Surgical Dressing Market: Primary Segment Dominated With A Share

 

Surgical Dressings Industry Overview

The global surgical dressing market size was estimated at USD 3.6 billion in 2021 and is anticipated to grow at a compound annual growth rate (CAGR) of more than 5.56% during the forecast period. The market is majorly driven by the rising number of surgeries across the globe. For instance, as per an article published in NCBI (2020), every year, approximately 310 million major surgeries are performed worldwide; amongst which approximately 40 to 50 million are in the U.S. and 20 million in Europe. Moreover, according to a survey by the National Quality Forum, the number of surgical procedures conducted in the U.S. is increasing every year, and the rate of surgeries performed in ambulatory surgery centers has surged by 300% since the last decade. Furthermore, according to the American Society of Plastic Surgeons, approximately 18 million people in the U.S. underwent minimally invasive cosmetic surgical procedures in 2018.

Similarly, Regenexx estimated that approximately 7 million orthopedic surgeries were performed in the U.S. in 2017, out of which 242,000 adults who were below 65 years of age had a hip or knee implant. Surgeries may lead to surgical site infections if the wound is not cleaned properly. According to Infectious Disease Advisor, 5% of total surgeries performed resulted in surgical site infections. Therefore, with the increase in the number of surgeries performed, the use of surgical wound dressings is anticipated to grow during the forecasted period.

Gather more insights about the market drivers, restrains and growth of the Global Surgical Dressings market

Another significant factor driving the market growth is the rising number of cardiovascular disease-related surgeries which may further increase the demand for these products. For instance, as per the data published by Europe (Eurostat), transluminal coronary angioplasties were most common in Croatia and Germany in 2018, with an average of 411 and 409 performed per 100 000 inhabitants, respectively. Furthermore, the number of bariatric surgical procedures performed is expected to increase due to the rising disease prevalence of diabetes and obesity, which may act as a driver for this industry. For instance, according to the American Society for Metabolic and Bariatric Surgery, in 2018, the total number of metabolic and bariatric procedures increased by 10.8%, i.e., from approximately 228,000 in 2017 to 252,000.

Increasing prevalence of chronic disorders, such as diabetes, is further expected to drive market growth. For instance, according to CDC’s National Diabetes Statistics report of 2020, the number of diabetes patients has increased to an estimated 34.2 million, which comprises about 10.5% of the total population. According to a similar report, an estimated 26.8 million people have been diagnosed with diabetes, whereas 7.3 million people had diabetes and were yet to be diagnosed.

Moreover, 1.5 million new cases of diabetes were diagnosed alone in 2018, which included approximately 210,000 adolescents & children younger than 20 years of age. Thus, with an increase in the number of patients suffering from diabetes, the prevalence of diabetic foot ulcers is expected to increase. According to the University of Michigan Health, there is a 15% chance for a diabetic patient to develop diabetic foot ulcers, whereas there is a 14%-24% chance for patients who develop diabetic foot ulcers to have an amputation. Wound healing in diabetes patients is slow, and wounds may cause infection if not diagnosed properly. Thus, with the increase in the number of diabetes patients, the use of surgical dressings is expected to grow, thereby aiding industry growth.

Furthermore, the growing elderly population is expected to drive growth in the global surgical dressing market. Elderly people (aged ≥65) are currently the fastest-growing group of the general population in the U.S. According to National Population Projections by the U.S. Census Bureau 2017, nearly 1 in 4 U.S. citizens is likely to be an older adult by 2060. Also, the number of older populations is expected to reach 85.67 million by 2050. The elderly population is more susceptible to chronic wounds and with an increase in age, the wound healing ability of the body slows down.

Moreover, according to Wound Care Learning Network, elderly people are more likely to be diagnosed with pressure ulcers. For instance, according to Wound Care Learning Network, 71% of patients with pressure ulcers were aged 60 & above, which highlights the vulnerability of the geriatric population to pressure ulcers. In addition, according to the Agency for Healthcare Research & Quality, more than 2.5 million people in the U.S. develop pressure ulcers every year. Thus, along with the increasing elderly population, the rising incidence of pressure ulcers amongst the populace is expected to drive the industrial scale in the times to come.

The COVID-19 pandemic had negatively impacted the market, mainly owing to the cancellation or delay of elective surgical procedures. Moreover, there was a slight impact on the number of patients visit to wound care centers, and outpatient clinics, especially in the U.S. For instance, as per the research survey published by Tissue Analytics, a Net Health company, there was an estimated 40% decline in patient visits to wound care centers during March & April 2020, as compared to 2019.

However, post-pandemic the sector is recovering gradually, as the healthcare providers have shifted to new modes of care for surgical wounds such as virtual consultations and telehealth platforms. Following the latest insights published on MobiHealthNews (HIMSS) in October 2021, the National University of Singapore in collaboration with Singapore General Hospital developed VeCare. It’s a point-of-care wound evaluation platform that comprises a smart bandage with sensors and a smartphone app for remote wound monitoring. The wearable device can detect factors of chronic wounds within 15 minutes. Furthermore, several studies have found that telemedicine options are a cost-effective way to improve wound care outcomes while also increasing patient compliance and satisfaction. The Centers for Medicare and Medicaid Services (CMS) recently updated the list of reimbursable such services. Thus, due to the aforementioned factors, the market is anticipated to gain a significant growth rate in the post-pandemic period.

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Surgical Dressing Market Segmentation

Grand View Research has segmented the global surgical dressing market report based on product, application, end-use, and region:

Surgical Dressing Product Outlook (Revenue, USD Million, 2018 - 2030)

·         Primary Dressing

o    Foam Dressing

o    Alginate Dressing

o    Soft Silicone Dressing

o    Composite Dressing

o    Hydrogel Dressing

o    Hydrocolloid Dressing

o    Film Dressing

·         Secondary Dressing

o    Absorbents

o    Bandages

o  Muslin Bandage Rolls

o  Elastic Bandage Rolls

o  Triangular Bandages

o  Orthopedic Bandages

o  Elastic Plaster Bandages

o  Other Bandages

o    Adhesive Tapes

o    Protectives

o    Other Secondary Dressings

·         Others

Surgical Dressing Application Outlook (Revenue, USD Million, 2018 - 2030)

·         Diabetes Based Surgeries

·         Cardiovascular Diseases

·         Ulcers

·         Burns

·         Transplant Sites

·         Others

Surgical Dressing End-use Outlook (Revenue, USD Million, 2018 - 2030)

·         Hospital

·         Specialty Clinics

·         Home Healthcare

·         Ambulatory Surgery Centers

·         Others

Surgical Dressing Regional Outlook (Revenue, USD Million, 2018 - 2030)

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East & Africa (MEA)

Market Share Insights

·         October 2021: Healthium Medtech Limited, a global MedTech company focused on products used in surgical, post-surgical, and chronic care, launched Trushield NXT surgical wound dressing.

·         November 2018: MÓ§lnlycke launched Mepilex Border Flex. The new Mepilex Border Flex dressing is designed to support fewer dressing changes, lowering dressing costs and waste while promoting optimal healing.

 

Key Companies profiled:

Some prominent players in the global surgical dressing market include:

·        3M

·        Smith & Nephew

·        Mölnlycke Health Care AB

·        ConvaTec Group PLC

·        Johnson & Johnson

·        Baxter International

·        Coloplast Corp.

·        Medtronic

·        Derma Sciences Inc. (Integra LifeSciences)

·        Cardinal Health

 

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