Abdominal Pads Market Size, Share & Trends Analysis Report By Type (Sterile, Non-sterile), By Application (Surgical Wounds, Chronic wounds, Burns, Others), By End-use, By Region, And Segment Forecasts, 2023 - 2030
Abdominal Pads Market Growth & Trends
The global abdominal pads market size is expected to reach USD 1.5 billion, registering a CAGR of 6.1% from 2023 to 2030, based on a new report by Grand View Research, Inc., Increasing awareness among the people about wound management, a growing number of surgical procedures globally, and rising global elderly population are the growth driving factors. Furthermore, increasing cases of burn injuries is also expected to drive market growth. For instance, as per the World Health Organization, annually, more than five million people are listed as severely or moderately burnt.
The COVID-19 outbreak has hampered regular wound management procedures resulting in a decline in hospital attendance, postponed surgical services, and delayed or canceled surgical and other non-emergency procedures. The global market for wound management was significantly impacted by the pandemic's first wave. According to the article by Annals of Surgery, the pandemic has caused a disruption in the provision of surgical services, with an estimated 28.0 million elective surgeries worldwide being postponed during the first COVID-19 wave along with the cancellation of diagnostic and therapeutic treatments. However, after the cancellation of the lockdown and decline in the COVID-19 cases the hospitals and healthcare infrastructure is getting back to normal.
The key companies are attempting to enhance their product portfolio by upgrading their products, employing significant cooperative efforts, and considering acquisitions in addition to government permissions to increase their client base and capture a larger share of the abdominal pads market.
Abdominal Pads Market Report Highlights
Based on type, the sterile segment accounted for the largest market share of 62.1% in 2022 as it is a highly absorbent material to absorb excess fluid
The chronic wound segment dominated the abdominal pads market with a revenue share of 32.6% in 2022 owing to the prolonged healing time required. The surgical wounds segment is expected to witness the fastest expansion with a CAGR of 6.6% during the forecast period due to the increased number of surgical procedures globally
Based on the end-use, the hospitals segment dominated the abdominal pads market with a revenue share of 36.8% in 2022 and is likely to expand at the fastest growth rate from 2023 to 2030
North America accounted for the largest revenue share of nearly 44.3% in 2022. This is owing to the highly developed healthcare infrastructure and presence of major companies in the region
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Chapter 1 Report Scope And Objectives
1.1 Market Segmentation & Scope
1.2 Regional Scope
1.2.1 Estimates And Forecast Timeline
1.3 Objectives
1.3.1 Objective - 1
1.3.2 Objective - 2
1.3.3 Objective - 3
Chapter 2 Methodology
2.1 Research Methodology
2.2 Information Procurement
2.2.1 Purchased Database
2.2.2 Gvr’s Internal Database
2.2.3 Secondary Sources
2.2.4 Primary Research
2.3 Information Or Data Analysis
2.3.1 Data Analysis Models
2.4 Market Formulation & Validation
2.5 Model Details
2.5.1 Commodity Flow Analysis (Model 1)
2.5.2 Volume Price Analysis (Model 2)
2.6 List Of Secondary Sources
Chapter 3 Executive Summary
3.1 Market Outlook
3.2 Segment Outlook
3.2.1 Type
3.2.2 Application
3.2.3 End-Use
3.2.4 Region
3.3 Competitive Insights
3.4 Abdominal Pads Market Outlook, 2022
Chapter 4 Market Variables, Trends & Scope
4.1 Market Lineage Outlook
4.1.1 Parent Market Outlook
4.2 Abdominal Pads Market Dynamics
4.2.1 Market Driver Analysis
4.2.1.1 Rising Cases Of Burn Injuries Globally
4.2.1.2 Increasing Number Of Surgical Procedures Worldwide
4.2.2 Market Restraint Analysis
4.2.2.1 Lack Of Awareness Among The Patients
4.3 Abdominal Pads Market: Business Environment Analysis Tools
4.3.1 Porter’s Five Forces Analysis
4.3.1.1 Threat Of New Entrants
4.3.1.2 Bargaining Power Of Suppliers
4.3.1.3 Bargaining Power Of Buyers
4.3.1.4 Competitive Rivalry
4.3.1.5 Threat Of Substitutes
4.3.2 Pestel Analysis
4.3.2.1 Political & Legal
4.3.2.2 Economic & Social
4.3.2.3 Technological
4.4 Penetration & Growth Prospect Mapping
4.5 Technology Trend Analysis
4.6 Regulatory Framework
4.7 Impact Of Covid-19 On Abdominal Pads Market
Chapter 5 Abdominal Pads Market: Type Analysis
5.1 Abdominal Pads Type Market Share Analysis, 2022 & 2030