The absorbent dressings global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Absorbent Dressings Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The absorbent dressings market size has grown rapidly in recent years. It will grow from <b>$7.92 billion in 2023 to $8.73 billion in 2024 at a compound annual growth rate (CAGR) of 10.2%. </b> The growth in the historic period can be attributed to regulatory frameworks, customization in wound care solutions, aging population demographics, rising incidence of chronic diseases.
The absorbent dressings market size is expected to see rapid growth in the next few years. It will grow to <b>$12.82 billion in 2028 at a compound annual growth rate (CAGR) of 10.1%. </b> The growth in the forecast period can be attributed to global healthcare infrastructure development, focus on wound healing properties, patient-centric solutions, home healthcare market growth, heightened infection control measures. Major trends in the forecast period include wound care advancements, rise in surgical procedures, prevalence of chronic wounds, patient preference for comfort and convenience, demand from home healthcare settings.
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Scope Of Absorbent Dressings Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Absorbent Dressings Market Overview
Market Drivers –
Rising chronic wounds are expected to propel the growth of the absorbent dressings 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 December 2022, according to the Mission Regional Medical Center, a US-based medical facility, it is estimated that 6.7 million people currently live with chronic wounds and that number is expected to grow at more than 2% for the next decade. Therefore, rising chronic wounds are driving the growth of the absorbent dressings market.
Market Trends –
Product innovation is a key trend gaining popularity in the absorbent dressings market. Major companies operating in the absorbent dressings 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.
The absorbent dressings market covered in this report is segmented –
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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Regional Insights –
North America was the largest region in the absorbent dressings market in 2023, and is expected to be the fastest-growing region in the forecast period. The regions covered in the absorbent dressings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the absorbent dressings market report are 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
Table of Contents
1. Executive Summary
2. Absorbent Dressings Market Report Structure
3. Absorbent Dressings Market Trends And Strategies
4. Absorbent Dressings Market – Macro Economic Scenario
5. Global Absorbent Dressings Market Size and Growth
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31. Global Absorbent Dressings Market Competitive Benchmarking
32. Global Absorbent Dressings Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Absorbent Dressings Market
34. Absorbent Dressings Market Future Outlook and Potential Analysis
35. Appendix
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