The Asia Pacific Foam Dressings Market would witness market growth of 5.4% CAGR during the forecast period (2023-2029).
Foam dressing demand is supported regionally by the rising need for accessible care for patients with acute and chronic wounds in various care settings. Furthermore, the market is probably being pushed by the increasing prevalence of pressure injuries in patients of all ages in different parts of the region. Given its enormous potential for treating bed sores, these dressings are used to treat pressure ulcers are likely to see a rapid rate of innovation. Studies evaluating the clinical utility and economic viability of foam dressings in treating pressure injuries have been conducted throughout the past few years. This unquestionably stimulates the market ability to generate income.
In this regard, academics and the medical community have paid close attention to polyurethane foam dressings to prevent pressure ulcers. Due to conditions like these, the prevalence of lifestyle disorders like diabetes is increasing, driving up demand for foam dressings for quick wound healing. In addition, numerous training initiatives have been launched in recent years to enhance physicians' knowledge and expertise in wound care dressings. This boosts foam dressing adoption.
This region's market expansion can be attributed to the presence of pharmaceutical businesses and the rise in the purchasing power of populous nations like China and India. The market is also expected to grow due to rising healthcare costs and increased consumer knowledge of wound care management and related goods in this region. Additionally, Asia-Pacific has significant potential for the development of the market due to its large population and unexplored market potential. The market expansion is driven by an increase in burn cases and unintentional injuries in the Asia-Pacific region.
The China market dominated the Asia Pacific Foam Dressings Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $172.3 million by 2029. The Japan market is exhibiting a CAGR of 4.8% during (2023 - 2029). Additionally, The India market would experience a CAGR of 6.1% during (2023 - 2029).
Based on Application, the market is segmented into Chronic Wounds (Pressure Ulcers, Diabetic Foot Ulcers, Venous Leg Ulcers and Others) and Acute Wounds (Burns & Trauma and Surgical Wounds). Based on Material, the market is segmented into Silicone and Polyurethane. Based on End User, the market is segmented into Hospitals, Home Healthcare and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Foam Dressings Market is Projected to reach USD 2.1 Billion by 2029, at a CAGR of 4.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 3M Company, B. Braun Melsungen AG, Cardinal Health, Inc., Coloplast Group, ConvaTec Group PLC, Molnlycke Health Care AB, Essity AB, Smith & Nephew PLC, Covalon Technologies Ltd. and Winner Medical Co., Ltd.
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