing to the increasing frequency of chronic wounds, best-in-class healthcare infrastructure, and the rising number of surgical treatments. Additionally, continuous research is being carried out to improve wound care procedures, which eventually helps the region’s revenue growth.
Wound Care Films Market Competitive Landscape
The prominent players operating in the global wound care films market are:
Wound Care Films Market Strategic Developments
The global wound care films industry is expected to be valued at US$ 988.3 million by 2030.
The wound care films market is expected to register a revenue CAGR of 5.8% during the forecast period from 2022 to 2030.
The increasing risk of chronic wounds, the development of advanced wound care films, and the rising geriatric population are driving revenue growth in the global wound care films market.
The chronic wounds segment dominated the global wound care films market in 2021.
3M Company, Covalon Technologies, BSN Medical, Winner Medical Co. Ltd., and Comfort Release are among the top market players.
*Insights on financial performance are subject to the availability of information in the public domain