According to a new report, published by KBV research, The Global Foam Dressings Market size is expected to reach $2.1 billion by 2029, rising at a market growth of 4.5% CAGR during the forecast period.
The Acute Wounds segment is showcasing a CAGR of 6.4% during (2023 - 2029). The primary cause promoting the segment's expansion is increased traumatic injuries, including lacerations, gunshot wounds, stab wounds, and auto accidents. Acute wound treatments provide various benefits, including fewer surgical site infections, improved results, patient satisfaction, and shorter hospital stays. Additionally, burn injuries are happening increasingly often all around the world.
The Silicone segment is leading the Global Foam Dressings Market by Material in 2022 thereby, achieving a market value of $1.7 billion by 2029. The high-quality goods provided by the segment's major players have contributed to the silicone segment's expansion and increased use of silicone foam dressing in the healthcare industry. They work well on wounds with complex forms or locations that are challenging to access. In addition to helping to cure wounds, silicone foam dressings are non-sensitizing, hypoallergenic, and non-irritating, making them a great option for patients with sensitive skin or those who are prone to skin allergies.
The Home Healthcare segment has shown the growth rate of 4.9% during (2023 - 2029). Due to the rising senior populations during the pandemic, home healthcare wound care items were more in demand. Furthermore, the elderly population are anticipated to regularly receive care at home or in nursing facilities. Thus, the segment is projected to rise as the global elder population increases. In addition, there are various organizations in North America and Europe that offer home care services, which further supports the demand for these services.
The North America market dominated the Global Foam Dressings Market by Region in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $730.1 million by 2029. The Europe market is exhibiting a CAGR of 4.3% during (2023 - 2029). Additionally, The Asia Pacific market would showcase a CAGR of 5.4% during (2023 - 2029).
Full Report: https://www.kbvresearch.com/foam-dressings-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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