Report Overview

Increasing incidences of chronic and acute wounds is a major factor driving the Asia-Pacific advanced wound dressings market. Rising investments in improving healthcare infrastructure, rapidly growing geriatric population, and prevalence of skin ulcers, tissue necrosis, and diabetic foot ulcers are some of the factors propelling the Asia-Pacific Advanced wound dressing market. The prevalence of diabetes, along with an increase in the number of people diagnosed with diabetes, which is another major cause of comorbidity related to chronic diseases. As a result, wound care has become more important following surgery, injury, or sickness.

 

Asia-Pacific Advanced Wound Dressings Market - Industry Trends & Forecast Report 2028 

The Asia-Pacific Advanced Wound Dressings market was USD 1,153.6 million in 2021 and is anticipated to reach USD 1,774.5 million by 2028 at a CAGR of 6.4% during the forecast period of 2022-2028. The growth of the Asia-Pacific advanced wound dressings market can be attributed to increasing incidences of chronic and acute wounds. Rising investments in improving healthcare infrastructure, rapidly growing geriatric population, and prevalence of skin ulcers, tissue necrosis, and diabetic foot ulcers are some of the factors propelling the growth of the Asia-Pacific Advanced wound dressing market. Also, the number of people diagnosed with diabetes is another major cause of comorbidity related to chronic diseases. As a result, wound care has become more important following surgery, injury, or sickness and plays an active role in driving the market growth during the forecast period 2022-2028.

 

Advanced Wound Dressings - Overview 

Wound dressings are materials used to cover wounds. The primary functions of the wound dressings have been to avoid strike-through and to protect the wound site from contamination and further injuries. Advanced wound care therapies are defined as interventions used when standard wound care has failed. A large and growing array of advanced wound care therapies of different compositions and indications have been developed through their efficacy and comparative effectiveness. The increasing prevalence of chronic wounds, including venous leg ulcers, acute wounds, and diabetic foot ulcers in developing Asia Pacific countries, will help grow the market. Increasing cases of traumatic, surgical wounds will increase the number of patients undergoing wound care treatment. Also, the growing preference for advanced wound care over traditional wound care owing to faster healing and efficiency in management will augment the market's growth in the Asia-Pacific region.

Asia-Pacific Advanced Wound Dressings Market

Growth Drivers 

Rising Prevalence of Chronic Diseases

The Asia-Pacific region is at the top in number of the diabetic patient. Currently, more than 30 million people with diabetes in the Western Pacific region alone, and the number will be rising dramatically by the year 2025 predicted by the World Health Organization, where India and China may each face the problem of dealing with 50 million affected individuals. With the rising prevalence of Diabetic conditions and other chronic diseases, the number of surgeries performed will be increased. The use of Wound care products that are being used to prevent surgical site infections will increase. Most surgical wounds are relatively large and deep and require regular care. To manage large wounds, advanced wound dressing products such as hydrogel, alginate, and foam help which significantly reduce the risk of infection. Rising chronic diseases in the forecast period are expected to boost the demand for advanced wound care products, thus escalating the market growth.

Increasing geriatric population

The Asia-Pacific region is estimated to be a potential market for wound dressing due to the growing aging population coupled with the increasing prevalence of ulcers. Those ulcers are largely prevented by using effective treatment, part of which includes the usage of medical tapes & bandages over the ulcer wound; those tend to drive the growth of the overall market during the forecast period.

In addition to that, the growing aging population is highly susceptible to diabetes and the chance of having diabetic foot ulcers as compared to a non-diabetic patient is high. According to an article published by the International Diabetes Federation (IDF) in 2020, an estimated 7.3 million adults in Japan have diabetes, with an estimated prevalence rate of 7.9%. Such statistics, coupled with new product launches, are assumed to increase market growth in this region.

Growth Restraint

 

High Costs of treatment and inadequate reimbursement

Reimbursement issues and cost issues serve as factors that hinder the market in the Asia-Pacific region. The high cost of advanced wound care and inadequate reimbursement restrict the market growth during the forecast period. Higher out-of-pocket expenditure associated with these products and limited reimbursement for these critical products is lowering the adoption of these products in the Asian market.

Impact of COVID-19 on the Asia-Pacific Advanced Wound Dressings Market

The negative impact of the COVID-19 pandemic on the healthcare market has been observed in both developed and developing countries. Governments in several Asian countries have imposed widespread restrictions, such as national blockades, to limit the spread of the infection. This has led to a sharp reduction in outpatient visits for non-essential or non-critical medical procedures. However, increasing this type of dressing in-home care has minimized its impact on the Asian market. In addition, with a robust supply chain and limited support required for use, COVID-19 has a moderate impact on adoption. Therefore, at this time, the negative impact of the pandemic on the Asia-Pacific market is expected to be limited.

Asia-Pacific Advanced Wound Dressings Market– By Product

Based on the product, the Asia-Pacific advanced wound dressings market can be segmented into the following: Foam Dressings, Hydrocolloid Dressings, Film Dressings, Alginate Dressings, Hydrogel Dressings, Collagen Dressings, and Other Advanced Dressings. The Alginate dressings segment is expected to register the highest CAGR in 2021. The reason for the strong growth of the segment is the combination of the bandage's excellent absorbency and the bandage's maintenance of a moist environment at the wound site, which promotes faster and more efficient healing. Antimicrobial dressings are expected to represent the largest segment during the prediction period.

Competitive Landscape

Key players operating in Asia-Pacific Advanced Wound Dressings Market are 3M Co., B. Braun Melsungen AG, Bostik (An Arkema Company), Cardinal Health and Coloplast, ConvaTec Group, Goldwin Medicare Ltd., Integra Lifesciences, JK Medirise, Johnson & Johnson, Services, Inc., Kawamoto Corp., KMS GROUP, Libatape Pharmaceutical Co., Ltd., Medipack, Medtronic, Mimedx Group, Mölnlycke Health Care, Nitto Denko Corp., PerSys Medical, Smith & Nephew PLC, Smith & Nephew, Symbio, Inc., Triage Meditech Pvt. Ltd, and Yoniner Group Co., Ltd.

The Asia-Pacific Advanced Wound Dressings Market is highly fragmented, with the presence of several manufacturing companies. Leading players in the field of wound care include Smith & Nephew, 3M Health Care, Mölnlycke, Coloplast, and ConvaTec. Small businesses such as Systagenix (now part of Acelity), Medline, and Urgo also play a key role in developing their brands and technologies. The most reputable and aggressive wound care companies offer a broad portfolio of products that capture the big picture of wound management and address different aspects of healthy healing. These companies also support new wound healing techniques such as Negative Pressure Wound Therapy (NPWT), which promotes faster recovery and healing time. In addition, wound care companies are using merger acquisitions, internal R & D, and new partnerships to grow their businesses, especially in emerging markets.

Recent Development

• May 2021 - Arch Therapeutics, Inc, introduced Symposium AC5 advanced wound system in 2021. U.S. Food and Drug Administration authorized the marketing system, which is now commercially available in Asia Pacific Region.

 

• July 2020- the University of South Australia begins developing new coatings containing unique antioxidants that can be applied to any wound dressing to reduce wound inflammation, eliminate infections and help wound healing faster.

 

• April 2020- BandGrip and Medline announce exclusive sales, marketing, and distribution agreements. Because Medline offers patient-centric solutions, this exclusive partnership enhances the postoperative patient experience.

 

Scope of the Report

 

Attributes	Details
Years Considered	Historical data – 2018-2021
	Base Year – 2021
	Estimated Year - 2022
	Forecast – 2022 – 2028
Facts Covered	Revenue in USD Million
Market Coverage	Asia Pacific (Singapore, Malaysia, Japan, China, India, South Korea, Australia, Rest of APAC)
Product Service/Segmentation	By Product, By Application, By End-Use, By Country
Key Players	3M Co., B. Braun Melsungen AG, Bostik (An Arkema Company),Cardinal Health and Coloplast, ConvaTec Group, Goldwin Medicare Ltd., Integra Lifesciences, JK Medirise, Johnson & Johnson, Services, Inc., Kawamoto Corp., KMS GROUP, Libatape Pharmaceutical Co., Ltd., Medipack, Medtronic, Mimedx Group, Mölnlycke Health Care, Nitto Denko Corp., PerSys Medical, Smith & Nephew PLC, Smith & Nephew, Symbio, Inc., Triage Meditech Pvt. Ltd, Yoniner Group Co., Ltd

 

 

By Product

• Foam Dressings
• Hydrocolloid Dressings
• Film Dressings
• Alginate Dressings
• Hydrogel Dressings
• Collagen Dressings
• Other Advanced Dressings

By Application

• Chronic Wounds
  • Diabetic Foot Ulcers
  • Pressure Ulcers
  • Venous Leg Ulcers
  • Other Chronic Wounds
• Acute Wounds
  • Surgical & Traumatic Wounds
  • Burns

By End-use

• Hospitals
• Specialty Clinics
• Home Healthcare
• Others

By Country

• Singapore
• Malaysia
• Japan
• China
• India
• South Korea
• Australia
• Rest of APAC

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Research Methodology
   1. Qualitative Research
      1. Primary & Secondary Research
   2. Quantitative Research
   3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
   4. Breakdown of Primary Research Respondents, By Region
   5. Assumption & Limitation
3. Executive Summary
4. Asia-Pacific Advanced Wound Dressings Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   3. Technological Advancement/Recent Development
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
5. Asia-Pacific Advanced Wound Dressings Market Overview
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product
         1. Foam Dressings
         2. Hydrocolloid Dressings
         3. Film Dressings
         4. Alginate Dressings
         5. Hydrogel Dressings
         6. Collagen Dressings
         7. Other Advanced Dressings
      2. By Application
         1. Chronic Wounds
            1. Diabetic Foot Ulcers
            2. Pressure Ulcers
            3. Venous Leg Ulcers
            4. Other Chronic Wounds
         2. Acute Wounds
            1. Surgical & Traumatic Wounds
            2. Burns
      3. By End-Use
         1. Hospitals
         2. Specialty Clinics
         3. Home Healthcare
         4. Others
      4. By Country
         1. Singapore
         2. Malaysia
         3. Japan
         4. China
         5. India
         6. South Korea
         7. Australia
         8. Rest of Asia-Pacific
6. Singapore Advanced Wound Dressings Market
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product Type
      2. By End-Use
      3. By Application
7. Malaysia Advanced Wound Dressings Market
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product Type
      2. By End-Use
      3. By Application
8. Japan Advanced Wound Dressings Market
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product Type
      2. By End-Use
      3. By Application
9. Australia Advanced Wound Dressings Market
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product Type
      2. By End-Use
      3. By Application
10. China Advanced Wound Dressings Market
    1. Market Size & Forecast by Value, 2018-2028
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Product Type
       2. By End-Use
       3. By Application
11. India Advanced Wound Dressings Market
    1. Market Size & Forecast by Value, 2018-2028
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Product Type
       2. By End-Use
       3. By Application
12. South Korea Advanced Wound Dressings Market
    1. Market Size & Forecast by Value, 2018-2028
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Product Type
       2. By End-Use
       3. By Application
13. Rest of Asia-Pacific Advanced Wound Dressings Market
    1. Market Size & Forecast by Value, 2018-2028
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Product Type
       2. By End-Use
       3. By Application
14. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share Analysis, 2021
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Development (Merger, Acquisition, Partnership.)
15. Impact of Covid-19 on Asia-Pacific Advanced Wound Dressings Industry
16. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
    1. 3M Co.
    2. B. Braun Melsungen AG
    3. Bostik (An Arkema Company)
    4. Cardinal Health and
    5. Coloplast,
    6. ConvaTec Group,
    7. Goldwin Medicare Ltd.
    8. Integra Lifesciences, 
    9. JK Medirise
    10. Johnson & Johnson Services, Inc.
    11. Kawamoto Corp.
    12. KMS GROUP
    13. Libatape Pharmaceutical Co., Ltd.
    14. Medipack
    15. Medtronic,
    16. Mimedx Group,
    17. Mölnlycke Health Care
    18. Nitto Denko Corp.
    19. PerSys Medical
    20. Smith & Nephew PLC
    21. Smith & Nephew,
    22. Symbio, Inc.
    23. Triage Meditech Pvt. Ltd.
    24. Yoniner Group Co., Ltd
    25. Other prominent players

 

17. Key Strategic Recommendations

 

*Financial information in case of non-listed companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

 

 

List Of Figures

 

Figure 1        Asia-Pacific Advanced Wound Dressings Segmentation

Figure 2        Asia-Pacific Advanced Wound Dressings Market Value Chain Analysis

Figure 3        Company Market Share Analysis, 2021

Figure 4        Asia-Pacific Advanced Wound Dressings Market Size, By Value (USD Million), 2018-2028

Figure 5        Asia-Pacific Advanced Wound Dressings Market Share, By Product Type, By Value, 2018-2028

Figure 6        Asia-Pacific Advanced Wound Dressings Market Share, By End-Use, By Value, 2018-2028

Figure 7        Asia-Pacific Advanced Wound Dressings Market Share, By Application, By Value, 2018-2028

Figure 8        Singapore Advanced Wound Dressings Market Size, By Value (USD Million), 2018-2028

Figure 9        Singapore Advanced Wound Dressings Market Share, By Product Type, By Value, 2018-2028

Figure 10       Singapore Advanced Wound Dressings Market Share, By End-Use, By Value, 2018-2028

Figure 11       Singapore Advanced Wound Dressings Market Share, By Application, By Value, 2018-2028

Figure 12       Malaysia Advanced Wound Dressings Market Size, By Value (USD Million), 2018-2028

Figure 13       Malaysia Advanced Wound Dressings Market Share, By Product Type, By Value, 2018-2028

Figure 14       Malaysia Advanced Wound Dressings Market Share, By End-Use, By Value, 2018-2028

Figure 15       Malaysia Advanced Wound Dressings Market Share, By Application, By Value, 2018-2028

Figure 16       The Japan Advanced Wound Dressings Market Size, By Value (USD Million), 2018-2028

Figure 17       The Japan Advanced Wound Dressings Market Share, By Product Type, By Value, 2018-2028

Figure 18       The Japan Advanced Wound Dressings Market Share, By End-Use, By Value, 2018-2028

Figure 19       The Japan Advanced Wound Dressings Market Share, By Application, By Value, 2018-2028

Figure 20       China Advanced Wound Dressings Market Size, By Value (USD Million), 2018-2028

Figure 21       China Advanced Wound Dressings Market Share, By Product Type, By Value, 2018-2028

Figure 22       China Advanced Wound Dressings Market Share, By End-Use, By Value, 2018-2028

Figure 23       China Advanced Wound Dressings Market Share, By Application, By Value, 2018-2028

Figure 24       The India Advanced Wound Dressings Market Size, By Value (USD Million), 2018-2028

Figure 25       The India Advanced Wound Dressings Market Share, By Product Type, By Value, 2018-2028

Figure 26       The India Advanced Wound Dressings Market Share, By End-Use, By Value, 2018-2028

Figure 27       The India Advanced Wound Dressings Market Share, By Application, By Value, 2018-2028

Figure 28       The South Korea Advanced Wound Dressings Market Size, By Value (USD Million), 2018-2028

Figure 29       The South Korea Advanced Wound Dressings Market Share, By Product Type, By Value, 2018-2028

Figure 30       The South Korea Advanced Wound Dressings Market Share, By End-Use, By Value, 2018-2028

Figure 31       The South Korea Advanced Wound Dressings Market Share, By Application, By Value, 2018-2028

Figure 32       Australia Advanced Wound Dressings Market Size, By Value (USD Million), 2018-2028

Figure 33       Australia Advanced Wound Dressings Market Share, By Product Type, By Value, 2018-2028

Figure 34       Australia Advanced Wound Dressings Market Share, By End-Use, By Value, 2018-2028

Figure 35       Australia Advanced Wound Dressings Market Share, By Application, By Value, 2018-2028

Figure 36       Rest of Asia-Pacific Advanced Wound Dressings Market Size, By Value (USD Million), 2018-2028

Figure 37       Rest of Asia-Pacific Advanced Wound Dressings Market Share, By Product Type, By Value, 2018-2028

Figure 38       Rest of Asia-Pacific Advanced Wound Dressings Market Share, By End-Use, By Value, 2018-2028

Figure 39       Rest of Asia-Pacific Advanced Wound Dressings Market Share, By Application, By Value, 2018-2028

 

List Of Tables

 

Table 1         Asia-Pacific Advanced Wound Dressings Segmentation

Table 2         Asia-Pacific Advanced Wound Dressings Market Value Chain Analysis

Table 3         Company Market Share Analysis, 2021

Table 4         Asia-Pacific Advanced Wound Dressings Market Size, By Value (USD Million), 2018-2028

Table 5         Asia-Pacific Advanced Wound Dressings Market Share, By Product Type, By Value, 2018-2028

Table 6         Asia-Pacific Advanced Wound Dressings Market Share, By End-Use, By Value, 2018-2028

Table 7         Asia-Pacific Advanced Wound Dressings Market Share, By Application, By Value, 2018-2028

Table 8         Singapore Advanced Wound Dressings Market Size, By Value (USD Million), 2018-2028

Table 9         Singapore Advanced Wound Dressings Market Share, By Product Type, By Value, 2018-2028

Table 10        Singapore Advanced Wound Dressings Market Share, By End-Use, By Value, 2018-2028

Table 11        Singapore Advanced Wound Dressings Market Share, By Application, By Value, 2018-2028

Table 12        Malaysia Advanced Wound Dressings Market Size, By Value (USD Million), 2018-2028

Table 13        Malaysia Advanced Wound Dressings Market Share, By Product Type, By Value, 2018-2028

Table 14        Malaysia Advanced Wound Dressings Market Share, By End-Use, By Value, 2018-2028

Table 15        Malaysia Advanced Wound Dressings Market Share, By Application, By Value, 2018-2028

Table 16        The Japan Advanced Wound Dressings Market Size, By Value (USD Million), 2018-2028

Table 17        The Japan Advanced Wound Dressings Market Share, By Product Type, By Value, 2018-2028

Table 18        The Japan Advanced Wound Dressings Market Share, By End-Use, By Value, 2018-2028

Table 19        The Japan Advanced Wound Dressings Market Share, By Application, By Value, 2018-2028

Table 20        China Advanced Wound Dressings Market Size, By Value (USD Million), 2018-2028

Table 21        China Advanced Wound Dressings Market Share, By Product Type, By Value, 2018-2028

Table 22        China Advanced Wound Dressings Market Share, By End-Use, By Value, 2018-2028

Table 23        China Advanced Wound Dressings Market Share, By Application, By Value, 2018-2028

Table 24        The India Advanced Wound Dressings Market Size, By Value (USD Million), 2018-2028

Table 25        The India Advanced Wound Dressings Market Share, By Product Type, By Value, 2018-2028

Table 26        The India Advanced Wound Dressings Market Share, By End-Use, By Value, 2018-2028

Table 27        The India Advanced Wound Dressings Market Share, By Application, By Value, 2018-2028

Table 28        The South Korea Advanced Wound Dressings Market Size, By Value (USD Million), 2018-2028

Table 29        The South Korea Advanced Wound Dressings Market Share, By Product Type, By Value, 2018-2028

Table 30        The South Korea Advanced Wound Dressings Market Share, By End-Use, By Value, 2018-2028

Table 31        The South Korea Advanced Wound Dressings Market Share, By Application, By Value, 2018-2028

Table 32        Australia Advanced Wound Dressings Market Size, By Value (USD Million), 2018-2028

Table 33        Australia Advanced Wound Dressings Market Share, By Product Type, By Value, 2018-2028

Table 34        Australia Advanced Wound Dressings Market Share, By End-Use, By Value, 2018-2028

Table 35        Australia Advanced Wound Dressings Market Share, By Application, By Value, 2018-2028

Table 36        Rest of Asia-Pacific Advanced Wound Dressings Market Size, By Value (USD Million), 2018-2028

Table 37        Rest of Asia-Pacific Advanced Wound Dressings Market Share, By Product Type, By Value, 2018-2028

Table 38        Rest of Asia-Pacific Advanced Wound Dressings Market Share, By End-Use, By Value, 2018-2028

Table 39        Rest of Asia-Pacific Advanced Wound Dressings Market Share, By Application, By Value, 2018-2028

Table 40        3M Co. Company Overview

Table 41        3M Co. Financial Overview

Table 42        B. Braun Melsungen AG Company Overview

Table 43        B. Braun Melsungen AG Financial Overview

Table 44        Bostik (An Arkema Company) Company Overview

Table 45        Bostik (An Arkema Company) Financial Overview

Table 46        Cardinal Health Company Overview

Table 47        Cardinal Health Financial Overview

Table 48        Coloplast, Company Overview

Table 49        Coloplast, Financial Overview

Table 50        ConvaTec Group, Company Overview

Table 51        ConvaTec Group, Financial Overview

Table 52        Goldwin Medicare Ltd. Company Overview

Table 53        Goldwin Medicare Ltd. Financial Overview

Table 54        Integra Lifesciences Company Overview

Table 55        Integra Lifesciences Financial Overview

Table 56        JK Medirise Company Overview

Table 57        JK Medirise Financial Overview

Table 58        Johnson & Johnson Services, Inc. Company Overview

Table 59        Johnson & Johnson Services, Inc. Financial Overview

Table 60        Kawamoto Corp. Company Overview

Table 61        Kawamoto Corp. Financial Overview

Table 62        Medtronic Company Overview

Table 63        Medtronic Financial Overview

Table 64        Mimedx Group Company Overview

Table 65        Mimedx Group Financial Overview

Table 66        Mölnlycke Health Care Company Overview

Table 67        Mölnlycke Health Care Financial Overview

Table 68        Nitto Denko Corp. Company Overview

Table 69        Nitto Denko Corp. Financial Overview

Table 70        PerSys Medical Company Overview

Table 71        PerSys Medical Financial Overview

Table 72        Smith & Nephew PLC Company Overview

Table 73        Smith & Nephew PLC Financial Overview

Table 74        Smith & Nephew Financial Overview

Table 75        Smith & Nephew Company Overview

Table 76        Symbio, Inc. Company Overview

Table 77        Symbio, Inc. Financial Overview

Table 78        Triage Meditech Pvt. Ltd. Company Overview

Table 79        Triage Meditech Pvt. Ltd. Financial Overview

Table 80        Yoniner Group Co., Ltd Company Overview

Table 81        Yoniner Group Co., Ltd Financial Overview