Published Date: 24-Nov-2022
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According to a new report, published by KBV research, The Global Hydrogel Dressing Market size is expected to reach $1.1 billion by 2028, rising at a market growth of 4.2% CAGR during the forecast period.
The Acute Wounds segment is showcasing a CAGR of 5.8% during (2022 - 2028). The increase in cases of different traumatic injuries, including gunshot wounds, lacerations, knife wounds, and accidents, is the key factor driving the segment's growth. In addition, the number of gunshot wounds increased by 14% between 2019 and 2020 and by 25% over the preceding five years, according to the same source.
The Hospitals segment acquired maximum revenue share in the Global Hydrogel Dressing Market by End-use in 2021 thereby, achieving a market value of $504.1 million by 2028. This market segment's dominance may be linked to the increase in surgical operations due to inactive lifestyles, as well as the growth in bariatric treatments, which need the use of hydrogel dressing solutions to prevent surgical site infections.
The Impregnated Hydrogel segment has shown the growth rate of 4.8% during (2022 - 2028). Dressings impregnated with hydrogel are used for the healing of partial and full-thickness wounds, as well as severe wounds such as skin rips. It is projected that the increased prevalence and incidence of skin tears would increase the utilization of hydrogel dressings.
The North America market dominated the Global Hydrogel Dressing Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $453.5 million by 2028. The Europe market is exhibiting a CAGR of 4% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 5.2% during (2022 - 2028).
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 Cardinal Health, Inc., Smith & Nephew PLC, 3M Company, Coloplast Group, ConvaTec Group PLC, Medline Industries Inc., Integra LifeSciences Holdings Corporation, McKesson Corporation, DermaRite Industries, LLC, and AMERX Health Care Corporation.
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