Surgical Dressing Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2030

Published Date : May 2021 | No. of Pages : 250 Pages | Category : Healthcare

The global Surgical Dressing market size is expected to be worth around US$ 15.6 billion by 2030, according to a new report by Vision Research Reports.

The global Surgical Dressing market size was valued at US$ 13.4 billion in 2020 and is anticipated to grow at a CAGR of 15.6% during forecast period 2021 to 2030.

Growth Factors

The increasing organ transplant surgeries, increasing disease burden of lifestyle disorders and widened range and number of Ambulatory Surgical Centers (ASC).

Globally there were 126,670 organ transplant surgeries in 2015, which is approximately 15.0% higher than transplants in 2000, according to the Global Observatory on Donations and Transplantation (GODT) database. This exponential increase in the number of organ transplant surgeries is expected to increase the demand for these products in this vertical.

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.

ASC conducts surgical procedures related to pain management, urology, orthopedics, restorative, reconstructive or alternative plastic surgeries, and Gastrointestinal (GI) related surgeries. Thus, the rising volume and range of ASC are expected to increase the demand for this industry.

Report Highlights

The surgical dressing market is segmented into three types on the basis of products. This segmentation includes primary, secondary, and other dressings. The others segment mainly includes alternative therapies for wound healing such as NPWT. The primary segment holds the largest share for the year 2016 with a share of more than 45.0%.

Film dressings are made from polyurethane sheets, which make them thin, flexible, and transparent. These products act as adhesives. It also provides a moist healing atmosphere to promote wound healing. This type of dressing is not used on exuding wounds, as the adhesive inhibits the film from sticking to the exuding part of the wound. Which protects the wound from mechanical trauma and bacterial infection.

Composite dressings which are the part of primary dressings are the multiple layered, waterproof products. This product normally has three layers, the bottom layer which is made up of semi or non-adherent material which allows water to permeate to the next layer but prevents it from sticking to the granulating tissue.

The others segment which includes NPWT is anticipated to gain substantial share during the forecast period as it is estimated to be growing with a CAGR of around 7.0%. NPWT is expected to gain a market share due to the advantages of the device such as rapid wound healing, increased patient compliance, and decreasing chances of infection in the patient.

This vertical is segmented into diabetes based surgeries, cardiovascular based surgeries, ulcers, burns, transplant sites, and others. The other segment here includes surgical procedures such as accidents related surgeries, and GI-related surgeries. The others segment held the largest market share in 2016 with a share of 28.00% for this segment. The Cardiovascular Disease (CVD) related segment is estimated to be the fastest-growing vertical with a CAGR of 6.0%.

CVD based surgeries are expected to increase due to its increasing disease burden. It has been estimated by the WHO that over 3/4th of the deaths due to CVD occur in developing countries. Thus, countries such as China, Japan are expected to be a potential region for this industry.

Additionally, diabetes-related complications are rising so the number of surgeries associated with them. Dressings such as alginates, hydrogels, antimicrobial agents, adhesive tapes, absorbents may be used in these surgeries. Therefore, the anticipated growth of the market can be attributed to an increase in diabetes based surgeries.

Pressure ulcers are also anticipated to grow at a lucrative rate. There are various types of ulcers that may require surgical procedures for the treatment or management of the disease. These ulcers include pressure ulcers, peptic ulcers, and venous leg ulcers.

The surgical dressing market is segmented into hospitals, specialty clinics, Ambulatory Surgery Centers (ASC), and other healthcare settings. The other healthcare settings include fire stations, police stations, and other emergency response teams.

The hospital segment held the largest market share in 2020 with a share of more than 50.0% for this segment. Hospitals require these products in large quantities as they are required for all surgeries and for all the secondary treatments as well. Hospitals generally issue an open tender offer for the procurement of these products.

The ASC segment is estimated to be the fastest-growing segment with a CAGR of around 6.0%

These centers are increasing in number in developed and developing countries and they reduce the pressure on hospitals and physician clinics. There are approximately 5,229 ASCs that are certified by Medicare.

North America dominated the global market for this vertical in 2020. This may be attributed to increasing lifestyle disorders, increasing awareness about organ transplantation, and a rise in the range and number of ASC.

Asia Pacific is anticipated to witness the fastest growth with a CAGR of 8.0%. This growth may be attributed to increasing medical tourism in this region. Additionally, the penetration of health insurance in this region is anticipated to increase over the forecast period. The number of ASC in this region is also increasing which is anticipated to drive the market for this region.

Key Players

Medline Industries, Inc. Smith & Nephew, Advancis Medical, Acelity, Medtronic, Alliqua Biomedical, Inc., 3M, Coloplast, ConvaTec, Inc., Mölnlycke Health Care AB. The key strategic initiatives include new product launches, mergers and acquisitions, and collaborations.

Market Segmentation

  • Product Outlook 

    • Primary Dressing

      • Film dressing

      • Alginates

      • Soft silicone dressing

      • Composite dressing

      • Hydrogel

      • Hydrocolloid dressing

      • Foam

    • Secondary Dressing

      • Absorbents

      • Bandages

        • Muslin bandage rolls

        • Elastic bandage

        • Triangular bandage

        • Orthopedic bandage

        • Elastic plaster bandage

        • Others bandages

      • Adhesive tapes

      • Protectives

      • Others

    • Others

  • Application Outlook

    • Diabetes based surgeries

    • Cardiovascular diseases based surgeries

    • Ulcers

    • Burns

    • Transplant sites

    • Others

  • End-Use Outlook

    • Hospital

    • Specialty Clinics

    • Home Healthcare

    • Ambulatory Surgical Centers (ASC)

    • Other Healthcare Settings

  • Regional Outlook

    • North America

      • The U.S.

      • Canada

    • Europe

      • Germany

      • The U.K.

    • Asia Pacific

      • Japan

      • China

    • Latin America

      • Mexico

      • Brazil

    • MEA

      • South Africa

      • Saudi Arabia

The Surgical Dressing market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Surgical Dressing market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Surgical Dressing market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Surgical Dressing market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Surgical Dressing market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Surgical Dressing capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Surgical Dressing by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Surgical Dressing market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Surgical Dressing market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Surgical Dressing market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Surgical Dressing industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Surgical Dressing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Surgical Dressing market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Surgical Dressing market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Surgical Dressing market. These factors have benefited the growth of the global market for Surgical Dressing. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Surgical Dressing. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Surgical Dressing are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2021
  • Forecast Year 2021 to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market

To strategically profile the key players and comprehensively analyze their growth strategies.

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