Market Trends of Surgical Dressing Industry
This section covers the major market trends shaping the Surgical Dressing Market according to our research experts:
Foam Dressing is Expected to Witness Healthy CAGR Over the Forecast Period
The foam dressing segment is expected to witness significant growth in the surgical dressing market over the forecast period. The factors contributing to market growth are increasing burn cases, various ulcers, open wounds, and rising surgical cases across the globe.
In addition, diabetes is expected to be a major factor causing wounds. Thus, a rise in the number of people suffering from diabetes is anticipated to drive the market. For instance, as per the 2022 statistics published by the IDF, more than 51 million people in the NAC Region and 537 million people worldwide had diabetes in 2021, and this number is expected to rise to 63 million by 2045. Thus, the expected increase in the number of people suffering from diabetes globally may suffer from diabetic ulcers or wounds. This in turn is expected to increase the demand for foam dressing, hence propelling the segment's growth.
Additionally, as per the German Heart Surgery Report 2021 statistics, in 2021, there will be about 161,261 cardiac procedures performed in Germany, out of which 36,714 are heart valve procedures and 19,490 are pacemaker and ICD-related procedures. Thus, the growing number of cardiac surgeries is expected to increase the demand for sacral silicone foam dressing for the prevention of sacral deep tissue injury, hence boosting segment growth.
Furthermore, the growing research and development activity is further boosting the market's growth over the forecast period. For instance, in May 2022, Winner Medical showcased its latest and industry-leading advanced surgical wound care products, such as Transparent Film Dressing, Bordered Silicone Foam Dressing with SAF and Antibiosis Series Products, and its new product, the Carboxymethylcellulose (CMC) Dressing. Also, in March 2021, Smith+Nephew released the findings of a real-world study conducted in Spain that demonstrated how switching to ALLEVYN LIFE foam dressings reduced dressing change frequency and weekly dressing expenditures while enhancing treatment satisfaction for clinicians and patients in a community context.
Therefore, owing to factors such as the rising burden of diabetes and the growing number of cardiac surgeries, as well as increasing company activities, the studied segment is expected to grow over the forecast period.
North America is Expected to Witness a Significant CAGR Over the Forecast Period
North America is expected to grow over the forecast period owing to factors such as the growing incidence of chronic wounds and ulcers, diabetic foot ulcers, increased surgical procedures, and an increasing demand for faster wound recovery.
The growing prevalence of diabetes, along with an increase in spending on healthcare management, is anticipated to increase market growth. For instance, according to the International Diabetes Federation's Diabetes Atlas, Tenth Edition, in 2021, around 32.2 million people in the United States had diabetes, a number projected to grow to 36.3 million by 2045. The rising number of diabetic cases in the nation is expected to increase the number of diabetic ulcer cases and contribute to market growth in the United States.
Additionally, in Canada, numerous wound care associations collaborate to provide world-class treatment for pressure ulcers, specifically hospital-acquired pressure ulcers. For instance, as per the report published by the Canadian Patient Safety Institute in 2021, the net hospitalization cost of hospital-acquired pressure ulcers in the country is approximately CAD 44,000 (USD 32390) to CAD 90,000 (USD 66,253). Pressure ulcers are listed as Required Organizational Practices (ROP) in Accreditation Canada's 2020 handbook.This suggests that there is a growing concern about pressure ulcers across Canada, and wound-related associations are working to address it, which is expected to fuel the growth of the market studied.
Furthermore, the growing number of surgeries in the region is expected to boost segment growth over the forecast period. According to OECD data, approximately 3,154 total knee replacement surgeries will be performed in Mexico in 2022.Thus, growing surgical volume is expected to drive the demand for surgical dressings such as foam or occlusive dressings, thereby boosting the market's growth.
Therefore, owing to the above-mentioned factors, such as the rising burden of diabetes and the increasing number of surgical procedures, as well as growing company and organization activities in the region, the studied market is expected to grow over the forecast period.
