Market Size of Surgical Dressing Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 5.20 % |
Fastest Growing Market | Asia-Pacific |
Largest Market | North America |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
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.
Surgical Dressing Industry Segmentation
As per the scope of the report, a surgical dressing is a sterile pad or compress that is applied to the wound after surgery to accelerate the wound's healing and avoid further harm to the organ. These are widely used to stem bleeding, debride the wound, absorb exudate, ease pain, and reduce psychological stress, among others. The Surgical Dressing Market is divided into Product (Primary Dressing (Film Dressing, Hydrogel Dressing, Hydrocolloid Dressing, Foam Dressing, Alginate Dressing, Others), Secondary Dressing (Absorbents, Bandages, Adhesive Tapes, Protectives, Others), Application (Ulcers, Burns, Organ Transplants, Cardiovascular Disease, Diabetes-Based Surgeries, Others), End-User (Hospitals, Others), The market report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the value (in USD million) for the above segments.
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By Application | |
Ulcers | |
Burns | |
Organ Transplants | |
Cardiovascular Disease | |
Diabetes Based Surgeries | |
Other applications |
By End-User | |
Hospitals/Clinics | |
Ambulatory Surgical Centers | |
Other End-Users |
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Surgical Dressing Market Size Summary
The surgical dressing market is poised for significant growth over the forecast period, driven by an increase in surgical procedures and the rising prevalence of chronic wounds, ulcers, and burns. The market's expansion is further supported by the growing number of ambulatory surgical centers and organ transplants globally. The demand for surgical dressings is expected to rise due to the increasing incidence of chronic diseases, which necessitate effective and advanced treatment services. The market is also witnessing innovation, with companies focusing on developing advanced surgical dressings that enhance wound healing and prevent complications. However, challenges such as stringent regulatory policies, lack of reimbursement, and high treatment costs may impede market growth.
Regionally, North America is anticipated to experience robust growth, fueled by the rising incidence of chronic wounds and ulcers, particularly diabetic foot ulcers, alongside an increase in surgical procedures. The region's healthcare spending and focus on faster wound recovery are expected to drive market expansion. The presence of major market players like 3M Company, Smith & Nephew, and Johnson & Johnson, who are committed to innovation and addressing evolving healthcare needs, contributes to the market's moderate consolidation. These companies are actively developing new products to meet the demands of patients and healthcare providers, further propelling the market's growth trajectory.
Surgical Dressing Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Rising Cases of Lifestyle Diseases and Increasing Number of Surgeries Across the Globe
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1.2.2 Growing Number of Ambulatory Surgical Centers
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1.2.3 Increasing Organ Transplant
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1.3 Market Restraints
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1.3.1 Stringent Regulatory Policies
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1.3.2 Lack of Reimbursement and High Treatment Costs
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - USD million)
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2.1 By Product
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2.1.1 Primary Dressing
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2.1.1.1 Film Dressing
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2.1.1.2 Hydrogel Dressing
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2.1.1.3 Hydrocolloid Dressing
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2.1.1.4 Foam Dressing
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2.1.1.5 Alginate Dressing
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2.1.1.6 Other Products
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2.1.2 Secondary Dressing
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2.1.2.1 Absorbents
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2.1.2.2 Bandages
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2.1.2.3 Adhesive Tapes
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2.1.2.4 Protectives
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2.1.2.5 Other Types of Secondary Dressing
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2.2 By Application
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2.2.1 Ulcers
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2.2.2 Burns
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2.2.3 Organ Transplants
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2.2.4 Cardiovascular Disease
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2.2.5 Diabetes Based Surgeries
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2.2.6 Other applications
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2.3 By End-User
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2.3.1 Hospitals/Clinics
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2.3.2 Ambulatory Surgical Centers
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2.3.3 Other End-Users
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2.4 Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.1.3 Mexico
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2.4.2 Europe
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2.4.2.1 Germany
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2.4.2.2 United Kingdom
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2.4.2.3 France
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2.4.2.4 Italy
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2.4.2.5 Spain
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2.4.2.6 Rest of Europe
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2.4.3 Asia-Pacific
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2.4.3.1 China
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2.4.3.2 Japan
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2.4.3.3 India
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2.4.3.4 Australia
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2.4.3.5 South Korea
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2.4.3.6 Rest of Asia-Pacific
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2.4.4 Middle East and Africa
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2.4.4.1 GCC
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2.4.4.2 South Africa
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2.4.4.3 Rest of Middle East and Africa
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2.4.5 South America
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2.4.5.1 Brazil
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2.4.5.2 Argentina
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2.4.5.3 Rest of South America
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Surgical Dressing Market Size FAQs
What is the current Surgical Dressing Market size?
The Surgical Dressing Market is projected to register a CAGR of 5.20% during the forecast period (2024-2029)
Who are the key players in Surgical Dressing Market?
3M, Smith and Nephew, ConvaTec Inc., Johnson and Johnson and Cardinal Health, Inc. are the major companies operating in the Surgical Dressing Market.