Global Advanced Wound Dressing Market Report and Forecast 2024-2032

Global Advanced Wound Dressing Market Trends

Increased Clinical Trial Activity to Meet the Rising Advanced Wound Dressing Market Demand

To accommodate the growing demand for advanced wound dressings, the key market players are heavily investing in conducting clinical trials to assess the efficacy and safety profile of new products and build trust among healthcare providers and patients. For example, in May 2024, pioneering medical products and technologies company, Convatech, announced positive clinical study results of its AQUACEL® Ag+ Extra™dressing that supports its superiority in the management of venous leg ulcers as compared to standard-of-care dressings. The findings were revealed in a recent multinational randomized controlled trial (RCT) conducted across 20 sites in Germany, the United Kingdom, and Colombia, suggesting that Convatech’s dressing can offer an effective means to manage hard-to-heal wounds. Such clinical studies also reflect a substantial growth in advanced wound dressing market technologies.

The study further demonstrated that venous leg ulcers when managed with AQUACEL® Ag+ Extra™ dressing were likely to have a 40% wound area reduction in 4 weeks and 31% more likely to heal completely at 12 weeks. Further, strong evidence of the high healing capacity of the advanced dressing was reported in the data, with 74.8% of venous leg ulcers completely healing using Convatec products in contrast to 55.6% of them healing using standard-of-care dressing. Such results highlight the clinical value of AQUACEL® Ag+ Extra™ which combines Hydrofiber® technology and MORE THAN SILVER™ technology. Thus, the growth in clinical trials to establish evidence-based data on antimicrobial and antibiofilm wound dressings is one of the major wound care market trends that is anticipated to bolster the market growth in the forecast period.

Growing Investment in the Wound Care Sector

One of the major market trends is the increased funding to accelerate the advancement in wound care management. Innovations in wound care technologies, such as antimicrobial dressings, smart wound care devices, and bioengineered dressing are attracting considerable investor attention. Moreover, this surge in investments in the advanced wound dressing market can be attributed to the increasing demand for effective wound care solutions and the rising cases of chronic and acute wounds, with acute and chronic wounds affecting more than 6 million people in the United States alone . Further, around 100 million patients are affected by chronic wounds including diabetic foot, venous leg, and pressure ulcers. Additionally, the prevalence of these wounds is estimated to increase by 12% annually owing to the increasing burden of underlying diseases like diabetes and obesity, and the growing aging population. Such factors are projected to positively influence the advanced wound care market dynamics in the near future.

In May 2024, the National Institute of Chemical Physics and Biophysics (Estonia) spin-off MedTech company Nanordica Medical raised Euro 1.75 million to introduce its wound care products including its advanced antibacterial dressing into the market. The company’s innovative dressing combines silver and nanoparticles to enhance the antibacterial efficacy of both components and expedite wound healing. Compared to traditional antibacterial solutions, Nanordica Medical’s dressing inactivated bacterial infection 8 times better, showing its efficiency in curing severe wounds. The firm also plans to conduct a multicentered study enrolling 170 patients with diabetic foot ulcers in Q2 2024, with its first human wound care product planned to be launched in 2025. Thus, these investment initiatives are set to drive innovation and expand product offerings in the market.

Advanced Wound Dressing Market Report Snapshots

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Advanced Wound Dressing Market Trends

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Advanced Wound Dressing Market Regional Analysis

Advanced Wound Dressing Companies