Key Market Indicators
The market for wound dressings is projected to experience a slight decline over the next five years. According to recent data, the sector is expected to reach approximately $1.18 billion by 2028, down from around $1.24 billion in 2023. This represents a compound annual growth rate (CAGR) decrease of 0.8%. The demand for wound dressings has already been on a downward trend, showing a year-on-year decrease of 1.4%. Despite the overall decline, certain countries maintain strong positions in the market. In the global ranking for wound dressing consumption, China holds the second spot, followed by Japan in third place and the United Kingdom in fourth.
