Moist Wound Dressings Market Size (2024 - 2029)

Moist Wound Dressings Market Analysis

The Moist Wound Dressings Market size is estimated at USD 4.80 billion in 2024, and is expected to reach USD 6.20 billion by 2029, growing at a CAGR of 5.30% during the forecast period (2024-2029).

The major drivers for the market’s growth are the growing incidence of chronic and acute wounds owing to the rise in chronic diseases, accidents, and burns and the rising awareness and adoption of advanced wound care products.

The growing burden of chronic diseases is leading to increased demand for moist wound dressings to promote the rapid recovery of wounds by providing a moist wound environment, which is anticipated to drive market growth. For instance, according to a study published by the Institute for Health Metrics and Evaluation (IHME), approximately 1.3 billion people in the global population are expected to be affected by diabetes by 2050. Moreover, according to the study published in the PLoS One Journal in November 2023, the prevalence of diabetic foot ulcers was 53.2% worldwide in 2022. The same source also stated that South and Central America had the highest prevalence of diabetic foot ulcers. Moist wound dressings are preferred for diabetic foot ulcer cases, and increasing cases of diabetes and diabetic foot ulcers are expected to impact the market’s growth positively over the forecast period.

The NCBI study published in July 2022 mentioned that young children (ages 1-5 years) comprise almost half (42.0%) of burns worldwide, with pediatric patients being the major demographic affected. Additionally, according to the NCBI research study published in May 2022, the prevalence of chronic wounds was estimated at 1-2% of the population in developed countries. This increase, fueled by rising burn cases, is driving a surge in demand for moist wound dressings, which is expected to boost market growth in the coming years.

Market player initiatives such as product launches are expected to increase the availability of wound dressings, thus propelling market growth. For instance, in May 2022, Winner Medical introduced its ground-breaking surgical wound care offerings, including transparent film dressings, bordered silicone foam dressings fortified with SAF, antibiosis series products, and the innovative carboxymethylcellulose (CMC) dressing.

Therefore, factors such as the growing burden of chronic diseases and the rise in chronic wounds and burns are anticipated to increase the demand for moist wound dressings, driving market growth. However, costly treatments and procedures will likely hinder market growth over the forecast period.

Moist Wound Dressings Industry Segmentation

Moist wound dressings treat various wounds to maintain a moist environment and release therapeutically active ingredients where the skin is removed, cut, and perforated. These patches have gained traction in recent years due to their proven efficiency in quick healing, reduced inflammation, risk of infections, and scarring during removal. These patches are made of various materials, such as foam, alginate, and hydrocolloid, which retain moisture and enhance healing. 

The moist wound dressings market is segmented by product, application, end user, and geography. By product, the market is segmented into foam, alginate, hydrocolloid, hydrogel, and others. By application, the market is segmented into burn wounds, pressure ulcers, diabetic ulcers, surgical wounds, and others. By end user, the market is segmented into hospitals, homecare, and others. By geography, the market is segmented into North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. For each segment, the market size is provided in terms of value (USD).