Biodegradable Dressings Market is expected to reach US$ 285.8 Mn by 2031, while expanding at a CAGR of 3.8%.

Biodegradable Dressings Market: Increasing Sinus Surgeries to Majorly Drive Market Growth

As per Persistence Market Research’s latest industry analysis, the global biodegradable dressings market is expected to witness high growth from US$ 190.7 Mn in 2020 to around US$ 285.8 Mn by 2031. This reflects a CAGR of around 3.8% over the forecast period (2021-2031).

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Biodegradable dressings are promising solutions that have been shown to enhance mucosal healing, hemostasis, and comfort, while also reducing the risk of microbial infection. Demand for biodegradable dressings will be driven by an increase in surgeries, rise in chronic illnesses, and increase in the geriatric population.

New product launches and approvals have emerged as a key growth strategy adopted by leading players in the market. Acquisitions is the second-most key strategy adopted by market players. Adopting these strategies has helped companies expand their regional presence as well as product offerings.

Key Takeaways from Market Study

  • By product, polyvinyl alcohol (PVA) foam holds the highest market share of 36.4% in 2021.
  • In terms of end user, hospitals account for 53.9% market share, due to increasing number of surgeries and advanced treatment options available.
  • By region, North America held the largest share of 36.5% in 2021 due to high spending on research & development activities, growing incidence of chronic diseases, and rising number of surgeries. Additionally, presence of prominent players is aiding market growth in North America.

“Increasing prevalence of postoperative complications and high spending on research & development in the pharmaceutical sector are expected to drive demand for biodegradable dressings,” says an analyst of Persistence Market Research.

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Market Competition

Some of the leading manufacturers of biodegradable dressings are focusing on product approvals, acquisitions, mergers, collaborations, and partnerships for global expansion.

  • In April 2021, Foryou Medical received 510(k) clearance for its Suntouch PVA nasal dressing – No.K201013. This has bolstered the company’s product line of antibacterial dressings.
  • On January 4, 2021, Axio Biosolutions became the largest producer of chitosan medical sponges used for wound management.
  • BenQ acquired Sigma Medical Supplies in 2018 to expand into the medical market. Sigma Medical Supplies offers sterilization-related supplies and accessories.
  • In December 2017, Stryker acquired Entellus Medical Inc. for approximately US$ 662 million in an all-cash transaction for US$ 24/share. Entellus was a leader in ENT products and facilitated doctors and healthcare professionals to efficiently perform ENT procedures.

Key market players covered by Persistence Market Research in the study include Aegis Lifesciences Pvt. Ltd., Medtronic, Datt Mediproducts Pvt. Ltd., Stryker, Huizhou Foryou Medical Devices Co, Ltd, BenQ Materials Corp, EON Meditech Pvt. Ltd, Axio Biosolutions Pvt. Ltd., Divine Medicure Technology, Cenefom Corp, Smith– Nephew, Baxter, Reliance Life Sciences, and Hangzhou Singclean Medical Product Co. Ltd.

 What Does the Report Cover?

Persistence Market Research offers a unique perspective and actionable insights on the biodegradable dressings market in its latest study, presenting historical demand assessment of 2016-2020 and projections for 2021-2031.

The research study is based on product (polyvinyl alcohol (PVA) foam, hyaluronic acid, carboxymethyl cellulose, fibrin glue, microporous polysaccharide hemisphere, chitosan), end user (hospitals, clinics, ambulatory surgical centres), and seven major regions of the world.

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Key Questions Answered in This Report.

  • What are the Roadblocks for Biodegradable Dressings Market Suppliers?
  • What are the Key Opportunities for Biodegradable Dressings Market Manufacturers?
  • How is Focus on Safety Influencing Biodegradable Dressings Market Demand?
  • What is the Regulatory Impact on Global Sales of Biodegradable Dressings Market?
  • Which Region Offers the Largest Opportunity for Sales of Biodegradable Dressings Market?
  • Where Does the U.S. Stand in the Market for Biodegradable Dressings Market?
  • What Is the Outlook for Biodegradable Dressings Market Manufacturers in China?
  • Why is Germany a Lucrative Market for Biodegradable Dressings Market Manufacturers?
  • Why Will Belgium Outpace Other European Markets for Biodegradable Dressings Market?
  • Why is There High Demand for Tires in Biodegradable Dressings Market?
  • Why are Sales of Biodegradable Dressings Market Surging?

About Us

Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.

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