PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1357970
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1357970
The Global IV dressings Market is estimated to be valued at US$ 794.7 million in 2023 and is expected to exhibit a CAGR of 5.3% during the forecast period (2023-2030).
Report Coverage | Report Details | ||
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Base Year: | 2022 | Market Size in 2023: | US$ 794.7 Mn |
Historical Data for: | 2018 to 2021 | Forecast Period: | 2023 - 2030 |
Forecast Period 2023 to 2030 CAGR: | 5.30% | 2030 Value Projection: | US$ 1,141.5 Mn |
Catheters and IV cannulas are kept in place at the insertion point with the use of IV dressings. IV dressings maintain a slightly damp environment for wound healing while allowing moisture and oxygen to pass. These dressings are resistant to external pollutants, including bacteria and germs. By preventing the spread of germs, these dressings assist in maintaining a dry and clean catheter site. IV dressings have properties such as being adaptable, waterproof, allowing patients to shower, permeable to moisture vapor and oxygen, impervious to external contaminants, having an effective wearing time of up to seven days, having a mostly transparent character that allows continuous observation, and being available in different thicknesses and sizes. IV dressings provide benefits such as acting as a barrier for external contaminants, whereas using sterile gauze to secure an IV dressing does not provide protection from external contamination. On the other hand, transparent IV dressings are advantageous because they create an effectively impermeable environment for the microorganisms but are still permeable to water vapor and oxygen.
Increasing product offerings by market players is expected to drive growth of the global IV dressings market over the forecast period. For instance, Avery Dennison Corporation, an adhesive manufacturing company, offers a BeneHold chlorhexidine gluconate (CHG) IV Dressing that is designed to cover, protect, and secure catheter site devices on the skin. The bandage consists of a transparent film and a thin layer of acrylic adhesive that contains CHG. CHG is a well-known antiseptic with broad antimicrobial and antifungal properties. The bandage is flexible and ensures comfort. The CHG contained adhesive protects the dressing from microbial growth, and the film acts as a selective filter. The dressing acts as a barrier against external fluids, bacteria, and viruses while still retaining absorbent properties and being breathable. This allows gases such as steam and oxygen to be easily exchanged.