Alginate dressing market is anticipated to grow at a significant CAGR of 3.2% during the forecast period. The rising number of acute wounds such as burns and others is the major factor driving the global alginate market growth across the globe. For instance, According to the American Burn Association (ABA), every year more than 450,000 serious burn injuries and cases occur in the US that requires medical treatment. Further, according to US Fire Administration data for 2019, around 1,291,500 fire cases, 3,704 deaths, and 16,600 injuries were reported in the US. In these fires cases, patients require proper treatment in which alginate dressing can be used to heal the wound fast and properly due to various benefits. 

Alginate dressings are light, nonwoven fabrics derived from algae or seaweed. Designed for moderately to heavily exudating wounds, they are highly absorbent, have mild hemostatic properties, reduce bacterial infections, and can stay on the wound bed for days. The treatment of acute and chronic wounds is a pressing need and alginate-based wound dressings offer several advantages when compared to traditional wound dressings. Alginate-based wound dressings exist in the form of hydrogels, films, foams, nanofibers, membranes, sponges, etc. Hence, the increasing number of burn cases and benefits of alginate dressing are boosting the demand in the market.

Segmental Outlook 

The global alginate dressing market is segmented based on type, application, and end-use. Based on type, the market is segmented into antimicrobial and non-antimicrobial. Based on application, the market is sub-segmented into chronic wounds and acute wounds. Based on end-use, the market is segmented into hospitals, home healthcare, and clinics. Among the end-use, the market hospitals sub-segment is expected to hold a prominent share in the market owing to the wide availability of enhanced facilities and equipment used for dressing. 

Based on type the antimicrobial alginate dressing is anticipated to grow at the fastest rate during the forecast period. Owing to the benefits offered such as improved absorption of wound fluid, and the formation of gel to provide a moist environment and minimize bacterial infections the segment is expected to grow significantly. Antimicrobial dressings contain agents that either inhibit or kill the growth or replication of a broad spectrum of microbes. This antimicrobial dressing has silver in it which can manage, and heal the leaking wound quickly. Silver alginate dressing is composed of calcium alginate and silver particles, which can absorb wound exudate and continuously release silver ions in the presence of wound fluid, and it can effectively kill and inhibit the microbial colonization of wounds. Due to these benefits, the antimicrobial dressing segment is growing during the forecast period. For instance, in February 2022, Winner Medical received US FDA market access for its silver alginate dressing to further expand the business in North America and will promote the antimicrobial silver alginate dressing.

Regional Outlooks

The global alginate dressing market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). The market can be analyzed for a particular region or country level as per the requirement. North America is anticipated to grow at the fastest rate during the forecast period owing to the increasing number of road accidents. According to the US Department of Transportation, National Highway Traffic Safety Administration (NHTSA) data, around 38,824 people were killed in motor vehicle traffic crashes on the US roadways in 2020. This represents a 6.8% increase from 36,355 fatalities in 2019 or 2,469 more people killed in traffic crashes in 2020. 

Global Alginate Dressing Market Growth, by Region 2022-2028

The Asia-Pacific Region is Expected to Hold the Considerable Share in the Global Alginate Dressing Market

The Asia-Pacific region is expected to hold a considerable share in the global alginate dressing market during the forecast period. Medical tourism in this region is increasing, which is boosting the number of surgeries performed and further propelling the demand for alginate dressing in the Asia-Pacific region. India’s capability in highly specialized areas of organ transplants, cardiology, oncology, and others has made India an emerging hotspot for medical tourism travel. According to Indian Institute of Public Administration (IIPA) data, in 2019, around 697,453 foreign tourists came to India for medical treatment. Further, with the support of the Government, the industry has recently taken several initiatives for marketing and promoting the Indian healthcare industry in the key markets. For instance, in the Union Budget 2021-22, the Government allocated a sum of $28.0 billion for health and wellbeing, up from the 2020-21 budgetary allocation of $11.8 billion. Indian government with Indian mission new initiative of 2021, aims to establish the “Heal in India” brand in their respective source markets. The Indian Missions will be engaged effectively to take their support in promoting India as medical value travel and wellness destinations.

Market Players Outlook

The major companies serving the global alginate dressing market include 3M, B. Braun Melsungen AG, BSN medical, Inc., Cardinal Health, Inc., Smith & Nephew plc and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in October 2019, 3M acquired Acelity, Inc. and its KCI subsidiaries across the globe. Acelity, Inc. is a leading global medical technology company focused on advanced wound care and speciality surgical applications marketed under the KCI brand. Through this acquisition, the company has accelerateD 3M as a leader in advanced wound care, which is a significant and growing market segment. The business offers a range of integrated solutions that include advanced and acute wound care dressings and products, medical tapes, sterilization products, and patient prep and warming products.

The Report Covers

• Market value data analysis of 2021 and forecast to 2028.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global alginate dressing market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.