Market Size of Surgical Dressing Industry
|2019 - 2029
|Base Year For Estimation
|Fastest Growing Market
*Disclaimer: Major Players sorted in no particular order
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Surgical Dressing Market Analysis
Over the next few years, the market for surgical dressings is expected to grow at a CAGR of 5.2%.
COVID-19 had an impact on the surgical dressing market due to the cancellation of elective procedures worldwide, including diagnostics and wound care treatment.Due to the regulatory authorities' strict guidance to prevent any non-emergent surgeries, the volume of surgeries drastically decreased throughout the pandemic. For instance, as per a research article published in the Brazilian Journal of Gynecology and Obstetrics, in July 2020, both the National Health Agency and the National Health Surveillance Agency advised the postponement of elective and non-essential surgeries. This had a considerable impact on the number of surgical procedures, which decreased by 33.4% in the country. However, resumed surgical procedures and wound treatment services have increased demand for the surgical dressing market. For instance, as per an article published in December 2021, a total of 13,108,567 surgical procedures were identified from January 1, 2019, through January 30, 2021, based on 3498 Current Procedural Terminology (CPT) codes. Thus, with the increased number of surgical procedures, the studied market is growing and is expected to reach its full potential in the next two to three years.
Market growth is being helped by things like the rise in lifestyle diseases and the number of surgeries around the world, as well as the rise in the number of ambulatory surgical centers and organ transplants.
The increasing incidences of chronic wounds, ulcers, diabetic ulcers, and burns are the key factor driving the demand for surgical dressings over the forecast period. For instance, according to data published by the NPIAP in August 2021, around 2.5 million people are reported every year with pressure ulcers in the United States. Also, per the report published by the American Burn Association in February 2021, more than 400,000 people receive burn injury treatment every year in the United States.
Additionally, the growing burden of chronic diseases is driving the demand for effective and advanced treatment services involving surgical procedures, which are anticipated to fuel the demand for surgical dressing during surgery, hence propelling the market's growth. For instance, according to the data published by the OECD, in August 2022, about 94.87 thousand surgeries were performed in Portugal, followed by 49.33 thousand in Denmark, 32.84 thousand in Ireland, and 21.5 thousand in Norway in 2021.
Also, the number of knee and hip replacement surgeries has increased globally, and persistent wound drainage is a well-known complication following these procedures, which commonly leads to wound development. This is also expected to increase the demand for surgical dressings, hence bolstering the market's growth. For instance, as per the American Joint Registry 2021 report, more than 2.4 million hip and knee surgeries were reported in the United States in 2021, with an increase of 18.3% in total procedural volume compared to 2020.
Furthermore, the increasing focus of companies on developing effective surgical dressings is also contributing to the growth of the market. For instance, in June 2022, Medline released its Optifoam Gentle EX Foam Dressing. When combined with a pressure injury prevention protocol, the product is intended to help displace pressure. The product has five distinct layers that absorb shear stress, friction, and moisture. Also, in May 2022, the Technical University of Munich (TUM) in Germany developed a new kind of film dressing using mucin molecules that can not only protect wounds like conventional dressings but also add active drugs to accelerate wound healing, expel bacteria, inhibit inflammation, and finally decompose on the skin by itself, which is a new revelation for sensitive skin.
Therefore, owing to the aforementioned factors, the studied market is expected to grow over the forecast period. However, the stringent regulatory policies, lack of reimbursement, and high treatment costs are likely to hinder the growth of the surgical dressing market over the forecast period.