The global Hydrogel Dressing Market size is expected to reach USD 894.5 million by 2028, exhibiting a CAGR of 5.1% during the forecast period. The growing cases of diabetic foot ulcers and pressure ulcers will create lucrative opportunities for the market in the forthcoming years, states Fortune Business Insights in a report titled, “Hydrogel Dressing Market, 2021-2028.” The market size stood at USD 622.2 million in 2020.
Key Development:
August 2020: One Equity Partners and The Silverfern Group announced that it had acquired a wound-care company American Medical Technologies (AMT). AMT provides advanced dressings, bedside clinical education and other technologies for clinical and risk management.
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Drivers and Restraints:
Growing Cognizance about the Advantages of Hydrogel Dressings to Incite Development
Hydrogel dressings are gaining popularity because they keep wounds clean by eliminating diseased or necrotic tissues via autolysis when applied to dry wounds and necrotic or sloughing wounds. These dressings provide several advantages, including keeping the wound moist, warm, and closed; they may be used with topical medicines and are excellent for treating all sorts of wounds.
The demand for hydrogel dressings has risen as a result of the above-mentioned benefits, resulting in significant sales growth for the firms. As a result, growing product demand is expected to propel the market during the forecast period.
However, inadequate reimbursement policies and high treatment costs may hinder market growth.
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