Increasing prevalence of chronic and acute wound diseases is expected to drive the growth of global film dressings market in the forecast period, 2024-2028.
According to TechSci Research report, “Global Film Dressings Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028”, the global film dressings market is anticipated to grow at an impressive rate in the forecast period, 2024-2028. This can be ascribed to the increasing prevalence of chronic and acute wounds due to the increasing prevalence of genetic skin disorders along with growing investment by government organizations for developing the healthcare infrastructure in the developed and underdeveloped regions. Additionally, growing investment for research and development activities to launch the improved film dressings, especially in the developed countries in North America and Europe is expected to create lucrative opportunities for market growth in coming years. Similarly, manufacturers are continuously investing in new technologies and materials to keep themselves updated with market trends which will further boost the growth of the market over the years.
However, the high cost of the treatment and material in developing countries slowing down the growth of the global film dressings market in the forecast period. Similarly, high risks and complications associated with treatment may hamper the film dressings market growth during the forecast period. Also, a lack of knowledge about film dressings and a lack of healthcare infrastructure in emerging countries can further restrict the growth of the global film dressings market. Additionally, the lack of reimbursement policies in developing economies is a major factor hampering the growth of the global film-dressing market.
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The global film dressings market can be segmented by application, end user and by region. Based on end user, the global film dressings market can be segmented into Hospitals & Clinics, Homecare, Others. The hospitals and clinics segment dominated the market in 2022 and is expected to continue maintaining its dominance throughout the forecast period. This can be ascribed to increasing the number of hospitals and patients across the globe and the rising number of individuals receiving treatment in hospitals. Similarly, elder people prefer home care over hospitalization which is expected to create significant growth during the forecasted period.
Based on application, the market can be divided into Acute Wounds and Chronic Wounds. The acute wounds segments are expected to dominate during the forecast period on account due to the increasing number of surgical site infections along with the increasing frequency of burn injuries, and the rising prevalence of traumatic wounds across the globe. Also, the growing incidence of diabetes and diabetic foot ulcers is a major factor driving the growth of the market over the years.
Major companies operating in global film dressings market are:
- 3M Company
- Cardinal Health, Inc.
- Smith & Nephew, plc.
- Paul Hartmann AG
- McKesson Corporation
- Molnlycke Health Care AB.
- DermaRite Industries, LLC
- Lohmann & Rauscher GmbH & Co.KG
- Medline Industries, Inc
In 2021, Researchers at the Indian Institute of Technology (IIT) Guwahati have invented a biodegradable low-cost composite transparent wound dressing film. This material, based on the integration of a synthetic polymer, is non-toxic and will create a moist environment that would enable the body to heal on its own through the endogenous enzymes, according to recent research. Some of the findings have been published in the International Journal of Biological Macromolecules journal.
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“The North America is expected to dominate in the global film dressings market on account due to the increasing prevalence of the chronic wound related diseases such as diabetic foot ulcers and infections along with the growing number of surgeries due to road accidents, burn injuries across the region. Furthermore, increasing incidents of frequent cause of serious bleeding and other injuries, demanding immediate medical attention and surgical procedures to provide patients with immediate relief across the globe are further contributing to the demand for film dressings. Besides, increasing investment by government organizations for the hospital development and increasing the number of skilled professionals in the region is further expected to create lucrative opportunities for the market growth”’ said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Film Dressings Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Application (Acute Wounds v/s Chronic Wounds), By End User (Hospitals & Clinics, Homecare, Others), By Region and Competition”, has evaluated the future growth potential of global film dressings market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global film dressings market.
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