PUBLISHER: Grand View Research | PRODUCT CODE: 1433576
PUBLISHER: Grand View Research | PRODUCT CODE: 1433576
The global hydrogel dressing market size is anticipated to reach USD 1.24 billion by 2030 and is anticipated to expand at a CAGR of 4.32% over the forecast period, according to a new report by Grand View Research, Inc. The market growth can be accredited to rising prevalence of chronic wounds globally. The properties of hydrogel-based dressings can be adjusted much more easily compared to conventional chronic wound therapy methods. Moreover, owing to their adaptability and versatility, hydrogel dressings can be loaded with cells, antibacterial, antiviral, and antifungal agents, growth factors, and biomolecules to hasten wound contraction and healing. Furthermore, owing to their ability to create in situ and cytocompatible chemical crosslinking, these dressings may be easily applied to irregular or deep wounds. Thereby, owing to above-mentioned advantages, it is expected to propel the market growth.
Massive research is being conducted to create novel hydrogel products from natural sources such as animal tissues, plant extracts, extracellular matrix, and others. Firms are extensively spending in R&D and are continuously working on achieving positive clinical trial results. For instance, Remedor Biomed Ltd. is conducting clinical studies on a hydrogel containing erythropoietin to treat diabetic foot ulcers. In addition, a variety of peptides are being studied in clinical studies for their wound healing abilities. Thus, rigorous clinical studies to commercialize novel hydrogel dressing products are expected to drive the growth of the market in upcoming years.
The number of burn injuries are rising globally. For instance as per WHO in October 2023, about 180,000 deaths annually are caused by burns globally. Hydrogel dressings offer a potential substitute for cooling burn wounds through the use of running water, especially in situations involving mass casualty disasters, limited access to clean water, hypothermia, or extensive burns. These dressings facilitate the evaporation of accumulated heat in the skin, contributing to more effective healing in burn injuries due to their elevated water content. Therefore, the market is likely to be fueled due to increasing number of burn cases over the forecast period.