Global Alginate Dressings Market to Reach $1.2 Billion by 2030
The global market for Alginate Dressings estimated at US$890.4 Million in the year 2023, is expected to reach US$1.2 Billion by 2030, growing at a CAGR of 4.4% over the period 2023-2030. Antimicrobial Alginate Dressings, one of the segments analyzed in the report, is expected to record 4.8% CAGR and reach US$727.2 Million by the end of the analysis period. Growth in the Non-antimicrobial Alginate Dressings segment is estimated at 3.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $236 Million, While China is Forecast to Grow at 6.5% CAGR
The Alginate Dressings market in the U.S. is estimated at US$236 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$252.4 Million by the year 2030 trailing a CAGR of 6.5% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.9% and 3.7% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 3.4% CAGR.
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