The North America Foam Dressings Market would witness market growth of 3.2% CAGR during the forecast period (2023-2029).
One of the major factors boosting the market is the rising use of sophisticated foam dressing among people. Additionally, it is anticipated that the market will rise due to new product invention and development by key players in foam dressing. Furthermore, the rise in unintentional injuries and burn cases regionally, particularly in emerging nations, is a factor in the market's expansion. Foam dressings have also grown in popularity in the field of wound care because of their superior healing capabilities and capacity to fight infections.
As wound care technology advances, producers are creating brand-new foam dressings with even better healing and infection control capabilities. One of these developments is using foam antimicrobial dressings with silver that can help stop the spread of bacteria in the wound bed. Furthermore, improved exudate-absorbing foam dressings are being created, which may aid in fostering a moist wound environment and speeding up recovery. This results in a rise in the use of these foam treatments. Foam dressings are, moreover, frequently simpler to apply and take off than conventional dressings, which might make them more practical for both healthcare personnel and patients.
North America is anticipated to have a substantial market share due to factors like the rising prevalence of diabetes and greater public awareness of diabetic foot ulcers, among others. 37.3 million Americans of all ages, or 11.3% of the population, were estimated to have diabetes based on the CDC's early forecasts for the year 2019. The percentage of diabetics increased with age, peaking at 29.2% among people 65 and older. According to the American Diabetes Association, the cost of healthcare in the United States has increased by 26% in the last five years due to the increasing incidence of diabetes. A large rise in type 1 and type 2 diabetes diagnoses among young individuals in the US has also been seen. The market in the region is therefore expected to grow.
The US market dominated the North America Foam Dressings Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $526.8 million by 2029. The Canada market is poised to grow at a CAGR of 5.6% during (2023 - 2029). Additionally, The Mexico market would witness a CAGR of 4.7% 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 U.S., Mexico, Canada, and Rest of North America.
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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