Moist Wound Dressings Market Size

Moist Wound Dressings Market Size

Moist Wound Dressings Market was valued at USD 4.3 billion in 2022 and is estimated to account for USD 7.2 billion by 2032. Moist wound dressings, also known as advanced wound dressings or moist wound care, are specialized dressings used in the management and treatment of various types of wounds. These dressings maintain a moist environment around the wound, which has been found to promote better wound healing compared to traditional dry dressings.

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Further, advance wound care dressings create a moist and humid environment around the wound. This is beneficial because it supports several aspects of the wound healing process. The increasing incidence of burn injuries is one of the major factors driving the demand for moist wound dressings. Several factors contribute to the rising incidence of burn injuries, including accidents at home, workplace incidents, electrical mishaps, and natural disasters. For instance, according to the World Health Organization (WHO), an estimated 180,000 deaths occur annually due to burns, with the majority of these deaths occurring in low- and middle-income countries. Additionally, the American Burn Association reports that in the U.S., there are approximately 486,000 burn injuries treated annually, and about 40,000 of these require hospitalization.

Furthermore, the growing prevalence of diabetes worldwide is a significant factor contributing to delayed wound healing. Diabetes can lead to various complications, including impaired blood circulation, neuropathy (nerve damage), and weakened immune function, all of which can hinder the body's ability to heal wounds efficiently. For instance, in 2021, according to the International Diabetes Federation (IDF), about 463 million adults (aged 20-79) had diabetes worldwide. This number is projected to rise to 700 million by 2045 in case of continuing present trends.

Moreover, about 15-25% of people with diabetes will develop a foot ulcer at some point in their lives, and these ulcers can be challenging to heal. Diabetic foot ulcers are a common complication and are a major cause of hospital admissions in people with diabetes. Thus, this growing prevalence of diabetes is anticipated to boost demand of moist wound dressings and thereby further accelerate market trends.