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The Medical Dressings Market is expected to grow at a CAGR of 5.9% during the forecast period 2023-2028 to reach a market size equivalent of $12.8 billion in 2028. Medical dressings aid in healing the afflicted wounds or
surgical sites. Dressings also protect the wound from further harm by remaining
in direct contact with the wound. Medical dressings stop bleeding, protect from
infection, absorb exudates, ease pain, debride the wound and reduce
psychological stress. Medical dressings primarily cover three forms, such as
passive products which includes adhesive bandages; interactive products such as
semi-permeable film and foam dressing, alginate dressings and Hydrofiber
dressings. Lastly, technological advancements have aided in the adoption of
bioactive products which help in wound care.
Medical Dressings Market Drivers
A Higher Rate of Cesarean Sections in Elderly Mothers:
Delayed pregnancies until advanced maternal age at childbirth have been a key reason for an increase in the incidence of C-Sections. This results in the high utilization of medical dressings. As per WHO, cesarean-section use has continued to grow globally and now more than 1 in 5 or 21% of all childbirths can be attributed to c-sections. Critically, WHO finds compelling evidence commenting the rates to touch 29% by 2030. Moreover, a high correlation has been found between growing women’s education and c-section incidences which have aided market growth and shall continue to do so in the future.
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Substantial Presence of Trauma and Burn Accidents Around
the Globe:
Trauma injuries are often the result of a wide variety of
blunt, penetrating and burn mechanisms. It also includes motor vehicle collisions,
sports injuries, falls, natural disasters and a multitude of other physical
injuries. Road crashes cause between 20-50 million non-fatal injuries around
the world according to Brake.Org. Additionally, the same institute predicts around 1.35 million road deaths each year. As per WHO, around 180,000 deaths
each year take place owing to burns around the world, with incidence
exceedingly far more. Thereby, these reasons compel a high demand for the
Medical Dressings industry.
Product Launch and Collaboration
In September 2022, Massachusetts General Hospital developed
an advanced hydrogel that promotes the healing of second-degree burns and can
be dissolved quickly. In September 2022, Researchers from the University of
Pennsylvania, Lehigh University and Children’s Hospital of Philadelphia
developed a new adhesive bandage using vinyl alcohol and boric acid.
The Major Players in the Market
The Major Players in the Medical Dressings Market include
3M, Coloplast Corp, Medline Industries, Smith and Nephew, Medtronic, ConvaTec
Group PLC, Derma Sciences, Johnson and Johnson, Baxter International and
Molnlycke Health Care AB.
Over the years, market players have collaborated with leading institutes and other value chain players to curate products and services
that aid in broader patient service.