Surgical Dressing Market Size, Analytical Overview, Growth Factors, Demand and Trends Forecast to 2026
New York,30, Dec 2019: The global surgical dressing market is expected to reach USD 5.2 billion by 2025 with a CAGR of 5.2% from 2018 to 2025 according to a new report by Polaris Market Research. This traction in the market is due to the increase in different types of surgeries such as organ transplant surgeries, cardiovascular surgeries, and other surgeries.
Along with the increased surgeries, the increasing implementation of the Ambulatory Surgery Centers (ASCs) in both developed and developing nations have benefitted this market. These ASCs carry out different surgeries such as urology, orthopedics, reconstructive and gastro intestinal related surgeries, which demand surgical dressing products.
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The major driving factor for this market is the increase in the cardiovascular diseases due to changing lifestyles. It is estimated that by 2020 the cardiovascular diseases (CVDs) would account majorly for health issues of people in the developing countries such as India, China, Malaysia, in the Asia-Pacific region. Similarly, in developed countries such as US and other major countries from Europe, majority of the people suffer from CVDs. This surge is pushing the market for Surgical Dressings.
Another key driver for this market is the increased disease burden of Cardiovascular Diseases (CVD) and the resultant surgeries for the treatment or management of the disease. It was estimated by the American Heart Association (AHA) that 92.1 million adults in the U.S. would suffer from at least one type of CVD by 2017.
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The surgical dressing market is segmented on the basis of product type, application and end-user. On the basis of product type, the global surgical dressing market is segmented into Primary and secondary dressings, among this, primary dressing market is estimated to hold the largest market share in 2017.
On the basis of application, there are various applications for surgical dressings and the application type segment is further broken down into Diabetes based surgeries, Ulcers Surgeries, Burns Surgeries, Transplant Surgeries, Cardiovascular Diseases (CVD) based surgeries, and others. The CVD based surgeries is the fastest growing segment with a growth rate followed by the transplant surgeries and diabetes related surgeries.
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Surgical dressings market is further categorized into by end-user which include hospitals, home healthcare, ambulatory centers, specialty clinics and others. It is estimated that the hospital segment has the largest market share during the forecast period, however, the ambulatory centers is growing with the highest growth rate. The major reason for this traction is due to the increasing adoption of ambulatory centers in the developed and developing regions.
The major players in the surgical dressing market include companies such as 3M, Smith & Nephew, Advancis Medical, Medline Industries, BSN Medical, ConvaTec, Acelity, Medtronic, Alliqua Biomedical, Coloplast, and Mölnlycke Health Care AB.
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