What Is the Projected Market Size and Growth Forecast for the Global Absorbent Dressings Market?
The absorbent dressings market size has experienced a significant growth in recent years. It is projected to grow from $8.5 billion in 2024 to $9.31 billion in 2025 at a compound annual growth rate (CAGR) of 9.5%. This growth during the historic period can be attributed to factors such as regulatory frameworks, customization in wound care solutions, aging population demographics, and rising incidence of chronic diseases.
Moreover, the rapid growth of the absorbent dressings market is anticipated to continue in the forthcoming years. It is expected to reach $14.08 billion in 2029 at a CAGR of 10.9%. The forecasted growth can be attributed to the development of global healthcare infrastructure, focus on wound healing properties, patient-centric solutions, growth in home healthcare market, and heightened infection control measures. Notable trends for the forecast period include advancements in wound care, a rise in surgical procedures, the prevalence of chronic wounds, patient preference for comfort and convenience, and demand from home healthcare settings.
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What Are the Key Driving Factors of the Absorbent Dressings Market Growth?
The rise in chronic wounds is expected to be a key growth driver for the absorbent dressings market. Chronic wounds, which fail to timely move through the usual stages of wound healing, can effectively be managed using absorbent dressings. These dressings help absorb the wounds’ exudate and are employed for wounds resulting from surgical incisions, burns, accidents, diabetic wounds, skin grafts, and venous ulcers. For instance, the Mission Regional Medical Center, a US-based medical facility, estimated in December 2022 that around 6.7 million people live with chronic wounds, a number expected to grow by more than 2% every year for the next decade. Consequently, the rise in chronic wounds is significantly contributing to the absorbent dressings market growth.
What Are the Major Segments in the Global Absorbent Dressings Market?
The report segments the absorbent dressings market as follows:
1) By Product: Non-Adherent, Adherent, Low-Adherent
2) By Application: Hospital, Clinic, Home Care
3) By End-User: Inpatient Facilities, Outpatient Facilities
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Who Are the Major Players in the Absorbent Dressings Market?
Major companies operating in the absorbent dressings market include 3M Company, MPM Medical Inc., Alliqua BioMedical Inc., DeRoyal Industries Inc., Smith & Nephew PLC, Coloplast A/S, Johnson & Johnson, B. Braun Melsungen AG, Mölnlycke Health Care AB, Brightwake Limited, Hollister Incorporated, Integra LifeSciences Holdings Corporation, DermaRite Industries LLC, Birchwood Laboratories Inc., Medline Industries Inc., Acelity L.P. Inc., Argentum Medical LLC, ConvaTec Inc., Derma Sciences Inc., HARTMANN GROUP, Lohmann & Rauscher International GmbH & Co. KG, Medtronic PLC, Nitto Denko Corporation, Paul Hartmann AG, Systagenix Wound Management Ltd., Urgo Medical Ltd., Winner Medical Co. Ltd., 4L Health Co. Ltd., Aso LLC, Gentell Inc., Essity AB, Adynxx Inc., BSN Medical GmbH.
What are the Emerging trends in the Absorbent Dressings Market?
One of the growing trends in the absorbent dressings market is the development of innovative products by major companies. For instance, in April 2022, Global Health Technology, a Norway-based MedTech company, launched Erland Care Protective Skin, a next-generation wound dressing with improved healing capacity and efficacy. This absorbent, skin-friendly dressing is breathable, waterproof, and has a silicon adhesive for easy removal.
Which Region Dominates the Absorbent Dressings Market?
In 2024, North America accounted for the largest share of the absorbent dressings market and is expected to be the fastest-growing region in the forecast period. Other regions covered in the report include Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
What Does The Absorbent Dressings Market Report 2025 Offer?
An absorbent dressing is made up of a super absorbent polymer using materials like iodine gel, fibrous fabric, alginate, sodium chloride, calcium, and other compounds to absorb wound moisture and protect wounds from the external environment. The Absorbent Dressings Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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