Skin Repair Dressing Market Size to Rise $16.45 Bn by 2034

Skin Repair Dressing Market Size, Segments and Regional Growth Analysis

The global skin repair dressing market was estimated at US$ 8.06 billion in 2023 and is projected to grow to US$ 16.45 billion by 2034, rising at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2034. The demand for skin repair dressing is growing because it is used for skin repair in the case of burns, chronic wounds, and surgeries. Skin repair dressing are highly essential to ensure that wounds are healed properly and the chances of getting infections from surroundings is reduced.

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Market Overview

The skin repair dressing market encompasses products, procedures, research & development, and any other aspect associated with skin repair. Skin damage can occur in various circumstances, like accidents, burns, surgeries, diabetes, and skin-damaging infections. Depending on the type of wound and its severity, it is essential to choose the correct wound dressing to reduce treatment costs, accelerate healing, and improve the overall well-being of the patient. The market is growing due to the growing cases of burn wounds. Depending upon the severity of the nuns, the need for skin repair dressing increases.

Skin Repair Dressing Market Trends

• In March 2024, HealthQuad, a venture capital firm that specializes in healthcare, led a $20 million series B fundraising round for Cureskin, a platform that links customers with skincare professionals.
• In July 2023, Coloplast, a Danish manufacturer of medical devices, agreed to pay $1.2 billion upfront to purchase Kerecis, an Icelandic wound care firm.This acquisition would give Coloplast control over a business that is anticipated to have a 50% increase in sales this year.

Skin Repair Dressing: A Necessity for Diabetic Chronic Wounds

Chronic wounds are a side effect of diabetes because impairment in wound healing slows the healing process. It is estimated that the number of people with diabetes is going to increase to 784 million by 2045. Diabetes leads to diabetic foot ulcers, which are difficult to heal and need continuous monitoring and treatment. It may take weeks to several months to heal the ulcers. During this period, skin repair dressings are used in large amounts. These dressings not only help in healing but also prevent the wounds from getting infected. Some common dressings used in diabetic wounds include hydrogel dressings, alginate dressings, and foam dressings.

Various Disadvantages of Different Dressing

The skin repair dressing market provides different types of dressing. The resulting factor for the market is that these dressings have other issues that can limit their use. For instance, gauze & transparent film dressings can stick to a wound, and some dressings can cause irritation & pain. During the process of dressing removal, they can cause harm to the healing/healed wound.

Regional Insights

North America Dominated the skin repair dressing market in 2023. Because of its developed healthcare system, growing public awareness, and the existence of significant industry participants, North America has a dominant market. Moreover, a projected rise in the number of operations performed in North America is expected to fuel the market's expansion in the area.

In 2023, the U.S. accounted for the greatest portion of the North American skin repair dressing market. A strong healthcare infrastructure, growing consumer awareness of innovative wound care products, and the existence of many major industry players are some of the reasons propelling the market's expansion. Furthermore, the market is anticipated to be further propelled by the increase in orthopedic operations brought on by the increased rate of sports injuries. Also, 10.5 million Medicare enrollees in the US suffer from chronic wounds.

The quality of life for around 2.5 percent of Americans is impacted by chronic wounds. Individuals with diabetes have a lifetime 25% chance of getting a foot ulcer, of which 15% end up needing to be amputated. In the US, pressure injuries cost between $9.1 and $11.6 billion annually. Inpatient stays connected to burns are still around twice as long and expensive ($24,000 versus $10,700) as stays unrelated to burns. Each year, burn injuries result in around $1.5 billion in medical expenses and $5 billion in missed workdays.

Asia Pacific is expected to grow at the fastest rate during the forecast period. The skin repair dressing market is rapidly growing in Asia Pacific due to the growing incidences of diabetes. The region has the largest pool of patients suffering from diabetes. Apart from this, investments by government and various organizations are growing in Asia Pacific. India, China, South Korea, and Japan majorly contribute to the market’s growth.

India is significantly contributing to the growth of the market. Chronic wounds caused by diabetes are the leading factor in their growth. India has the greatest number of people with diabetes. It is estimated that the number of diabetic patients will rise from 74.9 million in 2021 to 124.9 million by 2045. The Indian government and other organizations are making efforts to improve the quality of care and skin repair through research and development.

For instance,

• In February 2024, India, the nation that grows the most bananas worldwide, has a surplus of pseudo stems left behind after harvest. Banana pseudo stems, which are often regarded as agricultural trash, have been innovatively converted by scientists at the Institute of Advanced Study in Science and Technology (IASST), an independent institute under the Department of Science and Technology, into an environmentally benign substance for wound dressing.

Segmental Insights

By type, the collagen-based dressings segment dominated the skin repair dressing market in 2023. Materials based on collagen have the potential to heal wounds because of their inherent affinity for the body. Problems such as poor mechanical qualities have prompted the creation of better collagen dressings. The potential of various collagen dressings to speed up wound healing has been investigated.

By type, the alginate dressings segment is expected to grow at the fastest rate in the skin repair dressing market during the forecast period. The segment is growing due to the growing number of surgeries, and alginate dressings are frequently used to cover surgical wounds. The growing geriatric population will further promote the growth of the segment.

By application, the wound healing segment held the largest share of the market and is expected to grow at a faster rate during the forecast period. Wound healing can be needed after surgeries, chronic wounds, burn wounds, or any type of wound. Without dressings, wounds get exposed to pollution, pathogens, chemicals, and other things that can infect the wounded areas and increase the recovery time.

By end-user, the hospitals segment held the dominant share of the skin repair dressing market in 2023 and is estimated to remain dominant during the predicted period. Hospitals are the most common place where patients with all sorts of injuries are admitted. Apart from this, numerous surgeries are conducted in the hospital that require wound dressings for healing.

Recent Developments

• In September 2024, Solventum announced the introduction of the V.A.C.® Peel and Place Dressing, an integrated dressing and drape that patients may wear for up to seven days and apply in less than two minutes.
• In January 2024, the OptiView® Transparent Dressing with HydroCoreTM Technology is the newest product in Medline's advanced wound care portfolio. Medline is the industry leader in skin care products. With its unique transparent design, this first-of-its-kind wound dressing makes it simple and quick for caregivers to see, monitor, and blanch skin while the dressing is in place.
• In October 2023, the newly released DuPont Liveo MG 7-9960 silicone soft skin adhesive (SSA) is a low-cyclic, higher-adhesion product from the technology-based materials and solutions provider DuPont. The unique adhesive is meant to be used in advanced wound care dressings, to affix medical devices to the skin for extended lengths of time, and to remove them with gentleness.

Top Companies in the Skin Repair Dressing Market

• 3M
• Acelity
• Medtronic
• Derma Sciences
• Hollister Incorporated
• Johnson Johnson
• MiMedx Group
• Hollister Incorporated
• Convatec
• Hugel
• Kefu Medical Technology
• Renhe
• CBC Group

Segments Covered in the Report

By type

• Collagen-based Dressings
• Alginate Dressings
• Hydrocolloid Dressings
• Foam Dressings
• Transparent Dressings

By Application

• Wound Healing
• Wound Protection

By End User

• Hospitals
• Clinics
• Home healthcare distributors
• Nursing Homes

By Region

• North America 
  
  • U.S.
  • Canada
• Asia Pacific 
  
  • China
  • Japan
  • India
  • South Korea
  • Thailand
• Europe 
  
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Sweden
  • Denmark
  • Norway
• Latin America 
  
  • Brazil
  • Mexico
  • Argentina
• Middle East and Africa (MEA) 
  
  • South Africa
  • UAE
  • Saudi Arabia
  • Kuwait