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27-Dec-2023

Advancements in Wound Care Technology Propelling Surgical Dressing Market to Surpass USD 2.7 billion by 2031, Report

The surgical dressing market size was valued at $1.8 billion in 2021, and is estimated to reach $2.7 billion by 2031, growing at a CAGR of 4.1% from 2022 to 2031.

  • CAGR: 4.1%
  • Current Market Size: USD 2,7 Billion
  • Fastest Growing Region: APAC
  • Largest Market: North America
  • Projection Time: 2022-2031
  • Base Year: 2022

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The growth of the surgical dressing market is propelled by various trends, including a global increase in surgical procedures, a rising prevalence of chronic conditions necessitating frequent surgeries, and ongoing advancements in wound care technology. The adoption of surgical dressing in healthcare for effective wound care management is on the rise, driven by continuous improvements in surgical dressing products.

The surgical dressing market is divided into primary dressing and secondary dressing categories based on the type of dressing. In 2021, the primary dressing segment demonstrated the highest revenue growth and is expected to maintain the fastest growth rate throughout the forecast period in the surgical dressing market. This surge is attributed to the growing demand for primary surgical dressings in the management of post-operative wounds. The increased global incidence of surgeries has led to a heightened need for primary surgical dressings in wound care. Furthermore, advancements in primary surgical dressings have enhanced their effectiveness in promoting wound healing and preventing infections, thereby driving increased adoption in wound care management.

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Covid19 Impact on Surgical Dressing Market 

  • The emergence of the COVID-19 pandemic wrought significant disruptions across the global healthcare sector, precipitating temporary closures in various healthcare sub-domains. Within this context, the worldwide surgical dressing industry was also adversely affected by the pandemic’s ramifications. A substantial decline in non-COVID-19 patient visits to hospitals for ailments and treatments was observed, leading to a sharp reduction in the demand for surgical dressings.
  • Furthermore, the postponement of numerous surgical procedures during the pandemic further contributed to the dwindling demand for surgical dressing products. The disruption of supply chains across multiple end-user sectors, including healthcare, food and beverage, and industrial domains, exacerbated the challenges faced by the surgical dressing industry during this period.
  • However, the market is expected to rebound post-pandemic, with projections indicating a steady recovery and subsequent stable growth in the foreseeable future. This revival is primarily attributed to the gradual resumption of surgical interventions and other essential healthcare procedures in the aftermath of the pandemic’s impact.

In 2021, North America dominated the surgical dressing market, primarily driven by an increase in surgeries and a rise in chronic conditions requiring surgical dressings, especially in the U.S. The region’s growth is further fueled by the adoption of advanced wound care products incorporating innovative technologies. Meanwhile, the Asia-Pacific region is poised for the highest growth in the surgical dressing industry due to its large population, a significant elderly demographic requiring frequent surgeries, and an increasing demand for surgical dressings.

Key Players

  • Johnson and Johnson
  • 3M Company
  • B. Braun SE
  • Essity Aktiebolag AB
  • Coloplast
  • Organogenesis Holdings Inc.
  • Molnlycke Health Care AB
  • Smith and Nephew plc.
  • Cardinal Health Inc.
  • Convatec Group PLC

 

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Editor Details

  • Company:
    • The Wire Times
Last Updated: 27-Dec-2023