Foam Dressings Market Research, 2032
The global foam dressings market size was valued at $1.7 billion in 2022 and is projected to reach $2.5 billion by 2032, growing at a CAGR of 4.1% from 2023 to 2032. Foam dressings are a type of advanced wound dressings, which are made of polyurethane or silicone, and are used in the management of moderate to high exuding wounds. They aid in healing moist wounds, managing highly exuding wounds, preventing dressing-related trauma, and reducing dressing discomfort & pain. These foam dressings are made up of soft absorbent material which can hold large amounts of exudate. Furthermore, these dressings are available in different sizes and shapes which assist in managing wounds that are difficult to treat using traditional dressings.
Market Dynamics
Growth of the foam dressings market size is attributed to factors such as increase in number of chronic ulcers, injuries and accident cases, surge in demand for foam dressings and advancements in foam dressing products. In addition, factors such as the increase in prevalence of chronic conditions such as diabetes, and related conditions such as diabetic foot ulcers have led to an increased demand for foam dressings. Such chronic conditions often result in slower healing of wounds that require ongoing wound care management. In such cases, advanced foam dressings play a critical role in promoting healing and preventing infection in the wound. This augments the growth of the market.
Increase in adoption of advanced foam dressing among the population around the globe is one of the key drivers of the growth foam dressings market. In addition, new product innovation and development by key players in foam dressing is projected to expand the market growth.
Increase in prevalence of accidental injuries and burn cases around the globe, especially in developing countries, is contributing toward the market growth. For instance, according to an article Outpatient Burn Care: Prevention and Treatment published by American Academy of Family Physicians in 2020, approximately 500,000 patients seek medical care for burns every year in the U.S. and roughly 92% are treated as outpatients. Thus, the increase in cases of accidental injuries and burn cases propels the growth of the market.
However, the high cost of foam dressing products is projected to hinder the growth of the foam dressings market. Advanced wound care products such as foam dressings are expensive and technologically driven products, and hence have significantly higher prices than traditional dressings. In addition, low awareness among the population in underdeveloped countries regarding advanced foam dressing products is projected to limit the market growth.
On the other hand, developing economies are anticipated to offer lucrative opportunities for the growth of the foam dressings market. Emerging markets possess high growth potential in the field of wound care including the foam dressings market, due to several factors, including rapid economic growth, increase in healthcare spending, and surge in demand for effective healthcare products and services. This is anticipated to boost the market growth during the forecast period.
COVID-19 pandemic has had a significant impact on global supply chains and the manufacturing of medical products, including foam dressings. The closure or suspension of production facilities, along with disruptions to transportation and logistics, has caused shortages of raw materials and other components, leading to difficulties in the availability of essential medical products. The shortage of foam dressings and other wound care management products has particularly affected healthcare facilities, which rely on these products to provide quality care to patients with wounds.
Furthermore, the pandemic has affected ulcer treatment due to the disruption of the healthcare systems as hospitals postponed or cancelled the non-urgent medical appointments and procedures, including those related to ulcer treatment. In addition, the decrease in a number of surgical procedures around the globe during the pandemic reduced the demand for foam dressings for post-operative wound care.
Despite the negative impact of the pandemic, several countries have implemented strategies that have helped to regularize the supply chain of medications and medical devices, including foam dressings. This is anticipated to boost the growth during the foam dressings market forecast.
Segmental Overview
The foam dressings industry is segmented into type, material, application, end-user, and region. By material, the market is divided into polyurethane and silicone. By application, the market is segregated into chronic wounds and acute wounds. By end user, the market is classified into hospitals, home healthcare, and others. Region-wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and the rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
By Material:
The silicone segment dominated the market in terms of revenue in 2022, whereas the polyurethane segment is anticipated to grow at the fastest rate during the forecast period. The growth of the silicone segment is due to the high-quality products offered by the key players in this segment, which increases the adoption of silicone foam dressing in the healthcare sector.
By Application:
The chronic wound segment dominated the global market in 2022 and is anticipated to remain dominant during the forecast period. This growth is attributed to the rise in prevalence of chronic wounds such as diabetic foot ulcers, pressure ulcers, venous leg ulcers and others among the population globally and subsequent surge in demand for advanced foam dressing for treatment. These dressings reduce the frequency of changing the dressing in case of chronic wounds, as foam dressings can be used for longer period depending on the nature of wound.
By End User:
The hospitals segment held the largest foam dressings market share in 2022 and is expected to remain dominant throughout the forecast period. This growth is attributed to the surge in demand for foam dressing in hospitals, as hospitals are raising the adoption of foam dressing in post-operative wound care management and in treatment of accidental injuries. The hospital segment is also anticipated to grow at the fastest rate during the forecast period, owing to the advancement in foam dressing products.
By Region:
The foam dressings industry is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America accounted for a major foam dressings market share in 2022, and is expected to maintain its dominance during the forecast period.
The growth in North America region is attributed to the availability of well-developed healthcare infrastructure, presence of majority of key players, rise in prevalence of chronic wounds, and availability of advanced surgical products in this region. In addition, the North America foam dressings market is driven by factors such as increase in prevalence of various types of ulcers causing chronic wounds, advancements in foam dressings, and favorable reimbursement policies for wound management.
Furthermore, foam dressings are easily available in this region owing to well established distribution channels which highlights the adoption of foam dressing on a large scale in this region. Also, rise in awareness among individuals regarding efficient wound care management by using foam dressings, propels the growth of the market.
Asia-Pacific is expected to grow at the highest rate during the forecast period. The market growth in this region is attributable to presence of pharmaceutical companies in the region as well as surge in purchasing power of populated countries, such as China and India. Moreover, rise in healthcare expenditure and surge in awareness among the people in this region about wound care management and its related products, is anticipated to drive the growth of the foam dressings market.
Furthermore, the market growth in Asia-Pacific is attributable to rise in incidence of chronic wounds such as diabetic ulcers, venous leg ulcers and others, increase in number of surgeries, and surge in patient awareness toward advanced wound care products such as foam dressings. Also, Asia-Pacific possesses high potential for the growth of the foam dressings market due to the presence of high population base and untapped market opportunities. Rise in number of accidental injuries and burn cases in Asia-Pacific population is driving the foam dressings market growth.
Competition Analysis
Competitive analysis and profiles of the major players in the foam dressings market, such as 3M Company, Smith and Nephew plc., Convatec Group PLC, B. Braun SE, Cardinal Health Inc., Winner Medical Co., Ltd., Molnlycke Health Care AB, Coloplast, Essity Aktiebolag AB and Covalon Technologies Ltd. are provided in this report. There are some important players in the market such as Integra LifeSciences Corporation,
Areza Medical, Medvance and others. Major players have adopted product launch, geographical expansion, innovation, new product development and acquisition as key developmental strategies to improve the product portfolio of the foam dressing.
Recent Product Launches in Foam Dressings Market
- In January 2023, Convatec announced the U.S. launch of ConvaFoam, a family of advanced foam dressings can be used on a spectrum of wound types at any stage for wound management and skin protection.
Recent Acquisitions in Foam Dressings Market
- In April 2021, Essity has acquired the distribution rights to the wound care technology Sorbact, a clinically established innovation for advanced wound care in Australia and New Zealand from the Australian company Bayport Brands.
- In December 2021, Essity acquired the company Hydrofera which offers technology and products within advanced wound care, which is the developer of Hydrofera Blue Ready Antibacterial Foam Wound Dressings.
- In July 2021, Essity has acquired the remaining 25% of the shares in the Swedish medical solutions company ABIGO Medical AB, to accelerate Essity’s growth in advanced wound care.
Geographical Expansion in Foam Dressings Market
- In December 2020, Molnlycke announced the launch of a new UK distribution center, thereby strengthening customers’ access to its quality products. This company offers the designing and supply of products and solutions for use in wound treatment, pressure ulcer and infection prevention and surgery.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the foam dressings market analysis from 2022 to 2032 to identify the prevailing foam dressings market opportunity.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the foam dressings market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global foam dressings market trends, key players, market segments, application areas, and market growth strategies.
Foam Dressings Market Report Highlights
| Aspects | Details |
 Market Size By 2032 | USD 2.5 billion |
 Growth Rate | CAGR of 4.1% |
 Forecast period | 2022 - 2032 |
 Report Pages | 289 |
 By Material |
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 By Application |
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 By End User |
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 By Region |
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 Key Market Players | Molnlycke Health Care AB, 3M Company, Convatec Group PLC, Covalon Technologies Ltd., Cardinal Health Inc., Winner Medical Co., Ltd., B. Braun SE, Essity Aktiebolag AB, Coloplast, Smith and Nephew plc. |
Analyst Review
The surge in demand for efficient and high-quality foam dressings for the treatment of wounds and injuries is expected to offer profitable opportunities for the expansion of the foam dressings market.
The rise in incidences of chronic wounds such as diabetic ulcers or venous ulcers, and rise in incidences of acute wounds in developed as well as developing regions has largely contributed toward the market revenue in 2022, and is expected to maintain this trend throughout the forecast period. Also, key market players are focusing on development of new products that are easily accessible and are of low cost. Moreover, these products offer several advantages such as facilitate oxygen flow, relieve pain during dressing changes, and protect wounds from infection, which further fuel their demand in the healthcare settings.
Furthermore, North America is expected to witness highest growth, in terms of revenue, owing to increase in number of surgeries, developed healthcare infrastructure, and easy availability of advanced foam dressings. However, Asia-Pacific is anticipated to witness notable growth during the forecast period owing to rise in demand for foam dressing products as more people are becoming aware of the technological advancements in foam dressings, improvement in health awareness, and high count of accidental injuries in this region.
Foam dressings are used in management of heavy exudating wounds mainly the acute wounds such as burns and trauma, surgical wounds and chronic wounds such as pressure ulcers, diabetic foot ulcers, venous leg ulcers.
Foam dressing is a type of advanced wound care dressing used in the treatment of acute and chronic wounds. Foam dressings can be adhesive or non-adhesive in nature which can be used depending on the type of wound.
Key factors driving the growth of the foam dressings market include increase in incidences of chronic and acute wounds, advantages offered by foam dressings and advancements in foam dressing products.
Asia-Pacific has the highest growth rate in the market with highest CAGR which is attributed to the high population base and increase in geriatric population that require frequent surgeries in this region, along with large number of accidental injuries requiring efficient wound care management.
Top companies such as 3M Company, Smith and Nephew plc., Convatec Group PLC, B. Braun SE, Cardinal Health Inc., Winner Medical Co., Ltd., Molnlycke Health Care AB, Coloplast, Essity Aktiebolag AB and Covalon Technologies Ltd. hold a prominent makret share in foam dressings market.
The base year is 2022 in foam dressings market.
Silicone segment is the most influencing segment in foam dressings market which is attributed to the presence of major players in the market offering wide variety of silicone dressings.
The market value of foam dressings market in 2032 is $2,528.45 million.
The total market value of foam dressings market is $1,690.84 million in 2022.
The forecast period for foam dressings market is 2023 to 2032
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