PUBLISHER: The Business Research Company | PRODUCT CODE: 1269071
PUBLISHER: The Business Research Company | PRODUCT CODE: 1269071
“Absorbent Dressings Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on absorbent dressings market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for absorbent dressings? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The absorbent dressings market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
Major players in the absorbent dressings market are 3M, MPM Medical Inc., Alliqua BioMedical Inc., DeRoyal Industries, Smith & Nephew PLC., Coloplast A/S, Convatec Group, Johnson & Johnson Pvt. Ltd., B. Braun, Molnlycke Health Care, Advancis Medical, Hollister Co., Integra Lifesciences, DermaRite and Birchwood Laboratories Inc.
The global absorbent dressings market is expected to grow from $7.20 billion in 2022 to $7.94 billion in 2023 at a compound annual growth rate (CAGR) of 10.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The absorbent dressings market is expected to grow to $11.44 billion in 2027 at a CAGR of 9.6%.
The absorbent dressing market consists of sales of gel pads, polyurethane foams, cotton or rayon, moisture control pads, alginate pads, AMD sponge dressing, and others. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
An absorbent dressing is made up of super absorbent polymer using materials like Iodine gel, fibrous fabric, alginate, sodium chloride, calcium, and other compounds to protect wounds from the external environment and absorbs the moisture of the wounds.
North America was the largest region in the absorbent dressing market in 2022, and is expected to be the fastest-growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main products of absorbent dressings include non-adherent, adherent, and low-adherent dressings. Non-adherent absorbent dressing refers to the dressing that has low adhering material enabling easy removal of the dressing. They are used for several applications in hospitals, clinics, and home care for end users of inpatient and outpatient facilities.
Rising chronic wounds are expected to propel the growth of the absorbent dressing market going forward. Chronic wounds refer to wounds that fail to proceed through the normal phases of wound healing on time. Absorbent dressing helps to absorb wounds, exudate, and manage the wounds caused by surgical incisions, burns, accidents, diabetic wounds, skin grafts, and venous ulcers. For instance, in June 2020, according to the British Journal of Family Medicine, a UK-based practical website for doctors and healthcare professionals, there are approximately 2.2 million people with chronic wounds in the UK. Therefore, rising chronic wounds are driving the growth of the absorbent dressing market.
Product innovation is a key trend gaining popularity in the absorbent dressing market. Major companies operating in the absorbent dressing market are developing innovative products with improved healing capacity and efficacy to sustain their position in the market. For instance, in April 2022, Global Health Technology, a Norway-based MedTech company, launched Erland Care Protective Skin, the next-generation wound dressing. This protective skin has unique, highly absorbent, and skin-friendly material that enables breathing and enables good healing conditions for the wound. This dressing is waterproof and its silicon adhesive allows easy removal.
In February 2022, Argentum Medical, a US-based medical device acquired Anacapa Technologies for an undisclosed amount. Through this acquisition, Argentum strengthened its position in the wound care market by integrating with Anacapa Technologies' Anasept and Silver-Sept antimicrobial wound cleansers, irrigation solutions, and gels. Anacapa Technologies Inc is a US-based company operating in skin and wound care products.
The countries covered in the absorbent dressing market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The absorbent dressings market research report is one of a series of new reports from The Business Research Company that provides absorbent dressings market statistics, including absorbent dressings industry global market size, regional shares, competitors with an absorbent dressings market share, detailed absorbent dressings market segments, market trends and opportunities, and any further data you may need to thrive in the absorbent dressings industry. This absorbent dressing's market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.