Authored By: Sarah
27 Aug 2024

Surgical Dressing Market Size to grow by USD 798 million between 2024-2028

Technavio, a leading provider of market research reports, has released its latest study on Surgical Dressing Market. This report offers a comprehensive analysis of the current market trends, emerging opportunities, and key challenges. In developed countries such as the US, Canada, the UK, France, and Germany, the prevalence of Ambulatory Surgery Centers (ASCs) is significant. These centers, also referred to as outpatient surgical facilities, offer cost-effective, same-day surgical care for procedures that do not necessitate hospitalization. Patients undergo surgeries in fully-equipped operating rooms, benefiting from shorter recovery periods and reduced healthcare costs. According to Medicare data, common specialties utilizing ASCs include gastrointestinal, ophthalmology, neurology, orthopedic, urology, and dermatology. This trend is expanding to developing countries like India and China, as they implement ASCs to alleviate the burden on physician clinics and hospitals.

Key Highlights

Growth Projections

The global surgical dressing market  size is estimated to grow by USD 798 mn from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  4.5% during the forecast period. Growing prevalence of chronic diseases is driving market growth, with a trend towards growing number of ambulatory surgery centers (ascs)  However, high cost of healthcare services  poses a challenge.Key market players include 3M Co., ACell Inc., Advancis Medical, B.Braun SE, Beiersdorf AG, Brightwake Ltd., Cardinal Health Inc., Coloplast AS, ConvaTec Group Plc, Covalon Technologies Ltd., DeRoyal Industries Inc., Essity AB, Hollister Inc., Integra Lifesciences Corp., Johnson and Johnson Services Inc., MiMedx Group Inc., Molnlycke Health Care AB, Paul Hartmann AG, Smith and Nephew plc, and Wright Medical Group NV.

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Major Findings

  • Growing prevalence of chronic diseases
  • Increasing in organ transplant globally
  • High cost of healthcare services
  • Lack of skilled professionals to perform surgeries

Market Research Overview:

The global healthcare supplies market, a segment of the larger healthcare industry, encompasses businesses and research entities specializing in the development of medical consumables. These products cater to the diagnosis and treatment of diverse diseases. According to Technavio, the market size is determined by the collective revenue generated by manufacturers of medical supplies, including syringes, drapes, gloves, and gowns. Key growth drivers for this market include the increasing elderly population: by 2050, nearly one-quarter of the US population and Europe's population is projected to be aged 60 or above.

The Surgical Dressing Market is experiencing significant growth, fueled by the Growing prevalence of chronic diseases. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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Regional Insights

The Surgical Dressing Market represents a significant business opportunity, driven by the increasing number of surgical procedures worldwide. Advanced technologies, such as hydrocolloids, foams, and films, are fueling market growth. Key players focus on product innovation and strategic collaborations to expand their market share. Regulatory compliance and cost-effectiveness are critical factors influencing market trends. Overall, the Surgical Dressing Market is poised for robust growth, driven by technological advancements and rising healthcare expenditures.

Research Analysis Overview

The Surgical Dressing Market encompasses a wide range of specialized dressings used in both acute and chronic wounds resulting from surgical procedures. These dressings include moist wound dressings, which maintain a moist environment to promote healing, and antimicrobial dressings that protect against infection from dirt and bacteria. Moist wound dressings are particularly important in complex surgeries such as tummy tucks, liposuction, and other body-focused procedures, where the incisions are large and the risk of infection is high. Surgical dressings are essential in post-operative care, ensuring that wounds remain clean and protected during the healing process. Medical technology continues to advance, leading to the development of innovative surgical dressings. Alginate dressings, foam dressings, film dressings, hydrocolloids dressings, and hydrogels dressings are just a few examples of the specialized dressings available. These dressings vary in their ability to manage moisture levels, protect against infection, and promote wound healing. Surgical dressings are not only used in cosmetic surgeries but are also crucial in managing wounds from injuries and surgical incisions. Sterile material, such as gauze, is still used in some cases, but advanced dressings offer superior benefits and are increasingly preferred in medical settings. The Surgical Dressing Market is expected to grow as the demand for effective wound care solutions continues to increase.

About Technavio                                                                        

Technavio is a global market research company offering comprehensive reports and insights on various industries. Our research helps businesses make informed decisions by providing actionable data and trends. Technavio is based on four simple principles: easy-to-access reports, robust industry coverage, a focus on new and emerging technologies, and competitive pricing. We believe in helping companies and executives become better equipped to make faster, sounder, and more effective decisions. Technavio is one of the most influential market research and advisory firms in the world. We work with business and technology leaders to provide cutting-edge market research and insights to companies. 

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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