Industry Background:
Foam dressings are semipermeable polyurethane material used in wound care. There are several benefits of foam dressings, such as in periwound protection and ease of availability. The foam dressing is non-adherent and non-linting dressings, which only allow water vapor to enter and avoid the entry of bacteria and other contaminants. Foam dressing is a primary dressing for a variety of wound types in worldwide patient populations. The flexibility of foam dressings allows for a wide variety of clinical applications with wounds that have from moderate to heavy exudate. Because they are easy to use and can be easily cut to fit irregular wound areas, they are a good dressing choice for many situations. Also, check latest insights that AMA Research revealed in latest research coverage on "
Absorbent Foam Dressing Market Share & Industry Growth Analysis".
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | 3M Company (United States), Johnson & Johnson (United States), Medtronic Plc (Ireland), Medline Industries, Inc. (United States), Smith & Nephew plc. (United Kingdom), Mölnlycke Health Care AB (United Kingdom), Winner Medical Group Inc. (China), ConvaTec Group PLC (United States), Coloplast A/S (Denmark) and BSN medical GmbH (Germany) |
According to AMA, the market for Foam Dressings is expected to register a CAGR of 4.8% during the forecast period to 2030. This growth is primarily driven by Increasing Number of Incidence of Pressure Injuries in Patients of All Ages and Rising Morbidity of Lifestyle Diseases such as Diabetes.
Globally, a noticeable market trend is evident Growth in Awareness about Advanced Wound Care Dressing Major Players, such as 3M Company (United States), Johnson & Johnson (United States), Medtronic Plc (Ireland), Medline Industries, Inc. (United States), Smith & Nephew plc. (United Kingdom), Mölnlycke Health Care AB (United Kingdom), Winner Medical Group Inc. (China), ConvaTec Group PLC (United States), Coloplast A/S (Denmark) and BSN medical GmbH (Germany), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth.
Key Developments in the Market:
In October 2023, Medline Industries, a global manufacturer and distributor of medical and surgical products, announced it had acquired privately held Mölnlycke Health Care, a Swedish medical technology company known for its wound care and single-use surgical products. While not specifically focused on foam dressings, this acquisition could have implications for the wider wound care market.
On November 9, 2023, Smith & Nephew, a British multinational medical technology company, announced it had launched a new line of foam dressings called ACTICOAT Flex 3. The dressings are designed to treat chronic wounds and are said to be more flexible and conformable than previous versions.
Regulatory Insights:
“According to Food and Drug Administration (FDA) and , it’s denoted that, the Center for Devices and Radiological Health (CDRH) regulated the device does not contain antimicrobial agents that act on the body and that the guidance is not applicable for those products in which the pDADMAC leaches from the substrate. Leach ability testing is required to be submitted in the 510(k) notice for these devices to demonstrate that the drug does not leach onto the patient”.
Influencing Trend:
Growth in Awareness about Advanced Wound Care Dressing
Market Growth Drivers:
Increasing Number of Incidence of Pressure Injuries in Patients of All Ages and Rising Morbidity of Lifestyle Diseases such as Diabetes
Challenges:
High Costs of Dressings
Restraints:
Limited Reimbursement Policies in Emerging Countries
Opportunities:
Rising Development of Advanced Products such as Use of Sterile, Polyvinyl Alcohol Foam, etc. and Rising Need for Affordable Care for Patients with Chronic and Acute Wounds in Various Care Settings
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Foam Dressings Market
- Analysis about New Entrants in Foam Dressings Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Foam Dressings Study Sheds Light on
The Foam Dressings Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Foam Dressings industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Foam Dressings industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.