Worldwide surgical dressing market is anticipated to accumulate around US $5.2 billion by the year 2025, registering a 5.2 percent CAGR throughout the predicted period, according to the latest research available at Market Study Report LLC, report provides extensively data on market share, growth, trends and forecasts for the period 2018-2025.
The global surgical dressing market is gaining traction owing to the rise in demand for surgeries such as cardiovascular surgeries, organ transplant surgeries, and other surgeries. Also, the growing penetration of ASCs (ambulatory surgery centers) in developed as well as developing countries has fueled the market growth. These ambulatory surgery centers perform various surgeries, including orthopedics, urology, reconstructive, and gastrointestinal surgeries, which extensively require surgical dressing products.
Another significant driving force for the global surgical dressing market is the increasing prevalence of CVDs (cardiovascular diseases) due to changes in lifestyle. According to credible estimates, cardiovascular diseases would become the major contributor to serious health issues among people in the emerging countries of Asia Pacific, including India, Malaysia, and China.
In the developed countries, such as the United States and some European countries, majority of the population is affected with cardiovascular diseases, which in turn, adds momentum to the global surgical dressing market. As per the data compiled by the AHA (American Heart Association), approximately 92.1 million adults in the United States are likely to suffer from at least one form of CVD by the year 2017.
On the basis of product spectrum, the global surgical dressing market can be segmented into primary dressing and secondary dressing. According to the report, the primary dressing segment held the largest market share in the year 2017.
Based on the application landscape, the global market is fragmented into diabetes-based surgeries, burns surgeries, ulcer surgeries, cardiovascular diseases-based surgeries, transplant surgeries, and others. Reportedly, the cardiovascular diseases-based surgery segment is expanding at the fastest rate, followed by the transplant and diabetes-related surgeries segments.
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By end-user, the global surgical dressing market can be bifurcated into home healthcare, hospitals, specialty clinics, ambulatory centers, and others. Market researchers claim that the hospitals segment would amass the largest market share over the forecast timeframe, while the ambulatory centers segment will grow at the highest rate. This growth can be attributed to the burgeoning adoption of ambulatory centers in both the developed and developing nations.
The surgical dressing market is endowed with a highly competitive scenario, where each player is trying hard to enhance its foothold in the global market. The distinguished players operating in this industry include Advancis Medical, Medtronic, 3M, Medline Industries, Smith & Nephew, ConvaTec, Alliqua Biomedical, Mölnlycke Health Care AB, Acelity, Coloplast, and BSN Medical, among others.
The latest report also entails an exhaustive analysis of the global surgical dressing market drivers, restraints, and opportunities, in addition to the current market scenario & future trends. A brief synopsis of the prevailing industry trends, Porter's five forces, PEST analysis, regional landscape, competitive ranking analysis, and competitive vistas has also been included in the report.