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Global Surgical Dressing Market to Grow at a CAGR of 5.8% During 2022-2027, Aided by the Rising Application of Surgical Dressing in the Diabetes Based Surgeries

According to a new report by EMR titled, ‘Global Surgical Dressing Market Report and Forecast 2022-2027’, the market attained a value of around USD 4.1 billion in 2021. The industry is further expected to grow at a CAGR of 5.8% between 2022 and 2027 to reach a value of over USD 5.8 billion by 2027.

The surgical dressing industry is driven by the increasing application of surgical dressing in diabetes-based and cardiovascular disease-based surgeries. The surgical dressing is of immense importance, as it prevents the wound from further damage and protects bacterial contamination of the same. Therefore, the rising cases of injuries which may lead to chronic wound, growing prevalence of ulcers and burns, and the rising cases of diabetes and cardiovascular disorders are likely to be the major driving factors for the surgical dressing industry growth.

In August 2021, Medtronic PLC (NYSE: MDT) announced the complete acquisition of Intersect (ENT (NASDAQ: XENT), a global medical technology leader dedicated to towards the transformation of patient care. Under this acquisition, the two companies are likely to combine their products and aim towards bolstering the surgical facilities in hospitals and strengthen their portfolios. Meanwhile in January 2021, Smith+Nephew. (NYSE: SNN) announced the acquisition of Extremity Orthopaedics business of Integra LifeSciences Holding Corporation (NASDAQ: IART) for $240 million.

In terms of region, North America is likely to account for a significant share in the market, owing to the rising healthcare expenditure in the United States and Canada. The rising cases of chronic wounds and trauma wounds in the countries has led to a significant increase in demand for surgical dressing. Over the forecast period, the advancements in the home healthcare sector in the region is anticipated to bolster the surgical dressing industry growth.

Market Breakup by Product, Application, End-Use, and Region:

  • The market is segmented based on product into primary dressing and secondary dressing, among others. Primary dressing is further subdivided into film dressing, alginates, soft silicone dressing, composite dressings, hydrogels, hydrocolloids dressing, and foam dressing. Meanwhile, the secondary dressing segment is further subdivided into absorbents, bandage, adhesive tapes, and protectives, among others.
  • The significant applications of surgical dressing include diabetes based surgeries, cardiovascular diseases (CVDs) based surgeries, ulcers, burns, and transplant surgeries, among others.
  • The major end-uses of surgical dressing include hospitals, speciality clinics, ambulatory surgery centres (ASC), and home healthcare.
  • Region-wise, the global market for surgical dressing can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for surgical dressing is being driven by its rising application in diabetes-based and cardiovascular disease-based surgeries. The rising cases of diabetes and cardiovascular-related problems is supporting the market.
  • The rising demand for surgical dressing to prevent the risks of bacterial contamination is likely to propel the market growth.
  • The market is expected to be augmented by the rising healthcare expenditure in the emerging economies of the world.
  • The rising cases of accidents, which may lead to trauma or chronic wounds, are likely to aid the market.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for surgical dressing for the periods (2017-2021) and (2022-2027).
  • The report also offers historical (2017-2021) and forecast (2022-2027) market information for the    products, applications, end-uses, and major regions of surgical dressing.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global surgical dressing market are Medline Industries, Inc., Medtronic, Smith+Nephew., 3M Co., Cardinal Health, Inc., and Mölnlycke Health Care AB, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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