Surgical Dressings and Disposables Market Size 2020 by Product Sales, Revenue, Price, Market Share, Growth Opportunity and Forecast to 2027 Research Report
Global Surgical Dressings and Disposables Market Research Report: By Product Type (Surgical Dressings, Disposables) and By End User (Hospitals, Ambulatory surgery centers, Specialty Clinics, Others) – Forecast to 2027
The market for surgical dressing and disposables is likely to expand at a growth rate of 8.20% during the forecast period to grow from the value of USD 5,304 million in 2028. The market is expected to reach a valuation of USD 9.53 billion by the end of the forecast period from 2019 to 2025. The market is gaining traction due to its simplicity and advancements in the products. Additionally, improvements in the products accelerate the healing process by lowering the inflammation and pain, which is augmenting its adoption and fuel market growth.
Wound care propels the healing process, coupled with lowering the risk of associated infections. An increasing number of venous stasis, diabetic pressure, and foot ulcers are boosting demand for surgical dressings and disposables and driving the market growth. The introduction of newer therapies and dressings, such as electrical stimulation, electromagnetic therapy, nanotechnology, is estimated to benefit the market. Furthermore, the emergence techniques of using silver and combination dressings are also driving growth of the global surgical dressings and disposables market.
Additionally, investment in the research and development for the improvement of products is leading to improve surgical dressings and disposables by enhancing the ability to regulate moisture. Additionally, advanced products facilitate gas exchange, wound protection, antibacterial protection, exudate absorption, thermal insulation are boosting the growth of the global surgical dressings and disposables market.
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Competitive Analysis:
Some of the major companies in the global surgical dressings and disposables market include 3M Company, ConvaTec Group PLC, Braun MelSungen AG, Medtronic, Medline Industries, Inc., Smith & Nephew PLC, Colopast Group, Mölnlycke Health Care AB, and Becton, Dickinson, and Company.
Segmentation:
The migraine market is segmented on product type, end user, and region.
On the basis of product type, the surgical dressings and disposables market report is segmented into surgical dressings and disposables. Of these, surgical dressings are segmented into primary surgical dressings and secondary surgical dressings. Primary surgical dressing segment is further sub-segmented into alginates, soft silicone dressings, film dressings, foam dressings, hydrogels. Whereas secondary surgical dressings segment is further sub-segmented into adhesive tapes, consist of bandages, protective, absorbents, and others.
On the basis of the end user, the market report is segmented into ambulatory surgery centers, hospitals, home healthcare, specialty clinics, and others. Among these, the hospitals segment is estimated to be the largest segment in the global surgical dressings and disposables market owing to its highest demand for surgical dressing.
Regional Analysis:
Regionally, the surgical dressings and disposables market is segmented into the Americas, Asia-Pacific, Europe, and Middle East & Africa. Of these, North America is estimated to remain dominant in the global surgical dressings and disposables market in the coming period owing to the higher investment in healthcare in the region. Additionally, increasing number of accidents leading to increasing in cases of chronic wounds as well as a substantial rise in several diabetes and ulcers are fueling growth of the market in the region. However, Asia Pacific is estimated to expand by exhibiting the fastest CAGR owing to the presence of the largest population as well as an increasing number of surgeries over the chronic diseases and wounds in the region. In addition to this, robust investment in the adoption of advanced healthcare in the emerging countries in the region, including India, Thailand, Singapore, and Malaysia, is augmenting growth of the global surgical dressings and disposables market.
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Industry News:
The key players are trying to offer newer products for holding their strong foothold in the market. Newer products in the market are likely to encourage adoption and benefit growth of the market in the coming years.
In 2019, the KCI announced it had received FDA approval for its PREVENA system. It is one of the disposable products to be used for covering and protecting the wound, which creates a negative pressure to drain the wound of fluids.
September 2019, Smith & Nephew announced the U.S. launch of new PICO 7Y Single Use Negative Pressure Wound Therapy System (sNPWT) with AIRLOCK Technology.
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