San Francisco, 20 March 2024: The Report Hydrogel Dressing Market Size, Share & Trends Analysis Report By Product (Amorphous Hydrogel, Impregnated Hydrogel), By Application (Acute Wounds, Chronic Wounds), By End-use, By Region, And Segment Forecasts, 2024 - 2030

The global hydrogel dressing market size is anticipated to reach USD 1.24 billion by 2030 and is anticipated to expand at a CAGR of 4.32% over the forecast period, according to a new report by Grand View Research, Inc. The market growth can be accredited to rising prevalence of chronic wounds globally. The properties of hydrogel-based dressings can be adjusted much more easily compared to conventional chronic wound therapy methods. Moreover, owing to their adaptability and versatility, hydrogel dressings can be loaded with cells, antibacterial, antiviral, and antifungal agents, growth factors, and biomolecules to hasten wound contraction and healing. Furthermore, owing to their ability to create in situ and cytocompatible chemical crosslinking, these dressings may be easily applied to irregular or deep wounds. Thereby, owing to above-mentioned advantages, it is expected to propel the market growth.

Massive research is being conducted to create novel hydrogel products from natural sources such as animal tissues, plant extracts, extracellular matrix, and others. Firms are extensively spending in R&D and are continuously working on achieving positive clinical trial results. For instance, Remedor Biomed Ltd. is conducting clinical studies on a hydrogel containing erythropoietin to treat diabetic foot ulcers. In addition, a variety of peptides are being studied in clinical studies for their wound healing abilities. Thus, rigorous clinical studies to commercialize novel hydrogel dressing products are expected to drive the growth of the market in upcoming years.

The number of burn injuries are rising globally. For instance as per WHO in October 2023, about 180,000 deaths annually are caused by burns globally. Hydrogel dressings offer a potential substitute for cooling burn wounds through the use of running water, especially in situations involving mass casualty disasters, limited access to clean water, hypothermia, or extensive burns. These dressings facilitate the evaporation of accumulated heat in the skin, contributing to more effective healing in burn injuries due to their elevated water content. Therefore, the market is likely to be fueled due to increasing number of burn cases over the forecast period.

The demand for hydrogel dressing is projected to increase due to rising chronic & acute wound population. As the geriatric population has a slow healing ability, an increase in the number of elderly people is projected to enhance the use of hydrogel dressing.

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For instance, as per the data published by United Health Foundation, the population of adults, aged 65 and over was around 58 million in 2022, accounting for about 17.3% and is projected to increase to 22% by 2040. Similar to this, the United Nations Population Fund (UNFPA) Asia and the Pacific estimates, by 2050, about one in every four people in the Asia Pacific region will be over 60, which is anticipated to boost the market growth.

Hydrogel Dressing Market Report Highlights

• Based on product, the amorphous segment dominated the market in 2023, owing to extensive use of amorphous hydrogel over impregnated and sheet dressings to treat ulcers and burn wounds
• Based on application, the chronic wounds segment dominated the market in 2023 due to growing number of chronic wounds and elderly population
• In terms of end-use, the hospitals segment dominated the market in 2023, whereas, the home healthcare segment is projected to witness a fastest CAGR over the forecast period
• North America dominated the regional segment with a market share of 45.46% in 2023, due to availability of favorable reimbursement policies and large market players

Hydrogel dressing aids in treatment of chronic wounds, including pressure ulcers, venous leg ulcers, and diabetic foot ulcers. Globally, growing number of people with diabetes is leading to an increase in those who have diabetic foot ulcers. According to International Diabetes Federation (IDF), as of February 2021, globally, 537 million adultswere estimated to be living with diabetes, which is expected to reach 783 million by 2045. Numerous healthcare professionals use hydrogel dressing as it promotes rapid wound healing. This is expected to increase demand for hydrogel dressing throughout the forecast period.

The market for hydrogel dressings is also expected to grow because of increased occurrences of burns, trauma, and road accidents. For instance, according to the WHO's 2023 estimate, approximately 1 million individuals in India have severe or moderate burns each year. In addition, 1,353,500 fire incidents were confirmed in 2021, with 14,700 injuries and 3,800 fatalities, according to the U.S. Fire Administration. Furthermore, the WHO reports that nearly 1.3 million individuals lose their lives in traffic accidents each year. Similar to this, the Brake group estimates that between 20 and 50 million non-fatal injuries are caused by automotive accidents annually. These accidents typically result in severe bleeding and other injuries, necessitating rapid medical care and surgical operations to relieve patients' immediate suffering.

Therefore, rising incidence of acute and chronic wounds is likely to boost the demand for hydrogel dressing, as they are effective for acute and chronic wounds of varying thicknesses. Hydrogel dressing is also used to treat minor burns and abrasions. Thereby, aforementioned factors are driving the market growth.

The COVID-19 pandemic impacted the market negatively, due to the cancellation or postponement of elective procedures. However, the market is expected to grow post-COVID-19 pandemic. Moreover, several market players are undertaking several initiatives such as product launch, geographic expansion, to increase their global reach. In January 2022, Nexgel Advanced Hydrogel Solutions, announced the launch of MEDAGEL, a hydrogel patch to treat & prevent foot blisters. In addition, increased telehealth and virtual consultation penetration has aided the market's recovery post the COVID-19 pandemic. For instance,

Hydrogel Dressing Market Report Scope

A virtual service for wound care consulting was introduced by Delta Care Rx in January 2021. It combines hospice and palliative care nurses with a doctor and nurse specializing in wound care. The Telewound Care Canada project received a USD 2.5 million investment from the Digital Technology Supercluster in February 2021.

Independent medical practices that offer telemedicine increased from 22% before the pandemic to 41% after it, according to a research article that was published in Medline Industries LP. Similarly, telemedicine adoption has increased from 49% of customers prior to the pandemic to 60% post-pandemic. Thus, aforementioned factors will likely cause the hydrogel dressing industry to grow quickly in the post-pandemic period.

List Of Key Players in the Hydrogel Dressing Market

• Cardinal Health
• Smith & Nephew
• 3M
• Coloplast Corp.
• ConvaTec Group PLC
• Medline Industries, Inc.
• Integra LifeSciences Corp.
• McKesson Medical-Surgical
• DermaRite Industries, LLC
• AMERX Health Care Corp.