Global Alginate Dressings Market 2024 – 2033

Reports Description

According to Custom Market Insights (CMI), The Global Alginate Dressing Market size was estimated at USD 926.4 million in 2022 and is expected to reach USD 961.9 million in 2023 and is expected to hit around USD 1,521.2 Million by 2032, poised to grow at a compound annual growth rate (CAGR) of 5.2% from 2023 to 2032.

Alginate dressing is derived from carbohydrate sources and released by clinical bacterial species.  

It is a natural wound dressing process that can absorb the wound fluid and form gel-like fluids, which helps the wound to protect from bacterial infection, thus, promoting rapid granulation, tissue formation, and re-epithelialization. There are some different examples of alginate dressing that include Comfeel Alginate Dressing (Coloplast), Algosteril (Johnson &Johnson), 

CarrasorbH(Carrington Laboratories), Kaltostat (ConvaTec), and others.

The global alginate dressing market is evolving, and manufacturing companies are now focusing more on strengthening and consolidating R&D activities, thereby increasing the production capacity of alginate dressing thus, driving the market growth by catering to the need for alginate dressing in the healthcare industry.

Growth Factors.

The Growing Use of alginate dressing in the medical and pharmaceutical sectors will aid market growth.

The market growth will drive the substantial rise of acute and chronic wounds due to accidents, diabetes ulcers, and allergic reactions, which has increased the potential sales of an alginate dressing in the market.

The growth of the alginate dressing market is driven by a rise in the population across the globe, an increase in the number of diabetic patients, and substantial growth of diabetic foot ulcers. For instance, according to an article published by AME in September 2017, the Prevalence of diabetic foot ulcers was 18.1%, and the risk of developing diabetic foot ulcers is increased with the duration of diabetes more than 10 years. The Alginate dressing is extensively used in wound healing applications due to its favourable properties, such as biocompatibility and non-toxicity. This is projected to propel the growth of the alginate dressing market in the healthcare industry.

Moreover, an increase in the number of burn injury cases globally leads to the growth of alginate dressing. For instance, according to data published by World Health Organization in March 2018, In India, over 1 000 000 people are moderately or severely burnt every year, and the study shows a substantial growth of bacterial infection after burn injury. These factors together are projected to create remunerative opportunities for the expansion of the alginate dressing market in the future.

Alginate dressing market segmentation.

Alginate dressing Market, segmented by type 

Depending upon the grade, the alginate dressing market is segmented as antibacterial and non-antibacterial.

The antibacterial alginate dressing segment dominated the market in 2021 and is expected to grow over the forecast period. There are several key manufacturing companies actively engaged in the manufacturing of antibacterial alginate dressing products. For instance, HMP Global, Inc. has intruded DermaGinate/Ag and Calcium Alginate Dressing in Antibacterial Silver. It helps in absorbing moderate to heavy exudate, forms soothing gel-like consistency and supports moist wound healing and autolytic debridement. This is anticipated to increase the demand for the antibacterial-based alginate dressing market.

Furthermore, the non-antibacterial alginate dressing segment will show a significant growth rate during the forecast period. Non-antibacterial alginate dressing provides an effective against a broad spectrum of wound pathogens, helps maintain a moist wound surface which is beneficial to wound healing, allows pain-free removal, and minimizes the risk of dressing adherence to the wound bed and fibers shedding. This is anticipated to enhance the demand for alginate dressing in the pharmaceutical industry, thus, creating remunerative opportunities for the market.

Alginate dressing Market, a segment based on the Application

Based on Application, the global alginate dressing market is studied across chronic and acute wounds. It is expected that the global acute wound segment to hold a dominant position during 2022 -2031.

The alginate dressing is extensively used on acute wound infection sites. The rising number of surgical site acute infections has boosted the overall growth of the alginate dressings market. For instance, according to an article published by the National Library of Medicine in February 2019, the Medicare cost for acute and chronic wound treatments ranged from $28.1 billion to $96.8 billion.

The highest expenses were for surgical wounds, followed by diabetic foot ulcers, with a higher trend toward costs associated with outpatient wound care than inpatient. Thus, the demand for alginate dressing will grow for acute wound site application during the forecast period.

Alginate dressing Market, a segment based on the Use

Based on end use, the global alginate dressing market is studied across home healthcare, hospitals, and others. It is expected that the global hospital end-user segment to hold a dominant position during 2022 -2031.

The hospital segment is expected to create the most lucrative end-use industry for the alginate dressing market. The factors such as the growing population across the globe, rise in several diseases, and government initiation & investment in the healthcare industry are significantly booming the overall growth of the alginate dressing where it is used as an antibacterial, antifungal, and disinfectant agent for treating acute and chronic wound infections.

Moreover, the increased ageing population across the globe and the rising number of diseases and surgical procedures has escalated the overall demand for alginate dressing. For instance, according to an article published by National Medicine Library, the amount of procedure-based work in general surgery is expected to grow by 13% by 2010 and 31% by 2020. These factors are expected to increase the overall demand for alginate dressing during the outlook period.

Furthermore, the home healthcare segment is also predicated on significant growth during the forecast period. The factors such as the rise in population, increase in post-surgical care, rising number of home healthcare services and good response from the paint for the home care services have spurred the overall alginate dressing market. This is projected to enhance the demand for alginate dressing in-home care services.

Report Scope

Regional Insights

Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

North America is the dominant region in the alginate dressing market. This region is also anticipated to maintain its dominance throughout the forecast period. This is attributed to the rising population, increased chronic, and acute wounds during post-operative procedures, and increased number of diabetic patients have augmented the overall demand for alginate dressing.

For instance, according to an article published by the centers for disease control and Prevention, a total of 37.3 million people have diabetes which is 11.3% of the US population, and 28.7 million people, including 28.5 million adults, are diagnosed with diabetes. These factors are projected to increase the overall demand for alginate dressings. In response to this, an increase in the number of acute and chronic wounds in post-surgical patients in countries such as Canada and Mexico has spurred overall market growth.

The Asia-Pacific region also accounted major share of the alginate dressings market. Countries such as China, Japan, India, and others have significantly contributed to the region’s growth of the alginate dressing market. Key factors for the growth of pharmaceutical, healthcare, home healthcare services, and other end-use industries have surged the demand for alginate dressing.

Furthermore, the pharmaceutical sector is one of the booming sectors in India. For instance, according to a report published by NITI Aayog in March 2021, India’s healthcare industry has been growing at a Compound Annual Growth Rate (CAGR) of around 22% since 2016. This rate is expected to reach USD 372 billion in 2022. These factors together increase the usage of an alginate dressing in the growing healthcare industry as an antibacterial, disinfectant, and preservative in various healthcare products.

Moreover, the increased number of accidental cases and the rising number of diabetic patients in China has enhanced the demand for the alginate dressing market.

The Europe region has shown considerable growth due to the strong presence of the medical industry, where alginate dressing is used in the formulation of various wound care products as it is an excellent source of antibacterial, antifungal, and disinfectant agents, and it helps in healing the care products by reducing the growth of microorganism.

Key Players

• 3M
• Cardinal Health
• Molnlycke Health Care AB
• Medline Industries, Inc
• Smith & Nephew Plc
• ConvaTec Group Plc
• Coloplast A/S
• BSN medical GmbH
• Paul Hartmann AG
• Braun
• Melsungen AG
• Mölnlycke Health Care
• Hollister Incorporated
• Others

COVID-19 Analysis

The novel coronavirus is an incomparable global pandemic that has spread to over 180 countries and caused huge losses to lives and the economy around the globe.

The alginate dressing market has had little impact due to the wake of the COVID-19 pandemic, owing to the rise in cases of COVID-19, implementation of emergency protocols and shutdown of various operations and facilities have been observed during 2020.

Due to the spread of the coronavirus pandemic, the manufacturer has faced challenges in terms of operation and supply chain due to government restrictions during the lockdown.

However, the alginate dressing market faced difficulties with material supply chain disruptions, and labor shortages, in 2020.

Furthermore, to control the surge of novel coronavirus cases, there is a drastic shift of investments from other sectors toward the cosmetics sector. Also, several alginate dressing-based product manufacturing companies have either shut down or shrunk their operations due to the risk of infection among the workforce.

This has temporarily hampered the demand and supply chain of the alginate dressing market. In addition, the falling income of customers has led contraction in the demand for glasses, refractory materials, and others during the COVID-19 period.

In the first quarter of 2021, the market for alginate dressing has experienced an increase in the demand for alginate dressing chemicals in pharmaceutical, healthcare, and other end-use industry worldwide, compared to that in 2020.

Segments covered in the report:

• Type Outlook 
  • Antimicrobial
  • Non-antimicrobial
• Application Outlook 
  • Acute Wounds
    • Surgical & Traumatic Wounds
    • Burns
  • Chronic Wounds
    • Diabetic Foot Ulcers
    • Pressure Ulcers
    • Venous Leg Ulcers
    • Other Chronic Wounds
• End-use Outlook 
  • Hospitals
  • Specialty Clinics
  • Home Healthcare
  • Others

On the basis of Geography

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America